USDCAD Daily Analysis – July 26, 2017 Forex Analysis

USDCAD remains in downtrend from 1.3347. As long as the pair is below the falling trend line the 4-hour chart, the downside movement could be expected to continue and further decline to test the import support at 1.2460 (May 2016 low) is possible. On the upside, a clear break above the trend line resistance could … Continue reading "USDCAD Daily Analysis – July 26, 2017"

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USDJPY Daily Analysis – July 26, 2017 Forex Analysis

USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that the short term downtrend from 114.49 had completed at 110.62 already. Further rise to test 112.41 resistance could be expected and a break of this level could trigger another rise towards 115.50. Support is at 110.62, only a … Continue reading "USDJPY Daily Analysis – July 26, 2017"

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AUDUSD Daily Analysis – July 26, 2017 Forex Analysis

Under pressure by the top trend line of the price channel on its weekly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571. Another rise towards 0.8150 is … Continue reading "AUDUSD Daily Analysis – July 26, 2017"

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GBPUSD Daily Analysis – July 26, 2017 Forex Analysis

GBPUSD formed a sideways movement in a trading range between 1.2811 and 1.3125. Another fall to test 1.2811 support would likely be seen in a couple of days. As long as this support level holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589 and further rise to test 1.3200 resistance … Continue reading "GBPUSD Daily Analysis – July 26, 2017"

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EURUSD Daily Analysis – July 26, 2017 Forex Analysis

EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next target would be at 1.1800 area. On the downside, a clear break below the trend line support will … Continue reading "EURUSD Daily Analysis – July 26, 2017"

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USDCAD Daily Analysis – July 25, 2017 Forex Analysis

USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the import support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue. Key resistance is at 1.2608, only a … Continue reading "USDCAD Daily Analysis – July 25, 2017"

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USDJPY Daily Analysis – July 25, 2017 Forex Analysis

USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.49. As long as the channel resistance holds, the bounce from 110.62 could be treated as consolidation of the downtrend and further decline to 110.00 area is possible after the consolidation. On the upside, a clear break above … Continue reading "USDJPY Daily Analysis – July 25, 2017"

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