Daily forex signal analysis

[jonsmith]

EUR/JPY pair

The secondary trend of EUR/JPY is bearish on charts and price is sustaining below trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 132.20 and support at the level of 130.65. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is also sustaining in its selling zone indicating the bearish trend in the pair.

STRATEGY: EUR/JPY 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.

 

[jonsmith]

Today's Forecast

USD/CHF

The primary trend of USD/CHF is bullish on charts and price is sustaining at channel support in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.0220 and support at the level of 1.0105. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: USD/CHF is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.

 

[jonsmith]

EURAUD hourly trend

The primary trend of EUR/AUD is bearish on charts and price is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4955 and support at the level of 1.4805. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.


STRATEGY: EUR/AUD 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.

 

[jonsmith]

GBP/AUD

The secondary trend of GBP/AUD is bullish on charts and price is sustaining above the trend line after breakout in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level 2.1045 and support level 2.0705.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions.

 

[jonsmith]

AUDUSD

The secondary trend of AUD/USD is bullish on charts and price is expected to break above the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair.

Resistance level of 0.7280 and Support level of 0.7155.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY:
One can go for buy on lower level strategy for this pair for intra day to mid term positions.

 

[jonsmith]

EURAUD

The primary trend of EUR/AUD is bearish on charts and price is sustaining below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 1.4830 and Support level of 1.4570
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EUR/GBP TODAY'S ADVICE
The primary trend of EUR/GBP is bearish on charts and price is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair.

Resistance level of 0.7050 and Support level of 0.7000
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.


INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EUR/CAD

The primary trend of EUR/CAD is bearish on charts but price is sustaining above the trend line after giving breakout in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA but taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 1.4280 and Support level of 1.4050
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: EUR/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

GBPJPY

The secondary trend of GBP/JPY is bearish on charts and price is sustaining below the trend line after giving breakout in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating uptrend of the pair.


Resistance level of 186.05 and Support level of 183.85
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
MACD is sustaining in its -ve territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.


STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

GBP/AUD

The secondary trend of GBP/AUD is bearish on charts and price is sustaining above the trend line after giving breakout in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating resistance of the pair.
Resistance level of 2.0770 and support level of 2.0330
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: GBP/AUD 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 in it.

 

[jonsmith]

EUR/CAD
The primary trend of EUR/CAD is bullish on charts and price is sustaining above trend line after giving breakout in in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance Level of 1.4675 and Support level of 1.4380
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EURGBP PAIR LEVELS
The secondary trend of EUR/GBP is bullish on charts and price is trading with Penant formation in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 0.7350 and Support level of 0.7115
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATOR
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EUR/GBP

The secondary trend of EUR/GBP is bullish on charts and price is trading with Penant formation in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 0.7280 and Support level of 0.7160
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EUR/CAD

The secondary trend of EUR/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 1.5000 and Support level of 1.4795
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY:One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

GBP/JPY

The primary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating uptrend of the pair.

Resistance level of 185.35 and Support level of 183.65
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

EUR/JPY

The priomary trend of EUR/JPY is bearish on charts and price is trading in channel between upper and lower resistance trend line in its daily chart. In daily chart the price is sustaining below 50 day SMA indicating downtrend of the pair.

Resistance level of 134.00 and Support level of 132.20
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.

STRATEGY: EUR/JPY 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 in it.

 

[jonsmith]

USDCAD

The primary trend of USD/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 1.3780 and Support level of 1.3670
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: USD/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

GBPAUD

The secondary trend of GBP/AUD is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair.

Resistance level of 2.1050 and Support level of 2.0665
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: GBP/AUD 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 in it.

 

[jonsmith]

EURCAD

The primary trend of EUR/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair
Resistance level of 1.5200 and Support level of 1.4940
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: EUR/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

 

[jonsmith]

USDJPY
The primary trend of USD/JPY is bullish on charts and price is trading in triangle formation in its daily chart. In daily chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair.

Resistance level of 123.80 and Support level of 120.25
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: USD/JPY 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 in it.