Daily Forex Technicals | Written by India Forex
Euro : EURO is holding below the 100 day EMA in daily charts. Its moving according to our expectation and the 1st target of 1.44 has reached. We would be looking at the next crucial target of 1.42 levels. Bias still maintains bearish and shorts close to 1.4580 can be taken for target of 200 pips and lower. (EURUSD - 1.4407) Bearish.
Sterling : Cable is maintaining its crucial support again at 1.62 levels. Currently it has been trading in a thin range but still looks bearish in near term. A break below 1.62 levels would target 1.5850 (weekly lower Bollinger) levels soon. It is important that 1.62 is a very strong support of the long term weekly trendline.Our Shorts close to 1.6380 levels have fetched us more than 100 pips . Further shorts on rises can be undertaken. (GBPUSD- 1.6263) Bearish.
Yen : The JPY maintains bearish bias and moved above 90 plus levels as expected. We still maintaining bearish bias for yen targeting 93 plus. (USDJPY- 90.03) Neutral.
Aud : AUD is trading below the weekly trendline resistance and we are looking at 0.8800 levels soon. Shorts at 0.9150 are fetching good profits and target still remains 0.8850 to cover shorts once.(AUDUSD - 0.8919) Bearish.
b Gold recent move seems to have made a top already at 1200 plus levels. Shorts at 1138 were recommended and can be held for target of 1120 dollars. Shorts are favored in near term overall and longs can be initiated only at a level of 1080 dollars. (Gold - $1131.05) Neutral to Bearish.
Dollar Index: The Dollar Index break of 76.82 resistance and sustained trading above 55 days EMA confirms that a medium term bottom is in place at 74.10 already. We're remaining bullish on the dollar index as long as 75.58 resistances turned support holds. Further rise is expected to be seen to 38.2% retracement of 89.62 to 74.19 at 80.08, as a correction to fall from 89.62, in the least bullish scenario. (DI - 77.37) Neutral to Bullish
Daily Forex Technicals | Written by FXtechtrade
EUR/USD
Today's support: - 1.4345, 1.4318 and 1.4304(main), where correction is possible. Break would give 1.4286, where correction also may be. Then follows 1.4241. Break of the latter would result in 1.4222. If a strong impulse, we would see 1.4200. Continuation will give 1.4190 and 1.4177. Today's resistance: - 1.4468 and 1.4501(main). Break would give 1.4524, where a correction is possible. Then goes 1.4558. Break of the latter would result in 1.4572. If a strong impulse, we'd see 1.4591. Continuation will give 1.4622.
USD/JPY
Today's support: - 89.73 and 89.36(main). Break would bring 89.08, where correction is possible. Then 88.80, where a correction may also happen. Break of the latter will give 88.52. If a strong impulse, we would see 88.24. Continuation would give 87.98 and 87.70. Today's resistance: - 90.28 and 90.58(main), where a correction may happen. Break would bring 90.79, where also a correction may be. Then 90.96. If a strong impulse, we would see 91.24. Continuation will give 91.51.
DOW JONES INDEX
Today's support: - 10428.72 and 10394.70(main), where a delay and correction may happen. Break of the latter will give 10366.87, where correction also can be. Then follows 10348.28. Be there a strong impulse, we would see 10322.20. Continuation will bring 10295.60 and 10260.00. Today's resistance: - 10528.42 and 10553.00(main), where a delay and correction may happen. Break would bring 10585.20, where a correction may happen. Then follows 10608.56, where a delay and correction could also be. Be there a strong impulse, we'd see 10622.44. Continuation would bring 10648.13
No comments:
Post a Comment