Showing posts with label Forex technical analysis. Show all posts
Showing posts with label Forex technical analysis. Show all posts

Wednesday 21 January 2015

GBP-USD Forex Technical Report for Wednesday, January 21 2015


 


SUMMARY:
The major trend of GBP/USD is bullish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 1.5180 at upside we can expect it to test the level of 1.5200/1.5230. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.


STRATEGY  
GBP/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Monday 24 November 2014

NZD USD Forex Technical Report


Daily Technical Report

Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD


1.2369


1.2366


1.2369


1.2366


1.2369


1.2366


1.2369
GBP/USD
1.5643
1.5640
1.5643
1.5640
1.5643
1.5640
1.5643
USD/JPY
117.51
117.62
117.72
117.83
117.92
118.03
118.12
USD/CHF
0.9668
0.9682
0.9700
0.9714
0.9732
0.9746
0.9764
AUD/USD
0.8658
0.8663
0.8672
0.8677
0.8686
0.8691
0.8700
EUR/GBP
0.7895
0.7899
0.7904
0.7908
0.7913
0.7917
0.7922
USD/CAD
1.1216
1.1223
1.1228
1.1235
1.1240
1.1247
1.1252
NZD/USD
0.7871
0.7875
0.7882
0.7886
0.7893
0.7897
0.7904


Today's Chart: NZD/USD ( DAILY )


SUMMARY:
The secondry trend of NZD/USD is bearish, but prices are not sustaining on lower levels the pair is sustaining below the falling trendline & consolidating with a positive bias. If NZD/USD breaches the level of 0.7980 & sustains above it then we can expect it to come up to the levels of 0.8090. I n it daily chart 30 DMA is working as a support & prices can come up to test 200 DMA. RSI is sustaining in buying territory & indicating the upcoming buying in the pair.
In MACD , MACD line has recently breach the zero line, supporting the upside movement for next few sessions.

STRATERGY :- For this week, NZD/USD is looking strong on charts. Indicators also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Wednesday 19 November 2014

Today's Forex Technical Report


Daily Technical Report


Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD 1.2421 1.2466 1.2510 1.2555 1.2599 1.2644 1.2688
GBP/USD 1.5474 1.5531 1.5607 1.5664 1.5740 1.5797 1.5873
USD/JPY 115.93 116.37 117.18 117.62 118.43 118.87 119.68
USD/CHF 0.9456 0.9493 0.9531 0.9568 0.9606 0.9643 0.9681
AUD/USD 0.8448 0.8523 0.8571 0.8646 0.8694 0.8769 0.8817
EUR/GBP 0.7926 0.7956 0.7981 0.8011 0.8036 0.8066 0.8091
USD/CAD 1.1233 1.1262 1.1301 1.1330 1.1369 1.1398 1.1437
NZD/USD 0.7728 0.7782 0.7818 0.7872 0.7908 0.7962 0.7998


Today's Chart: AUD/USD ( HOURLY )

SUMMARY:
The primary trend of AUD/USD is bearish, it has formed a falling wedge in its hourly chart which is expected to give breakout at upside. If AUD/USD breaks the level of 0.8610 & sustains above it then, can come up to the levels of 0.8660 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.

Technical Chart

STRATERGY :- AUD/USD 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

Wednesday 12 November 2014

FOREX Technical Report on USD and CAD


Technical analysis of  US Dollar and Canadian Dollar in the forex market
Technical Chart
SUMMARY
The primary trend of USD/CAD is bullish. It is sustaining below the falling trend line & consolidating with a positive bias. 


Prices are taking support from 30 SMA & can come up to test the 200 SMA . 

Today if the pair sustains above 1.1330 we can expect it to test the level of 1.1350/1.1370.
RSI is also sustaining in buying territory supporting the further bullishness in the market.
 
USD/CAD

STRATEGY 

For Today, USD/CAD is looking strong on chart. 

We can expect upside movement for few upcoming session. 

One can go for buy on dip strategy for this pair for intra day to mid term positions.