GBP/USD Forex Technical Analysis as on Friday, September 11 2015

Technical Analysis: 

GBP/USD is having secondary sideways trend on charts. In its hourly chart, the pair is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.5475. If it breaks its resistance level of 1.5475 at upside then we can expect it to show further upside movement.

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Indicators:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.

Technical Chart

Trading Strategy: GBP/USD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1072	1.1121	1.1201	1.1250	1.1330	1.1379	1.1459
GBP/USD	1.5222	1.5279	1.5363	1.5420	1.5504	1.5561	1.5645
USD/JPY	118.53	119.24	119.92	120.63	121.31	122.02	122.70
USD/CHF	0.9583	0.9640	0.9686	0.9743	0.9789	0.9846	0.9892
AUD/USD	0.6813	0.6878	0.6974	0.7039	0.7135	0.7200	0.7296
EUR/GBP	0.7172	0.7206	0.7254	0.7288	0.7336	0.7370	0.7418
USD/CAD	1.3074	1.3124	1.3189	1.3239	1.3304	1.3354	1.3419
NZD/USD	0.6085	0.6170	0.6230	0.6315	0.6375	0.6460	0.6520

GBP/CAD, AUD/USD and EUR/AUD Technical Analysis

GBP/CAD (HOURLY)

RECOMMENDATION : SELL

SUMMARY:

The primary trend of GBP/CAD is bearish on charts. In its hourly chart, the pair is sustaining at lower levels and is likely to continue its downtrend. Prices are consolidating with strong negative bias and its 30 and 200 DMA are also providing resistance to the prices supporting the further downtrend. If it breaks its support level of 2.0065 & sustains below it then it is expected to show further bearish movement in next few days.

INDICATORS:-

In MACD

Prices are sustaining in the selling territory  supporting the down side movement in the market.

STRATEGY:- GBP/CAD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

AUD/USD ( HOURLY )

RECOMMENDATION : SELL

SUMMARY:

The primary trend of AUD/USD is bearish on charts. In its hourly chart, the pair is sustaining at lower levels and is likely to continue its downtrend. Prices are consolidating with strong negative bias and its 30 and 200 DMA are also providing resistance to the prices supporting the further downtrend. If it breaks its support level of 0.6905 & sustains below it then it is expected to show further bearish movement in next few days.

INDICATORS:-

MACD is sustaining in selling territory  supporting the down side movement in the market.

STRATEGY:- AUD/USD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

EUR/AUD ( HOURLY )

RECOMMENDATION : BUY

SUMMARY:

The secondary trend of EUR/AUD is sideways on charts. In its hourly chart, the pair is consolidating with strong positive bias to give break out at upside. Its 30 and 200 DMA are also providing support to the bullish movement in the prices. If it crosses its resistance level of 1.6160 then we can expect it to show further upside movement in next few days.

INDICATORS:-

RSI - Prices are sustaining in the buying territory  supporting the up side movement in the market.

MACD is sustaining in buying territory  supporting the up side movement in the market.

STRATEGY:- EUR/AUD is 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.

	S2	S1	R1	R2
EUR/USD	1.0942	1.1044	1.1290	1.1434
GBP/USD	1.4978	1.5074	1.5352	1.5534
USD/JPY	116.83	117.91	120.91	122.83
USD/CHF	0.9474	0.9596	0.9809	0.9900
AUD/USD	0.6721	0.6814	0.7087	0.7267
EUR/GBP	0.7174	0.7260	0.7415	0.7484
USD/CAD	1.3026	1.3155	1.3371	1.3458
NZD/USD	0.6130	0.6206	0.6420	0.6558

EUR/JPY Forex Technical Report for Thursday, September 03 2015

Technical Analysis:

EURJPY is having sideways secondary trend on charts. In its 4 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 134.35. 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: 

EURJPY 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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Povit Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1080	1.1147	1.1186	1.1253	1.1292	1.1359	1.1398
GBP/USD	1.5203	1.5233	1.5267	1.5297	1.5331	1.5361	1.5395
USD/JPY	118.26	118.73	119.53	120.00	120.80	121.27	122.07
USD/CHF	0.9471	0.9521	0.9603	0.9653	0.9735	0.9785	0.9867
AUD/USD	0.6922	0.6951	0.6994	0.7023	0.7066	0.7095	0.7138
EUR/GBP	0.7239	0.7283	0.7310	0.7354	0.7381	0.7425	0.7452
USD/CAD	1.3070	1.3133	1.3200	1.3263	1.3330	1.3393	1.3460
NZD/USD	0.6252	0.6281	0.6315	0.6344	0.6378	0.6407	0.6441

EURGBP Technical Analysis for Friday, August 28 2015

EUR/GBP 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 DMA is also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 0.7275. If it breaks its support level at downside then we can expect it to test the level of 0.7235/0.7205.

