EURGBP Bullish trend

                                                   Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1062	1.1096	1.1151	1.1185	1.1240	1.1274	1.1329
GBP/USD	1.5279	1.5313	1.5341	1.5375	1.5403	1.5437	1.5465
USD/JPY	118.34	119.06	119.78	120.50	121.22	121.94	122.66
USD/CHF	0.9583	0.9647	0.9698	0.9762	0.9813	0.9877	0.9928
AUD/USD	0.6915	0.6958	0.6988	0.7031	0.7061	0.7104	0.7134
EUR/GBP	0.7191	0.7214	0.7253	0.7276	0.7315	0.7338	0.7377
USD/CAD	1.3073	1.3112	1.3184	1.3223	1.3295	1.3334	1.3406
NZD/USD	0.6239	0.6286	0.6342	0.6389	0.6445	0.6492	0.6548

EURGBP- The secondary trend of EURGBP is sideways on charts. In its hourly chart, the pair is forming a falling channel indicating to trade upside further. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 DMA is also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 0.7330. If it breaks its resistance level of 0.7330 at upside and sustains above it then we can expect it to show further upside movement.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

STRATEGY: EURGBP is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

USDCAD forecast

The primary trend of USDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.2270. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 1.2275 at upside then we can expect it to test the level of 1.2320/1.2370.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- USDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

NZD/USD Bearish on charts

The primary trend of NZD/USD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating below its falling trend line. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 0.7480 at upside then we can expect it to test the level of 0.7535/0.7565.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

STRATEGY:- NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0637	1.0677	1.0721	1.0761	1.0805	1.0845	1.0889
GBP/USD	1.4613	1.4675	1.4749	1.4811	1.4885	1.4947	1.5021
USD/JPY	118.40	118.90	119.34	119.84	120.28	120.78	121.22
USD/CHF	0.9517	0.9578	0.9623	0.9684	0.9729	0.9790	0.9835
AUD/USD	0.7479	0.7529	0.7565	0.7615	0.7651	0.7701	0.7737
EUR/GBP	0.7154	0.7191	0.7226	0.7263	0.7298	0.7335	0.7370
USD/CAD	1.2420	1.2496	1.2559	1.2635	1.2698	1.2774	1.2837
NZD/USD	0.7292	0.7341	0.7396	0.7445	0.7500	0.7549	0.7604

USD/JPY forecast

The USDJPY had a very strong session on yesterday, slicing through the 120 level during US trading. With that, the market looks very bullish and if we can break above the top of the range for the session on Monday, we are more than willing to start buying and aiming for the 122 level. Any pullback at this point of time should find buying pressure, as the 119 level looks to be very supportive.We believe that this market will continue to go much higher, probably heading to the 125 level.

GBP/NZD bearish on charts

The primary trend of GBP/NZD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.9650. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 1.9650 at upside then we can expect it to test the level of 1.9700/1.9750.

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INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- GBP/NZD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0611	1.0733	1.0808	1.0930	1.1005	1.1127	1.1202
GBP/USD	1.4581	1.4693	1.4771	1.4883	1.4961	1.5073	1.5151
USD/JPY	117.18	117.74	118.47	119.03	119.76	120.32	121.05
USD/CHF	0.9346	0.9415	0.9522	0.9591	0.9698	0.9767	0.9874
AUD/USD	0.7700	0.7749	0.7788	0.7837	0.7876	0.7925	0.7964
EUR/GBP	0.7233	0.7275	0.7302	0.7344	0.7371	0.7413	0.7440
USD/CAD	1.2288	1.2347	1.2415	1.2474	1.2542	1.2601	1.2669
NZD/USD	0.7431	0.7491	0.7545	0.7605	0.7659	0.7719	0.7773

AUD/CAD sustaining on higher levels

The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels and consolidating with a strong positive bias. In its 4 hourly chart the pair is taking support 200 and 30 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9812 it can come up to the levels of 0.9880/0.9930 in today’s trading session.

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INDICATORS:-RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line has crossed the zero line , indicating the up trend in the market.

STRATEGY:- AUD/CAD is sustaining on higher levels & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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USD/JPY

The USDJPY broke down during the session on yesterday, we trace in all of the gains for Monday. This market has broken out to the upside above the 120 level. Because of this, we are looking for short-term supportive candles in order to go long, and we think that we can enter with a longer-term buy-and-hold perspective. We have no interest in selling as the US dollar is the favored currency around the world right now. With that, we are very bullish.

