The EUR/USD has hit the 38.2% fib retracement and is forming doji candlestick patterns which hints a possible move downwards. If Quantitative easing is increased tomorrow then we expect the Euro to fall and Vice versa. See www.plusfxtrading.com for more in depth analysis.
Long term, the USDCAD looks bullish. the past few weeks has seen the commodity reliant pairing drop a fair amount due to the recovering oil prices. However, the price has hit the 23.6% fibonacci retracement, therefore we are waiting for some sign of a bullish continuation. The daily chart also shows the price touching the 200 EMA then having a strong bullish...
Now that the GBP/USD has set fresh new lows we had to look at the bigger picture for a hint of the direction. We can see that the price has bounced off a key support zone, therefore, we are going long with the scope of it hitting our resistance. See www.plusfxtrading.com for in depth analysis.
The USD/JPY looks to be dropping off a strong support and near the 23.6% fibonacci line. We enter short with the target set at 111.00. See www.plusfxtrading.com for more analysis.
EUR/USD is currently sitting on a very strong support line, we are awaiting bullish confirmation before entering into a long position. Green line at the previous high is our take profit. please see www.plusfxtrading.com for more analysis.
As the GBP/USD approached the previous low set at 1.406 mark we are awaiting a retracement confirmation. The RSI is approaching the oversold zone aswell. We expect the price to target the 23.6% fib line. see www.plusfxtrading.com for more in depth analysis.
The NZD/USD has currently hit a very strong declining resistance line. This is looking very bearish at the moment with a key inclining support set at roughly 0.658. However, we expect the price to break this support and head southwards towards the low of 0.634. We will sit tight and await a bearish confirmation. See www.plusfxtrading.com for more in depth analysis.
GBP/USD retraced back to the 50% mark after hitting a fresh low which has not been hit since 2008. We are expecting the price to return back to the low of 1.408.
The current resistance is the 23.6% fib line at 1.434 and the support at the 0% line.
Please see www.plusfxtrading.com for more in depth analysis.
The AUD/USD is touching the established support line in a wedge formation. On monday we will consider entering long with an initial target of 0.718. The stop loss will be set just below the swing low. Please see www.plusfxtrading.com for more in depth analysis.
GBP/USD is currently sitting between the .764 lines and the .618 mark. Price recently hit the .618 and strongly declined. We believe the price will be hitting the .764 line maybe even carry onto the previous low at 0. See more Technical analysis at www.plusfxtrading.com
As the EUR/USD approaches a key support level, we are waiting for a solid bullish candlestick formation to signify an entry signal into a long position itially it will target the previous high. Find out more analysis at www.plusfxtrading.com .
