USDCAD Daily Analysis – August 16, 2017 Forex Analysis

After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778. Key support is at 1.2650, as long as the price is above this level, the upside movement could be expected to continue and next target would be at 1.2850 area. On the downside, a breakdown below 1.2650 support … Continue reading "USDCAD Daily Analysis – August 16, 2017"

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USDJPY Daily Analysis – August 16, 2017 Forex Analysis

USDJPY broke above the bearish trend line on the 4-hour chart and is now in uptrend from 108.73. Further rise could be expected after a correction pullback and next target would be at 112.00 area. Near term support is at 110.25, below this level will indicate that correction for the uptrend is underway, then the … Continue reading "USDJPY Daily Analysis – August 16, 2017"

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AUDUSD Daily Analysis – August 16, 2017 Forex Analysis

AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at around 0.7700. Near term resistance is at the top trend line of the price channel on the 4-hour … Continue reading "AUDUSD Daily Analysis – August 16, 2017"

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GBPUSD Daily Analysis – August 16, 2017 Forex Analysis

GBPUSD extended its bearish movement from 1.3267 to as low as 1.2845, facing the bullish support trend line on the daily chart. A clear break below the trend line support could take price to next support level at around 1.2600. Resistance levels are at 1.2930 and 1.3030, as long as these levels hold, the downtrend … Continue reading "GBPUSD Daily Analysis – August 16, 2017"

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EURUSD Daily Analysis – August 16, 2017 Forex Analysis

EURUSD is facing 1.1689 support. A breakdown below this level will trigger another fall towards the bottom support trend line of the price channel on its daily chart, now at around 1.1560. On the other side, as long as 1.1689 support holds, the sideways consolidation in a trading range between 1.1689 and 1.1909 could be … Continue reading "EURUSD Daily Analysis – August 16, 2017"

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USDCAD Daily Analysis – August 15, 2017 Forex Analysis

USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance. A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside, a breakdown below 1.2650 level will indicate that the uptrend had completed at 1.2752 already, then the following … Continue reading "USDCAD Daily Analysis – August 15, 2017"

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USDJPY Daily Analysis – August 15, 2017 Forex Analysis

USDJPY moved above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 114.49 had completed at 108.73 already. Further rally would likely be seen after a correction pullback and next target would be at 111.00 area. Support levels are at 109.40 and 108.73, only break below these levels could trigger … Continue reading "USDJPY Daily Analysis – August 15, 2017"

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AUDUSD Daily Analysis – August 15, 2017 Forex Analysis

AUDUSD formed a sideways consolidation in a range between 0.7838 and 0.7918. As long as 0.7918 resistance holds, the downside movement from 0.8065 could be expected to continue and next target would be at the bullish trend line on its daily chart, now at around 0.7790. On the upside, a break above 0.7918 resistance will … Continue reading "AUDUSD Daily Analysis – August 15, 2017"

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GBPUSD Daily Analysis – August 15, 2017 Forex Analysis

GBPUSD moved sideways in a narrow range between 1.2939 and 1.3030. As long as 1.3030 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3267, and further decline towards the bullish support trend line on the daily chart is possible after the consolidation. On the upside, a break of 1.3030 … Continue reading "GBPUSD Daily Analysis – August 15, 2017"

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EURUSD Daily Analysis – August 15, 2017 Forex Analysis

EURUSD moved sideways in a trading range between 1.1689 and 1.1909. Support is at 1.1689, a breakdown below this level could bring price to the bottom support trend line of the price channel on its daily chart. Resistance is at 1.1909, only a break out of this level will indicate that the uptrend from 1.1118 … Continue reading "EURUSD Daily Analysis – August 15, 2017"

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