Forex Daily Forecast Aug 13 2019

EURUSD: Light Bullish Eyes On 1.1275 Levels With Caution! GBPUSD: Bearish Despite Recovery Attempts...USDJPY Outlook Remains Lower! AUDUSD: Consolidates With Downside Bias! USDCAD: Consolidates With Upside Bias!

EURO -Dollar -65989

EURUSD: Light Bullish Eyes On 1.1275 Levels With Caution!

The EURUSD remains in a recovery mode as long as 1.1162 broken resistance turned support holds on a daily closing basis. Resistance comes at 1.1218 levels. A daily closing above that level is needed to open 1.1282 levels. A halt is likely. It may test 1.1218 before attempts to break higher. Anyway; above 1.1282 will extend the corrective recovery to 1.1333/1.1369 levels.

Note: A sudden rise to 1.1280 levels couldn’t be ruled out. The pair may spike to this level before the next fall. Intraday trend is bullish above 1.1162 levels.

Alternatively, a failure to hold above the 1.1218 levels could mean a return to 1.1162 levels. It should turn higher from here. Anyway; below 1.1162 should weaken the recent recovery and turn the focus back on the 1.1100/1.1075 levels. Below that level will reverse risk to the downside to 1.1015 levels.

In conclusion: The EURUSD sees recovery threats above 1.1162 levels with caution. Below 1.1162 faces a fall risk to 1.1100/1.1075 levels before the next move.

Support: 1.1162, 1.1100, 1.1075, 1.1015, 1.0975. 1.0930

Resistance: 1.1218, 1.1282, 1.1333, 1.1369, 1.1410

Forex Daily Forecast Aug 13 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 13 2019-GBPUSDUSDJPY Outlook Remains Lower!

As long as 106.00 resistance holds on a daily closing basis. The USDJPY remains on the downside to 105.20 levels. A halt is likely, it may test 106.00 levels before attempts to break below 105.20 levels. However; below 105.20 aims the 104.60 levels. Furthermore, support comes at 103.90/103.15 levels.

On the upside, above 106.00 sees recovery threats to 106.65/107.25 levels where another fall is very likely.

In conclusion: The USDJPY remains on the downside below 106.00 levels.

Support: 105.20, 104.60, 103.90, 103.15, 102.55

Resistance:106.00, 106.60, 107.25, 107.70, 108.17, 108.75

Forex Daily Forecast Aug 13 2019-USDJPYAUDUSD: Consolidates With Downside Bias!

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 sees recovery threats to 0.6900 levels before another fall.

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 13 2019-AUDUSDUSDCAD: Consolidates With Upside Bias!

The outlook in USDCAD is neutral at the moment. Support comes at 1.3200 levels while resistance comes at 1.3400 levels. On the upside, above 1.3400 would challenge 1.3440 levels. A break will pave the way to 1.3410/1.3487 levels.

On the downside, below 1.3200 level will suggest short-term top and pave the way to 1.3115/1.3055 levels.

In conclusion: The USDCAD  sees a consolidation within 1.3200/1.3300 range before the next move. Below 1.3200 sees pullback threats to 1.3115/1.3055 levels.

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

Resistance: 1.3300, 1.3340, 1.3410, 1.3487, 1.3550, 1.3617

Forex Daily Forecast Aug 13 2019-USDCADvvvvvvvvvvv