Forex trading signal-AUD/CAD

The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels & taking resistance of falling trend line & consolidating with a positive bias. In its hourly chart the pair is forming a falling channel which indicates the prices to show upside movement. 30 DMA is also acting as a support for the prices & can come up to test 200 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9720 it can come up to the levels of 0.9780/0.9820 in today’s trading session.

   

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RSI is sustaining in buying territory & indicating the positive side movement for the day.

In MACD, MACD line has crossed the zero line & supporting the upside movement for next few sessions.

STRATEGY:- AUD/CAD 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

FOREX Updates : Technical Levels For NZD/USD Today

The major trend of NZD/USD is bearish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 0.7435 at upside we can expect it to test the level of 0.7460 /0.7490. Prices are taking support of 30 SMA & can come up to test 200 SMA.

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

STRATEGY :- NZD/USD is looking further 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	1.1154	1.1228	1.1352	1.1426	1.1550	1.1624	1.1748
GBP/USD	1.5025	1.5093	1.5211	1.5279	1.5397	1.5465	1.5583
USD/JPY	116.53	116.76	117.15	117.38	117.77	118.00	118.39
USD/CHF	0.9068	0.9137	0.9175	0.9244	0.9282	0.9351	0.9389
AUD/USD	0.7648	0.7690	0.7744	0.7786	0.7840	0.7882	0.7936
EUR/GBP	0.7383	0.7414	0.7451	0.7482	0.7519	0.7550	0.7587
USD/CAD	1.2158	1.2274	1.2355	1.2471	1.2552	1.2668	1.2749
NZD/USD	0.7256	0.7298	0.7346	0.7388	0.7436	0.7478	0.7526

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FOREX Signal and Divergence Analysis of GBP/USD

FOREX Signal Today

GBP/USD Pair performed a U-turn in favor of the dollar and began the process of a drop in prices in the direction of the correctional level Fib 100.0% - 1.6319. Emerging divergence in none of the indicator is not observed. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the UK currency and continued growth in the direction of 161.8% Fib level- 1.7250. Securing quotes below the level of 100.0% correction will increase the likelihood of further fall in the direction of the next level of Fib 76.4%- 1.5968.

On the 4-hour chart has formed a bullish divergence, which leads us to expect a reversal in favor of the British currency and some growth in the direction of correction level 261.8% - 1.7289. Bullish divergence of the indicator CCI: last quotations below the previous low, and similar low indicator- higher than the previous. If quotes May 15 will be the last low divergence, it will be canceled, and depreciation will continue in the direction of the correctional level 200.0% - 1.6697. Securing the pair below the 200.0 % Fib increase the chances of a continued fall in the direction of the next level of correction.

Technical Analysis of EUR/JPY For Today

EUR/JPY Today

Bearish candlestick formation "Kharami" allowed the pair to perform a U-turn in favor of the Japanese currency and start falling towards 261.8% Fib level- 139.41. Education bullish candlestick formation allows traders to expect a reversal in favor of the euro and some growth in the direction of the correctional level 323.6% -150.07. Securing quotations below the 261.8% Fib increase the likelihood of further depreciation in the direction of the next correction level 200.0% -128.71. After the formation of a bearish candlestick formation "veil of dark clouds" on the 4-hour chart the pair performed a U-turn in favor of the Japanese yen and the beginning of the process of falling in the direction of the correctional level of 38.2%- 140.17. Bullish candlestick formation "Kharami" is not allowed to start a pair of growth and formation bearish "Kharami" allowed to continue to drop in prices. Formation of a new bullish formation allows traders May 7 count on a turn in favor of the euro currency pairs and some growth in the direction of the correctional level of 23.6% - 142.28.

USD/CHF Trend and FOREX Technical Levels

USD/CHF Today

USD/CHF Trend Today

USD/CHF continues to be bullish while taking support at 0.8788 which is also 23.6% FIBO level. Pair is trading at 0.8844 which is 38.2% FIBO level. If pair sustains above 0.8844, next resistance to look for is 0.8890, 0.8931. Key findamentals for today is Core Durable Goods Orders m/m to be announced at 12:30pm GMT

FOREX Technical Levels:

EUR/USD

Support Level are at 1.3665-1.3763 and Resistance levels are at 1.3861-1.3959 levels.

GBP/USD

Support Levels are 1.6426, 1.6454 and 1.6493 while a upper resistance levels are 1.6560, 1.6588 and 1.6627.

AUD/USD Today: FOREX Signals For 28th Jan 2014

AUD/USD Trend

Today FOREX Signal:
As we have suggest yesterday that AUD/USD will take a bullish trend AUD/USD had given perfect reversal after forming Double Bottom price pattern as per the analysis posted on Jan 27th,2014

Technical Trading Chart For EUR/JPY Today: 9th Jan.

EUR JPY Chart For Today

FOREX Suggestion for Today:

EUR/JPY is taking support at lower trendline. With JPY weakening across all the curencies, EUR/JPY is a good BUY above 143.300

Today's FOREX Signal: AUD/USD is in a Bullish Trend

Today's FOREX Signal

Today FOREX Signal: 

After 10 weeks of continues fall, AUD/USD has given a green signal. Bullish Englufing pattern observed in AUD/USD weekly chart. AUD/USD has opened bullish and is expected to remain bullish for the whole week.

Today's FOREX Events: