USDCAD Daily Analysis – June 22, 2017 Forex Analysis

USDCAD broke above 1.3308 resistance, indicating that lengthier consolidation for the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. However, as long as 1.3400 resistance holds, another fall towards 1.3050 is still possible after the consolidation.

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USDJPY Daily Analysis – June 22, 2017 Forex Analysis

USDJPY remains in uptrend from 108.81, the pullback from 111.78 is likely consolidation of the uptrend. Key support is at 110.64, as long as this level holds, the uptrend could be expected continue and next target would be at 113.00. On the downside, a breakdown below 110.64 will indicate that the uptrend had completed at … Continue reading "USDJPY Daily Analysis – June 22, 2017"

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AUDUSD Daily Analysis – June 22, 2017 Forex Analysis

AUDUSD is facing the key support at 0.7519. A breakdown below this level will confirm that the uptrend from 0.7371 had completed at 0.7635 already, then the pair will find support at around 0.7450 zone. Near term resistance is at 0.7600, only break above this level could trigger another rise towards 0.7700.

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GBPUSD Daily Analysis – June 22, 2017 Forex Analysis

GBPUSD stays below a downward trend line on its 4-hour chart, indicating that the pair remains in the downtrend from 1.3047. As long as the pair is below the trend line, the downtrend could be expected to continue and further decline to 1.2500 area is possible. Key resistance is now at 1.2817, only break above … Continue reading "GBPUSD Daily Analysis – June 22, 2017"

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EURUSD Daily Analysis – June 22, 2017 Forex Analysis

EURUSD is testing 1.1109 support, a breakdown below this level could signal completion of the uptrend from 1.0569 (Apr 10 low), then the following bearish movement could bring price back into 1.0800 zone. However, as long as 1.1109 support holds, the pullback from 1.1295 would possibly be consolidation of the uptrend, and another rise towards … Continue reading "EURUSD Daily Analysis – June 22, 2017"

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USDCAD Daily Analysis – June 21, 2017 Forex Analysis

USDCAD continued its sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.3050 area. The key resistance is at 1.3350, only a break above this level could signal completion … Continue reading "USDCAD Daily Analysis – June 21, 2017"

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USDJPY Daily Analysis – June 21, 2017 Forex Analysis

USDJPY’s rise from 108.81 extended to as high as 111.78. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Key support is at 110.64, only a breakdown below this level could signal completion of the uptrend.

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