The USD/CAD pair initially tried to rally during the course of the day on Friday, but found the 1.35 level a bit too resistive and then we broke down significantly. With this being the case, looks as if we could very well break down below the 1.33 handle and reach down towards the 1.30 handle given enough time. Keep in mind that oil markets have a great influence on the Canadian dollar, and as they rise the Canadian dollar generally benefits. So at this point in time it looks very likely that the market will continue to grind its way lower.
[B]Technical analysis of CHF/JPY for March 21, 2016[/B]
hold short positions with a stop loss just above R1, targeting either S1 (114.10) or S2 (113.60) as the final target for a potential upcoming wave down.
Support: 114.10, 113.60
Resistance: 114.90, 115.40
buy NZD/CHF while the price is near S1 (0.6600), targeting either R2 (0.6690) or R3 (0.6750) being the final target for a potential upcoming wave up. A stop loss should be well below the S1 support.
Support: 0.6600
[B]Technical analysis of USD/CAD for March 18th, 2016[/B]
Refrain from trading and wait for a better trading setup to occur in the near term.
Resistance. 110.00.
Resistance. 109.81.
Resistance. 109.60.
Support. 109.34.
Support. 109.12.
Support. 108.91.
[B] EUR/USD Technical levels for April 14, 2016[/B]
Strong Resistance 1.1327.
Original Resistance 1.1316.
Inner Sell Area 1.1305
Original Support 1.1241.
Strong Support 1.1231.
Breakout SELL Level 1.1225.
Since we expect a massive break to the lowerside, We will remain short in this pair from 123.77 and have our stop slightly lower towards 123.90.
[B]EUR/NZD Technical View for April 14 - 2016[/B]
During this day, we expect an acceleration to the upper side. We will therefore look to buy from 1.6325. The anticipated upward rally should have a target at 1.66. But should have a S/L at 1.6225
Earlier today, the commodity formed a bearish evening star pattern on its longer time frame. Following this bearish candle, we will look for short positions during this intraday
GBP/USD is currently trading with a bullish bias. Following the gap up, expect an upward rally towards 1.4465 to for a double top with the resistance level to go short.
[B][B]EUR/USD Technical Analysis for 25 Aprill 2016[/B][/B]
EUR/USD is currently trading with a bullish bias. Expect the pair to trade in the higher ranges with a target at 1.1270. A beakout above this level will push the price further to the upperside.
[B]
Summary :[/B]
Target Level : 1.4653
Target Period : 5 hours
[B]
Analysis :[/B]
Rising Wedge identified at 06-May-05:30 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.465 within the next 5 hours.
[B]Resistance Levels :[/B]
( B ) 1.4693Last resistance turning point of Rising Wedge.
[B]
Support Levels[/B]
( A ) 1.4653Last support turning point of Rising Wedge.
[B]GBP/NZD Technical Analysis for 16th May 2016
[/B]
[B]Summary :[/B]
Target Level : 2.1296
Target Period : 3 days
[B]
Analysis :[/B]
Triangle has broken through the resistance line at 06-May-02:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 2.13.
[B]Supporting Indicators :[/B]
Upward sloping Moving Average
Resistance Levels :
[B]
Support Levels[/B]
( A ) 2.0949Last support turning point of Triangle.
[B]
Summary :[/B]
Target Level : 82.9908
Target Period : 14 hours
[B]Analysis :[/B]
Triangle has broken through the support line at 06-May-01:00 2016 GMT. Possible bearish price movement forecast for the next 14 hours towards 82.991.
[B]
Supporting Indicators :[/B]
Downward sloping Moving Average
[B]
Resistance Levels :[/B]
( A ) 83.5545Last resistance turning point of Triangle.
Support Levels
[B]USDCAD Technical Analysis for 16th May 2016[/B]
Identified time : 2016-05-06 07:30 UTC
Breakout price : 1.28693
Forecast price : 1.28372
Forecast pips : -32
Probability : 66.78 %
Pattern : Rising Wedge
Interval : 15 Min
[B] Summary :[/B]
Target Level : 1.1371
Target Period : 4 hours
[B]Analysis :[/B]
Possible bearish price movement towards the support 1.1371 within the next 4 hours.
[B]
Supporting Indicators :[/B]
Downward sloping Moving Average
[B]
Resistance Levels :[/B]
( B ) 1.14264 hour high volatility level
[B]Support Levels[/B]
( A ) 1.13714 hour low volatility level