USD/CAD has made a low of 1.2910 and slightly recovered from that level. Overall trend is still bullish as long as support 1.2900 holds. Overall bullish invalidation can happen only below 1.2900. On the downside any break below 1.2900 will drag the pair further down till 1.2850/1.2716 in short term. The pair’s minor resistance are at 1.2976/1.3010 level. It...
EUR/USD has recovered till 1.10828 after making a low of 1.1021 yesterday. It is currently trading at 1.10456.Overall trend is still weak as long as resistance 1.1100 holds. It is facing strong resistance at 1.110 in intraday and any indicative break will extend gains till 1.1125/1.1150/1.1178 in short term. On the downside minor support is at 1.1020 and any...
Kiwi has broken major resistance 0.6990 after comments on level and rates by RBNZ governor Wheeler . "At current levels of export prices, a more substantial exchange rate depreciation is therefore required to stabilise the net external liabilities position relative to GDP," Wheeler said RBNZ dismisses the predictions of for large declines in interest rates...
EUR/USD has retreated after making a high of 1.11277. It is currently trading at 1.10315. It is facing strong resistance at 1.110 in intraday and any indicative break will extend gains till 1.1125/1.1150/1.1178 in short term. On the downside minor support is at 1.1045 and nay break below will drag the pair further down till 1.100/1.0950 in short term. The minor...
GBP/USD has recovered from the low of 1.5527 after release of U.K GDP data which was in line with expectations. UK GDP expanded by 0.7% in the three months ending Jun 30 comparing to 0.4% growth in preceding quarter. Technically Cable is facing resistance around 1.5580 and nay break above would extend gains till 1.5630/1.5670. Any break above 1.5670 confirms...
GBP/JPY has recovered after making a low of 190.99 and is currently trading at 192.45. Short term trend is bullish as long as support 192 holds. On the higher side minor resistance is around 193 ( 200 day HMA) and any break above will extend gains till 193.66/194 in short term. The pair’s potential loss is unlimited if it breaks below 192 and below 192 it will...
USD/CHF has formed Big W Pattern with major resistance around 0.9635 and any break above confirms bullishness , a jump till 0.9690/0.9800 is possible. On the downside minor support is around 0.9595 and any break below targets 0.9550/0.9520. Overall bullish invalidation only below 0.9520 level. The pair's major resistance is around 0.9635 and any break above...
EUR/USD target 1 achieved at 1.0850. Book partial profits . Hold your long with trailing Stop around 1.1050
GBP/USD has recovered from yesterday’s low of 1.54657 and jumped till 1.5543 in Asian session. Overall trend is still weak as long as resistance 1.5550 (20 day 4HMA) holds. Any intraday bullishness only above 1.5550. Break above would extend gains till 1.5580/1.5630 in short term. The pair’s minor resistance is around 1.5525 and break will take the pair till...
USD/CAD breaks major resistance 1.3050 and jumped till 1.3096. It is currently trading at 1.30235. Overall bullish invalidation can happen below 1.2950. Any break below 1.2950 will target 1.2915/1.2838. Short term reversal below 1.2915. Loonie is trading weak due to lower oil prices, lower interest rates and lowering economic outlook. On the higher minor...
EUR/USD has once again breaks major psychological resistance 1.1000 after making a low of 1.09200 on Friday. Intra day trend is still bullish as long as support 1.0950 holds. Break below 1.0950 will drag the pair further down till 1.0920/1.08650 level. Overall trend reversal only below 1.08500. Any break above major 1.1100 will take the pair to next target at...
USD/JPY has not able to hold 124 level and is currently trading at 1235.53. Intra day trend is weak as long as resistance 124.20 holds. Any further bullishness can be seen only above that level. On the lower side minor support are at 123.20 and any break below will drag the pair further down till 122.90/122.40. The pair's resistance is at 124.20 and above...
GBP/JPY has declined till 191.68 yesterday and is currently trading at 191.63. Intraday trend is still weak as long as resistance 192.70 holds. On the downside major support is around 191.70 and any break below will drag the pair further down till 191/190.55 in short term. Break above intraday resistance -192.45 would extend gains till 193/193.40/193.95. ...
USD/CAD breaks major resistance 1.3050 which confirms short term bullishness, jump till 1.3399 cannot be ruled out . Overall bullish invalidation can happen below 1.2980. any break below 1.2980 will target 1.2940/1.2915. Minor support are 1.3035/1.3000. It is good to buy at dips around 1.3050-55 with SL around 1.2980 for the TP of 1.3180/1.3390
USD/CHF has recovered after making a low of 0.9579 in the today’s morning and is currently trading at 0.9610 level. Overall trend is bullish as long as support 0.9550 holds. It is facing trend line resistance around 0.9611 (trend line joining 0.9647/0.96310) and any break above would extend gains till 0.9650/0.9715 in short term. On the downside minor support...
GBP/AUD has made multi year highs and is likely to go up further, good to buy at declines. On the higher side it has broken 2.127 and further jump till 2.1417/2.1508 (161.8% retracement of 2.1270 and 2.0885) cannot be ruled out . Bullish invalidation only below 2.1000. The pair’s minor support is around 2.116 and break below will drag the pair further down till...
GBP/JPY has declined till 191.92 yesterday and is currently trading at 192.16. Intraday trend is still weak as long as intraday resistance 192.45 holds. GBP declined against most of major pair yesterday due to weaker than expected retail sales data. On the downside major support is around 191.70 and any break below will drag the pair further down till 191/190.55...
Aussie has broken trend line support (trend line joining 0.73712 and 0.73266) and is trading slightly below that level. Overall trend is weak as long as resistance 0.7400 holds and slight bullishness can be seen if it closes above 0.7400. Any break of 0.7400 will target 0.7450/0.7500. Overall bearish invalidation only above 0.7500. On the downside any break...