Forex Daily Forecast Aug 30 2019

EURUSD: Bearish Eyes The 1.1015 Levels...GBPUSD: Under Pressure Faces Pullback Threats.USDJPY: Bullish Risk Builds Up On 107.30 Levels.AUDUSD Continues To Consolidate...USDCAD: Still Faces Pullback Threats...

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EURUSD: Bearish Eyes The 1.1015 Levels…

The EURUSD remains on the downside as long as trades below 1.1075/1.1097 resistance. Support comes at 1.1015 level. A halt is likely, it may test 1.1075/1.097 levels before attempts to break below 1.1015 levels. Anyway; below 1.1015 aims the 1.0975 levels. Furthermore, support comes at 1.0930 levels.

On the upside, immediate resistance comes at 1.1075/1.1097 levels. Above that level will release the bearish pressure and pave the way to 1.1170 levels. However; a break of 1.1170 will extend the corrective recovery to 1.1218/1.1282 levels…

In conclusion: The EURUSD continues to face downside pressure below 1.1097 levels with risk to fall to 1.1015 level. Above 1.1097 sees recovery threats to 1.1170 levels before another fall…

Support: 1.1015, 1.0975, 1.0930, 1.0860, 1.0812, 1.0765

Resistance: 1.1075, 1.1097, 1.1170, 1.1218, 1.1282, 1.1333

Forex Daily Forecast Aug 30 2019-EURUSDGBPUSD: Under Pressure Faces Pullback Threats

The GBPUSD remains in a pullback mode as long as trades below 1.2285/1.2215 levels on a daily closing basis and further down couldn’t be ruled out. Immediate support comes at 1.2166 levels. A halt is likely, it may test 1.2215 before attempts to break below 1.2166 levels. Anyway; below 1.2166 aims the 1.2117 levels. Furthermore, support comes at 1.2055/1.2000 levels.

On the upside, resistance comes at 1.2215 levels. A sustained breakout -daily closing- back above this level will bring limited recovery below 1.2285 levels. Anyway; a clear break above 1.2285 is needed to restore the upside momentum. Otherwise, the risk for a return to the downside will remain intact…

In conclusion: The GBPUSD continues to face pullback threats below 1.2285/1.2215 levels. Only a daily closing above that level will reverse risks to the upside to 1.2500 levels…

Support: 1.2166, 1.2116, 1.2055, 1.2000, 1.1900

Resistance:1.2215, 1.2285, 1.2350, 1.2380, 1.2450

Forex Daily Forecast Aug 30 2019-GBPUSDUSDJPY: Bullish Risk Builds Up On 107.30 Levels.

As long as 105.82 support holds on a daily closing basis. The USDJPY remains on the upside to 107.30 levels. A halt is likely, it may test 106.67 before attempts to break above 107.30 levels. Anyway; above 107.30 aims the 108.17 levels. Next resistance comes at 108.85 levels.

Considerations: a failure to hold above 106.67 level on a daily closing basis could mean a return to 105.30 levels…

On the downside, support comes at 105.32 levels. Below that level sees a fall risk to 105.00/104.45 levels before another rise…

In conclusion: The USDJPY sees upside threats above 105.30 levels with caution…

Support: 105.30, 105.00, 104.45, 103.95, 103.33, 102.90

Resistance: 106.67, 107.30, 108.17, 108.85, 109.50

Forex Daily Forecast Aug 30 2019-USDJPYAUDUSD Continues To Consolidate..

The AUDUSD is neutral at the moment. Support comes at 0.6720 levels while resistance comes at 0.6830 levels. On the downside, below 0.6720 level paves the way to 0.6660 levels. Next support comes around 0.6600 levels. On the upside. Above 0.6830 sees recovery threats to 0.6875 levels. Next resistance comes at 0.6925 levels.

Support: 0.6720, 0.6660, 0.6600, 0.6550, 0.6500, 0.6450

Resistance: 0.6780, 0.6830, 0.6875, 0.6930, 0.7000, 0.7045

Forex Daily Forecast Aug 30 2019-AUDUSDUSDCAD: Still Faces Pullback Threats…

As long as 1.3320/1.3350 resistance holds on a daily closing basis. The USDCAD remains in a pullback mode, and further down could be seen to 1.2740/1.2700 levels. A halt is likely, it may turn higher from here. Anyway, below 1.2700 will extend the corrective pullback to 1.3148/1.3115 levels. Furthermore, support comes at 1.3055 levels. On the upside, above 1.3350 will restore the upside momentum and pave the way to 1.3410/1.3487 levels…

Support:1.3240, 1.3200, 1.3148, 1.3115, 1.3055, 1.3015

Resistance: 1.3320, 1.3350, 1.3410, 1.3487, 1.3550, 1.3617

Forex Daily Forecast Aug 30 2019-USDCAD

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