EUR/CAD has taken support at 1.4170 and has recovered from that level. It has also broken minor resistance 1.4250 (Oct 23rd high) and is expected to trade higher in the coming days. Short term trend is bullish .On the upper side break of 1.4250 will target 1.4308/1.4350 (61.8% retracement of 1.44552 and 1.4159). Minor support is around 1.4200. An indicative break...
USD/CHF major resistance (R1) -0.95601.Trend reversal only above 0.95601 level. A break of indicative resistance area 0.95601 would extend gain to 0.9593/0.9625. Major support (S1) - 0.9469 (Cloud bottom). Break below S1 will target 0.9420(S2)/0.9350(S3). Short term trend is slightly weak and it is good sell on rallies. We prefer to sell on rallies near 0.9520...
GBP/USD has broken minor resistance 1.6082 and is expected to trade higher for the intraday . On the higher side break above will target 1.6140/1.6183 (Oct 21st high). Major support is around 1.6020. Intraday weakness can be seen only below that level. Recommendation: Buy GBP/USD around 1.6080-85, SL 1.6020,Target 1.6140/1.6183
USD/JPY is facing minor support at 107.63 (Kijun-Sen). Intra day weakness can be seen only below that level. On the downside below 107.63 will target 107/106.74. Minor resistance is around 108.35. Break above will take the pair to 108.80/109.25. Recommendation: Buy USD/JPY around 108, SL 107.63, Target 108.80/109.25
AUD/JPY has recovered after making a low of 91.75. Intraday trend is slightly positive and is expected to go up to 96 in the coming days. Minor resistance is around 94.58 (200 day MA). On the upper side break above will target 95.18 (50% retracement of 98.66 and 91.75)/96. Minor support is around 94.15. Break below will target 93.75/93.50. Recommendation: Buy...
According to our analysis GBP/USD has made a low of 1.5995 and is currently trading at 1.6012. Overall trend is still weak and is expected to reach 1.5950 (our 2nd target). Intra day bullishness can be seen only above 1.6080.
GBPUSD is facing minor resistance around 1.6080 (trend line joining 1.6412 and 1.6225) and intraday bullishness can be seen only above that level. On the upper side break above will target 1.6140/1.6183. Minor support is around 1.6050 and break of will target 1.6005/1.5950. Recommendation: Sell GBP/USD around 1.6040, SL 1.6082, Target 1.6005/1.5950.
Short term trend is bullish and is expected to reach 1.1250/1.12950. Recommendation: Buy USD/CAD around 1.1215, SL 1.1200, Targets 1.1250/1.12950.
GBPUSD has broken short term support 1.6050 (Oct 17th low) and is expected to trade lower in the coming days. On the downside break of 1.6050 will target 1.6005/1.5950. Minor resistance is around 1.6080. Break above 1.6080 will target 1.6140/1.6183 (Oct 21st high). Recommendation: Sell GBPUSD around 1.6060, SL 1.6082, Target 1.6005/1.5950.
AUD/JPY major resistance -94.51(Oct 014th high and also 61.8% retracement of 96.02 and 91.74). Trend reversal level only above 94.51. Minor support is around 93.70. On the downside break below 93.38 (38.2% retracement 96.02 and 91.75) and 92.85 (Oct 12th low)). Recommendation: Sell AUD/JPY around 93.80-85, SL 94.51, Targets 93.38/93.02.
USDJPY Trend reversal level -107.60. Short term trend -Slightly weak. Target -106.54 (50% retracement of 105.19 and 107.39)/106.33 (Kijun-Sen) Stop Loss - 107.60. Recommendation : Sell USD/JPY around 107.20-25, SL 107.60, Targets 106.54/106.33
Long term charts paint a bullish picture Pair will closed week above key 55 WMA while RSI is biased up & room to run We look to get long at 0.8360 which is near a long term pivot We expect 0.8435/60 resistance to break & target 0.8585 (2.6%), stop is set at 0.8125 (2.8%)