USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714. As long as the price is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2740 area. On the downside, a clear break below the trend line support could bring … Continue reading "USDCAD Daily Analysis – August 8, 2017"
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Monday 7 August 2017
USDJPY Daily Analysis – August 8, 2017 Forex Analysis
USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and further decline to 109.00 area could be expected after the consolidation. On the upside, a clear break above … Continue reading "USDJPY Daily Analysis – August 8, 2017"
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For more short term forex analysis and info visit via USDJPY Daily Analysis – August 8, 2017 . Thanks for your support.
AUDUSD Daily Analysis – August 8, 2017 Forex Analysis
AUDUSD is facing 0.7875 key support. A breakdown below this level will indicate that the uptrend from 0.7571 had completed at 0.8065 already, then the following correction pullback could bring price back into 0.7750 zone. However, as long as 0.7875 support holds, the fall from 0.8065 could be treated as consolidation of the uptrend, another … Continue reading "AUDUSD Daily Analysis – August 8, 2017"
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – August 8, 2017 . Thanks for your support.
GBPUSD Daily Analysis – August 8, 2017 Forex Analysis
GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the following bearish movement could bring price to test 1.2811 key support. On the upside, as long as the … Continue reading "GBPUSD Daily Analysis – August 8, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – August 8, 2017 . Thanks for your support.
EURUSD Daily Analysis – August 8, 2017 Forex Analysis
EURUSD stays in a bullish price channel on its 4-hour chart, indicating that the pair 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. The key support is at 1.1728, only a breakdown below … Continue reading "EURUSD Daily Analysis – August 8, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – August 8, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – August 8, 2017 . Thanks for your support.
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