Forex Daily Forecast Aug 10 2017

Majors -987456-min
A collection of major currencies...

EURUSD Pulls Back With Caution

As long as 1.1888 resistance holds on a daily closing basis, the EURUSD remains in a pullback mode and further down could be seen, but downside below 1.1888 should be contained well by the 1.1727/1.1670 levels where rebound is likely, below that level will extend the corrective pullback towards the 1.1477 levels…

On the upside, above 1.1888 will restore the upside momentum and extend gains towards the 1.1975 levels ahead of the 1.2085 levels, further upside resistance comes at the 1.2158/1.2212 levels…

Conclusion: The EURUSD continues to face pull back threats below the 1.1888 levels…


GBPUSD Bearish Eyes The 1.2933 levels…

As long as 1.3164 resistance holds on a daily closing basis, the GBPUSD remains on the downside towards the 1.3000 levels ahead of the 1.2933 levels, a halt likely but a cut would open 1.2870 levels followed by the 1.2793 levels. On the upside, resistance comes at the 1.3058 levels ahead of the 1.3164 levels (main), above that level sees a recovery risk to the 1.3246 levels where another fall is likely…


USDJPY Bearish Eyes The 109.10 Levels!

As long as 110.82/111.32 resistance holds on a daily closing basis, the USDJPY remains on the downside to the 109.10 levels, a cut through that level will accelerate the bearish move towards the 108.35 levels ahead of the 107.60. Above 111.32 sees a recovery risk to the 112.18 levels where another fall is likely…


XAUUSD Bullish With Risk To The 1295 Levels…

As long as 1258 support holds on a daily closing basis, the XAUUSD remains bullish with risk to the 1285 levels ahead of the 1295┬álevels, a halt is likely but a break would open 1305, further upside, resistance comes at the 1319┬álevels. Below 1258 sees a pullback threats to the 1239/1224 levels…


WTI Crude Oil Bullish With Risk To the 50.85 levels…

As long as 48.40 support holds on a daily closing basis, the WTI Oil remains on the upside to the 50.85 levels, a halt is likely but a break would open 52.30, further upside, resistance┬ácomes at the 54.00 levels…

On the downside, below 48.40 sees a pullback threats to the 46.60 levels before the next rising…

 

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