Showing posts with label FOREX Report. Show all posts
Showing posts with label FOREX Report. Show all posts

Thursday 12 February 2015

Bearish trend | AUD/USD


Waiting for price action to offer  opportunity down the road.     


  The major trend of AUD/USD is bearish, but from last few days it has shown profit booking in lower levels. In its hourly chart prices are sustaining below the falling trendline & consolidating with a positive bias. If the pair breaks the level of 0.7800 & sustains above it then we can expct it to test the level of 0.7840 in today's session.



STRATEGY:- For Today AUD/USD is looking strong on chart. We can expect positive side movement for few upcoming session. One can go for buy on dips strategy for this pair for intra day positions.

                                                         Technical Report



S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD 1.1207 1.1254 1.1329 1.1376 1.1451 1.1498 1.1573
GBP/USD 1.5047 1.5127 1.5256 1.5336 1.5465 1.5545 1.5674
USD/JPY 116.27 117.38 118.25 119.36 120.23 121.34 122.21
USD/CHF 0.9173 0.9212 0.9260 0.9299 0.9347 0.9386 0.9434
AUD/USD 0.7517 0.7579 0.7657 0.7719 0.7797 0.7859 0.7937
EUR/GBP 0.7281 0.7325 0.7368 0.7412 0.7455 0.7499 0.7542
USD/CAD 1.2200 1.2318 1.2412 1.2530 1.2624 1.2742 1.2836
NZD/USD 0.7154 0.7233 0.7330 0.7409 0.7506 0.7585
0.7682

Monday 13 January 2014

EUR/USD Technical Trend Today: FOREX News


After updating the minimum quarterly at the end of last week started a natural growth rate. To date, the course tests the day fault 0.8294-0.8286 , which is decisive for the further development of one of the models . When securing the above we can talk about the beginning of the ascending phase , the purpose of which will be weekly fault 0.8429-0.8419 . This pattern is not yet a major because at the test day faults observed increase proposal. If the stand area will be continued downward model that will aim to update the quarterly minimum 0.8230. Model reduction at the beginning of the week.

EUR / USD: We saw highs for the European currency during last Friday as a result of weakness and decline , which dominated the U.S. dollar after the jobs report , which came successfully the U.S. economy by creating 74 thousand jobs only from the previous month , which was 241 thousand resulting in a lower U.S. dollar against other currencies .

According to our expectations have touched the pair rising trend line shown above in white at levels of 1.3571 and then bounced back up to achieve more than a hundred points profit during today's session we expect to remain the pair fluctuated between the levels of 1.3605 and 1.3680 and expect to fall back towards the levels of 1.3605 and then rose again to see it through this week around 1.3731 levels , but the stabilization of the highest levels of 1.3660 the pair has paid the pair to rise directly .

The general trend of a medium-term : bullish
Key resistance levels : 1.3731 and 1.3812
Key support levels : 1.3605 and 1.3570

Sunday 12 January 2014

Forex: USD/CAD, EUR/GBP Technical Analysis For Today 13th Jan


Here is Daily technical Report for USD/CAD today-

  • Prices moved higher as expected, completing a Triangle chart formation
  • Closing above 1.0930 (61.8% Fib exp.) exposes 1.1011 (76.4% Fib exp.)
  • Reversing back below 1.0865 (50% Fib exp.) eyes 1.0799 (38.2% Fib exp.)
FOREX Chart
USD/CAD Chart
EUR/GBP Technical Analysis Report For Today-
  • Prices rose as expected, completing a Falling Wedge and a Morning Star candle pattern
  • Near-term resistance is now at 0.8319 (38.2% Fib); above that targets 0.8347 (50% Fib)
  • Back below 0.8285 (23.6% Fib) targets 0.8270 (Wedge top resistance-turned-support)