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.
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