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

TRADING STRATEGY: EURGBP 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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Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1012	1.1107	1.1176	1.1271	1.1340	1.1435	1.1504
GBP/USD	1.5202	1.5285	1.5343	1.5426	1.5484	1.5567	1.5625
USD/JPY	118.45	119.11	120.07	120.73	121.69	122.35	123.31
USD/CHF	0.9388	0.9448	0.9555	0.9615	0.9722	0.9782	0.9889
AUD/USD	0.7028	0.7062	0.7115	0.7149	0.7202	0.7236	0.7289
EUR/GBP	0.7212	0.7243	0.7273	0.7304	0.7334	0.7365	0.7395
USD/CAD	1.3016	1.3096	1.3147	1.3227	1.3278	1.3358	1.3409
NZD/USD	0.6375	0.6402	0.6436	0.6463	0.6497	0.6524	0.6558

USD/JPY Forex Technical Analysis and Strategies

TECHNICAL ANALYSIS : The primary trend of USD/JPY is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 120. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 119.60/119.30 in today's session.

INDICATORS

RSI is sustaining near the selling territory, indicating the upcoming bearish trend in the pair.

MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

STRATEGY :- USD/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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AUD/JPY Technical Analysis and Forex Signal for Today

SUMMARY:

The secondary trend of AUDJPY is sideways on charts and from past few trading sessions prices are not sustaining at lower levels & consolidating with strong positive bias to give break out at upside. In its hourly chart, prices are facing an important resistance at the level of 93.20. 200 DMA is also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 93.20 at upside then we can expect it to test the level of 93.60/93.90.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

Technical Chart

STRATEGY:- AUDJPY 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.

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AUD/CAD Technical Analysis and Strategy for Today

SUMMARY:-

The primary trend of AUDCAD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating with strong positive bias to give break out at upside. In its hourly chart, prices are facing an important resistance at the level of 0.9550 . It is also taking support of 30 DMA. If the pair breaks the resistance level of 0.9550 at upside then we can expect it to test the level of 0.9615/0.9650.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

Technical Chart

STRATEGY:- 

AUDCAD 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.

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EUR/JPY Forex Technical Analysis Today

EUR/JPY

TECHNICAL ANALYSIS :-

The primary trend of EUR/JPY is bearish on charts and from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 127.85. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 127.85 at upside then we can expect it to test its 200 DMA and come till the levels of 128.35/128.65.

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INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining above the zero line indicating the bullish trend in the pair.

Technical Chart

STRATEGY:- EURJPY 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.

EUR/USD Technical Analysis and Forex Signal for Monday, April 13 2015

EUR/USD

RECOMMENDATION : SELL TARGET 1.0460

SUMMARY:-

EUR/USD is primarily showing the bearish trend. In its hourly chart, prices are consolidating with strong negative bias. 30 & 200 DMA are also providing resistance to the prices & supporting the further downtrend. If it breaks the level of 1.0570 & sustains below it we can expect it to come down to the levels of 1.0500/1.0460 in next few days.

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INDICATORS:-

RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.

In MACD

Prices are sustaining below the zero line ,supporting the down side movement in the market.

Technical Chart

STRATEGY:- 

EUR/USD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

EUR/NZD Technical Analysis and Forex Strategy as on Monday, March 30 2015

EUR/NZD

RECOMMENDATION : BUY TARGET 1.4580

SUMMARY:

The overall trend of EUR/NZD is bearish, In hourly chart, prices are taking resistance of falling trend line & consolidating with strong positive bias. 30 DMA & 200 DMA are also providing support to the prices & supporting the further uptrend. If EUR/NZD crosses the trend line and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 1.4455 & sustains above it we can expect it to come up to the levels of 1.4530/1.4580 in next few days.

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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:- EUR/NZD is bouncing back from lower levels. One can go for buy on dips level strategy for this pair for intra day to mid term positions.