Archive for the ‘Technical Forex’ Category
EUR/USD Mid-Day Outlook
EUR/USD's rebound form 1.4054 lacks follow through buying and weakens sharply into early US session. the break of 1.4239 minor support mixes up near term outlook and we'll turn neutral first. On the upside, note again that break of 1.4537 resistance is needed to confirm resumption of rebound from 1.3837,
GBP/USD Mid-Day Outlook
GBP/USD fails to take out 1.6474 resistance today and is staying in range of 1.6223/6474. More consolidation trading could still be seen in near term and another fall cannot be ruled out. But even in that case, we'd expect strong support at 1.6004/6193 support zone to contain downside and bring
USD/CHF Mid-Day Outlook
With 0.7801 resistance intact, USD/CHF's fall is still expected to continue and should be targeting 200% projection of 0.8519 to 0.8081 from 0.8277 at 0.7401. On the upside, break of 0.7801 resistance will indicate short term bottoming and bring stronger rebound. Nevertheless, before that, we'll stay bearish even in case of recovery.
USD/JPY Mid-Day Outlook
As noted before, USD/JPY's rebound from 76.28 has likely finished at 80.23 already. Intraday bias remains mildly on the downside for retesting this support first and break will confirm resumption of the whole fall from 85.51. On the upside, 78.59 minor resistance will flip bias back to the upside 80.23
GBP/JPY Daily Outlook
Intraday bias in GBP/JPY remains neutral for the moment. There is no indication of reversal yet and rebound from 124.18 is treated as a correction only. Below 126.96 minor support will flip bias back to the downside for 124.18 first. Break will confirm that whole fall from 140.02 has resumed
EUR/JPY Daily Outlook
As noted before, there is no indication of reversal in EUR/JPY yet. Below 110.34 minor support will flip bias to the downside for a test on 108.70 first. Break will confirm decline resumption for 105.42 support and below. On the upside, above 114.17 flip bias back to the upside and
EUR/GBP Daily Outlook
Further decline is still in favor in EUR/GBP with 0.8757 minor resistance intact and below 0.8642 will target 0.8610 key support level next. Nevertheless, break of 0.8757 will flip bias back to the upside. Further break of 0.8883 will indicate that fall from 0.9083 has finished and will target a retest on this resistance.
EUR/CHF Daily Outlook
EUR/CHF is losing some downside momentum but after all, with 1.1148 minor resistance intact, further decline is still expected. Current fall should target 161.8% projection of 1.2344 to 1.1404 from 1.1891 at 1.0372 next. On the upside, though, note that break of 1.1148 resistance will suggest short term bottoming and
EUR/USD Daily Outlook
EUR/USD's b break of 1.4371 minor resistance indicates that choppy pull back from 1.4537 has likely finished at 1.4054 already. Intraday bias is flipped back to the upside for retesting 1.4537 first. Break will confirm resumption of the whole rally from 1.3837 and should target 100% projection of 1.3837 to
GBP/USD Daily Outlook
Intraday bias in GBP/USD remains neutral for the moment as the pair is still bounded in range of 1.6223/6474. More consolidation trading could still be seen in near term and another fall cannot be ruled out. But even in that case, we'd expect strong support at 1.6004/6193 support zone to
You are currently browsing the archives for the Technical Forex category.