EUR/JPY has taken support near Kijun-Sen and has recovered from that level. Short term trend is bullish as long as major support 141.35 holds. On the downside break below 141.35 (Resistance turned into support) will target 140.30. Minor resistance is around 143.20. Any indicative break above will target 144.21/144.98. Recommendation: Buy EUR/JPY around 142.60, SL...
USD/JPY has made a temporary top around 115.51 and intraday trend is bullish as long as support 114.60 (55 day HMA) holds. USD/JPY is in consolidation phase and any break of major support 114.60 will target 114/113.40. Major resistance-115.51. Any indicative break above would extend gain to 116.39 (161.8% retracement of 115.50 to 114.05). Recommendation: Buy...
EUR/CAD made a low of 1.4198 and has recovered from that level. Overall trend is bullish as long as support 1.4170 holds. On the downside break below will target 1.4100/1.4050. Minor resistance is around 1.4350. Any indicative break above would extend gain to 1.4455 and 1.45. Recommendation: Buy EUR/CAD around 1.4270, SL 1.4165, Target 1.450.
EUR/USD is facing strong resistance around 1.2580. Any intraday trend reversal can happen only above that level. Any indicative break of 1.2580 would extend gain to 1.2630. Minor support is around 1.2470. On the downside break below will target 1.2391. Recommendation: Sell EUR/USD around 1.2515-25, SL 1.2580, Target 1.2395.
USD/CHF is consolidating after making a temporary top around 0.9690. Intraday trend is bullish as long as support 0.9539 holds. On the down side any break below 0.9539 will target 0.9470/0.9440 (29th Oct low). Minor resistance is around 0.9660. Any indicative break would extend gain to 0.9743. Recommendation: Buy USD/CHF around 0.9590, SL 0.9539, Targets 0.9690/0.9743.
In 1 hour chart GBP/USD is trading above Tenken-sen and Kijun-Sen level which indicates slight bullishness for the intraday. It has broken minor resistance 1.5950. On the upper side break above will target 1.6040/1.6080. Intraday trend reversal can happen only below 1.5925. Any indicative break below would extend loss to 1.5875/1.5850. Short term weakness below...
AUD/USD has broken major support 0.8641 (Oct 3rd low) which confirms the resumption of bearish trend. On the downside break below will target 0.8607/0.8544 in the short term. Minor resistance is around 0.868. Any indicative break above would extend gain to 0.870/0.872. Recommendation: Sell AUD/USD around 0.8640 , SL 0.8680, Targets 0.8607/0.8544.
GBP/JPY has broken the Oct 3rd high 182.50 and this confirms further upside movement in the coming days. Any indicative break of 182.50 would extend gain to 184.37 (50% retracement of 251.10 and 117.63). Minor support is around 181.95 (Tenkan-Sen). On the downside any break below will target 181/180.65. Short term trend reversal only below...
GBP/USD is struggling to break 1.6040 and any intraday bullishness can happen only above that level. Any indicative break above would extend gain to 1.6080/1.6140 in the short term. Intraday major support is around 1.5925 (Nov 2nd low). On the downside any break will target 1.5876/1.5806 (100% projection of 1.6183 to 1.5950 from 1.6039). Recommendation: Sell...
AUD/JPY has broken major resistance at 99.38 (trend line resistance joining 96.50 and 98.66) and reach till 100.97 (76.4% retracement of 105.42 and 86.39) cannot be ruled out. Minor support is around 98.80. On the downside break below 98.80 will target 98.25/98. Short term trend reversal only below 98. Recommendation: Buy AUD/JPY around 99.50, SL 98.79, Target 100.97
As per our analysis USD/CAD first target almost achieved at 1.14270. Overall trend is bullish and is expected to reach our second target 1.14630. Short term trend reversal is only below 1.13850.
AUD/CAD has broken short term resistance 0.9960 (Oct 15th high) and this confirms resumption of bull trend. Any indicative break above 0.9960 would extend gain till 1.0025. Major support is around 0.994. Any short term trend reversal only below 0.994. On the downside break below will target 0.992. recommendation: Buy AUD/CAD around 0.9952-55, SL 0.9940, Target 1.0025.
USD/CAD has broken 1.13850 and this confirms the resumption of bullish trend.Any indicative break above 1.13850 would extend gain to 1.143 (61.8% retracement of 1.08865 to 1.13850 from 1.1121) and 1.1463. Minor support isaround 1.1360. On the downside break below will target 1.1338/1.13270. Short term trend reversal only below 1.13200. Recommendation: Buy USD/CAD...
GBP/USD is trading between 1.6039 and 1.5925 for the past three trading session. Minor support is around 1.5925. On the downside break below will target 1.5876 (Oct 15th low) and 1.5806 (100% retracement of 1.6183 to 1.5950 from 1.6039). Short term resistance is around 1.6080. Any indicative break would extend gain to 1.6145/1.6183. Short term trend reversal only...
AUD/JPY made a high of 99.38 (trend line joining 96.50 and 98.66) and has slightly retreating from that level. Any indicative break above 99.38 would extend gain to 100.97 (76.4% retracement of 105.42 and 86.45) and 102.19 (100% projection of 88.22 to 98.66 from 91.75). Minor support is around 98. On the downside any break below will target 97.24 (23.6%...
EUR/JPY has broken major resistance 141.20 (Sep 15 high) and this confirms bullish trend resumption. Any indicative break above 141.20 would extend gain to 143.77 (Mar 3rd high) and 145. Minor support is around 139.95. On the downside any break below will target 139.60/139. Recommendation: Buy EUR/JPY around 141.30-40, SL 139.95, Targets 143.77/145.
AUD/JPY has made a high of 98.94 and is slightly retreating form that level. Any indicative break above 98.94 would extend gain to 100.97 (76.4% retracement of 105.42 and 86.45) and 102.19 (100% projection of 88.22 to 98.66 from 91.75). Minor support is around 98. On the downside any break below will target 97.24 (23.6% retracement of 91.75 and...
USD/JPY surged to as high of 112.47 last week and break of 110.08 confirms that bullish trend resumption. It is expected to reach 114.19 (100% projection of 101.08 to 110.08 form 105.19) and 117.93 (Oct 2007 high). Minor support is around 111.80. On the downside break below will target 111.10 (23.6% retracement of 105.19 and 112.97) and 110.15. Trend reversal only...