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 Trend and Signal For Today: 28th March

FOREX Trend For Today:

EUR/GBP this week based on the imbalance between the components of pairs. Attempts to consolidate above two significant highs this year were unsuccessful, and the gain rate of the pound against the U.S. dollar has had a major influence on the formation of reversal pattern. Today is already falling 1.5% from the March peak. This suggests the increasing probability of a compensatory model. Rate reached a significant support level 0.8267, which was formed at the end of February. Stop depreciation on this level is a new starting point for further development of one of the models. Priority in the current environment remains depreciation, however, in the case of large demand, pay close attention to the possibility of obtaining better prices for sale tool. On the upside, resistance becomes a major fault 0.8320-0.8329 day. This zone will be both an obstacle to growth and levels where you can get great sale in the event of renewed depreciation. Correction model of education is as follows.

FX Signal For Today

AUD/USD has given a perfect breakout after forming Head&Shoulder pattern in Daily Chart. AUD/USD is trending bullish with strong momentum  It has also crossed 200 Day moving Average from below. Next resistance level is at 0.9450 with support at 0.8883. Please see the technical Chart for AUD/USD below-

AUD/USD Technical Chart

FOREX Signal For Today: USD/CHF Down Today

USD/CHF Trend Today 

Downward movement has prospects as long as price is below the Kijun-sen (0.8930) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF. Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down, which indicates a downward price movement if the indicator will unfold the top, it could signal the beginning of a new round of corrective movement. If the price will bounce from 0.8873, it can also trigger an upward correction.

FOREX Signal For Today

USD/CHF on the FOREX market is now advised to consider shorts with the first goal- 0.8873. When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8930, and if this line will be reduced, it is possible to carry stop-loss after her. Closed manually short positions recommended in case prices rebound from 0.8873 level or at the turn of the MACD indicator upward. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825.

GBP/USD Trend: Key Levels with Fx Signals Today

The currency pair GBP/USD traded with a mixed character last day, bulls after a brief rally subsided, giving the bears come into play. On the daily chart we can see an upward trend with the prerequisites change the current trend. Now in the market hovers between small uncertainty bears and bulls, form mixed candles, quite possibly, the bulls are trying to buy time in order to gain strength and continue.

Development of the plot for the next trading days may be so- it's possible we will continue to observe the formation of the uncertainty of consolidation in the range 1.6440/1.6370. If the price will be able to pass the mark and consolidate above 1.6440, it is likely to expect further movement of the bulls until prices 1.6510.

It is also likely to consider the second and the outcome, if the bears manage to hold below 1.6370 and show interest, increasing short positions, then we can talk about going to the level of 1.6300.

Economic Calendar

• Today, traders should expect a number of important economic news from the U.S.
• 19:00 MSK (17:00 GMT- 2) to give a speech , Fed Chairman Janet Yellen.

Key Levels

Resistance zone: 1.6440-1.6470-1.6600

Support zone: 1.6300-1.6240-1.6100

FOREX Signals For Today

• The purchase of a pair is recommended after accurate fixing prices above 1.6440 , with the prospect of running around to 1.6510.
• Sales for the pair is recommended after a clear price fixing under 1.6370 , with the prospect of progress to the level of 1.6300.

USD/CHF Daily FOREX Chart For Today: 3rd Feb

USD/CHF Chart

FOREX Chart for Today: USD/CHF

USD/CHF has broken 23.6% FIBO level resistance once again. Next resistance to look for is 0.9156. If USD/CHF sustains above 0.9050 and support is confirmed, one can enter BUY position.