USDCAD Daily Analysis – August 11, 2017 Forex Analysis

USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752. As long as the price is above the bullish trend line on its 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2800 area. Key support is now at 1.2650, only a breakdown below this … Continue reading "USDCAD Daily Analysis – August 11, 2017"

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USDJPY Daily Analysis – August 11, 2017 Forex Analysis

USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target would be at 108.50 area. Only a clear break above the trend line resistance could signal completion of … Continue reading "USDJPY Daily Analysis – August 11, 2017"

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AUDUSD Daily Analysis – August 11, 2017 Forex Analysis

AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800 area. There … Continue reading "AUDUSD Daily Analysis – August 11, 2017"

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GBPUSD Daily Analysis – August 11, 2017 Forex Analysis

Being supported by 1.2932 low, GBPUSD rebounded from 1.2951, suggesting that a short term bottom is being formed on the 4-hour chart. A break above 1.3030 near term resistance could bring price back into 1.3120 zone. On the downside, as long as 1.3030 resistance holds, the downside movement from 1.3267 is possible to continue and … Continue reading "GBPUSD Daily Analysis – August 11, 2017"

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EURUSD Daily Analysis – August 11, 2017 Forex Analysis

EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.1909 had completed at 1.1689 already. Further rally could be expected in a couple of days and the target would be at 1.1850 area. On the downside, as long as 1.1909 resistance holds, another fall to test … Continue reading "EURUSD Daily Analysis – August 11, 2017"

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