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FOREX ANALYSIS - page 4

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Tayal Smith
370
Tayal Smith  

GBPJPY TODAY

The secondary 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 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 167.71 and Support level of 161.67

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: GBP/JPY 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.

Files:
gbpjpy.png 23 kb
Jack Smith
45
Jack Smith  

GBP is likely to rebound !!!! Very soon. Look for the level of 1.435............

Files:
gbp.png 68 kb
gbp.png 68 kb
Diana Jackson
531
Diana Jackson  

I think we'll have to wait for the fundamentals a little later today to find out whether there will be a rebound or not.

Herbinder Singh
28
Herbinder Singh  

What's the best way to analyze the Forex Business? I am totally new but want to gain success and build my career.

Tayal Smith
370
Tayal Smith  

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 below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

Resistance level of 1.5325 and Support level of 1.5195

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.

Files:
eurcad.png 23 kb
Tayal Smith
370
Tayal Smith  

EURGBP

The secondary trend of EUR/GBP is bullish on charts and price is trading above the trend line 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 0.7900 and Support level of 0.7690

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/GBP 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.

Files:
eurgbp_2.png 24 kb
Tayal Smith
370
Tayal Smith  

USDCHF

The secondary trend of USD/CHF 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 1.0005 and Support level of 0.9905

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/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 in it.

Files:
usdchf.png 23 kb
Tayal Smith
370
Tayal Smith  

GBPCAD

The secondary trend of GBP/CAD is bearish on charts and price is trading below the resistance 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.

Resistance level of 1.9220 and Support level of 1.9050

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/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it.

Files:
gbpcad.png 25 kb
mark havens
50
mark havens  

EURJPY

I believe market concerns for limits of the policy arsenal at the BoJ and Euro Centric risks is rising enough. Looking ahead of the march and June ECB meetings I expect EURJPY to hold a bearish view. The following charts depicts that it has recently broke a downward channel, giving its TP at 118.75.

Files:
eurjpy.jpg 158 kb
Diana Jackson
531
Diana Jackson  

There is a hammer candlestick on the daily time frame, there might be some retracement before the bearish trend continues.

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