Forex Daily Forecast Aug 01 2019

EURUSD: Under Heavy Pressure! GBPUSD: Bearish But Around Long-Term Support! USDJPY Remains To The Upside...AUDUSD: Bearish But Around Strong Support Zone. USDCAD: Bullish Risk Builds On 1.3280 Levels.

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EURUSD: Under Heavy Pressure!

The Outlook in EURUSD remains on the downside as long as 1.1080 (broken support turned resistance) holds on a daily closing basis. Support comes at 1.1015/1.10975 levels. Above 1.1080 levels sees recovery threats to 1.1150 levels before another fall.

Support:1.1015, 1.0975. 1.0930, 1.0860, 1.0775

Resistance: 1.1080, 1.1150, 1.1207, 1.1282, 1.1369

Forex Daily Forecast Aug 01 2019-EURUSDGBPUSD: Bearish But Around Long-Term Support!

Note: A sustained breakout below 1.2142/1.2100 levels will bring a lower leg below 1.2000 levels. Stability above this level will suggest possible recovery to 1.2285/1.2357 levels before another fall…

As long as 1.2220 resistance holds on a daily closing basis. The GBPUSD remains on the downside to 1.2142/1.2100 levels. Above 1.2220 sees a recovery risk to 1.2285/1.2357 levels before another fall.

Support: 1.2142, 1.2100, 1.2000, 1.1900, 1.1800

Resistance: 1.2220, 1.2285, 1.2357, 1.2400, 1.2500, 1.2577

Forex Daily Forecast Aug 01 2019-GBPUSDUSDJPY Remains To The Upside…

The USDJPY remains on the upside as long as 108.75 support holds on a daily closing basis. Resistance comes at 109.17 levels. A halt is likely, it may turn lower from here. However; above 109.17 will extend gains to 109.60 levels ahead of 110.25 levels. Below 108.75 sees a pullback risk to 108.03/107.70 levels before another rise.

Support: 108.75, 108.03, 107.70, 107.15, 106.60, 105.87

Resistance: 109.17, 109.60, 110.25, 110.70, 111.20

Forex Daily Forecast Aug 01 2019-USDJPYAUDUSD: Bearish But Around Strong Support Zone

As long as 0.6870/0.6900 resistance holds on a daily closing basis. The AUDUSD remains on the downside to 0.6835 levels. A halt is likely. But a cut would open 0.6790/0.6725 levels. Above 0.6900 sees recovery threats to 0.6948/0.6975 levels.

Support: 0.6835, 0.6790, 0.6725, 0.6666

Resistance: 0.6870, 0.6900, 0.6948, 0.6975

Forex Daily Forecast Aug 01 2019-AUDUSDUSDCAD: Bullish Risk Builds On 1.3280 Levels.

As long as 1.3115 support holds on a daily closing basis. The USDCAD remains to the upside to 1.3188/1.3222 levels. Below 1.3115 sees fall risk to 1.3055/1.3015 levels.

Support: 1.3115, 1.3055, 1.3015, 1.2930

Resistance: 1.3188, 1.3222, 1.3280, 1.3340

Forex Daily Forecast Aug 01 2019-USDCAD

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