USD/JPY has recovered after making low of 118.02 and overall trend is bearish as long as resistance 119.60 (34 4HEMA) holds. On the upside break above 119.60 will target 120.10/120.75 in short term. The pair’s minor support is around 118.75 and any indicative break below would extend loss to 118/117.25. Indicators (4 hours Chart) CCI (50)- Sell CCI (14)-...
In 4 hours chart MACD has formed Bearish divergence and slight jump till 142.76 cannot be ruled out .The pair's major support is around 141.25. Short term weakness can be seen only below that level. Recommendation: Buy EUR/JPY around 141.70-75,SL 141.25, Target 142.75
Short term trend- Slightly bullish Silver is trading in narrow range of 15.50 to 17.30 for the past ten trading session and overall trend is slightly bullish and is expected to reach 17.20 in short term. The silver’s minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.20 in short term. Short term trend reversal only...
As per our analysis Gold has broken short term resistance 1185 and has reached our first target $1213. Overall trend is bullish as long as support 1190 holds.
CAD/JPY is trading near major support level 101.80 (trend line joining 92.88 and 99.12) and any break below will take the pair to 99.12/98.03 (61.8% retracement of 106.28 and 92.88). On the upside minor resistance is around 101.50 and any break above will target 101.90/102.30. Indicator (4 Hour Chart) CCI (50) – Sell CCI (14) – Sell Ichimoku-...
USD/CAD has slightly declined after making high of 1.18405 after making low of 1.5591. Medium term trend is bullish as long as support 1.1550 (23.6% retracement of 1.16724 and 1.11211) holds. The break below 1.1550 will take the pair to 1.1462/1.1400. Long term trend reversal -1.1390. On the upside break of 1.16724 would extend gain to 1.1886 (100% Fibonacci...
Positioning Bias: AUD/USD is facing strong resistance around 0.8195 and any short term trend reversal can happen only above that level. On the up side break above will target 0.8275/0.83745 (Dec 10th high). The pair’s minor support is around 0.8030 and any indicative break below will target 0.800/0.7945 in short term. Indicator (4 Hour Chart) CCI (50) –...
Positioning Bias: NZD/USD has retreated slightly till 0.7713 after making high of 0.7847 and short term trend is bearish as long as 0.7805 holds. The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7855 in short term. On the downside minor support is around 0.7700 and any break below will take the pair to 0.7660/0.7609. Indicator (4 Hour...
USD/JPY has broken short term support 119.50 and weakness till 117.90 cannot be ruled out. On the upside minor resistance is around 119.80 (Kijun-Sen) and any break above 120.70/121 in short term. The pair’s minor support is around 119 and indicative break below will target 118.30 (trend line joining 105.18 and 115.55) /117.90. Indicators (4 Hour chart) CCI (50)...
Short term trend- Neutral Silver is trading in narrow range of 15.50 to 17.30 for the past ten trading session and overall trend is neutral waiting for further trend confirmation. The silver’s minor resistance is around 16.27. On the upper side any break above $16.27 will target 16.82/17.03 in short term. Short term trend reversal only above $17.30. Minor support...
Intraday trend-Slightly Bullish Gold has stabilized around $1160 and is slightly recovering from that level. Overall trend is slightly bullish as long as support $1160 holds. On the downside Minor support is around 1160 will take the commodity to 1142/1130 in short term. The minor resistance is around 1185 and any indicative break above would extend gain to...
EUR/JPY has made a low of 143 and is slightly recovering from that level. Overall trend is bearish as long as resistance 145.65 holds. On the upside break above 145.65 will take the pair to 146.25/147.30 in short term. The pair’s minor support is around 145 and any break below would extend gain to 143.50/142.25. Indicators (4 Hour chart) CCI (50) – Sell CCI...
AUD/JPY has made a high of 98.29 (50% retracement of 101.34 and 95.20) and is retreating from this level. Short term trend is weak as long as resistance 98.30 holds. On the upside break above 98.30 would extend gain to 99/100.02 in short term. The pair’s minor support is around 96.75 and any break below will target 96.35/95.80. Indicators (hourly chart) CCI (50)...
USD/CHF has made a high of 1.01163 and retreated till 1.00318., overall trend is bullish as long minor support 0.9919 (Resistance turned into support) holds. On the downside minor support is around 0.99831 and any break below will target 0.9919/0.9834. The pair’s minor resistance is around 1.01163 and any break above will target 1.029/1.0464 in short term. It is...
USD/JPY has recovered after making low of 118.85 and overall trend is bullish as long as SUPPORT 118.75 holds. On the downside minor support is around 119.90 and any indicative break below will target 119.40/118.75 in short term. The pair’s minor resistance is around 120.75 and any break of would extend gain to 121.58/121.85. Indicators (hourly chart) CCI (50) –...
NZD/USD has broken major support and 0.7750 and declined till 0.7702 level. Book full profit in short call given around 0.7815-20 level
EUR/GBP made a low of 0.7744 and has slight recovered till 0.7794 from that level. Overall trend is bearish as long as minor resistance 0.7820 holds. On the upside break of 0.7820 would extend gain to 0.7850/0.7870 in short term. The pair’s minor support is around 0.7740 and break below will target 0.7692/0.7635 Indicators (4 Hour chart) CCI (50) – Sell CCI...
NZD/USD has retreated slightly after making high of 0.7847 low of 0.7713 and overall trend is bearish as long as 0.7855 holds. The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7855 in short term. On the downside minor support is around 0.7700 and any break below will take the pair to 0.7660/0.7609. Indicator (4 Hour Chart) CCI (50) –...