USDCAD Daily Analysis – August 17, 2017 Forex Analysis

USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already. Further decline to test 1.2413 previous low support is possible in the coming days. Resistance levels are at 1.2690 and 1.2778, only break above these levels could trigger another rise towards 1.2900.

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USDJPY Daily Analysis – August 17, 2017 Forex Analysis

USDJPY is in uptrend from 108.73, the fall from 110.94 could be treated as correction of the uptrend. Near term support is at 109.50, as long as this level holds, the uptrend could be expected to resume, and further rise to 112.00 area is still possible. Key support is at 108.73, only a breakdown below … Continue reading "USDJPY Daily Analysis – August 17, 2017"

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AUDUSD Daily Analysis – August 17, 2017 Forex Analysis

AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already. Further rally could be expected after a correction pullback and next target would be at 0.8000 area. Support levels are at 0.7875 and 0.7807, only break below these … Continue reading "AUDUSD Daily Analysis – August 17, 2017"

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GBPUSD Daily Analysis – August 17, 2017 Forex Analysis

GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750 area. On the upside, the pair is facing the bullish support trend line on the daily chart. As … Continue reading "GBPUSD Daily Analysis – August 17, 2017"

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EURUSD Daily Analysis – August 17, 2017 Forex Analysis

EURUSD rebounded strongly to 1.1790 area after touching the key support at 1.1689. However, another fall to test this support level is still possible, 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. Resistance is at 1.1909, … Continue reading "EURUSD Daily Analysis – August 17, 2017"

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