Daily Forex Technicals | Written by iFOREX.bg |
EUR/USD 1.3186
EUR/USD Open 1.3278 High 1.3389 Low 1.3169 Close 1.3272
Yesterday Euro/Dollar dropped sharply with around 400 pips since Monday. Yesterday the currency couple rose to the top 1.3389, then sharply dropped, reaching a bottom at 1.3235, and closing the day at 1.3272. On the 4 hour chart it is shown that this was a case of a false break of the trend line, which, of course is not unusual. Immediate support is provided by the above trend line and the Fibonacci level in the region of 1.3150. Break under this zone may cause significant decreasing scenario towards 1.3030. At the moment there is no clear trading range and we expect signs for further movement direction. Signals are neutral for now. The CCI indicator is about to cross down the 100 line on the daily chart, signaling for potential descending pressure.
Technical resistance levels: 1.3590 1.3700 1.3830
Technical support levels: 1.3150 1.3030 1.2900
Trading range: 1.3200 - 1.3135
Trend: Downward
Sell at 1.3186 SL 1.3216 TP 1.3146
Daily Forex Technicals | Written by India Forex |
Euro: Euro has taken resistance from the long term bearish trendline around 1.3560 and also broken the triangle formation and just holding near the 1.3150 to 1.3249 (55 day and 100 day EMA ) The 4 hrly charts has gone flat. Ideally to remain bearish it has to hold below 1.3249. Stay neutral till the range breaks clearly. (Eur/Usd:1.3200). Neutral to slightly bearish.
Pound: Cable retraced 300 pips as expected and should ideally not break the medium term channel support at 1.45. Look for initiating longs around the 1.4489 to 1.4589 levels for a move of 200 pips. (Gbp/Usd: 1.4681). Bullish.
Yen: The Usd/Jpy pair reached towards 101.70 near the long term weekly trendline as expected . Correction could happen till 98.60 levels (100 day EMA). Initiate longs there with tight stops or else on the break of 102 (trendline level) provided it stays for 2-3 days. Neutral to Bullish (Usd/Jpy: 100.08).
Australian Dollar: Aussie is in its correction mode . Look for entering long only at around 0.6852 to 0.6907 levels for a target of 100 pips. Neutral to bullish. (Aud/Usd: 0.7058).
Gold: Gold is holding below the daily and weekly trend lines and likely to be still bearish. Sell at retracements.. Bearish (Gold: $883.77.00)
Dollar index :Dollar index is slightly weak and taking resistance at 85.54 at the holding below the falling trendline near 85.50 levels. The next cluster support at 82.20. It is likely to hold that support but incase it holds below 82 for 2 sessions it may head towards a dollar reversal and target 77.69 levels. (85.50) Bearish.
Daily Forex Technicals | Written by Easy Forex |
Euro 1.3280
Initial support at 1.3113 (Mar 30 low) followed by 1.3072 (Former resistance). Initial resistance is now located at 1.3592 (Mar 27 high) at followed by 1.3678 (Mar 24 high)
Yen 100.70
Initial support is located at 99.35 (Apr 3 low) followed by 98.23 (Apr 1 low). Initial resistance is now at 101.44 (Apr 6 high) followed by 102.41 (Oct 20 high).
Pound 1.4740
Initial support at 1.4450 (Apr 2 low) followed by 1.4241 (Mar 31 low). Initial resistance is now at 1.4986 (Feb 9 high) followed by 1.5154 (Jan 12 high).
Australian Dollar 0.7115
Initial support at 0.7044 (Apr 7 low) followed by the 0.6976 (Apr 2 low). Initial resistance is now at 0.7229 (Apr 3 high) followed by 0.7268 (Jan 7 high).
Gold 883
Initial support at 852 (Jan 23 low) followed by 843 (Jan 23 low). Initial resistance is now at 909 (Apr 1 high) followed by 945 (Mar 26 high).
Currency Sup 2 Sup 1 Spot Res 1 Res 2
EUR/USD 1.3072 1.3113 1.3280 1.3592 1.3678
USD/JPY 98.23 99.35 100.70 101.44 102.41
GBP/USD 1.4241 1.4450 1.4740 1.4986 1.5154
AUD/USD 0.6976 0.7044 0.7115 0.7229 0.7268
XAU/USD 843.00 852.00 883.00 909.00 933.00
DOW JONES INDEX
Today's support: - 7738.20, 7710.12 and 7680.73(main), where a delay and correction may happen. Break of the latter will give 7652.32 where correction also can be. Then follows 7918.26. Be there a strong impulse, we would see 7593.74. Continuation will bring 7558.30 and 7543.06.
Today's resistance: - 7798.23 and 7830.12(main), where a delay and correction may happen. Break would bring 7853.50, where a correction may happen. Then follows 7876.05, where a delay and correction could also be. Be there a strong impulse, we'd see 7897.44. Continuation would bring 7920.14.
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