USDCAD’s bounce from 1.2413 extended to as high as 1.2618. Further rally could be expected in a couple of days and next target would be at 1.2690, followed by 1.2740. Support is at 1.2413, only a breakdown below this level could trigger another fall towards 1.2000.
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Thursday 3 August 2017
USDJPY Daily Analysis – August 4, 2017 Forex Analysis
USDJPY’s bearish movement from 114.49 extended to as low as 110.98. Resistance is at 110.98, as long as this level holds, the downside movement could be expected to continue and next target would be at 109.00 area. On the upside, a break of 110.98 resistance will indicate that the downtrend is complete, then the following … Continue reading "USDJPY Daily Analysis – August 4, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – August 4, 2017 . Thanks for your support.
AUDUSD Daily Analysis – August 4, 2017 Forex Analysis
AUDUSD stays in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7571 and another rise towards 0.8150 could be expected after the consolidation. Only a breakdown below 0.7875 support could signal completion of the … Continue reading "AUDUSD Daily Analysis – August 4, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – August 4, 2017 . Thanks for your support.
GBPUSD Daily Analysis – August 4, 2017 Forex Analysis
GBPUSD broke below the ascending trend line on its 4-hour chart, indicating that the short term uptrend from 1.2932 had completed at 1.3267 already. Deeper decline could be expected and next target would be at 1.3000 area. Resistance is at 1.3267, only a break of this level could trigger another rise towards 1.3500.
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – August 4, 2017 . Thanks for your support.
EURUSD Daily Analysis – August 4, 2017 Forex Analysis
EURUSD remains in the uptrend from 1.1312, the pullback from 1.1908 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be … Continue reading "EURUSD Daily Analysis – August 4, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – August 4, 2017 . Thanks for your support.
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