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

EUR/GBP Techncal Analysis and Forecast for Friday, February 27 2015

EUR/GBP

 

SUMMARY : The primary trend of EUR/GBP is bearish. The pair has given a breakout of falling trendline & sustaining successfully below the breakout level. prices are looking further bearish for the few upcoming sessions. Today if the pair breaks 0.7250 then we can expect it to continue its ongoing down trend & test the level of 0.7200/ 0.7171 in today's session. RSI is sustaining in selling territory supporting the downside movement in the pair.

MACD line is sustaining below the zero line,indicating the up coming bearishness in the market.

   

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STRATEGY :- EUR/GBP is looking weak on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Technical Chart