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NZD/USD

The NZDUSD broke down a little bit during the session on yesterday, as the New Zealand Dollar continues to lose strength. With that, we are bearish of this marketplace, and recognize that it will more than likely to continue to be one that can be sold every time it rallies. We believe that the 0.70 level is the longer-term target, and that there is a significant resistance barrier somewhere near the 0.7650 level. We have no interest in buying it and look at rallies as selling opportunities, as it represent value in the US dollar.

Friends Life | Trend sideways

London stocks slips from record high after Greece uncertanity arises which lead index to fall from all-time highs on Wednesday as investors scaled back their appetite for risk after a rally the previous session.In economic data on Wednesday, the British Banker's Association reported that UK mortgage approvals increased more than expected in January.

RECOMMENDATION SELL

TARGET 408

The Major trend of Friends Life Group Limited Plc is sideways and it is showing strength for selling . If it moves below the support then one can initiate the short position in the stock. If it breaks the level of 413.50 downside then it can show downside movement for the target of 408 with the stop loss of 417.80.

  CHART FORMATION:-Live chart shows that it is trading near its support and breaking below that support trendline will lead to selling in the chart. Crossing the support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 44.31 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

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EUR/USD| WEAK ON CHARTS

                                               Forex Trading Signals

            

The major trend of EUR/USD is bearish, but from past 2-3 weeks, it has shown some profit booking, but again prices are not sustaining on higher levels & consolidating with a strong negative bias. In it s 4 hourly chart prices are sustaining on a rising trendline & taking resistaince from 30 & 200 DMA. 

For few upcoming session we can expect downside movememnt in the pair. For today if EUR/USD breaks 1.1320 we can expect it to come down to the levels of 1.1275/1.1230Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in selling territory supporting downside movement in the pair. MACD line has recently break the zero line downside, indicating the further bearishness in the market.

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STRATEGY :- EUR/USD is looking weak on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

                                      Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1234	1.1294	1.1330	1.1390	1.1426	1.1486	1.1522
GBP/USD	1.5323	1.5362	1.5388	1.5427	1.5453	1.5492	1.5518
USD/JPY	117.79	118.12	118.53	118.86	119.27	119.60	120.01
USD/CHF	0.9294	0.9336	0.9416	0.9458	0.9538	0.9580	0.9660
AUD/USD	0.7663	0.7709	0.7751	0.7797	0.7839	0.7885	0.7927
EUR/GBP	0.7297	0.7326	0.7351	0.7380	0.7405	0.7434	0.7459
USD/CAD	1.2319	1.2375	1.2436	1.2492	1.2553	1.2609	1.2670
NZD/USD	0.7418	0.7461	0.7490	0.7533	0.7562	0.7605	0.7634

FOREX Market - EUR/USD

The major trend of EUR/USD is bearish, but prices are not sustaining at lower levels, we can expect a short term recovery in the pair for next few trading session. Today if the pair breaks the important level of 1.1365 at upside then we can expect it to test the level of 1.1395/1.1430. Prices are taking support of 30 SMA & can come up to test the falling trendline.

RSI is also sustaining in buying territory supporting the ongoing trend. MACD line is to break the zero line,indicating the up trend in the market.

STRATEGY :- EUR/USD is not sustaining at lower level & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1185	1.1227	1.1276	1.1318	1.1367	1.1409	1.1458
GBP/USD	1.5110	1.5154	1.5184	1.5228	1.5258	1.5302	1.5332
USD/JPY	117.35	117.83	118.24	118.72	119.13	119.61	120.02
USD/CHF	0.9097	0.9145	0.9191	0.9239	0.9285	0.9333	0.9379
AUD/USD	0.7657	0.7701	0.7752	0.7796	0.7847	0.7891	0.7942
EUR/GBP	0.7364	0.7387	0.7414	0.7437	0.7464	0.7487	0.7514
USD/CAD	1.2293	1.2359	1.2414	1.2480	1.2535	1.2601	1.2656
NZD/USD	0.7221	0.7271	0.7341	0.7391	0.7461	0.7511	0.7581