Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and GBP/JPY

USD/CAD: This currency pair is in a long-term downtrend channel on the 1-hour chart and we are in a bearish wedge in the short-term. The price is consolidating at a strong support of 1.3350. A descending wedge has formed and we could weaken further. A clear break below 1.3350 would open the way to the 1.3250 level. As long as we are below the 1.3400 level, we could look for short opportunities.

AUD/USD: This currency pair is in a long-term uptrend on the 1-hour chart, and we are in a short-term uptrend channel. The price bounced back from the key 0.6650 level, but the bullish momentum is fading. We could now break the rising trend line and test the 0.6650 level where buying pressure could increase. As long as we are above the 0.6610 level, we could look for long opportunities.

EUR/USD: This currency pair is in a long-term downtrend on the 1-hour chart, short-term we are in a downtrend channel. The price is consolidating in the 1.0640 – 1.0740 range, and its breakthrough will indicate the next direction. We could now trade to the side with a slight preponderance of sellers. A clear break below 1.0690 would open the way to the 1.0640 level. As long as we are below the 1.0760 level, we could look for short opportunities.

GBP/JPY: This currency pair is in a long-term uptrend on the 1-hour chart, and we are in a sideways movement in the short-term. The price faces strong resistance at 174.50. We could now correct to the 173.20 level, where we could bounce higher. As long as we are above the 172.70 level, we could look for long opportunities.

Source: MT4, FXstreet, OctaFX

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• Daily trading analysis of USD/CAD, AUD/USD and GBP/JPY
  
  USD/CAD: This currency pair is in a long-term rising trend channel on the 1-hour chart and we are in an ascending triangle in the short-term. Price is testing the upper line of the channel. Its breakout could trigger a test of the 1.3700 level. However, we could now correct to the 1.3600 level. As long as we are above the 1.3520 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, AUD/USD and USD/CHF
  
  USD/CAD: This currency pair is in a long-term uptrend on the 1-hour chart and we are in a short-term uptrend channel. Strong resistance is at 1.3820. We could correct towards the 1.3720 level before continuing the rise. As long as we are above the 1.3660 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, AUD/USD and USD/JPY
  
  USD/CAD: This currency pair is in a long-term downtrend channel on the 1-hour chart and we are in an uptrend in the short-term. The price has bounced off the 1.3270 support and is consolidating at the 1.3350 resistance and we could rise to the 1.3380 level and then decline again. As long as we are below the 1.3430 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and EUR/JPY
  
  USD/CAD: This currency pair is in a long-term downtrend on the 1-hour chart and we are in an uptrend in the short-term. The price is consolidating at the key level of 1.3450 and a clear break of it would open the way to the 1.3400-1.3380 area. We could now trade to the side with a slight preponderance of sellers. As long as we are below the 1.3530 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and EUR/JPY
  
  USD/CAD: This currency pair is in a long-term downtrend channel on the 1-hour chart and we are in a tight range in the short-term. The price is consolidating in the 1.3400 – 1.3450 range. We could now rally to the upper channel line at 1.3450 where selling pressure could mount. As long as we are below the 1.3450 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and EUR/JPY
  
  USD/CAD: This currency pair is in a long-term sideways movement on the 1-hour chart and we are in an uptrend in the short-term. The price has broken the trend line and we could rise towards the 1.3560 level. We could now correct to the 1.3500 level and then move higher. As long as we are above the 1.3480 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and GBP/JPY
  
  USD/CAD: This currency pair has broken an important support on the 1-hour chart, breaking a long-term uptrend. We could now correct to the 1.3570 level and then decline to the 1.3530 level.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and GBP/JPY
  
  USD/CAD: This currency pair is in a long-term uptrend on the 1-hour chart and we are in a short-term uptrend channel. The price faces strong resistance at 1.3610. We could now correct to the 1.3540 level where we could bounce back higher. As long as we are above the 1.3520 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and GBP/JPY
  
  USD/CAD: This currency pair is in a long-term downtrend on the 1-hour chart and we are in an uptrend channel in the short-term. Price bounced back from 1.3340 but bullish momentum is fading. We could now test the 1.3450 resistance and then decline further. As long as we are below the 1.3530 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, AUD/USD, EUR/USD and GBP/JPY
  
  USD/CAD: This currency pair is in a long-term downtrend on the 1-hour chart and we are in an uptrend in the short-term. The price found support at 1.3450. We could now correct to the descending trend line at 1.3530 and then lower again. As long as we are below the 1.3530 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term downtrend channel on the 1-hour chart and we are in a short-term downtrend. Price is forming a bearish flag after yesterday’s strong bearish impulse. After a possible correction to 1.3350, the target is the level of 1.3250. As long as we are below the 1.3390 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term uptrend on the 1-hour chart and we are in a short-term downtrend channel. The price has broken the rising trend line and is trading sideways. We found support around 1.3600, but the bounce was weak. We expect growth and testing of the upper line of the channel, where selling pressure would likely increase again. As long as we are above the 1.3560 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair on the 1-hour chart in a long-term uptrend and short-term we are in an uptrend channel. The price found support at 1.3580 and we could rebound to the 1.3620 level. Then the bullish momentum could weaken and we probably won’t reach the 1.3640 level. We could correct to support and trade sideways. As long as we are above the 1.3550 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term descending wedge on the 1-hour chart and we are in a symmetrical triangle in the short-term. A bearish triangle formation could form. The price could reach the 1.3400 level and then decline again. A break below and a test of the 1.3360 level is likely. As long as we are below the 1.3480 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term downtrend on the 1-hour chart and we are in an uptrend channel in the short-term. The price dropped from the 1.3520 level and the bearish momentum continues. We could correct to the descending trend line before another possible decline. As long as we are below the 1.3520 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term descending wedge on the 1-hour chart and we are in a descending trend channel in the short-term. The price bounced off the 1.3300 support and faces strong resistance at 1.3350. If we don’t break the downtrend line, we will probably go down to the previous lows. As long as we are below the 1.3430 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, Bitcoin and GBP/USD
  
  USD/CAD: This currency pair is in a long-term downtrend channel on the 1-hour chart and we are in an uptrend in the short-term. The price is at the important resistance of 1.3615. The support level is at the upper line of the trend channel. We could briefly break above, but then a decline to the 1.3575 level is likely. As long as we are below the 1.3650 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, EUR/JPY and AUD/USD
  
  USD/CAD: This currency pair is in a long-term rising wedge on the 1-hour chart and we are in an uptrend in the short-term. Strong resistance is at 1.3560. As long as we are above 1.3520, we could try to break through the resistance and test the 1.3600 level. As long as we are above the 1.3480 level, we could look for long opportunities.
• Daily trading analysis of USD/CAD, EUR/JPY and AUD/USD
  
  USD/CAD: This currency pair is in a long-term sideways movement on the 1-hour chart and we are in an uptrend in the short-term. The price is consolidating at the trendline around 1.3340. We could now trade sideways and possibly rise to the 1.3410 resistance where selling pressure could mount. As long as we are below the 1.3410 level, we could look for short opportunities.
• Daily trading analysis of USD/CAD, EUR/JPY and AUD/USD
  
  USD/CAD: This currency pair is in a long-term downtrend on the 1-hour chart and we are in an uptrend channel in the short-term. The price bounced off the descending trend line at 1.3470. Now we could break the 1.3410 support and further decline. As long as we are below the 1.3470 level, we could look for short opportunities.