USDCAD stays below a bearish trend line on the 4-hour chart and remains in downtrend from 1.3347. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.2200 area. Only a clear break above the trend line resistance could signal completion of … Continue reading "USDCAD Daily Analysis – July 31, 2017"
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Sunday 30 July 2017
USDJPY Daily Analysis – July 31, 2017 Forex Analysis
USDJPY broke below 110.62 support and continued its bearish movement from 114.49. Further decline could be expected and next target would be at 109.00 area. Key resistance is now at 112.19, only break above this level could trigger another rise towards 115.50.
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AUDUSD Daily Analysis – July 31, 2017 Forex Analysis
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8150 area. Only a breakdown below 0.7875 support could signal completion of the uptrend.
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – July 31, 2017 . Thanks for your support.
GBPUSD Daily Analysis – July 31, 2017 Forex Analysis
GBPUSD is in uptrend from 1.2932, the fall from 1.3158 could be treated as consolidation of the uptrend. Support is at the rising trend trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3300 area. Only a … Continue reading "GBPUSD Daily Analysis – July 31, 2017"
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EURUSD Daily Analysis – July 31, 2017 Forex Analysis
EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.1900 area. Key support is at 1.1613, only a breakdown below this level could signal completion … Continue reading "EURUSD Daily Analysis – July 31, 2017"
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