USD/JPY has retreated till 123.75 and started to recover from this level. Overall trend is bullish as long as support 123.50 holds. On the downside any break below will drag the pair further down till 123.10/122.70. The pair’s is facing resistance around 124.60 and break above would extend gains till 125.05/125.60/126. It is good to buy at declines around...
EUR/USD is consolidating around 1.1090 and 1.1150 in European session. The minor support is around 1.1090 and break below will drag the pair till 1.1060. Trend reversal only below 1.1060.
EUR/AUD has taken support near trend line 1.4255 and recovered from that level. Overall trend is bullish as long as support 1.4250 holds. On the down side any break below 1.4250 will drag the pair further down till 1.4200/1.4160. The pair’s minor resistance is around 1.4325 and break above would extend gains till 1.4380/1.4450 in short term. It is good to buy...
EUR/USD has formed double top around 1.12070 and is retreating from that level. Overall trend is bullish as long as support 1.1112 holds. Any break above 1.12150 would extend gains till 1.1250/1.1280 in short term. On the downside minor support is around 1.1150 and break below will drag the pair further down till 1.1112/1.1060. It is good to buy at declines...
EUR/JPY has broken short term support 138 and is trading well above that level.In daily chart CCI (50) has formed bearish divergence which confirms short term weakness ,a decline till 135.20 cannot be ruled out. Further bullishness can be seen only above 139.35 and break above would extend gains till 140.76. It is good to sell on rallies around 138.50-55 with SL...
USD/JPY has made a high of 125.04 and is slightly retreating from that level. Any further bullishness can be seen only above 125 level. On the upside minor resistance is around 124.40 any break above would extend gains till 125.04/125.70. The pair’s support is at 123.50 and break below will drag the pair further down till 123.10/122.70. It is good to sell on...
As per our analysis USD/JPY declined till 123.85. Book profit in sell call given around 123.92.
GBP/USD target 1 achieved at 1.5305. Book full profit
EUR/USD has broken major resistance 1.1100 and this confirms short term bullishness, a jump till 1.11780/1.1215 cannot be ruled out . On the downside weakness can be seen only below 1.1060. It is good to buy around 1.1100 with SL around 1.1060 for TP around 1.1178/1.1200.
EUR/USD target 2 achieved @ 1.1100. Book ful lprofits
EUR/JPY target achieved at 138. Book partial profit.
As per analysis EUR/USD target 1 achieved @ 1.10650. Book partial profits. Keep the trailing stop at 1.10580 for next target 1.1100.
It is good to buy around 0.7235 with SL around 0.7195 for the TP 0.7315
EUR/USD breaks major resistance 1.1000 and jump till 1.10650/1.1100 cannot be ruled out. Intraday weakness only below 1.0980. It is good to buy around 1.1020 with SL around 1.0978 for TP of 1.10650/1.1100
It is good to buy around 137.05 with SL around 1.36.39 for the TP of 138/138.40
GBP/USD has formed temporary bottom around 1.5160 and is recovering from that level. Further weakness can be seen only below 1.5160 level. On the downside below 1.5160 will drag the pair further down till 1.5080/1.5000. The minor resistance is around 1.5250 and any break above would extend gains till 1.5300/1.5350 in short term. It is good to buy at declines...
EUR/CAD is facing resistance around 1.3750 (triangle pattern) and is struggling to close above that level. In the short term it is expected to reach till 1.3660 and then jump from that level. On the downside minor support is around 1.3700 and any break below will drag the pair further down till 1.3680/1.3650. The pair’s minor resistance is at 1.3750 and break...
AUD/USD has broken major trend line resistance 0.7680 after release of RBA Monterrey policy. RBA kept its Cash rate unchanged at 2%. RBA Governor Glenn Stevens said that “Further depreciation seems both likely and necessary”. The omission of an easing bias caused a "relief rally" CBA currency strategist Elias Haddad said. "That there is no explicit easing...