Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
EUR/USD, USD/CAD, USDJPY & More: USD Charts for Next Week

EUR/USD, USD/CAD, USDJPY & More: USD Charts for Next Week

What's on this page

Technical Outlook:

  • EUR/USD pressing long-term support
  • USD/CAD currently at a cross-road
  • USD/JPY contracting range suggest breakout soon

EUR/USD is working its way lower towards the important March low which was the first true attempt at breaking the 1985 to present trend-line. If last month’s low at 10635 breaks then we could quickly see the January 2017 low at 10340, parity, and worse. There is time for EUR/USD to strengthen and turn it around but the clock looks about ready to run out. Next week could be important.

Top Trading Lessons
Top Trading Lessons
Recommended by Paul Robinson
Start correcting trading mistakes today.
Get My Guide

EUR/USD Daily Chart (March low important around LT T-line)

EUR/USD daily chart

EUR/USD Charts by TradingView

USD/CAD is weakening after tagging resistance over 14200, but could still be working on a broader base after coming out of the channel from the March high. A breakdown below 13996 would not be good though and likely lead to a leg lower. A strong break above 14265 on the hand should get USD/CAD back higher again towards the 14600 area.

USD/CAD 4-hr chart (could be basing, levels to watch)

Please add a description for the image.

USD/CAD Chart by TradingView

USD/JPY price action has died out considerably lately, which as a result has a descending wedge starting to come into visibility. The big level to watch here on the downside is 10692. A break below should have the pair rolling lower towards the 10400-area, possibly worse. A break higher may be a bit more challenging as a trade, with the 200-day just above and price moving against the recent sag in price action.

USD/JPY 4-hr chart (descending wedge in the works)

USD/JPY 4-hr price chart

USD/JPY Chart by TradingView

For all the charts we looked at, check out the video above…

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.