USDCAD is now in short term downtrend from 1.2778. Deeper decline to test 1.2413 support is possible in the coming days. A breakdown below this level will indicate that the downtrend from 1.3793 (May 5 high) has resumed, then next target would be at 1.2300 area. Resistance levels are at 1.2690 and 1.2778, only break … Continue reading "USDCAD Daily Analysis – August 21, 2017"
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Sunday 20 August 2017
USDJPY Daily Analysis – August 21, 2017 Forex Analysis
USDJPY broke below 108.73 support, indicating that the downtrend from 114.49 has resumed. Further decline to test 108.13 (Apr 17 low) support is possible in a couple of days. Key resistance is at 110.94, only break above this level could trigger another rise towards 115.50.
For more short term forex analysis and info visit via USDJPY Daily Analysis – August 21, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – August 21, 2017 . Thanks for your support.
AUDUSD Daily Analysis – August 21, 2017 Forex Analysis
AUDUSD is now in uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. A break of 0.7962 resistance will signal resumption of the uptrend, then next target would be at 0.8050 area. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.
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For more short term forex analysis and info visit via AUDUSD Daily Analysis – August 21, 2017 . Thanks for your support.
GBPUSD Daily Analysis – August 21, 2017 Forex Analysis
GBPUSD extended its downside movement to as low as 1.2831, facing the support at 1.2811. Near term resistance is at the top trend line of the price channel on its 4-hour chart, followed by 1.2915. As long as the channel resistance holds, the downside movement from 1.3267 could be expected to continue and next target … Continue reading "GBPUSD Daily Analysis – August 21, 2017"
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For more short term forex analysis and info visit via GBPUSD Daily Analysis – August 21, 2017 . Thanks for your support.
EURUSD Daily Analysis – August 21, 2017 Forex Analysis
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1909. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at the bottom support trend line of the price channel on its daily chart. On … Continue reading "EURUSD Daily Analysis – August 21, 2017"
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For more short term forex analysis and info visit via EURUSD Daily Analysis – August 21, 2017 . Thanks for your support.
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