Showing posts with label FOREX Forecast Today. Show all posts
Showing posts with label FOREX Forecast Today. Show all posts

Tuesday 7 April 2015

GBP/AUD looking Bearish


GBP/AUD is trading in sideways trend and from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 and 200 DMA. Prices are also taking support at the important level of 1.9320. Today if the pair breaks its support level & manages to sustain below it, then we can expect it to test the level of 1.9250/1.9210 in today's session.
GBPAUD forecast
INDICATORS:-
MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

STRATEGY :- GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intraday to midterm positions.

Pivot Points
                                                 

S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.0604
1.0703
1.0759
1.0858
1.0914
1.1013
1.1069
GBP/USD
1.4640
1.4719
1.4764
1.4843
1.4888
1.4967
1.5012
USD/JPY
118.61
119.01
119.65
120.05
120.69
121.09
121.73
USD/CHF
0.9465
0.9509
0.9585
0.9629
0.9705
0.9749
0.9825
AUD/USD
0.7430
0.7502
0.7568
0.7640
0.7706
0.7778
0.7844
EUR/GBP
0.7203
0.7242
0.7273
0.7312
0.7343
0.7382
0.7413
USD/CAD
1.2391
1.2421
1.2464
1.2494
1.2537
1.2567
1.2610
NZD/USD
0.7384
0.7433
0.7463
0.7512
0.7542
0.7591
0.7621

Wednesday 19 February 2014

FOREX News and Forecast For Today: 19th Feb

FOREX News For Today
Australian dollar can be attributed to the normal deviation of a normal day. Australian dollar finished the Asian trading almost unchanged, although the beginning of the session of the Reserve Bank of Australia comments provoked its growth, which further weakened and gave way to decline. Next pair reached strong levels of support, from which then recovered slightly by the end of the day. On the day the fair price protection zones are located in areas VAL -0.9010 and VAH -0.9046. Control point POC was formed in 0.9035. 
From a practical perspective, that document has already reveled the new strategy being adopted by Mark Carney and company, limiting the Minutes’ market-moving potential. With that in mind, follow-through on any near-term volatility borne of subtle nuances in officials’ rhetoric may prove limited. January’s UK Jobless Claims data is likewise on tap, with a 20,000 decline expected.

Forecast for Today
During today's Asian session, the Australian dollar continued to weaken against the U.S. dollar on the back of weak fundamental data. The first resistance level for the AUD/USD now is the level of VAL from February 17 -0.9022 from which the couple may have to return to the test more than usual VAH from February 17 -0.9052 and POC on December 6, 2013 -0.9068. Securing above these levels can lead to the formation of a new upward trend in the area of 9 December VAL -0.9085, and then to the POC from December 11 -0.9107. The farthest goal is still the region POC from December 10 -0.9125.