AUDUSD Daily Analysis – August 9, 2017
AUDUSD broke below 0.7875 support and is now in downtrend from 0.8065. Near term resistance is at the falling trend line on the 4-hour chart. As long as the pair is below the trend line, the downtrend...
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GBPUSD Daily Analysis – August 9, 2017
GBPUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the uptrend from 1.2589 had completed at 1.3267 already. Further decline could be expected and next target would be...
EURUSD Daily Analysis – August 9, 2017
EURUSD broke below the key support level at 1.1728, indicating that the bullish movement from 1.1312 had completed at 1.1909 already. Further decline could be expected and the target would be at the bottom support trend line...
USDCNH Extended Its Bearish Move To 6.7006
USDCNH extended its bearish movement from 6.9867 to as low as 6.7006, breaking below the bottom support trend of the price channel at 6.7740 on its weekly chart, suggesting that the long term uptrend from the January...
USD/JPY Forecast August 8, 2017, Technical Analysis
The US dollar softened a bit at the beginning of the session on Monday, but then turned to the upside yet again. It looks as we are going to challenge the 111 handle, and I do believe...
USD/CAD Forecast August 8, 2017, Technical Analysis
The US dollar has rallied significantly against the Canadian dollar over the last couple of sessions, but has run into a bit of noise at the 1.27 level. I believe this is minor, as there is much...
GBP/USD Forecast August 8, 2017, Technical Analysis
The British pound went sideways during most of the session on Monday, but did dip a little bit as the Americans came on board. It looks as if we are going to test the 1.30 level underneath,...
EUR/USD Forecast August 8, 2017, Technical Analysis
The EUR/USD pair had a little bit of volatility during the day on Monday, with a slightly upward bias. However, this is a market that has sold off rather drastically after the jobs figure, and I expect...
AUD/USD Forecast August 8, 2017, Technical Analysis
The Aussie dollar rolled over a bit during the early Monday session, as the 0.7950 level has offered a bit too much in the way of resistance. Interestingly enough, it is roughly the 50% Fibonacci retracement level...
USDCHF Descending Channel (Aug 08, 2017)
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...