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.

  CLICK HERE FOR 3 DAYS FREE  TRIAL

                                    

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

AUD/CAD Trend

Australian Dollar Vs Canadian Dollar

The major trend of AUD/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 0.9652 then we can expect it to test the level of     0.9620 in today's session. 

For more tips ,click here

STRATEGY:-For Today AUD/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day positions.

                                               Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1377	1.1383	1.1390	1.1396	1.1403	1.1409	1.1416
GBP/USD	1.5356	1.5375	1.5389	1.5408	1.5422	1.5441	1.5455
USD/JPY	118.15	118.30	118.47	118.62	118.78	118.94	119.10
USD/CHF	0.9298	0.9306	0.9312	0.9320	0.9326	0.9334	0.9340
AUD/USD	0.7736	0.7747	0.7756	0.7767	0.7776	0.7787	0.7796
EUR/GBP	0.7376	0.7382	0.7391	0.7397	0.7406	0.7412	0.7421
USD/CAD	1.2429	1.2436	1.2445	1.2452	1.2461	1.2468	1.2477
NZD/USD	0.7454	0.7462	0.7470	0.7478	0.7486	0.7494	0.7502

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.