AUD/USD
( 4 HOURLY )
RECOMMENDATION:
SELL
The primary trend of
AUD/USD is bearish on charts and price is trading below the trend
line in its 4 hourly chart. In 4 hourly chart the price is sustaining
below 200 day SMA and taking resistance of 50 day SMA on the downside
indicating downtrend of the pair. It is having an important
resistance at the level of 0.7405 and support at the level of 0.7245.
If it breaks its support level on the downside and sustains below it
then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in
its negative territory indicating the bearish trend in the pair.
RSI is sustaining in
its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
AUD/USD is
looking bearish on charts for next few trading session. One can go
for sell on higher level strategy for this pair for intra day to mid
term positions in it.
EUR/USD
( DAILY )
RECOMMENDATION:
SELL
SUMMARY:
The primary trend of
EUR/USD is bearish on charts and price is trading below the trend
line in its daily chart. In daily chart the price is sustaining above
200 day SMA and taking resistance of 50 day SMA on the downside
indicating downtrend of the pair. It is having an important
resistance at the level of 1.1375 and support at the level of 1.1280.
If it breaks its support level on the downside and sustains below it
then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in
its negative territory indicating the bearish trend in the pair.
RSI is sustaining in
its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
EUR/USD is
looking bearish on charts for next few trading session. One can go
for sell on higher level strategy for this pair for intra day to mid
term positions in it.
GBP/USD
( 4 HOURLY )
RECOMMENDATION:
SELL
SUMMARY:
The primary trend of
GBP/USD is bearish on charts and price is trading below the trend
line in its 4 hourly chart. In 4 hourly chart the price is sustaining
below 50 day SMA and taking resistance of 200 day SMA on the downside
indicating downtrend of the pair. It is having an important
resistance at the level of 1.4425 and support at the level of 1.4340.
If it breaks its support level on the downside and sustains below it
then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in
its negative territory indicating the bearish trend in the pair.
RSI is sustaining in
its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
GBP/USD is
looking bearish on charts for next few trading session. One can go
for sell on higher level strategy for this pair for intra day to mid
term positions in it.
