NZD/USD rallied till 0.7563 in Asian session after the release of better than expected NZ retail sales data. New Zealand headline retail sales soared 2.7% qoq in Q1, much stronger than expectation of 1.6% qoq . Technically Kiwi has not able hold above 0.7575 and has declined from that level. Overall trend is bearish as long as resistance 0.7575 holds. On the...
EUR/USD has broken major support 1.1390 and this confirms short term trend reversal, a jump till 1.1530 cannot be ruled out . Intraday minor support is around 1.1385 (resistance turned into support) and any break below will drag the pair further down till 1.1350. On the upside 1.1427 (161.8% retracement of 1.12887 and 1.1065) and break above will target...
EUR/JPY has broken short term resistance 135.28 and is trading well above that level. Intraday trend is bullish as long as support 135.20 holds. On the downside any break below 135.20 will drag the pair further down till 135/1.34.45 in short term. The pair’s minor resistance is around 136 and any break above will extend gains till 136.60/137.20. Indicator (1...
•RES 4: 1.6080 •RES3: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880) •RES2: 1.5815 (161.8% retracement of 1.5746 and 1.5088) •RES1: 1.5750 (161.8% retracement of 1.5497 and 1.50880) PRICE: 1.57516 @ 05:46 GMT •SUP1:1.5703 (34 day H EMA) •SUP2: 1.5670 (23.6% retracement of 1.5768 and 1.5358) •SUP3: 1.5630 (May 13th low) •SUP 4: 1.5590 (23.6%...
•RES4 120.80 (Mar 10th High) •RES 2 :120.50 (May 5th high) •RES 2 119.80 (200 day HMA) •RES1:119.25 (20 day HMA) PRICE: 119.17 @ 05:16 GMT •SUP1: 119 (May 7th low) •SUP2: 118.50 (Apr 30th low) •SUP 3: 118.19 (61.8% retracement of 115.84 and 122.01 ) •SUP 4 116.86 (Feb 3rd low) COMMENTARY: USD/JPY has broken short term support 119.50 and this...
EUR/USD has broken 1.1290 a jump till 1.1390 cannot be ruled out. Intraday weakness only below 1.1260
As per our analysis EUR/USD target 1 achieved at 1.1290. Book partial profits
•RES4:1.11532 (Feb 3rd high) •RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065) •RES 2: 1.13689 (May 6th high) •RES 1: 1.1290 (May 1st high) PRICE: 1.1230 @ 12:03 GMT •SUP 1: 1.1213 (200 day HMA) •SUP2: 1.1178 (May 8th low) •SUP 2: 1.1120 •SUP 3: 1.1065 (May 5th high) Commentary: EUR/USD has recovered till 1.2778 and declined form that level....
•RES 2: 0.7380 (Apr 3rd High) •RES 3: 0.7325 (200 day HMA) •RES2: 0.7260 (May 11th high) •RES1 :0.7225 (Support turned in to resistance) PRICE: 0.7183 @11:43 GMT •SUP1: 0.7156 •SUP 2:0.7115 (23rd Apr low) •Sup 3: 0.7010 (Mar 11th low) •SUP4: 0.683 (138.2% retracement of 0.7010 and 0.748) EUR/GBP has formed a double bottom around 0.7120 and...
USD/CAD has broken major support 1.2000 which confirms short term weakness, a decline till 1.1900 cannot be ruled out. Intraday bullishness can be seen only above 1.2030 and any break above will take the pair further up till 1.2080/1.2130 level. Overall trend reversal only above 1.21600 Indicator (1 Hours chart) CCI (50) - Sell CCI (14) – Sell Ichimoku-...
RES4:0.7580 (May 5th high) RES3: 0.7500 (May 8th high) RES2: 0.7467 (200 day HMA) RES1:0.7435 (trend line joining 0.7639 and 0.7572 PRICE: 0.7430@09:19 GMT Sup1: 0.7380 (34 H EMA) SUP2: 0.7350 (Cloud Top) SUP3: 0.7315 SUP4:0.7274 (Mar 18th low) Commentary: NZD/USD has recovered after making a low of 0.7320. Overall trend is bullish as long as...
GBP/USD is trading near major resistance 1.5700 and market awaits BOE inflation report.The BOE is expected to revise slightly up this year inflation on back of rising oil prices and UK's economic recovery. UK claimant count change fell by a seasonal adjusted 12600 in Apr, compared to forecast of 20000. Unemployment rate ticked down to 5.5% in Apr compared to...
EUR/JPY has jumped till 135.28 and retreated from that level. Overall trend is bullish as long as support 133.49 holds. Intraday trend reversal level only below 134.40. The pair’s minor support is around 134.20 and any break below will the drag the pair further down till 133.50/133. The short term resistance is around 134.75 and any break above would extend...
Aussie rallied till 0.80093 after there was a positive reaction to Tuesday night's federal budget. The government forecast that the budget deficit will narrow from 2.6% of GDP in 2014/15 to 0.4% of GDP in 2018/19. “The Australian dollar outperformed, which is possibly a result of the fears of a ratings downgrade post the budget being unfounded,” senior currency...
•RES4 122.01 (Mar 10th High) •RES3 :121.18 •RES 2 120.80 (13th Apr high) •RES1:120.50 (May 5th high) PRICE: 119.85 @ 05:32GMT •SUP1: 119.85 (200 day HMA) •SUP2: 119.50 (May 8th low) •SUP 3: 119.19 (May 6th low) •SUP 4 118.48 (Previous week low) COMMENTARY: USD/JPY has slightly retreated from high of 120.26 and is currently trading at 119.83. The...
As per our analysis GBP/USD Target 1 achieved at 1.5620. Book partial profits
AS per our analysis GBP/USD Target 1 achieved at 1.5620. Book partial profits
As per our analysis EUR/JPY target 1 achieved at 135.25. Book partial profit