Forex Daily Forecast Aug 15 2019

EURUSD: Faces Pullback Threats! GBPUSD: Bearish Despite Recovery Attempts. USDJPY Outlook Remains Neutral! AUDUSD: Limited Recovery Below 0.6830 Levels...USDCAD: Bullish Eyes Further Upside!

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EURUSD: Faces Pullback Threats!

As long as 1.1170/1.1218 resistance holds on a daily closing basis. The EURUSD remains in a pullback mode and further down could be seen to 1.1100/1.1075 levels. A halt is likely, it may test 1.1135 before another leg down. Anyway; below 1.1075 aims the 1.1015 levels. Next support comes at 1.0975 levels ahead of 1.0930 levels.

On the upside, above 1.1218 paves the way to 1.1255/1.1282 levels. It may turn down from here. However; above that level will extend the recovery to 1.1333/1.1369 levels.

In conclusion: The EURUSD sees corrective pullback threats below 1.1218/1.1170 levels.

Support: 1.1135, 1.1100, 1.1075, 1.1015, 1.0975. 1.0930

Resistance: 1.1170, 1.1218, 1.1282, 1.1333, 1.1369, 1.1410

Forex Daily Forecast Aug 15 2019-EURUSDGBPUSD: Bearish Despite Recovery Attempts

As long as 1.2105 resistance holds on a daily closing basis. The GBPUSD remains on the downside. Support comes at 1.2050 ahead of 1.2000 (main). A halt is likely, but a cut would open 1.1950. Furthermore, support comes at 1.1900 levels ahead of the 1.1850/1.1800 levels.

On the upside, resistance comes at 1.2105 levels (Yesterday’s high). A sustained breakout -daily closing- above 1.2105 will put the pair in the recovery mode, and turn the focus on the 1.2160/1.2220 levels before another fall.

In conclusion: The GBPUSD remains exposed to the downside below 1.2105 levels. Above that level sees recovery threats to 1.2160/1.2220 levels.

Support: 1.2050, 1.2000, 1.1950, 1.1900, 1.1850, 1.1800

Resistance: 1.2105, 1.2160, 1.2220, 1.2285, 1.2370, 1.2480

Forex Daily Forecast Aug 15 2019-GBPUSDUSDJPY Outlook Remains Neutral!

The outlook in USDJPY has turned neutral at the moment. Support comes at 105.02 levels while resistance comes at 106.96 levels. On the upside, above 106.96 will bring limited gains to 107.50 levels. A halt is very likely, it may turn lower from here. Anyway; above 107.50 will extend the recovery move to 108.15 ahead of 108.90 levels.

Alternatively; a failure to break and hold above 106.96 could mean a return to 106.00 level, next support comes at 105.50 levels. Below that level would challenge 105.00 levels.

In conclusion: The USDJPY sees sideways move with a potential to test 107.50 before the next falling.

Support: 106.50, 106.00, 105.50, 105.00, 104.60, 103.90

Resistance:106.96, 107.50, 108.15, 108.90, 109.60

Forex Daily Forecast Aug 15 2019-USDJPYAUDUSD: Limited Recovery Below 0.6830 Levels…

As long as 06830 resistance holds on a daily closing basis. The AUDUSD remains on the downside to 0.6755 levels ahead of 0.6675 levels. Above 0.6830 will extend the corrective recovery to 0.6900 levels before another falling.

Support: 0.6755, 0.6675, 0.6580, 06510, 0.6430

Resistance: 0.6830, 0.6900, 0.6955, 0.7000, 0.7080

Forex Daily Forecast Aug 15 2019-AUDUSDUSDCAD: Bullish Eyes Further Upside!

As long as 1.3200/1.3220 support holds on a daily closing basis. The USDCAD remains on the upside to 1.3350 levels. A halt is likely, it may test 1.3317 before attempts to break above 1.3350. Anyway, next resistance comes at 1.3410 levels ahead of 1.3487 level.

On the downside, support comes at 1.3290 ahead of 1.3220/1.3200 (main). Below that level sees a fall risk to 1.3115 levels.

In conclusion: the USDCAD sees upside threats above 1.3200/1.3290 levels.

Support: 1.3290, 1.3200, 1.3115, 1.3055, 1.3015, 1.2930, 1.2862

Resistance: 1.3317, 1.3350, 1.3410, 1.3487, 1.3550, 1.3617

Forex Daily Forecast Aug 15 2019-USDCAD

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