EUR/USD breaks short term resistance 1.1370 which confirms short term bullishness , a jump till 1.1465/1.1500 cannot be ruled out . On the downside minor support is around 1.1320 and any break below will drag the pair further down till 1.1270/1.1250/1.1200. Bullish invalidation only below 1.1150. It is good to buy at dips around 1.1370-75 with Sl around 1.1300...
Low risk traders book profit in EUR/USD @ 1.13200.
Potential Reversal Zone (PRZ)- 1098. Gold has recovered form the low of $1100 and is currently trading at $1120. Overall trend is slightly bullish as long as support $1098 holds. Any break below $1098 will drag the pair further down till $1080/$1077 The commodity minor resistance is around $1127/$1132. It is good to buy at dips around $1100 with SL around...
Candle stick pattern- Shooting star GBP/JPY has recovered till 187.24 after making a low of 184.25. The pair's major resistance is around 187.50 and any further bullishness only above 187.50. Any break above 187.50 would extend gains yill 188/188.85. On the downside minor support is around 186.40 and any break below will target 185.75/184.95. It is good to...
Pattern formed- Bearish cypher Potential Reversal Zone (PRZ)- 121.30 USD/JPY is consolidating between 119.60 and 120.75 for the past two trading session on account of FOMC meeting which is to be held on Sep 17th 2015. Any further movement can happen above or below this level. On the lower side any break below confirms short term weakness a decline till...
Book profit and exit from USD/CHF short at 0.9675.
Potential Reversal Zone (PRZ)- 1098. It is good to buy at dips around $1100 with SL around $1077 for the TP of $1155
GBP/JPY major trend line resistance is around 185.65 and break above confirms short term bullishness , jump till 186.65/187.20 cannot be ruled out. It has formed temporary bottom around 184.20 and any weakness only below 184.20. Intraday weakness only below 184.90 and break below will target 184.20. It is good to buy only above 185.65 with SL around 184.90 for...
USD/CHF recovered till 0.97633 after making a low of 0.96675. It is currently trading at 0.9732. The pair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level. Overall trend is weak as long as resistance 0.9800 holds. Any break above 0.9770 will take the pair till 0.9800/0.9825. On the lower side major...
EUR/USD trades in narrow range between 1.1370-1.12588 for the past three trading session. Any further break out can be seen only after US Fed meeting which is to be held on Sep 16th. On the downside EUR/USD is facing support around 1.1250 and any break below will drag the pair till 1.1200/1.11500. Short term Bullish invalidation only below 1.1150. The pair’s...
AUD/JPY has recovered till 86.11 yesterday and started to retreat from that level. Overall trend is still weak as long as trend line resistance 86.35 holds. On the downside minor trend line support is around 85.70 and any break below will drag the pair further down till 84.80/84.60 in short term. Short term weakness only below 84.60. The pair’s major...
GBP/JPY has made a low of 184.23 and slightly recovered from that level. overall trend is still weak as long as resistance 185.65 holds The pair recovered from low of 184.23 which was made yesterday till 184.90. the pair's minor resistance is around 185. Any break above 186.65 will take the pair further up till 187.40/188. On the downside major support is...
USD/JPY is consolidating between 119.60 and 120.65 for the past two trading session on account of FOMC meeting which is to held on Sep 17th 2015. Any further movement can happen above or below this level. On the lower side any break below confirms short term weakness a decline till 118.80/118.20 cannot be ruled out. The pair's minor intraday resistance is...
Silver has broken short term trend line support $14.30 and is consolidating around that level. It is currently trading at $14.32. The commodity is facing strong support around $13.99 and any break below will drag the commodity further down till $13.31/$13 in short term. Short term trend reversal only above $15 and break above $15 would extend gains till...
AUD/JPY has made a high of 86.32 yesterday and started to retreat from that level. Overall trend is still weak as long as resistance 86.35 holds . On the downside major trend line support is around 84.60 and any break below will drag the pair further down till 83.32 in short term. Short term weakness only below 84.60. The pair’s minor resistance is around 85.65...
GBP/JPY has retreated after making a high of 186.10 today morning after BOJ monetary policy. BOJ left its policy unchanged along with a less upbeat economic assessment. It also maintained the annual target of monetary pace expansion at JPY 80T. The pair recovered from low of 184.61 which was made yesterday. Overall trend is still weak as long as short term...
USD/CHF has broken major support 0.9680 and declined till 0.96675.It is currently trading around 0.96770. the pair yesterday recovered till 0.9718 after making a low of 0.96675 . Intra day trend is still weak as long as support 0.9725 holds. On the higher side minor resistance is around 0.9725 and break above would extend gains till 0.9750/0.9800/0.9825....
USD/JPY has taken support near trend line ( trend line joining 116.07 and 118.840) and slightly recovered from that level. It is currently trading at 120.47.Overall trend is bullish as long as support 119.60 holds. On the downside any break below 119.60 will drag the pair further down till 119.20/118.80 in short term. The pair is facing strong resistance around...