Daily forex signal analysis

[jonsmith]

GBPUSD SHORT

The primary trend of GBP/USD is bearish 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 resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 1.4950 and Support level of 1.4860
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/USD 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]

EURUSD
The secondary trend of EUR/USD 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 support of 200 day SMA indicating uptrend of the pair.
Resistance level of 1.1010 and Support level of 1.0850
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/USD 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.

 

[RaviSarao]

According to the trend line, we might see a rally continuing in the Euro only if the dollar continues to go weak..

Strategy- trend line analysis!

 

[jonsmith]

USDJPY
The primary trend of USD/JPY is bullish on charts and price is trading above 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 uptrend of the pair.
Resistance level of 123.75 and Support level of 120.15
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.

 

[jonsmith]

EURGBP

The primary trend of EUR/GBP is bearish on charts and price is trading below the trend line in its weekly chart. In weekly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating major downtrend of the pair.

Resistance level of 0.7492 and Support level of 0.7164
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: EUR/GBP 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]

NZDUSD

The secondary trend of NZD/USD 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 0.6896 and Support level of 0.6760
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: NZD/USD 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]

AUDUSD

The secondary trend of AUD/USD 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 0.7305 and Support level of 0.7244
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: AUD/USD 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]

EURJPY ADVICE FOR TODAY

The primary trend of EUR/JPY is bearish 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 resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 132.35 and Support level of 131.35
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: 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]

GBPAUD

The primary trend of GBP/AUD is bearish on charts and price is trading in a channel in its daily chart. In daily chart the price is sustaining below 200 day SMA and cross over of 50 day SMA on the downside indicating downtrend of the pair.

Resistance level of 2.0566 and Support level of 2.0150
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 zone indicating the bearish trend in the pair.
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]

EURAUD

The primary trend of EUR/AUD is bearish on charts and price is trading above 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 on the downside indicating downtrend of the pair.
Resistance level of 1.5095 and Support level of 1.4950
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: 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 in it.

 

[jonsmith]

GBPCAD ANALYSIS

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

Resistance level of 2.0625 and Support level of 2.0500
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/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]

EURCAD ANALYSIS

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

Resistance level of 1.5300 and Support level of 1.5150
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]

EURCAD

The primary 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 1.5430 and Support level of 1.5220
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]

NZD/USD WEEKLY

The primary trend of NZD/USD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 0.6750 and Support level of 0.6430
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: NZD/USD 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]

GBPCAD
The primary trend of GBP/CAD is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 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 2.0750 and Support level of 2.0520
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/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]

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 resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 1.5555 and Support level of 1.5355
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: EUR/CAD 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]

NZDUSD LEVELS

The primary trend of NZD/USD is bearish 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 resistance of 50 day SMA indicating downtrend of the pair.

Resistance level of 0.6505 and Support level of 0.6415
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: NZD/USD 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]

NZDUSD SELL RECOMENDATION


The primary trend of NZD/USD is bearish on charts and price is trading 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 0.6590 and Support level of 0.6375
If it breaks its support level on the downside and sustains below it then we can exect 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: NZD/USD 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 secondary trend of USD/CAD is bearish 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 resistance of 50 day SMA indicating downtrend of the pair.
Resistance level of 1.4585 and Support level of 1.4420
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/CAD 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]

GBPCAD

The primary trend of GBP/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 2.0755 and Support level of 2.0610
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/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.