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/CHF Technical Analysis for Wednesday, February 25 2015

 

SUMMARY : USD/CHF is having a bullish trend, prices are taking resistance of falling trend line & consolidating on higher levels with a positive bias. Today if the pair breaks the level of 0.9535 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 0.9580 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair. The technical analysis of USD/CHF is given below.

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

 

USD/CHF

STRATEGY :- USD/CHF 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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GBP/CAD Forex Technical Report for Tuesday, February 17 2015

 

GBP/CAD

SUMMARY :- The major trend of GBP/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 1.9106 then we can expect it to test the level of 1.9066 in today's session with Stop loss of 1.9130.

 

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STRATEGY:- The Strategy For Today GBP/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. 

 

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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