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