Forex Daily Forecast Jul 31 2019

EURUSD: Possible Rebound...GBPUSD: Outlook Remains Lower With Caution! USDJPY Bullish With Caution! AUDUSD: Around Support May Rebound Soon! USDCAD: Continues To Recover!

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Dollar -Yen-659896

EURUSD: Possible Rebound…

The Outlook in EURUSD is neutral with downside risk. Support comes at 1.1125 levels. A daily closing below that level is needed to prevent a return to the upside. Anyway, below 1.1125 aims the 1.1080 levels ahead of 1.1015 levels. Stability above 1.1125 may bring a sudden rise to the upside to 1.1218 levels.

Support:1.1125, 1.1080, 1.1015, 1.0975. 1.0930

Resistance: 1.1150, 1.1207, 1.1282, 1.1369

Forex Daily Forecast Jul 30 2019-EURUSDGBPUSD: Outlook Remains Lower With Caution!

As long as 1.2220 resistance holds on a daily closing basis. The GBPUSD remains on the downside to 1.2153/1.2108 levels ahead of 1.2085 levels. Above 1.2220 sees a recovery risk to 1.2285/1.2357 levels before another fall.

Support: 1.2220, 1.2153, 1.2085, 1.2000, 1.1900

Resistance: 1.2285, 1.2357, 1.2400, 1.2500, 1.2577

Forex Daily Forecast Jul 30 2019-GBPUSDUSDJPY Bullish With Caution!

As long as 108.03/107.70 support holds on a daily closing basis. The USDJPY remains on the upside to 109.17 levels. A halt is likely. It may top and reverse from here. Above 109.17 will open 109.60 ahead of 110.25 levels. A failure to hold above 108.75 could mean a return to 108.03/107.70 levels. Below that level sees a fall risk to 107.15/106.60 levels.

Support: 108.03, 107.70, 107.15, 106.60, 105.87, 105.32

Resistance: 108.75, 109.17, 109.60, 110.25, 110.70

Forex Daily Forecast Jul 30 2019-USDJPYAUDUSD: Around Support May Rebound Soon!

As long as 0.6920 -broken support turned resistance – holds on a daily closing basis. The AUDUSD remains on the downside to 0.6877/0.6835 levels. A halt is likely, it may rebound from here ( strong demand zone). Anyway; below that level aims the 0.6790 levels ahead of 0.6725 levels. Above 0.6920 sees recovery threats to 0.6948/0.6972 levels before another fall.

Support: 0.6877, 0.6835, 0.6790, 0.6725

Resistance: 0.6920, 0.6972, 0.7000, 0.7033

Forex Daily Forecast Jul 30 2019-AUDUSDUSDCAD: Continues To Recover!

As long as 1.3115 support holds on a daily closing basis. The USDCAD remains in a recovery mode and further upside could be seen 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 Jul 30 2019-USDCAD

 

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