USDCAD forecast

The primary trend of USDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.2270. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 1.2275 at upside then we can expect it to test the level of 1.2320/1.2370.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- USDCAD 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. 

British Pound | Economy of U.K

The British Pound Sterling is the fourth most popularly traded currency, and the third most commonly held reserve currency.

The Japanese Yen is the third most commonly traded currency in the world after the US Dollar and the Euro. 

The primary trend of GBP/JPY is bullish, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from falling trendline, consolidating & gaining strength to break it upside. Today if the pair breaks 184.20 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 184.87/185.20 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair.

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MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- GBP/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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

EUR/JPY hit 3 week high

The major trend of EUR/JPY is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 135.50 consolidating & gaining strength to break it upside. Today if the pair breaks 135.50 & managed to sustain above it, then we can expect it to test the level of 136.20/ 136.90 in a day or two.

Prices are also 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 :- EUR/JPY 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	1.1206	1.1239	1.1280	1.1313	1.1354	1.1387	1.1428
GBP/USD	1.5125	1.5160	1.5207	1.5242	1.5289	1.5324	1.5371
USD/JPY	117.39	117.88	118.65	119.14	119.91	120.40	121.17
USD/CHF	0.9154	0.9182	0.9223	0.9251	0.9292	0.9320	0.9361
AUD/USD	0.7631	0.7688	0.7729	0.7786	0.7827	0.7884	0.7925
EUR/GBP	0.7360	0.7383	0.7402	0.7425	0.7444	0.7467	0.7486
USD/CAD	1.2302	1.2374	1.2480	1.2552	1.2658	1.2730	1.2836
NZD/USD	0.7317	0.7349	0.7376	0.7408	0.7435	0.7467	0.7494

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