USDCAD stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 1.2460 area. On the upside, a clear break above the trend line resistance could … Continue reading "USDCAD Daily Analysis – August 22, 2017"
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Monday 21 August 2017
USDJPY Daily Analysis – August 22, 2017 Forex Analysis
USDJPY is in downtrend from 110.94, the bounce from 108.60 could be treated as consolidation of the downtrend. Resistance is at 109.59, as long as this level holds, the downtrend could be expected to continue and further decline to test 108.13 (Apr 17 low) support is possible. Only break above 109.59 resistance could bring price … Continue reading "USDJPY Daily Analysis – August 22, 2017"
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AUDUSD Daily Analysis – August 22, 2017 Forex Analysis
AUDUSD is facing 0.7962 resistance. A break above this level could signal resumption of the uptrend from 0.7807, then further rise to test 0.8065 resistance could be seen. 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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GBPUSD Daily Analysis – August 22, 2017 Forex Analysis
GBPUSD broke above the top trend line of the price channel on its 4-hour chart and is now facing 1.2915 resistance. A break of this level will indicate that the downside movement from 1.3267 had completed at 1.2831 already, then next target would be at 1.3000 area. On the downside, as long as 1.2915 resistance … Continue reading "GBPUSD Daily Analysis – August 22, 2017"
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EURUSD Daily Analysis – August 22, 2017 Forex Analysis
EURUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.1909 had completed at 1.1662 already. Further rise to test 1.1909 resistance is possible, a break out of this level could signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target … Continue reading "EURUSD Daily Analysis – August 22, 2017"
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