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. 

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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 Signals Today with EUR/JPY Technical Analysis

EUR/JPY Technical Analysis

Formed day golden cross, the pair continued moving to the past maximum 143.78, update and consolidate above which is the main objective on the way to the goal breakdown daytime clouds and clipping adjustment on a weekly half. Support from senior halftime now remained far below and is not very relevant

EUR/JPY H4 Formation

That's a cloud struck H4, have tested and advanced to the target, which is called non-stop, only limited support for short-term trend H4. See enough power to endure and fulfill the purpose of 100%. After working target levels can be formed and consolidation recoil movement. First support is now 143.16 (Tenkan H1), then the work will come 142.70-77 (Tenkan Kijun H4 + H1). Breakdown and fastening under the cross H1 and H4-term trends will lead to a deepening of the main reference is correct and in this case would be the Kijun H4, now it is located at 141.69 and enhanced daytime levels.

FOREX Signal For Today:

USD/CHF continues bearish trend taking resistance at level 0.8899. One can enter SHORT position if pair sustains below support level of 0.8782. Key fundamental to look for today is ADP Non-Farm Employment Change to be announced at 12:15pm GMT with forecast value 192K against previous 139K.

USD/CHF Today

FOREX Signal For Today: USD/CAD Bullish

At the senior schedule still there is an upward trend. The main purpose for the buyers still stands 1.18 resistance zone. Currently there is renewed upward movement of the support area 1.10. It is advisable to look for buy signals.

FOREX Signals Today

Daily data suggest that USD/CAD is in upward movement. You can see that the initial purpose for buyers perform resistance zone 1.14, the overcoming of which would open the way to a mark of 1.18. Protective pause point will at least 1,094 vibrations. Today, it is recommended to buy.

FOREX Signal For Today: AUD/USD chart

AUD/USD Chart

FOREX Signal Today:
Sharp increase in AUD/USD prices on RBA Rate statements. AUD/USD while forming reverse H&S, has increase 1.6%. Next resistance to look for is 0.8920 which is FIBO 23.6% level as well.

EUR/JPY Trend and FOREX Forecast For January 24

Browse by EUR/JPY and the forecast for January 24.

According to preliminary expectations, yesterday the pair worked price rise to the calculated resistance zones, providing those who follow my recommendations, a decent profit in the amount of the price figures.

At this time, all the upward correction has finished appearance as in its internal structure, and the degree of the minimum required elongation.

Throughout the second half of yesterday quotes couples vigorously moved down, starting to form a potentially bearish reversal design.

Pre it may indicate that the internal correction downward trend wave larger scale (as of 12/27/13) completed and began his formation down the final portion of the trend wave. Simply put, the expected short-term trend change in the direction of the flat in the corridor senior TF sized diurnal variation of the pair to deliberate descent prices.

To complete the formation of topping zigzag this is only speculation. Elongation up the final part of bullish correction can not be excluded yet.

In the next session we expect the weak sentiment in ascending to the flat nature of the pair fluctuations. Do not rule out pre- small probability of pressure on the support area.

Support area:- 141.15/140.90, Below today do not wait.

Resistance zone:- 141.75/95-142.30/45 (achievement zone unlikely today) Above in the day did not expect.

Trading recommendations: Situation likely change the direction of short-term trend. Beginners recommend avoiding trade transactions. In the presence of skill in flat lot may be limited to the purchase transaction with the potential to counter a potential reversal zones.

FOREX News For Today: 16th Jan 2014

Yesterday the bulls managed to get the support of the day short-term trend , the current level retains its properties at 141.82 . Resistances currently perform daily Kijun ( 143.08 ) and Kijun fib ( 143.69 ) . If the pair manages to break new dead cross , we can expect that players will increase its efforts to cut formed correctness , then updating the maximum ( 145.68 ) , they will be able to continue to trend higher time frames .

H1 - H4

Halves on younger bulls managed to regain support Ichimoku - are golden crosses , pair fixed above the clouds H1. Currently performed by the first targets goal breakdown clouds H1 ( 142.86 - 143.13 ) . Perhaps the formation of rollback , supports are Tenkan H1 ( 142.53 ) and Tenkan Kijun H1 + H4 ( 142.35 ) . Break of the latter level may change the mood and make it possible to deepen the adjustment to the Kijun H4 ( 141.76 ) , under which the binding - is the beginning of the work day in the direction of the dead cross.