GBP/CAD has broken short term trend lien support 1.9580(trend line joining 1.88460 and 1.9313) and decline till 1.9320 is possible. Short term bullishness only above 1.9650 and break above will target 1.9705/1.9735. On the downside minor support is around 1.9550 and break below will drag the pair to next target at 1.9440/1.9320. It is good sell on rallies...
EUR/CAD has broken major resistance 1.4025 and confirms short term bullishness, a jump till 1.4120/1.4160 is possible. Short term weakness only below 1.3980 and any break below will drag the pair further down till 1.3890/1.3820. It is good to buy at dips around 1.4055 with SL around 1.3980 for the TP of 1.4120/1.4160
GBP/JPY target 1 achieved at 187.40.Book full profits
GBP/USD is trading weak and any intraday bullishness can be seen only above 1.5480.The minor support is around 1.5400 and break below targets 1.5355/1.5300/1.5250 in short term. Any break above 1.5480 would extend gains till 1.5500/1.5530. It is good to sell around 1.5430-35 with SL around 1.5480 for the TP of 1.5355/1.5305
AUD/USD is trading weak and declined till 0.73905 as the collapse in Chinese equities drove fears about country’s economy. Copper prices has fallen to 2009 lows yesterday on concerns over demand from China, world biggest consumer Commodity currencies especially AUD which is proxy for Chinese investment has fallen to six year low. Technically intraday bullishness...
GBP/JPY has made a low of 188.18 and is currently trading around 188.55. Intraday trend is bearishness as long as 189.20 holds. Any break above 189.20 would extend gains till 189.80/190.45 in short term. On the downside minor support is around 188 and break below will target 187.40/186. It is good to sell around 188.55-60 with SL around 189.20 for the TP of 187.40/186.
USD/JPY has recovered once again after making a low of 121.88. Overall trend is weak as long as resistance 122.70 holds. Any break above 122.70 would extend gains till 123.15/123.50 in short term. On the downside minor support is around 121.80 and break below will drag the pair further down till 121.25/120 in short term. It is good to sell on rallies around...
Book profit and exit from USD/PY short @ 122.15
Cable target achieved @ 1.5480. Book full profits
WTI Crude has broken short term support $55 and declined till $52.41. Further bullishness can be seen only above $56. Any indicative break above $56 would extend gains till $57.32/$58. On the downside minor support is around $51.80 and break below targets $48/$43. It is good to sell on rallies around $53.25-.50 with Sl around $56 for the TP of $47.80/$43.
EUR/USD breaks trend line support and decline till 1.0800 cannot be ruled out .Intraday bullishness can be seen only above 1..1020 level. The minor support is around 1.0950 and break below will drag the pair further down till 1.0850/1.0800. It is good to sell on rallies around 1.09620-650 with SL around 1.1050 for the TP of 1.0820
It is good to sell on rallies around 190.40-45 with SL around 191.05 for the TP of 189
EUR/AUD has broken major resistance 1.4770 and this confirms short term bullishness, a jump till 1.4890 cannot be ruled out. On the downside short term support is around 1.4730 and any break below will target 1.4660/1.4630. It is good to buy around 1.4770 with SL around 1.4725 for TP of 1.4845/1.4890
AUD/USD has decline till 0.74636 after RBA left the cash rate unchanged at 2% . RBA reiterated that a lower AUD is needed: "Further depreciation seems both likely and necessary, particularly given the significant declines in key commodity prices." Technically AUD/USD is facing major resistance around 0.7550. Overall trend is weak as long as resistance 0.7550...
USD/JPY has recovered till 122.91 from the low of 121.83 and overall trend is still weak as long as trend line resistance 123.50 holds. On the down side minor support is around 122.40 any break below will target 121.85/121.30. The pair’s minor resistance is around 123.15 (20 day MA) and any indicative break above would extend gains till 123.50/123.80. It is...
Book profit and exit from AUD/USD short @ 0.7510. Sell call given around 0.7585
EUR/USD is trading within narrow channel and it should break 1.0650 for further weakness . On the higher side minor resistance is around 1.11200 and break above will target 1.1178/1.1235. It is good to buy at dips around 1.10920-95 with SL around 1.1060 for the TP of 1.1178/1.1234.
EUR/AUD has broken trend line resistance around 1.4590 and this confirms short term bullishness , a jump till 1.4750 cannot be ruled out. On the downside short term trend reversal only below 1.4550 and break below will drag the pair further down till 1.4500/1.4480. The minor support is around 1.4580. It is good to buy at dips around 1.4645 with SL around 1.4575...