GBP/CAD Aanalysis: GBP/CAD pair has been trading in upward channel, GBP has make breakout of 200MA/50MA/50EMA and approaching the target of 1.74982 with stop loss of 1.70380 closing basis. Indicators like RSI has been looking bullish stood at 55 when analysed and MACD volume also showing signs of next bullish leg of GBP. Traders can take long position with target...
EUR/USD Forecast: EUR/USD pair has been trading in range from couple of week, pair failed to break trendline resistance at 1.14966 and made false break. EUR has been under pressure and now approaching toward strong support at 1.13023. Today pair has broken the 50MA/EMA downside indicating weakness in EUR. Traders can take short entry at 1.13963 with target 1.13023...
EURAUD forecast: EURAUD pair has been trading in downtrend channel and respecting channel support and resistance, it touched today channel resistance at 1.58998 also the resistance at 50MA, pair should approach towards channel support around 1.55884 as channel support. Indicators such as RSI and MACD also showing short entry. Traders can enter short position at...
AUD/USD pair has been trading in rising channel and respecting the channel support and resistance, after touching the channel resistance at 0.72952 it has now been approaching channel support at 0.71468 on daily chart. Indicators like RSI showing short entry and MACD volume also decreasing indicating weakness in the pair. Traders can take short entry at 0.72336...
EURGBP Forecast: EURGBP pair after touching the double bottom at 086562, pair made smart up move last week, EURGBP now approaching towards resistance level at 200MA which it broke 0.88600 in coming week. Other indicators like RSI stood at 41.96 while MACD crossover seems to happen soon indicating bullish trend up to 0.88600 with stop loss at 0.87053 closing basis....
EURGBP Forecast: EURGBP pair after touching the double bottom at 086562, pair made smart up move last week, EURGBP now approaching towards resistance level at 200MA which it broke 0.88600 in coming week. Other indicators like RSI stood at 41.96 while MACD crossover seems to happen soon indicating bullish trend up to 0.88600 with stop loss at 0.87053 closing basis....
NZDUSD Forecast: NZDUSD pair has been trading in rising channel and after hitting out channel resistance 0.69399 tomorrow, pair today also made attempt to break the channel but failed and seems approaching channel support target at 0.68433. The pair is in bullish mode but temporary short entry is favorable with target 0.68433 and keep stop loss 0.69400 on closing basis.
USDCAD Forecast: USDCAD after hitting the out last week target 1.31093, the pair has been trading at strong support 200MA and pair has respected the level multiple times, usd/cad is ready to go agian green with target 1.32314 in tomorrow with strict sloploss 1.30933 (closing basis), there is high probability long entry above the 200MA, whereas indicators like RSI...
USDCHF Forecast: USD/CHF made smart bullish trendline breakout today and showing strength to close above the trendline. The pair is approaching the next leg of bullish candle target of 1.00416 before the release of NFP or USD may go further up if NFP numbers are good. Other technical indicators like RSI stood at 55.23 at the time of analysis, MACD also showing...
EURUSD Forecast: EURUSD pair has to trade in range between 1.14084 to 1.14990 before NFP release. EURUSD hold support at 50MA and 50EMA 1.14063 & 1.13899. EURUD showing bullish sign and approaching the target of 1.14990 in current week. Indicators such as RSI stood at 54 at the time of analysis and MACD also showing signs of bullish crossover. Traders can enter...
GBPEUR Forecast: GBPEUR pair took a smart bull run in couple of last weeks, the pair's bullish momentum seems to be fading as trading at strong resistance 1.1599, pair failed to continue momentum and made a bearish candle on the first day and trend should continue to whole week up the target of 1.1427 as ultimate support. Other indicators like RSI seems ready for...
USDCAD Forecast: USDCAD pair, USD sees lost the bullish momentum again and failed to make breakout 1.33586 also the resistance at 50MA which the pair failed. UDSCAD again made big bearish candle on daily chart in closing week. The next week USDCAD forecast seems bearish with target up to 1.31093 as strong support at 200MA, other indicators like RSI stood at 38.80...
GBP/USD pair, had made smart rising channel breakout and closed outside the rising channel indicating that the bullish momentum to continue further target up to 1.32046, whereas pair has stiff resistance ahead 200MA 1.30793 and doji like pattern also indicate indecisiveness at the same level. Other technical indicators like RSI and MACD still in favour of bulls....
GBPEUR pair has recovered swiftly after tumbling to 1.0988 on brexit fear but pair made smart recovery when voting against brexit, GBP/EUR has now shown full strength and now ready to cool down as it is trading as stiff resistance at 1.1496, technical analysis show pair has to trade in range in couple of week between 1.1496 to 1.1371 as downside support, next...
USDCAD pair after taking a swing low in last week, has been recovering and seems to make breakout 1.33540, once pair breaks that level will target the level of 1.34463, 1.33540 the level 50MA. Pair has made breakout today, but entry to be taken on close above the 1.33540, Other indicators such as RSI and MACD crossover seems to happen soon Favorable entry would be...
AUD/USD has been trading in consolidation and trading in range between 0.72110 to 0.70403, pair has been failed to make breakout above the 50MA and still trading below 200MA, trendline also suggest downtrend to remain in the current week. Traders may look for short position with a target of 0.70403 with SL close above on daily candle 0.72110. Other indicators...
USDCHF pair, USD has made smart recovery after it fell to low 0.97165 and made big attempt in week to gain lost position, USD also made smart upside breakout breaking downward channel. The pair also made smart breakout breaking 200MA and 50MA. USD in the current week can approach target of of 1.00416 which is strong resistance. Other technical indicators RSI and...
EURUSD pair has broken channel support (1.14188) and after retesting the same level again it failed to breakout upside and remained under pressure and fell further downside, the coming week sees a consolidation week, pair seems to trade between range (1.14188 - 1.13023), strong support seen at 1.13023 which it may retest. Technical Indicators RSI Stood at 45.02...