USDCAD Daily Analysis – August 29, 2017 Forex Analysis

USDCAD extended its short term downtrend from 1.2778 to as low as 1.2444, facing the previous low support at 1.2413. A breakdown below this level could signal resumption of the downtrend from 1.3793 (May 5 high), then next target would be at 1.2300, followed by 1.2050. Near term resistance is at the top trend line … Continue reading "USDCAD Daily Analysis – August 29, 2017"

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USDJPY Daily Analysis – August 29, 2017 Forex Analysis

After consolidation, USDJPY continued its downside movement from 114.49 and the fall extended to as low as 108.33. Further decline to test 108.13 (Apr 17 low) key support is still possible, a breakdown below this level could take price to 106.50 – 105.00 area. Resistance is at 109.84, only break above this level could trigger … Continue reading "USDJPY Daily Analysis – August 29, 2017"

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AUDUSD Daily Analysis – August 29, 2017 Forex Analysis

AUDUSD broke above 0.7962 resistance, indicating that the uptrend from 0.7807 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.8030 area. Support is at 0.7866, only a breakdown below this level could trigger another fall towards 0.7700.

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GBPUSD Daily Analysis – August 29, 2017 Forex Analysis

GBPUSD is now in uptrend from 1.2774. Further rise is still possible and next target would be at 1.3000 area. Near term support is at 1.2870, only a breakdown below this level will indicate that correction for the uptrend is underway, then deeper decline to 1.2830 area could be seen.

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EURUSD Daily Analysis – August 29, 2017 Forex Analysis

EURUSD remains in the uptrend from 1.1662. Further rise could be expected in a couple of days and next target would be at 1.2165 area. Near term support is at 1.1900, as long as this level holds, the uptrend will continue. Key support is at the bullish trend line on the 4-hour chart, only a … Continue reading "EURUSD Daily Analysis – August 29, 2017"

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