USDCAD broke above the bearish trend line on its 4-hour chart and is now facing 1.2575 resistance. As long as this level holds, the price action in the trading range between 1.2413 and 1.2575 could be treated as consolidation of the downtrend from 1.3347, and further decline towards 1.2200 is still possible after the consolidation. … Continue reading "USDCAD Daily Analysis – August 2, 2017"
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Tuesday 1 August 2017
USDJPY Daily Analysis – August 2, 2017 Forex Analysis
USDJPY remains in downtrend from 112.19, the rise from 109.91 could be treated as consolidation of the downtrend. As long as 110.90 resistance holds, the downtrend could be expected to continue and next target would be at 109.00 area. Only a break above 110.90 resistance could bring price back into 111.60 zone.
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For more short term forex analysis and info visit via USDJPY Daily Analysis – August 2, 2017 . Thanks for your support.
AUDUSD Daily Analysis – August 2, 2017 Forex Analysis
AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571, and further rise towards 0.8150 is still possible after the consolidation. 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 – August 2, 2017 . Thanks for your support.
GBPUSD Daily Analysis – August 2, 2017 Forex Analysis
GBPUSD remains in the uptrend from 1.2932. Further rise is still possible and next target would be at 1.3300 area. Support is at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue. On the downside, a clear break below the trend line support could … Continue reading "GBPUSD Daily Analysis – August 2, 2017"
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EURUSD Daily Analysis – August 2, 2017 Forex Analysis
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the 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 1.2000 area. On the downside, the price had reached the top of the channel, pullback … Continue reading "EURUSD Daily Analysis – August 2, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – August 2, 2017 . Thanks for your support.
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