Low risk traders book profit in GBP/JPY at 153.75. Other hold with SL around 153.40
Major support - $36.80 (200 day 4HMA) Major resistance - $38 (trend line joining $40.11 and $38.26) US Oil has taken support near 200 day 4H MA and recovered from that level. It is currently trading around $38.16. Short term trend is slightly bullish as long as support $36.80 holds. On the lower side minor support is around $37.60 (55 day 4H EMA) and break...
Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds. On the lower side major support is around $400 and any break below $390 will drag the pair down till $380/$350 is possible. BTC/USD major resistance is around...
Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153.21. Intraday trend is slightly bullish as long as support 152.50 holds. On the higher side any break above 153 will take the pair to...
Bears in GBPUSD don’t seem to be complacent as this is evident if you observe that the sterling against dollar has been collapsed almost about 11.67% in last 10 months, observing at the current GBP environment we could foresee more room for hedging its depreciation. From last 1 week, GBPUSD shows loss of 2.69%, a drop from highs of 1.4459 to the current 1.4070...
Book profit and exit from Short @113.10.
Technical Inference: Now sloping channel, then rising wedge: Broken below rising wedge base on daily chart at around 1240 levels, as a result, bearish swings now slipping through sloping channel. Currently, facing channel resistance at 1231 levels. Daily RSI has been converging downwards with every price dips ever since it has dropped from top-line of wedge...
AUD/USD rejected at day's high by 0.7637, slips below the 0.76 handle to currently trade around 0.7590 levels. Technicals on 2H charts show scope for further downside, Stochs and RSI are biased lower and MACD line shows bearish crossover on signal line. Immediate support is seen at 0.7568 (Mar 21 st lows), while resistance is seen at 0.76 (psychological level...
Low risk Traders Book profit in DAX30 around 9695.Others hold with SL around 9600
Major resistance – 0.9580 (4H Tenken-Sen and Kijun-Sen) Major support – 0.9530 The pair has once again retreated after making a slight recovery till 0.95720 level. It is currently trading around 0.9525. Intraday bullishness can be seen only above 0.9580 level. Any indicative break above 0.9580 will take the pair till 0.9630/0.9680. On the lower side break...
Major support – 114 Major Intraday resistance – 115 CHF/JPY has recovered slightly yesterday after making a low of 114.42. In the Asian session the pair has broken yesterday low 114.42 and declined till 114.02 at the time of writing. Short term trend is slightly weak as pair is trading well below daily Tenken-Sen (114.65), Kijun-Sen (115.72) and ichimoku...
Major resistance – 1.14380 Major support - 1.1320 (55 day 4H EMA) The pair has recovered from the low of 1.13266 after dovish FOMC minutes .EUR/USD jumped till 1.14319 and closed near to 1.1400 level. US Mar FOMC Minutes confirms that Fed funds rate will be steady in the near term with further tightening likely to be delayed until 2016 end. The pair’s major...
The euro continue to drag yesterday's bullish momentum with minor gains as the pair trades at the 1.1403. For now, more bullish potential in short run is expected after bouncing above 1.1260 (i.e. 21DMA & also 23.6% Fibo on monthly). You can observe even though the prices drop yesterday, it has shown a strong support at 1.1320 to bounce above 7DMA...
EUR/JPY is retreating from last week’s tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair. Immediate support is seen at 125, breaks below will take the pair to next supports at 124.67 (Mar 22nd lows) and then 124.41 (61.8% Fib retrace of 112.058 to 128.221...
AUD/USD rebounds from session lows at 0.7510 following the release of the Chinese services PMI report. Data showed that China services sector activity expanded from 51.2 in Feb to 52.2 in Mar, highlighting that the recent stimulus measures by the Chinese central bank are yielding results. Dismal Australia trade data along with widespread risk aversion and RBA...
You see a day highs at 84.274 to drop back to form a bear candle with US session to spare. Seems quite weaker after break below support at 84.348 levels. Current prices are well below 7 & 21DMAs. Most notably, you can see an attempt of 21EMA crossing over 7EMA, hence, bear trend is likely to persist. On a broader perspectives, price on weekly drop below...
This pair's bearish strength has been extremely robust after violating supports at 94.3766, Sterling managed to gain against Indian rupee but collapsed at day highs of 97.3747 levels (see circled areas how strongly it has held at the same juncture and bounce back). As a result, we are seeing a bearish candle with big real body. Most importantly, bearish...
Major support - 1.4050 (Mar 16th 2016) Major Intraday Resistance - 1.4010 (Support turned into resistance) It is good to sell on rallies around 1.4040-1.4045 with SL around 1.4100 for the TP of 1.3980/1.3920