AUD/USD has retreated after making a high of 0.80293. Short term trend is still looking weak as long as 0.8035 holds. On the upside any break above would extend gains till 0.8075/0.8115. The pair’s major support is around 0.7915 and any break below will target 0.7878/0.7840 in short term. The minor resistance is around 0.7980. Indicator (4 Hours chart) CCI...
EUR/JPY has broken major resistance 135.25 and this confirms short term bullishness, a jump till 137.67/137.20 cannot be ruled out. On the downside minor trend reversal can happen only below 133.80. Any break below 133.80 will drag the pair further down till 133.05/132.40. The pair’s minor resistance is around 135.80 and break could extend gains till...
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648) •RES3: 1.55512 (Feb 26th high) •RES2: 1.5340 (61.8% retracement of 1.5497 and 1.5080) •RES1: 1.5240 (200 day HMA) PRICE: 1.5247@ 05:30 GMT •SUP 1: 1.5140 (May 6th low) •SUP2: 1.5080 (May 5th Low) •SUP 2: 1.5030 (50% retracement of 1.4564 and 1.5497 ) •SUP 3:1.54920 (61.8% retracement of 1.45648...
EUR/USD has recovered after release of weaker than expected ADP Employment data. US economy have added 169K private sector jobs in Apr compared to forecast of 199K. The decline ADP employment will decrease the chance of Fed to cut rates by September. Technically EUR/USD is trading higher and intraday trend reversal can happen only below 1.1200. On the upside...
NZD/USD is trading weak after release of weaker than expected employment data. The unemployment rate was at 5.8% compared to forecast of 5.5%, and in addition the figure for the preceding quarter was revised to the upside. The Kiwi has been under some pressure since weaker employment data immediately triggered rate cut speculation. The RBNZ suggested only last...
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648) •RES3: 1.55512 (Feb 26th high) •RES2:1.5340 (61.8% retracement of 1.5497 and 1.5080) •RES1: 1.5240 (200 day HMA) PRICE: 1.5224@ 07:34 GMT •SUP 1: 1.5160 (Kijun-Sen) •SUP2: 1.5080 (May 5th Low) •SUP 2: 1.5030 (50% retracement of 1.4564 and 1.5497 ) •SUP 3:1.54920 (61.8% retracement of 1.45648 and...
EUR/AUD has retreated after making a high of 1.3479. Intraday it has made a low of 1.4060 and recovered from that level. Intraday trend is weak if it breaks below 1.4000 (200 day HMA). Break below will take the pair further down till 1.3936/1.3850. The pair’s minor resistance is around 1.4136 and break above would target 1.4210/1.4280 in short term. Indicator...
As per our analysis AUD/USD target achieved at 0.7960. Book full profits.
NZD/JPY has broken major support 90.17 (61.8% retracement of 89.06 and 92.40) and this confirms short term weakness, a decline till 87.10 cannot be ruled out. On the downside minor support is around 89.10 and any break below will drag the pair further down till 88.21/87.10. The pair is facing resistance around 90.25(20 day HMA) and any indicative break above...
As per our analysis EUR/USD target achieved at 1.12230. Book full profits
EUR/USD has recovered after the release of US Trade deficit .US Trade deficit leaps to highest level since 1996 as imports surged a record 7.7% to $239.2 billion. Technically EUR/USD has recovered after making a low of 1.1065. Intraday trend is bullish as long as support 1.100 holds. the minor resistance is around 1.11670 (200 day 15 min MA) and break above will...
Gold declined till $1171 after breaking trend line support $1178 (Trend line joining $1142 and $1175) and is trading around $1190. Short term trend reversal only above $1215.Above $1215 it can reach till $1225.The minor resistance is around $1195 (200 day 4HMA). Indicator (4 hour chart) CCI (50) - Sell CCI (14) – Buy Ichimoku- Sell It is good to sell on...
USD/CAD has slightly recovered till 1.2130 and currently trading around 1.2090. Intraday bullishness can be seen if it closes above 1.2130 (200 day 15 min MA). Any indicative break above would extend gains till 1.2180/1.2205. On the downside minor support is around 1.2080 and break below will drag the pair further down till 1.2050/1.1995. Indicator (15 min...
NZD/JPY is currently trading around 90.30 after a slight bounce back till 90.74. Intraday trend is bearish as long as resistance 90.80 holds. On the downside minor support is around 90.17 (61.8% retracement of 89.06 and 92.40) and any break below will drag the pair further down till 89.05/88.21. The pair is facing resistance around 90.80 (55 day 4HMA) and any...
•RES4: 1.55512 (Feb 26th high) •RES3: 1.5340 (61.8% retracement of 1.5497 and 1.5080) •RES2: 1.5217 (200 day HMA) •RES 1: 1.5175 (55 day HMA) PRICE: 1.5103@ 06:30 GMT •SUP 1: 1.5080 (Bollinger lower band) •SUP 2: 1.5030 (50% retracement of1.4564 and 1.5497 ) •SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497) •SUP4: 1.54855 (Apr 21st low) ...
AUD/USD has made a low of 0.77845 after RBA cuts interest rate by 25bpbs. It has bounced back till 0.79166 and is currently trading at 0.7903. RBA said that “Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target”. This shows that RBA will keep the interest rate...
•RES3 :122.01 (Mar 10th high) •RES 3: 121.42 (Bollinger Upper band) •RES 2: 120.80 (13th Apr high) •RES 1: 120.08 (Apr 22nd high) PRICE: 120.06 @ 05:18 GMT •SUP1: 119.62 (200 day 4 HMA) •SUP 2: 119.34 (Kijun- Sen) •SUP 3 118.48 (Previous week low) •SUP 3 -116.85 (Feb 3rd low) COMMENTARY: USD/JPY has recovered from low of 118.48 and reached till...
EUR/JPY has declined slighty on the intraday and currently trading around 134.15. Intraday major resistance is around 134.25 and break above confirms intraday bullishness, a jump till 135.30 cannot be ruled out. Intraday weakness only below 133.70. It is good to buy above 134.25 for the target of 135.30 with stop around 133.70