Weekly Forex Technical Report for Prominent Currency Pairs

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.

EUR/AUD Forex Technical Analysis for 04/01/2016

Technical Analysis 

EUR/AUD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and cross over of 50 day SMA on the downside indicating downtrend of the pair. It is having an important resistance at the level of 1.5345 and support at the level of 1.4834. 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.

Forex Market Indicators

MACD is sustaining in its negative zone indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

Trading Strategy 

EUR/AUD 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.

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Currency Pair Pivot Points

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0653	1.0748	1.0804	1.0899	1.0955	1.1050	1.1106
GBP/USD	1.4450	1.4586	1.4667	1.4803	1.4884	1.5020	1.5101
USD/JPY	119.30	119.64	119.99	120.33	120.68	121.02	121.37
USD/CHF	0.9713	0.9782	0.9898	0.9967	1.0083	1.0152	1.0268
AUD/USD	0.7161	0.7201	0.7249	0.7289	0.7337	0.7377	0.7425
EUR/GBP	0.7247	0.7290	0.7327	0.7370	0.7407	0.7450	0.7487
USD/CAD	1.3664	1.3738	1.3793	1.3867	1.3922	1.3996	1.4051
NZD/USD	0.6738	0.6776	0.6812	0.6850	0.6886	0.6924	0.6960

EUR/GBP Technical Analysis as on Tuesday, December 01 2015

TECHNICAL ANALYSIS

EUR/GBP is primarily bearish on the charts and the currency pair is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 0.7050 and support at the level of 0.7000. 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.

FOREX 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.

TRADING STRATEGY 

EUR/GBP 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.

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                          Currency Pairs Pivot Points

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0512	1.0534	1.0552	1.0574	1.0592	1.0614	1.0632
GBP/USD	1.4929	1.4960	1.5009	1.5040	1.5089	1.5120	1.5169
USD/JPY	122.10	122.38	122.80	123.08	123.50	123.78	124.20
USD/CHF	1.0189	1.0221	1.0256	1.0288	1.0323	1.0355	1.0390
AUD/USD	0.7100	0.7134	0.7183	0.7217	0.7266	0.7300	0.7349
EUR/GBP	0.6956	0.6983	0.7001	0.7028	0.7046	0.7073	0.7091
USD/CAD	1.3222	1.3265	1.3308	1.3351	1.3394	1.3437	1.3480
NZD/USD	0.6447	0.6480	0.6538	0.6571	0.6629	0.6662	0.6720

Forex Signal : AUD/USD

Forex Signal : AUD/USD ( 4 HOURLY )

Technical Analysis :

AUD/USD is having bullish secondary trend on the charts. The pair is sustaining below the trend line after breakout and is consolidating at higher levels in its four hourly chart. Price is sustaining above 200 day SMA and 50 day SMA indicating the bullish trend in the pair. It is having an important resistance at the level of 0.7260 and support at the level of 0.7060. If it breaks its resistance level and sustains above it then we can expect it to show further bullish movement in the pair.

Forex Indicators:

MACD is supporting the upcoming bullish trend in the pair.

RSI is also sustaining in its buying zone indicating the upcoming bullish trend in the pair.

Trading Strategy: 

AUD/USD is looking bearish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0785	1.0880	1.0915	1.0972	1.1007	1.1065	1.1158
GBP/USD	1.5235	1.5320	1.5370	1.5407	1.5455	1.5493	1.5580
USD/JPY	1.2075	1.2100	1.2110	1.2125	1.2135	1.2150	1.2170
USD/CHF	0.9737	0.9817	0.9869	0.9897	0.9949	0.9977	1.0057
AUD/USD	0.7045	0.7118	0.7160	0.7190	0.7232	0.7262	0.7335
EUR/GBP	0.7093	0.7097	0.7100	0.7101	0.7104	0.7105	0.7109
USD/CAD	1.2835	1.2961	1.3009	1.3087	1.3135	1.3213	1.3339
NZD/USD	0.6443	0.6561	0.6608	0.6679	0.6726	0.6797	0.6915

Forex Trading Strategies and Technical Analysis for Thursday, March 12 2015

 

Forex Trading Strategies

EUR/USD 

The EURUSD broke down during the session on yesterday, testing the 1.05 level, which is massively supportive. In the meantime, we think that this market simply grinds sideways, as it seems to be a bit oversold. With that, we will pay attention to the movement and wait for any significant breakdown in order to play this particular pair, or a break below the 1.05 level. However, we think that the market eventually sell off, heading to parity as this EU still has all of the same issues as it has had over the last few years.

EUR/USD Technical Analysis

GBP/USD

The GBPUSD broke down during the course of the day on yesterday, slicing through the 1.50 level. This is a massive support level on the longer-term charts. Because of this, it appears that the market will continue to be attracted to that level. We believe that the market should continue to try to break down below the 1.48 level, and given enough time, it certainly will. Once that happens, the British pound should fall apart and head directly to the 1.45 level which is supportive on the longer-term charts. As of now we are in downtrend and expect a lot of volatility between here and 1.48 level. Remember, the US dollar is the strongest currency in the world right now, and it’s difficult to imagine going against it.

GBP/USD Technical analysis

AUD/USD

The AUDUSD tried to break out during the session on yesterday, but found the area above the 0.76 level to be too resistive. Because of this, the market ended up forming a shooting star and looks ready to continue going lower. The 0.75 level is the next major area below, and we fully anticipate the Australian Dollar trading down to that level at least. On top of that, the US dollar continues to remain the strongest currency in the world right now, and therefore we have no interest in going against it.

AUD/USD Technical analysis

USD/JPY

The USDJPY went back and forth during the course of the session on yesterday, essentially proving nothing. The one thing that we notice is the fact that the market didn’t break down after breaking out. That’s a sign that the buyers are serious, and could very well continue to push this market higher over the longer term, which is exactly what we anticipate. Because of this, we believe the pullbacks are buying opportunities, and that the market should break above the 122 level, and then head to 125.

USD/JPY Technical analysis

NZD/USD

The NZDUSD fell during the course of the day on yesterday, as we await the interest-rate decision out of Wellington. Right now, it looks as if it is going to break down and continue to go even lower. With that, we are very bearish of the New Zealand Dollar going forward, as we anticipate that the sellers will continue to control his market. Even if we get some type of rally from here, we believe that rallies will simply offer value in the US dollar, and should be sold as soon as they fade.

NZD/USD Technical analysis