USDCAD Daily Analysis – August 10, 2017 Forex Analysis

USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2721. Near term support is at the rising trend line on its 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2740 area. Key support is now at 1.2629, a … Continue reading "USDCAD Daily Analysis – August 10, 2017"

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USDJPY Daily Analysis – August 10, 2017 Forex Analysis

USDJPY’s downside movement extended to as low as 109.55. Further decline it still possible and next target would be at 109.00 area. Resistance is at the top trend line of the price channel on its 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.

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AUDUSD Daily Analysis – August 10, 2017 Forex Analysis

AUDUSD stays in a bearish trend line on its 4-hour chart and remains in the downtrend from 0.8065. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.7800 area. Only a clear break above the trend line resistance could trigger another rise … Continue reading "AUDUSD Daily Analysis – August 10, 2017"

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GBPUSD Daily Analysis – August 10, 2017 Forex Analysis

GBPUSD’s fall from 1.3267 extended to as low as 1.2952. Deeper decline to test 1.2932 support is possible, a breakdown below this level could take price into 1.2850 zone. Near term resistance is at 1.3060, only move above this level will indicate that a short term bottom had been formed at 1.2952, then the correction … Continue reading "GBPUSD Daily Analysis – August 10, 2017"

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EURUSD Daily Analysis – August 10, 2017 Forex Analysis

EURUSD is now in the downtrend from 1.1909. Further decline could be expected after a minor consolidation and next target would be at the bottom support trend line of the price channel on its daily chart, now at around 1.1515. Resistance levels are at 1.1825 and 1.1909, only break above these levels could trigger another … Continue reading "EURUSD Daily Analysis – August 10, 2017"

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