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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