GBP/CAD | Sell Call

The secondary trend of GBP/CAD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 2.0370 and support at the level of 2.0220. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

MACD is sustaining in its negative territory indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: GBP/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

EUR/CAD Sell call

The secondary trend of EUR/CAD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.5605 and support at the level of 1.5410. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

Indicators- MACD is sustaining in its negative territory indicating the bearish trend in the pair.RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

Strategy-  EUR/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

EUR/CAD | Sell call

The primary trend of EUR/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.5555 and support at the level of 1.5355. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

MACD is sustaining in its negative zone indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: EUR/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

EUR/AUD | Sell call

The primary trend of EUR/AUD is bearish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA on the downside indicating downtrend of the pair. It is having an important resistance at the level of 1.5095 and support at the level of 1.4950. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

MACD is sustaining in its negative zone indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

EURGBP Bullish trend

                                                   Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1062	1.1096	1.1151	1.1185	1.1240	1.1274	1.1329
GBP/USD	1.5279	1.5313	1.5341	1.5375	1.5403	1.5437	1.5465
USD/JPY	118.34	119.06	119.78	120.50	121.22	121.94	122.66
USD/CHF	0.9583	0.9647	0.9698	0.9762	0.9813	0.9877	0.9928
AUD/USD	0.6915	0.6958	0.6988	0.7031	0.7061	0.7104	0.7134
EUR/GBP	0.7191	0.7214	0.7253	0.7276	0.7315	0.7338	0.7377
USD/CAD	1.3073	1.3112	1.3184	1.3223	1.3295	1.3334	1.3406
NZD/USD	0.6239	0.6286	0.6342	0.6389	0.6445	0.6492	0.6548

EURGBP- The secondary trend of EURGBP is sideways on charts. In its hourly chart, the pair is forming a falling channel indicating to trade upside further. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 DMA is also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 0.7330. If it breaks its resistance level of 0.7330 at upside and sustains above it then we can expect it to show further upside movement.

INDICATORS:-

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

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

STRATEGY: EURGBP is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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. 

GBP/AUD looking Bearish

GBP/AUD is trading in sideways trend and from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 and 200 DMA. Prices are also taking support at the important level of 1.9320. Today if the pair breaks its support level & manages to sustain below it, then we can expect it to test the level of 1.9250/1.9210 in today's session.

INDICATORS:-

MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

STRATEGY :- GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intraday to midterm positions.

Pivot Points

                                                 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0604	1.0703	1.0759	1.0858	1.0914	1.1013	1.1069
GBP/USD	1.4640	1.4719	1.4764	1.4843	1.4888	1.4967	1.5012
USD/JPY	118.61	119.01	119.65	120.05	120.69	121.09	121.73
USD/CHF	0.9465	0.9509	0.9585	0.9629	0.9705	0.9749	0.9825
AUD/USD	0.7430	0.7502	0.7568	0.7640	0.7706	0.7778	0.7844
EUR/GBP	0.7203	0.7242	0.7273	0.7312	0.7343	0.7382	0.7413
USD/CAD	1.2391	1.2421	1.2464	1.2494	1.2537	1.2567	1.2610
NZD/USD	0.7384	0.7433	0.7463	0.7512	0.7542	0.7591	0.7621