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

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/CHF Technical Analysis and Forex Strategy for Wednesday, March 11 2015

EUR/CHF

TECHNICAL ANALYSIS : EUR/CHF is bullish in its secondary trend but prices are no more sustaining at higher levels & looking bearish 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 1.0650 Today if the currency pair breaks its support level & managed to sustain below it, then we can expect it to continue to trade with negative bias & test the level of 1.0570 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair. 

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STRATEGY :- EUR/CHF 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.

Technical Analysis

NZD JPY Technical Analysis Tuesday, March 03 2015

Technical Analysis : The primary trend of the currency pair NZD/JPY is bullish, prices are successfully sustaining on the higher levels & looking bullish for the few upcoming sessions. The pair has formed a falling wedge on higher level, which is expected to give a breakout at upside. Prices are also taking resistance from the important level of 90.30, consolidating & gaining strength to break it upside. Today if the pair breaks 90.35 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 90.60 in today's session.

RSI is sustaining in buying territory supporting upside movement in the pair.

 

NZD/JPY

STRATEGY :- NZD/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Daily FOREX Technical Analysis