EURUSD is currently rallying around 1.09399. On the 4 Hours Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . EURUSD is currently in a range, not going above the previous day's highest high 1.09671,or the previous day's lowest low 1.0892. If the price breaks above 1.09671 then we will consider a long term buy with our target at 1.04987. And on the flipside, a sustained move below 1.09671 will attract sellers with an ideal target around 1.03394
GBPUSD is currently rallying around 1.25584. On the 4 Hours Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 1.25357. While we continue to see a sustained move above 1.25357 we expect a surge much Higher with an Ideal Target at 1.24227. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.21744
USDJPY is currently rallying around 107.694. On the 4 Hours Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . USDJPY is currently in a range, not going above the previous day's highest high 108.519,or the previous day's lowest low 107.494. If the price breaks above 108.519 then we will consider a long term buy with our target at 108.519. And on the flipside, a sustained move below 108.519 will attract sellers with an ideal target around 106.912
AUDUSD is currently rallying around 0.64206. On the 4 Hours Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 0.64082. While we continue to see a sustained move above 0.640819 we expect a surge much Higher with an Ideal Target at 0.63029. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 0.61989.
