Technical Analysis | Online Foreign Exchange Providing Forex Service, Bullion Broker In WA.

Technical Briefing

Currency Pair

Daily Momentum

4-Hour Momentum

1-Hour Momentum

Support

Resistance

Comments


EUR/USD	1.2740 1.2710 1.2650	1.2810 1.2850 1.2930	2204GMT upmove fails below 1.2850, corrective bias lower while below 1.2800, potential back down to 1.2710/20 area with 1.2740 minor support

GBP/USD	1.4620 1.4560 1.4500	1.4720 1.4760 1.4810	2209GMT pullback may be basing out above 1.4620, need over 1.4700/20 to shift bias higher, below 1.4560/70 may trigger fresh weakness

USD/JPY	92.10 91.80 91.50	92.50 92.80 93.20	2213GMT heavy while below 92.50, above may signal reversal to 93.00 initially, below 92.00/10 may see test of 91.80/90, then 91.50

USD/CHF	1.1930 1.1880 1.1830	1.2000 1.2050 1.2090	2217GMT dropped out of hourly upchannel, now resistance at 1.2080/90, immediate bias lower while below 1.2000, above may see bounce to 1.2050/60

AUD/USD	0.6390 0.6330 0.6270	0.6440 0.6490 0.6560	2239GMT in an overall sideways pattern here, focus lower while below the 0.6440 pivot, sees to 0.6390 initially, above should try for 0.6490

USD/CAD	1.2740 1.2670 1.2600	1.2810 1.2860 1.2910	2242GMT trend higher remains intact, latest push higher looks toppy near 1.2800/10 though, below 1.2740 sees likely reversal into 1.2670

EUR/JPY	117.50 116.90 116.40	118.10 118.60 119.20	2220GMT midway in broad 116.50/119.20 range, slight bias lower while below 118.10/20, below 117.50 should see weakness return

NZD/USD	0.5280 0.5240 0.5200	0.5330 0.5370 0.5410	2246GMT choppy price action continues, look for a pivot at the 100hr SMA near 0.5330, above sees try for 0.5370, weakness if through 0.5280

EUR/GBP	0.8680 0.8650 0.8620	0.8720 0.8740 0.8765	2224GMT new highs on bearish MACD divergence, but no end of trend higher while above 0.8650 hourly trendline support, below may see 0.8610/20

AUD/JPY	59.00 58.50 57.90	60.00 60.80 61.30	2249GMT choppy price action continues here, the 55hr SMA near 60.00 still containing the upside, look for a base near 59.00 initially

GBP/JPY	135.00 134.50 134.00	136.00 136.90 137.50	2230GMT hourly downchannel evident, bias lower while below 137.10/20, immediate resistance at 135.90/00, channel base at 133.00

CAD/JPY	72.00 71.40 71.00	72.80 73.40 74.20	2258GMT move lower carving out a bottom near 72.00 here, below sees trendline support near 71.40/30 next, gains should extend above 72.80

Disclaimer:
The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.