Hello, I am new here but I have been trading for a while. I thought to provide some of my own analysis here. Please do provide feedback.
USDCHF continues hovering around the 200-day SMA in an attempt to clear 0.9000 psychological mark resistance. A decisive break above 0.9000 has the potential to provide further lift to the pair till 0.9140 horizontal resistance area.
However, rejection of 0.9000 mark and subsequent break below last week's low of 0.8935 could weaken the pair to re-test 100-day SMA support near 0.8890 level. You can see the chart below.
NZDUSD
The pair reversed from an important support turned resistance zone near 0.8520-0.8500 zone. Moreover, it has also dropped below 100-day SMA support, suggesting continuation of the weakening trend towards 0.8400 mark. Traders could utilize any pull-back to initiate fresh short positions.
GOLD
Gold prices seems to continue to be compressed by 20-EMA on H1 chart. A pullback from $1240.86 (near to the 23.6% Fibonacci Retracement level of its Aug. 2013 to December 2013 down leg on Daily Chart) may lead it towards $1248 (current 20-EMA) and then the downside pressure can continue to force the yellow metal towards $1240 again. Should it break $1240, it is vulnerable to test $1235 and $1230 on the immediate basis.
AUDUSD
Having breached the 0.9300 level, the pair fell to its next support of 0.9255. The MACD and a cross of 20-EMA to 40-EMA signals the short term downtrend towards 0.9230 and 0.9200. However, a pullback 0.9270 and 0.9300 can be expected concerning the current recovery from lows.
Hope it helps!
USDCHF continues hovering around the 200-day SMA in an attempt to clear 0.9000 psychological mark resistance. A decisive break above 0.9000 has the potential to provide further lift to the pair till 0.9140 horizontal resistance area.
However, rejection of 0.9000 mark and subsequent break below last week's low of 0.8935 could weaken the pair to re-test 100-day SMA support near 0.8890 level. You can see the chart below.
NZDUSD
The pair reversed from an important support turned resistance zone near 0.8520-0.8500 zone. Moreover, it has also dropped below 100-day SMA support, suggesting continuation of the weakening trend towards 0.8400 mark. Traders could utilize any pull-back to initiate fresh short positions.
GOLD
Gold prices seems to continue to be compressed by 20-EMA on H1 chart. A pullback from $1240.86 (near to the 23.6% Fibonacci Retracement level of its Aug. 2013 to December 2013 down leg on Daily Chart) may lead it towards $1248 (current 20-EMA) and then the downside pressure can continue to force the yellow metal towards $1240 again. Should it break $1240, it is vulnerable to test $1235 and $1230 on the immediate basis.
AUDUSD
Having breached the 0.9300 level, the pair fell to its next support of 0.9255. The MACD and a cross of 20-EMA to 40-EMA signals the short term downtrend towards 0.9230 and 0.9200. However, a pullback 0.9270 and 0.9300 can be expected concerning the current recovery from lows.
Hope it helps!
