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.

GBP/AUD Forex Technical Analysis for 13/4/2016

Technical Analysis

The primary trend of GBP/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and is taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.9105 and support at the level of 0.8885. 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.

GBP/AUD

Market 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 

GBP/AUD is looking bullish 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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EUR/AUD Technical Analysis for the day

Technical Analysis

EUR/AUD is having bearish secondary trend  on the charts and the pair is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.5590 and support at the level of 1.5345. 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.

EUR/AUD

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.

Technical Chart

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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GBP/JPY Technical Analysis for Today

Technical Analysis :

GBP/JPY is having sideways secondary trend  on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 185.30. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.

Indicators: 

MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

Trading Strategy: GBP/JPY 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.

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AUD/NZD Technical Analysis and Forex Strategy for Monday, April 13 2015

AUD/NZD

RECOMMENDATION : BUY TARGET 1.0340

SUMMARY:-

The major trend of AUD/NZD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 1.0230. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 1.0230 at upside then we can expect it to test the level of 1.0300/1.0340.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line, indicating the up trend in the market.

Technical Chart

STRATEGY:- 

AUD/NZD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

AUD-CAD Forex Technical Report

Daily Technical Report

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2429	1.2466	1.2502	1.2539	1.2575	1.2612	1.2648
GBP/USD	1.5530	1.5580	1.5637	1.5687	1.5744	1.5794	1.5851
USD/JPY	116.38	117.05	117.63	118.30	118.88	119.55	120.13
USD/CHF	0.9498	0.9524	0.9555	0.9581	0.9612	0.9638	0.9669
AUD/USD	0.8494	0.8529	0.8573	0.8608	0.8652	0.8687	0.8731
EUR/GBP	0.7905	0.7937	0.7964	0.7996	0.8023	0.8055	0.8082
USD/CAD	1.1186	1.1237	1.1268	1.1319	1.1350	1.1401	1.1432
NZD/USD	0.7745	0.7775	0.7823	0.7853	0.7901	0.7931	0.7979

Today's Chart: AUD/CAD ( HOURLY )

Technical Chart

SUMMARY:

AUD/CAD is in consolidating phase, in its hourly chart prices are not sustaining at lower levels & consolidating with a positive bias. If AUD/CAD breaks the level of 0.9780 & sustains above it then, can come up to the levels of 0. 9820 in today's session. Prices are taking support of 30 DMA & can come up to test 200 DMA. RSI & Stochastic is also supporting the buying for intraday positions.

STRATEGY :- AUD/CAD is looking strong on charts. Indicators are also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions

GBP JPY Forex Technical Analysis

SUMMARY :

GBP/JPY is in uptrend but prices are not sustaining on higher level. It is sustaining on rising trendline & forming a double top formation on higher levels,which is expected to give a breakout downside. If GBP/JPY breaks the level of 181.40 it can come down to the levels of 180.40 . Prices are taking resistance from 30 DMA & consolidating for gaining strength to give down side breakout. RSI is sustaining below the 50 level & showing no strength to breaking it upside & indicating to continue the down trend for this week also. MACD line is sustaining below the Zero line & supporting the downside movement for next few sessions.

 

Technical Chart

STRATEGY :

GBP/JPY is looking weak on charts. Indicators also supporting the same. One can go for sell on higher level strategy for this pair for intra day to mid term positions