GBP/JPY Forex Signals for Traders Tuesday, February 24 2015

 

GBP/JPY

SUMMARY : The primary trend of GBP/JPY is bullish, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from falling trendline, consolidating & gaining strength to break it upside. Today if the pair breaks 184.20 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 184.87/185.20 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair.

MACD line has recently break the zero line,indicating the up trend in the market.

 

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STRATEGY :- GBP/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.

Technical Chart

USD/CAD Currency Pair Forex Signal for Thursday, February 19 2015

 

USD/CAD Currency Pair

 

SUMMARY : USD/CAD currency pair trend is majorly on the bullish side, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from the level of 1.2465, consolidating & gaining strength to break it upside. Today if the pair breaks 1.2465 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 1.2490/ 1.2530 in today's session.

Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in buying territory supporting upside movement in the pair. MACD line has recently break the zero line, indicating the up trend in the forex market.

 

Technical Chart

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

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AUD/USD Currency Pair Forex Technical Report as on Monday, February 16 2015

 

AUD/CAD

SUMMARY :- The major trend of AUD/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 0.9652 then we can expect it to test the level of 0.9620 in today's session. 

 

Technical Chart

STRATEGY:- For Today AUD/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day positions. 

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EURO/USD Currency pair Forex Technical Report for Tuesday, February 10 2015

EUR/USD

Trend:

The trend of EUR/USD is majorly bearish, but the pair is not sustaining at lower levels, we can expect a short term recovery in the currency pair for next few trading sessions. Today if the pair breaks the important level of 1.1365 at upside then we can expect it to test the level of 1.1395/1.1430. Prices are taking support of 30 SMA & can come up to test the falling trendline.

RSI is also sustaining in buying territory supporting the ongoing trend. MACD line is to break the zero line,indicating the up trend in the market.

 

Technical Chart

Trading Strategy :- 

EUR/USD is not sustaining at lower level & looking bullish on charts. One can go long on dips strategy for this pair for intra day to mid term positions.

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EUR/JPY Forex Trading Report as on Monday, February 09 2015

EUR/JPY

SUMMARY:

The major trend of EUR/JPY is bearish but from past 2-3 weeks prices are not sustaining at lower levels & consolidating near the important level of 135.50. Prices has given the breakout of falling trendline & sustaining above the breakout level successful y. Prices are taking support of 30 SMA & can come up to test 200 SMA. Today if the pair breaks the psychological level of 135.35 at upside then we can expect it to test the level of 136.15.

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD line has recently break the zero line,indicating the up trend in the market.

Technical Chart

STRATEGY

EUR/JPY is looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.