USDCAD Daily Analysis – August 9, 2017 Forex Analysis

USDCAD stays above the rising trend line on its 4-hour chart and remains in uptrend from 1.2413. As long as the trend line support holds, the uptrend from 1.2413 could be expected to continue and next target would be at 1.2740 area. Key support is now at 1.2629, a breakdown below this level could bring … Continue reading "USDCAD Daily Analysis – August 9, 2017"

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USDJPY Daily Analysis – August 9, 2017 Forex Analysis

USDJPY failed to break out of the top trend line of the price channel on the 4-hour chart and is now facing 109.83 support. A breakdown below this level will indicate that the downtrend from 114.49 has resumed, then the following downside movement could bring price into 109.00 zone. Only a clear break above the … Continue reading "USDJPY Daily Analysis – August 9, 2017"

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AUDUSD Daily Analysis – August 9, 2017 Forex Analysis

AUDUSD broke below 0.7875 support and is now in downtrend from 0.8065. Near term resistance is at the falling trend line on the 4-hour chart. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800 area. Only a clear break above … Continue reading "AUDUSD Daily Analysis – August 9, 2017"

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GBPUSD Daily Analysis – August 9, 2017 Forex Analysis

GBPUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the uptrend from 1.2589 had completed at 1.3267 already. Further decline could be expected and next target would be at 1.2850 area. Resistance level is at 1.3120, as long as this level holds, the downtrend will continue.

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EURUSD Daily Analysis – August 9, 2017 Forex Analysis

EURUSD broke below the key support level at 1.1728, indicating that the bullish movement from 1.1312 had completed at 1.1909 already. Further decline could be expected and the target would be at the bottom support trend line of the price channel on its daily chart. Resistance levels are at 1.1825 and 1.1909, only break above … Continue reading "EURUSD Daily Analysis – August 9, 2017"

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