As per our analysis EUR/GBP Target achieved at 0.738. Book profit
GBP/JPY has broken major support 182.50 which confirms short term weakness, a decline till 180.65 cannot be ruled out. The pair’s major intraday reversal can happen only above 182.95. Indicator (15 min chart) CCI (50) - Sell CCI (14) – Sell It is good to sell on rallies around 182.25 for the target of 180.70 with stop around 182.95.
AUD/USD is trading weaker after release of weaker than expected China’s HSBSC manufacturing PMI data. The China’s PMI data came it at 48.9 in Apr compared to forecast of 49.2. The RBA is expected to cut its interest rates from 2.25% to 2% in the meeting tomorrow. On the upside AUD/USD is facing major resistance around 0.7860 (Tenken-Sen) and any break above will...
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648) •RES3: 1.55512 (Feb 26th high) •RES2: 1.5358 (61.8% retracement of 1.5497 and 1.5133) •RES1: 1.5254 (Kijun-Sen) PRICE: 1.5167@ 06:04 GMT •SUP 1: 1.5106 (Bollinger lower band) •SUP 2: 1.5030 (Tenken-Sen) •SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497) •SUP4: 1.54855 (Apr 21st low) ...
•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 @ 05:01 GMT •SUP1: 119.67 (7 day W EMA) •SUP 2: 119.34 (20 day WMA) •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...
Gold is trading near major trend line support $1178 (Trend line joining $1142 and $1175) and any break below will drag the pair till $1135 in short term. Short term trend reversal only above $1215.Above $1215 it can reach till $1225. Indicator (4 hour chart) CCI (50) - Sell Woodies CCI (14) – Sell Ichimoku- Sell It is good to sell on rallies around $1190 for...
•RES4:1.15336 (Feb 3rd high) •RES3: 1.1450 (Feb 19th high) •RES2: 1.1352 (161.8% retracement of 1.10345 and 1.05192) •RES 1:1.12477 (Apr 30th High) PRICE: 1.1252@ 10:38 GMT •SUP4: 1.1180 •SUP3: 1.1177 (Tenken-Sen) •SUP 2: 1.1092 (20 day 4HMA) •SUP 3: 1.107 (Trend line resistance turned into Support) Commentary: EUR/USD has broken major resistance...
NZD/USD declined till 0.7577 in intraday after short bounce back till 0.76380. Short term trend is bearish as long as resistance 0.7640 holds. Technically the pair’s minor resistance is around 0.7640 (200 day HMA) and any break above would extend gains till 0.7695 (cloud top)/0.7740 in short term. On the downside NZD/USD is facing minor support around 0.7580...
BTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out. On the down side short term weakness only below $224 and any break below will take the pair further down till...
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648) •RES3: 1.55512 (Feb 26th high) •RES2: 1.54399 (88.6% retracement of 1.5512 and 1.4564) •RES1: 1.5397 (Tenken sen) PRICE: 1.535@ 05:53 GMT •SUP 1: 1.5300 (Kijun-Sen) •SUP 2: 1.5260 (Resistance turned into support) •SUP 3:1.5160 (23.6% retracement of 1.45648 and 1.5345) •SUP4: 1.5100 GBP/USD has...
•RES3 :122.01 (Mar 10th high) •RES 3: 121.18 (Mar 20th high) •RES 2: 120.80 (13th Apr high) •RES 1: 120.08 (Apr 22nd high) PRICE: 119.66 @ 05:06 GMT •SUP1: 119.10 (20 day 4HMA) •SUP 2: 118.50 (Apr 20th low) •SUP 3 118.16 (61.8% retracement of 115.85 and 122.01) •SUP 3 -116.85 (Feb 3rd low) COMMENTARY: USD/JPY has recovered from low of 118.48 after...
Gold has closed well above 20 day MA for the past two trading days and this confirms short term bullishness, a jump till $1225 is possible. On the downside minor support is around $1200 and any break below will drag the pair further down till $1190/$1178. Indicator (Daily chart) CCI (50) -Buy Woodies CCI (14) – Buy Ichimoku- Buy It is good to buy at dips...
•RES4: 0.74570 (76.4% retracement of 0.7590 and 0.7010) •RES 3: 0.73835 (Mar 26th High) •RES 2: 0.7315 •RES 1: 0.7279 (61.8% retracement of 0.7378 and 0.7110) PRICE: 0.72442 @9:13 GMT • SUP 1: 0.7240 (200 day 4HMA) •SUP 2: 0.71964 (50% retracement of 0.7032 and 0.73835) •SUP 3:0.7170 (20 day HMA •Sup 4: 0.7116 (Apr 23rd low) EUR/GBP has broken...
As per our analysis EUR/USD Target achieved at 1.1240. Book full profits.
•RES4: 1.1352 (161.8% retracement of 1.10345 and 1.05192) •RES 3:1.12410 (38.2% retracement of 1.25686 and 1.04615) •RES 2:1.1187 (Apr 29th High) •RES 1: 1.11201 (61.8% retracement of 1.15327 and 1.04615) PRICE: 1.1213@ 07:17 GMT •SUP 1: 1.1070 (Trend line resistance turned into support) •SUP2: 1.1035 (Resistance turned into support) •SUP 2: 1.100...
NZD/JPY has retreated from the high of 92.04 after release of dovish RBNZ policy statement. It sinks till 90.25 after RBNZ opened the door to rate cuts. 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 90.50 (200 day...
NZD/USD declined till 0.759 after release of RBNZ monetary policy. Kiwi sinks after RBNZ opened the door to rate cuts. The RBNZ says NZD unjustifiably high and unsustainable and would be appropriate to lower cash rate if demands weakens. Technically the pair’s minor resistance is around 0.7648 (200 day HMA) and any break above would extend gains till 0.7695...
•RES4: 1.5643 (161.8% projection of 1.4640 to 1.5052 from 1.4855) •RES3: 1.5585 (38.2% retracement of 1.7166 and 1.45648) •RES2: 1.55512 (Feb 26th high) •RES1:1.54399 (88.6% retracement of 1.5512 and 1.4564) PRICE: 1.5420@ 04:41 GMT •SUP 1: 1.5420 (20 day HMA) •SUP 2 : 1.5350 (55 day HMA) •SUP 2: 1.5260 (Resistance turned into support) •SUP 3:1.5160...