NZD/USD Bearish on charts

The primary trend of NZD/USD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating below its falling trend line. 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 and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 0.7480 at upside then we can expect it to test the level of 0.7535/0.7565.

INDICATORS:-

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

STRATEGY:- NZD/USD 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. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0637	1.0677	1.0721	1.0761	1.0805	1.0845	1.0889
GBP/USD	1.4613	1.4675	1.4749	1.4811	1.4885	1.4947	1.5021
USD/JPY	118.40	118.90	119.34	119.84	120.28	120.78	121.22
USD/CHF	0.9517	0.9578	0.9623	0.9684	0.9729	0.9790	0.9835
AUD/USD	0.7479	0.7529	0.7565	0.7615	0.7651	0.7701	0.7737
EUR/GBP	0.7154	0.7191	0.7226	0.7263	0.7298	0.7335	0.7370
USD/CAD	1.2420	1.2496	1.2559	1.2635	1.2698	1.2774	1.2837
NZD/USD	0.7292	0.7341	0.7396	0.7445	0.7500	0.7549	0.7604

USD/JPY forecast

The USDJPY had a very strong session on yesterday, slicing through the 120 level during US trading. With that, the market looks very bullish and if we can break above the top of the range for the session on Monday, we are more than willing to start buying and aiming for the 122 level. Any pullback at this point of time should find buying pressure, as the 119 level looks to be very supportive.We believe that this market will continue to go much higher, probably heading to the 125 level.

GBP/NZD bearish on charts

The primary trend of GBP/NZD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.9650. 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 and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 1.9650 at upside then we can expect it to test the level of 1.9700/1.9750.

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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:- GBP/NZD 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. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0611	1.0733	1.0808	1.0930	1.1005	1.1127	1.1202
GBP/USD	1.4581	1.4693	1.4771	1.4883	1.4961	1.5073	1.5151
USD/JPY	117.18	117.74	118.47	119.03	119.76	120.32	121.05
USD/CHF	0.9346	0.9415	0.9522	0.9591	0.9698	0.9767	0.9874
AUD/USD	0.7700	0.7749	0.7788	0.7837	0.7876	0.7925	0.7964
EUR/GBP	0.7233	0.7275	0.7302	0.7344	0.7371	0.7413	0.7440
USD/CAD	1.2288	1.2347	1.2415	1.2474	1.2542	1.2601	1.2669
NZD/USD	0.7431	0.7491	0.7545	0.7605	0.7659	0.7719	0.7773

EUR/USD imp level 1.1040

The major trend of EUR/USD is bearish but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.1040. In its 4 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 important level of 1.1040 at upside then we can expect it to test the level of 1.1095/1.1140.

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:- EUR/USD 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.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0791	1.0845	1.0909	1.0963	1.1027	1.1081	1.1145
GBP/USD	1.4690	1.4758	1.4819	1.4887	1.4948	1.5016	1.5077
USD/JPY	118.56	118.89	119.19	119.52	119.82	120.15	120.45
USD/CHF	0.9487	0.9518	0.9558	0.9589	0.9629	0.9660	0.9700
AUD/USD	0.7729	0.7777	0.7811	0.7859	0.7893	0.7941	0.7975
EUR/GBP	0.7298	0.7319	0.7346	0.7367	0.7394	0.7415	0.7442
USD/CAD	1.2407	1.2439	1.2477	1.2509	1.2547	1.2579	1.2617
NZD/USD	0.7450	0.7516	0.7561	0.7627	0.7672	0.7738	0.7783

 

FTSE 100 Index

London stocks gains after a range bound trade and Index managed to edge higher to a new record on Monday though worries about Greece limited upside for London's stocks. Greece's prime minister Alexis Tsipras warned Germany that Athens will not be able to service debt obligations unless the EU distributes short-term financial aid. The comments came as he met with German chancellor Angela Merkel in Berlin.

The FTSE 100 index ended the session up by 0.22% to 7037.67, surpassing the previous all-time closing high of 7,022.51 set on Friday. If during the day market is breaching the resistance level of 7060 on upside after consolidation, then it can test the level of 7120 with the support of 7010.

                                    BARRATT DEVELOPMENTS Plc

RECOMMENDATION BUY

TARGET 540

The Major trend of Barratt Developments Plc is bullish and it is showing strength for buying . If it moves above the resistance level then one can initiate the long position in the stock. If it breaks the level of 535 then it can show upside movement for the target of 540 with the stop loss of 531.

CHART FORMATION:-

Stock is trading near its resistance and sustaining above that trendline is indicating buying in the chart. Crossing the trendline will lead to upside movement. Stock is trading above the 50 and 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 64.08 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

CAD/JPY trend sideways

The secondary trend of CAD/JPY is sideways, In its 4 hourly chart, prices are taking support of falling trend line & consolidating with a positive bias. 30 DMA & 200 DMA are also providing support to the prices & supporting the further uptrend. If CAD/JPY crosses the trend line and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 96.05 & sustains above it we can expect it to come up to the levels of 96.80/97.40 in next few days.

INDICATORS:-

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

  

RECOMMENDATION : BUY

STRATEGY:- CAD/JPY is looking bullish on charts for next few session. One can go for buy on dips level strategy for this pair for intra day to mid term positions.

EUR/AUD looking bearish

                                   

The primary trend of EUR/AUD is bearish. But from the past few trading sessions the pair was trading with positive bias and prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.3855. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to continue to trade with negative bias & test the level of 1.3780/1.3735 in today's session.

STRATEGY :- EUR/AUD is looking further bearish 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	1.0240	1.0426	1.0543	1.0729	1.0846	1.1032	1.1149
GBP/USD	1.4293	1.4489	1.4621	1.4817	1.4949	1.5145	1.5277
USD/JPY	118.56	119.11	119.95	120.50	121.34	121.89	122.73
USD/CHF	0.9558	0.9660	0.9780	0.9882	1.0002	1.0104	1.0224
AUD/USD	0.7364	0.7486	0.7568	0.7690	0.7772	0.7894	0.7976
EUR/GBP	0.7034	0.7093	0.7159	0.7218	0.7284	0.7343	0.7409
USD/CAD	1.2307	1.2406	1.2562	1.2661	1.2817	1.2916	1.3072
NZD/USD	0.7165	0.7267	0.7341	0.7443	0.7517	0.7619	0.7693

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