USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue and next target would be at 1.2450 area. Only a clear break above the channel resistance could signal … Continue reading "USDCAD Daily Analysis – August 24, 2017"
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Wednesday 23 August 2017
USDJPY Daily Analysis – August 24, 2017 Forex Analysis
USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is at 109.82, above this level could take price to 110.60 area.
For more short term forex analysis and info visit via USDJPY Daily Analysis – August 24, 2017 . Thanks for your support.
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AUDUSD Daily Analysis – August 24, 2017 Forex Analysis
AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support levels are at 0.7870 and … Continue reading "AUDUSD Daily Analysis – August 24, 2017"
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GBPUSD Daily Analysis – August 24, 2017 Forex Analysis
GBPUSD moved below 1.2811 support and extended its downside movement to as low as 1.2779. Near term resistance is located at the top trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the downtrend from 1.3267 could be expected continue and next target would be … Continue reading "GBPUSD Daily Analysis – August 24, 2017"
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EURUSD Daily Analysis – August 24, 2017 Forex Analysis
EURUSD continued its sideways movement in a trading range between 1.1662 and 1.1909. As long as 1.1662 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further rise towards 1.2000 could be expected after the consolidation. On the downside, a breakdown below 1.1662 support will … Continue reading "EURUSD Daily Analysis – August 24, 2017"
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