USDCAD’s short term downtrend from 1.2778 extended to as low as 1.2505. As long as the price is in the falling price channel on the 4-hour chart, the downtrend could be expected to continue and deeper decline to test 1.2413 support is possible. On the upside, a clear break above the top trend line of … Continue reading "USDCAD Daily Analysis – August 25, 2017"
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Thursday 24 August 2017
USDJPY Daily Analysis – August 25, 2017 Forex Analysis
USDJPY moved sideways in a trading range between 108.60 and 109.82, and is now facing 109.82 resistance. A break of this level could bring price to 110.60 area. Support is at 108.60, below this level could trigger another fall to test 108.13 (Apr 17 low) support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – August 25, 2017 . Thanks for your support.
For more short term forex analysis and info visit via USDJPY Daily Analysis – August 25, 2017 . Thanks for your support.
AUDUSD Daily Analysis – August 25, 2017 Forex Analysis
No changed in our view, AUDUSD remains in the uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. Another rise to test 0.7962 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support is at 0.7807, only … Continue reading "AUDUSD Daily Analysis – August 25, 2017"
For more short term forex analysis and info visit via AUDUSD Daily Analysis – August 25, 2017 . Thanks for your support.
For more short term forex analysis and info visit via AUDUSD Daily Analysis – August 25, 2017 . Thanks for your support.
GBPUSD Daily Analysis – August 25, 2017 Forex Analysis
GBPUSD stays in a bearish price channel on its 4-hour chart and remains in the downtrend from 1.3267. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.2750 area. On the upside, a clear break above the channel resistance could bring … Continue reading "GBPUSD Daily Analysis – August 25, 2017"
For more short term forex analysis and info visit via GBPUSD Daily Analysis – August 25, 2017 . Thanks for your support.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – August 25, 2017 . Thanks for your support.
EURUSD Daily Analysis – August 25, 2017 Forex Analysis
EURUSD moved sideways in a trading range between 1.1662 and 1.1909. The sideways movement is likely consolidation of the uptrend from 1.0569 (Apr 10 low). As long as 1.1662 support holds, the uptrend could be expected to resume and further rise towards 1.2000 is possible. On the downside, a breakdown below 1.1662 support will indicate … Continue reading "EURUSD Daily Analysis – August 25, 2017"
For more short term forex analysis and info visit via EURUSD Daily Analysis – August 25, 2017 . Thanks for your support.
For more short term forex analysis and info visit via EURUSD Daily Analysis – August 25, 2017 . Thanks for your support.
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