EURUSD Daily Analysis – July 31, 2017
EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would...
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USDCAD Weekly Analysis – July 30, 2017
USDCAD extended its bearish movement from 1.3793 to as low as 1.2413, and broke below 1.2460 (the May 2016 low) support, suggesting that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline...
USDJPY Weekly Analysis – July 30, 2017
USDJPY formed sideways movement in a trading range between 108.13 and 115.50 for several months. Another fall to retest 108.13 support would likely be seen, and a breakdown below this level signal resumption of the downtrend from...
AUDUSD Weekly Analysis – July 30, 2017
AUDUSD’s bullish movement from 0.7328 extended to as high as 0.8065. Near term support is at 0.7875, as long as the price is above this level, the bullish movement could be expected to continue and next target...
GBPUSD Weekly Analysis – July 30, 2017
GBPUSD’s upside movement from 1.2589 extended to as high as 1.3158. Further rise could be expected and next target would be at 1.3500 area. Near term support is at 1.2811, only a breakdown below this level could...
EURUSD Weekly Analysis – July 30, 2017
EURUSD extended its bullish movement from 1.0569 to as high as 1.1776. As long as the pair is above the bullish trend line on the daily chart, the uptrend could be expected to continue and next target...
USD/JPY Forecast July 31, 2017, Technical Analysis
The USD/JPY pair fell a bit during the day at the open on Friday, but then bounced again, only to find sellers again. The market looks as if it is going to test the 110.50 level, which...
USD/CAD Forecast July 31, 2017, Technical Analysis
The US dollar was initially stable against the Canadian dollar during the trading session on Friday, but as the GDP numbers came out from both countries, the Canadian GP was a bit stronger. This sent the market...
GBP/USD Forecast July 31, 2017, Technical Analysis
The British pound went sideways during most of the session, but then shot to the upside as the Americans came back to work. Lately, the American seem to be much more bullish of European currencies than the...
EUR/USD Forecast July 31, 2017, Technical Analysis
The EUR/USD pair went higher during the day, it is grinding over the longer term. It looks as if the market is testing the 1.1750 level, and a break above there should send this market much higher....