Daily forex signals - page 3
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Not a bad analysis. Keep it on
Eurjpy
The secondary trend of EURJPY is sideways on charts. In its 4 hourly chart, the pair is sustaining below its falling trend line. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 135.72. If it breaks its resistance level of at upside and sustains above it then we can expect it to show further upside movement.
INDICATORS:- RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating the upcoming bullish trend in the pair.
STRATEGY: EURJPY is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
Eurusd
The secondary trend of EURUSD is sideways on charts. In its 4 hourly chart, the pair is not sustaining at lower levels. Prices are consolidating with strong positive bias and its 30 and 200 DMA are also providing support to the prices indicating the further up-trend. If it breaks its resistance level of 1.1390 & sustains above it then it is expected to show further upward movement in next few days.
INDICATORS:-
RSI - Prices are sustaining in buying territory, supporting the upside movement in the market.
MACD is sustaining in buying territory, supporting the upside movement in the market.
STRATEGY:- EURUSD is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
EURUSD is very dangerous to trade for the next couple of days
EURUSD is very dangerous to trade for the next couple of days
They are doing exactly the same thing today as they did yesterday
NZDUSD trend
The secondary trend of NZDUSD is sideways on charts. In its hourly chart, the pair has given break out of its rising channel indicating the downside movement in the market. It is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 DMA is also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 0.6808. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
RSI is sustaining near selling territory indicating the upcoming bearish trend in the pair.
STRATEGY: NZDUSD 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.