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

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.