AUD/USD Bearish Trend

Forex Trading Signals

The major trend of AUD/USD is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 0.7830 consolidating & gaining strength to break it upside. Today if the pair breaks 0.7831 & managed to sustain above it, then we can expect it to test the level of 0.7876/ 0.7910 in a day or two.

Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in buying territory supporting upside movement in the pair. MACD line has recently break the zero line,indicating the up trend in the market.

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STRATEGY :-AUD/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. 

                                                                Technical Report

                                                          

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1208	1.1264	1.1338	1.1394	1.1468	1.1524	1.1598
GBP/USD	1.5222	1.5268	1.5311	1.5357	1.5400	1.5446	1.5489
USD/JPY	117.27	117.74	118.50	118.97	119.73	120.20	120.96
USD/CHF	0.9222	0.9254	0.9312	0.9344	0.9402	0.9434	0.9492
AUD/USD	0.7681	0.7713	0.7767	0.7799	0.7853	0.7885	0.7939
EUR/GBP	0.7311	0.7341	0.7387	0.7417	0.7463	0.7493	0.7539

BOE Report | GBP/USD

The British Pound against the US Dollar is one of the oldest currency pairings in the world. 

                                                                                                                   

The secondry trend of GBP/USD is bearish, the pair is sustaining on the rising trendline & consolidating with a negative bias. 30 DMA is also providing resistance to the prices. If the pair sustains below 1.5200 levels, it can come down to the levels of 1.5165/1.5140. MACD is successfully sustaining below the zero line indicating the bearish sentiment in the market.
          

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STRATEGY:- For Today GBP/USD is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

                                                       Technical Report 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1220	1.1249	1.1291	1.1320	1.1362	1.1391	1.1433
GBP/USD	1.5118	1.5167	1.5203	1.5252	1.5288	1.5337	1.5373
USD/JPY	118.42	118.84	119.66	120.08	120.90	121.32	122.14
USD/CHF	0.9162	0.9193	0.9239	0.9270	0.9316	0.9347	0.9393
AUD/USD	0.7571	0.7631	0.7675	0.7735	0.7779	0.7839	0.7883
EUR/GBP	0.7331	0.7357	0.7398	0.7424	0.7465	0.7491	0.7532
USD/CAD	1.2436	1.2502	1.2568	1.2634	1.2700	1.2766	1.2832
NZD/USD	0.7219	0.7282	0.7323	0.7386	0.7427	0.7490	0.7531

FOREX Trading: USD/CAD Technical Analysis on 8th April 2014

USD/CAD Today

Weekly data:

At the senior schedule generally observed only upward movement. In the data the pair is testing the support area 1.1, the successful overcoming of which would open the way to a mark of 1.06. The main purpose for the vendors can deliver 0.98 zone.

Daily data:

Junior secondary testing schedule observed 1,095 support zone. Given the strong removing steam from the main line of the uptrend can be expected to continue downward movement. Initial short-term goal for the sellers deliver 1.07 zone. Protective pause point for short positions will swing high of 1.13.

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

Crude Oil Technical Analysis and Trading Recommendations

Crude Oil Analysis: 

Analysis of crude oil for March 12, shows that the price continues downward movement and overcome the level of support S2- 100,10. Downward movement may continue with the objectives of S3- 98,16 and S4- 96,96, if the price remains below the level of 100.10. Upward correction may begin with the objectives of 102.03 and 103.23, if the price consolidates above 100.10. Rising trend line is no longer supporting the bankers on the increase, the price is below it, so now become relevant short positions. Awesome indicator shows the current downward movement since the last bar closed red. OsMA also turned down, indicating that the downward movement of the character and in the longer term. Rebound from 98.16 level could trigger a round of upward correction.

Trading recommendations: 

In the course of analyzing the movement in oil prices, we can conclude that it is now considered a warrant for sale with the aims of 98.16 and 96.96. Stop loss above exhibiting the nearest resistance level. When entering transactions in profitability in the black. If the price will bounce from 98.16, it may witness the beginning of the corrective movement, as well as turn up Awesome or OsMA (may expire). Long positions are not relevant now.

US Dollar and S&P 500 Technical Analysis For Today

US DOLLAR TECHNICAL ANALYSIS – Prices are eyeing resistance in the 10761-66 area, marked by the 38.2% Fibonacci expansion and the top of a rising channel. A break higher exposes the 50% level at 10806. Reversing below the 10707-27 region (December 19 high, 23.6% Fib) targets the channel bottom, now at 10644.

S&P 500 TECHNICAL ANALYSIS – Prices are testing resistance in the 1844.90-49.10 area, marked by the December 31 high and the 14.6% Fibonacci expansion. A break higher exposes the 23.6% level at 1863.10. Near-term support is at 1819.60, the 14.6% Fib retracement.