Austinet24

Austinet24

From Daily Time Frame the GBPAUD Pair broke down from the ascending channel with a strong bearish candlestick formation of inside pin bar, with major impulse tend been bearish I see the pair selling further to 1.7864 price level. Bias: SELL GBPAUD @ CURRENT PRICE 1.8048 TARGET 1.7864

Austinet24

British Pound seems to be bearish after trading within a lower range. It broke below all support levels in US session and remained below them until market close. If a bearish trend sustains then the pair may adjust to 1.2361 and then test the next support of 1.2299. Alternatively, if a bullish trend sets in motion the pair could head towards 1.2526 level and head...

Austinet24

GBPUSD BUY SETUP Pivot point: 1.2576 Britain Pound traded within a wide range yesterday and still lost the path to follow. It traded between 1.2500 and 1.2630. At last closed near 1.2595 area. As the bullish trend continues the pair could rebound to 1.2853 level and head higher to 1.3001. Alternatively, If a bearish trend emerges then the pair may adjust to...

Austinet24

NZD/USD Intraday Bullish Pivot point: 0.6448 The trend of bullish remains as Kiwi headed higher yesterday. It broke above the first resistance of 0.6456 in US session and closed near 0.6460. If the upwards momentum continues, then the pair may rise towards the first resistance level of 0.6492 and test the second resistance level of 0.6522. Alternatively,...

Austinet24

USD/CHF Intraday Bearish Pivot point: 0.9573 The pair traded within a lower range yesterday and now indicates a bearish trend. It broke below all support levels before market close and remained below them until the end. For a bullish trend to return then first resistance level of 0.9604 needs to be broken, which could allow the pair to push higher to...

Austinet24

EUR/USD Intraday Bullish Pivot point: 1.1160 The bullish momentum sustains after trading within a high range yesterday. It broke through 1.1195 during US session, at last closed slightly above the first resistance. For future trading references, if the bullish momentum continues then the resistance of 1.1204 could be broken and push the price up to...

Austinet24

The EURJPY Pair broke a major Resistance 118.95 price level which is the same as a psychological market level of fibonacci 61.8% level, with advance buying pressure I see the price targeting 120.94 which is 100% fibo level... Bias: BUY EURJPY @ CURRENT PRICE 119.37 SL = 118.67 TP = 120.85

Austinet24

From 1H time frame we can spot head and shoulder pattern on EURJPY Pair with the neckline broken @ 116.50 which is also a break upward above 61.8% Fibonacci retracement level in the direction of the main trend. Bias: BUY @ CURRENT PRICE 116.70 TARGET 117.40

Austinet24

From Daily Time Frame we can spot double top at 1.2625 Price level on the GBPUSD Pair, price heading to the next support at 1.2262, the break of this support level will move the price further down to 1.2011

Austinet24

The Pair has been moving in an ascending channel, with a sharp move up from lower support level at 1.2401 the price got hit at the upper Resistance level at 1.2480 which happens to be a major Resistance. Bias SELL @ 1.2477 TP 1.2405 Pivot point: 1.2413 The pair is slightly bullish as it closed at the second resistnace level of 1.2426. If a bearish momentum...

Austinet24

Pivot point: 1.0833 EURUSD tested first resistance before falling right back to where the market opened. For future trading references, if a bullish trend emerges then the resistance of 1.0855 could be broken and push the price up to 1.0882. However, if the downward trend returns then the support of 1.0806 may falter, which could pull the price lower to...

Austinet24

EUR/USD Intraday Bearish Pivot point: 1.0837 Resistance level 1: 1.0871 Resistance level 2: 1.0919 Resistance level 3: 1.0953 Support level 1: 1.0789 Support level 2: 1.0755 Support level 3: 1.0707 Comment: The pair traded bearish as it closed slightly below the first support level of 1.0822. For future trading references, if a bullish...

Austinet24

USD/JPY Intraday Neutral The pair continues to exhibit a neutral trend and traded between last two trading day’s range. if the bears take over again then the pair could fall to 107.25 and possible to break the second support level of 107.03. However, If a bullish trend returns, then it might climb to the first resistance of 108.00 and extend further to...

Austinet24

EUR/USD Intraday Neutral The pair traded neutral and closed near the daily pivot region again. For future trading references, if a bullish trend emerges then the resistance of 1.0886 could be broken and push the price up to 1.0915. However, if the downward trend returns then the support of 1.0822 may falter, which could pull the price lower to...

Austinet24

The bearish trend reversed during Friday’s trading session as AUDUSD managed to close above the first resistance level of 0.6352. If the bearish momentum can resurface, then the first support level of 0.6323 might not hold and causing the pair to fall further to 0.6284. Conversely, the bulls may proceed and break the resistance level of 0.6393 and proceed higher...

Austinet24

The pair continues to exhibit a neutral trend closing below the daily pivot of 107.72. If a bullish trend returns, then it might climb to the first resistance of 107.99 and extend further to 108.42. However, if the bears take over again then the pair could fall to 107.20 and possible to break the second support level of 106.86. Pivot point: 107.64 Resistance...

Austinet24

Comment: The bearish momentum subsided during Friday’s trading session with EURUSD closing near the daily pivot of 1.0855. For future trading references, if a bullish trend emerges then the resistance of 1.0907 could be broken and push the price up to 1.0939. However, if the downward trend returns then the support of 1.0826 may falter, which could pull the...

Austinet24

From daily time frame around 105.89 price level a bullish pin bar was engulf by a bullish candlestick, this signal a strong bullish pressure on this pair, as the buyers persist, i see the price touching 110.39 price level then 12.08 price as the next Resistance respectively. SD/JPY Intraday: watch 109.05. Pivot: 107.75 Our preference: long positions above...