EUR/JPY retreated from 136 and declined till 133.47. Overall trend is bullish as long as support 133 holds. 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 gains till 135.35/136. Indicator (1 Hours chart) CCI (50) -...
EUR/CAD has declined till 1.3457 and recovered from that level. Short term trend is bullish as long as support 1.3430 (200 day 4HMA) holds. On the upside minor resistance is around 1.3540 and any break above will target 1.3570/1.3638. The break of major support 1.3430 will drag the pair further down till 1.3400. Indicator (4 Hours chart) CCI (50) - Sell CCI...
•RES4: 1.5745 (161.8% retracement of 1.5497 and 1.5080) •RES3: 1.5675 •RES2: 1.5620 (61.8% projection of 1.5089-1.5523 measuring from 1.5355) •Res1:1.5585 (38.2% retracement of 1.7166 and 1.45648) PRICE: 1.5557@ 05:48 GMT •SUP1:1.5560 (20 day HMA) •SUP 1: 1.5519 (Resistance turned into support) •SUP 2: 1.5480 (23.6% retracement of 1.5088 and 1.56119)...
•RES4:1.1290 (May 1st High) •RES3: 1.1230 (55 day HMA) •RES2: 1.1190 (200 day HMA) •RES 1: 1.1164 (Kijun-Sen) PRICE: 1.1147@ 11:29 GMT •SUP 1: 1.1120 •SUP2: 1.1065 (May 5th low) •SUP 3: 1.10345 (resistance turned into support) •SUP 4: 1.09552 (50% retracement of 1.0464 and 1.139) Commentary: EUR/USD has retreated after making a high of 1.1290 on...
•RES 3: 0.7420 •RES 2: 0.7380 (Apr 3rd High) •RES 2: 0.7325 (200 day HMA) •RES1 :0.7267 (Kijun-Sen) PRICE: 0.72029 @11:30 GMT •SUP 1: 0.71907 (61.8% retracement of 0.7013 and 0.74820) •SUP2: 0.7156 •SUP 2:0.7115 (23rd Apr low) •Sup 3: 0.7010 (Mar 11th low) EUR/GBP has formed double top around 0.7480 and declined till 0.7207. Overall trend is...
RES4: 0.7620 (61.8% retracement of 0.7742 and 0.7420) RES3:0.7536 (200 day HMA) RES2: 0.7500(May 8th high) RES 1: 0.7435 (Kijun-Sen) PRICE: 0.7382 @08:47 GMT SUP 4: 0.7380 (61.8% retracement of 0.7160 and 0.7735) Sup2: 0.7315 SUP3: 0.7274 (Mar 18th low) SUP4: 0.7160 (Mar 11th low) Commentary: NZD/USD breaks major support 0.7380 and confirms short...
RES4: 0.7620 (61.8% retracement of 0.7742 and 0.7420) RES3:0.7536 (200 day HMA) RES2: 0.7500(May 8th high) RES 1: 0.7435 (Kijun-Sen) PRICE: 0.7382 @08:47 GMT SUP 4: 0.7380 (61.8% retracement of 0.7160 and 0.7735) Sup2: 0.7315 SUP3: 0.7274 (Mar 18th low) SUP4: 0.7160 (Mar 11th low) Commentary: NZD/USD breaks major support 0.7380 and confirms short...
AUD/USD has shown a slight jump till 0.7930 after Sunday’s PBOC interest rate cut. The PBOC cut’s its key policy rate by 25bpbs to 5.1% on Sunday. PBOC lowered rates further to address growth risks. Technically AUD/USD is struggling to hold above 0.7930 and declining from that level. Short term is weak as long as resistance 0.7970 holds. The pair’s minor...
•RES4 122.01 (Mar 10th High) •RES 2 :121.18 •RES 2 120.80 (13th Apr high) •RES1:120.50 (May 5th high) PRICE: 119.90 @ 05:25 GMT •SUP1: 119.60 (200 day HMA) •SUP 2: 119.19 (May 6th low) •SUP 3 118.48 (Previous week low) •SUP 4 -116.85 (Feb 3rd low) COMMENTARY: USD/JPY has formed temporary top around 120.50 and is retreating from that level. The major...
US economy has added 223K jobs in April compared to forecast of 224K. The unemployment rate is at 5. 4%. The March NFP data has been revised down to 85k compared to prior 126K. Thus better than expected NFP data will increase the speculation of rate hike by Fed in coming months Technically EUR/USD has recovered till 1.28870 and declined form that level. On the...
As per our Analysis USD/CAD target 1 achieved @1.2130. Book full profits
NZD/JPY has declined till 88.75 and currently trading around 89.10. Short term trend is bearish as long as resistance 89.75 holds. On the downside minor support is around 88.70 and any break below will drag the pair further down till 88.21/87.10. The pair is facing resistance around 89.75(20 day HMA) and any indicative break above would extend gains till...
GBP/JPY has broken major resistance 185 and this confirms short term bullishness, jump till 189 cannot be ruled out. On the downside minor support is around 184.40 and any break below will drag the pair further down till 183.78/183.30. The pair’s major resistance is around 186.05 and any break above will target 186.62 (161.8% retracement 184.45 and...
GBP/USD has slightly retreated after making high of 1.5520. Overall trend is bullish as long as support 1.5349 holds. GBP/USD has broken major resistance 1.5500 after Conservative party is set to win 316 seats in the total 650 seats . On the downside any break below 1.5350 will drag the pair further down till 1.5300/1.5260. It is good to buy around 1.5450...
As per our analysis GBP/USD target achieved at 1.5350. Book full profits
•RES4:1.11532 (Feb 3rd high) •RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065) •RES2: 1.1400 •RES 1: 1.13689 (May 6th high) PRICE: 1.1305@ 11:54 GMT •SUP 1: 1.1290 (Resistance turned into support) •SUP2: 1.1250 (55 day H EMA) •SUP 2: 1.1194 (Cloud top) •SUP 3: 1.1150 Commentary: EUR/USD has retreated after making a high of 1.1390 .Overall...
As per our analysis EUR/AUD Target achieved at 1.4275 book full profit.
USD/CAD has broken short term trend line resistance 1.2050 (trend line joining 1.22037 and 1.21175) and it confirms short term bullishness, a jump till 1.2200 is possible. Overall trend reversal only below 1.1900 level. The pair’s minor resistance is around 1.20850 and break above would extend gains till 1.2130/1.2200. Intraday trend reversal only below...