Analysis and Opinion »

AUDUSD: The trend has been overall neutral.

FXTM UUIIFXBR
Share on StockTwits
Published on
www.forextime.com
EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.25351.26221.2667
Support1.24041.23581.2272
Primary ScenarioEURUSD edged up at 1.2576, before closing below the daily pivot (1.2490). A sustained trading below this level, will lead the pair to retest the support at 1.2404. Further drop of the market, will open the way towards the forthcoming support at 1.2358.
Alternative ScenarioA successful attempt to penetrate the daily pivot point, will trigger the market  to reach the resistance level at 1.2535.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.57091.57801.5825
Support1.55941.55491.5479
Primary ScenarioThe pair is negotiating narrowly below the daily pivot at 1.5664. If GBPUSD manages to extend its downtrend, it will target the support at 1.5594 and then lower at 1.5549.
Alternative ScenarioAn upward wave, would be a catalyst for the exchange rate to exceed the daily pivot. The next resistance is seen at 1.5709.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.96840.97190.9785
Support0.95820.95160.9481
Primary ScenarioUSDCHF bounced up from the previous bottom (0.9552) and managed to exceed the daily pivot at 0.9618. If the pair achieves to withstand the sellers’ pressure, it will gain momentum to retest the resistance level at 0.9684 and further up at 0.9719.
Alternative ScenarioA comeback of the market, will push prices to breach the daily pivot. The next support is estimated at 0.9582.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance116.77117.03117.66
Support116.23115.95115.45
Primary ScenarioUSDJPY is up, nearly a yearly high, putting pressure on the rate to retest the hurdle at 116.77. A higher thrust of the market, will most likely exceed this level and will lead the way towards the resistance at 117.03 and even higher to a fresh high at 117.66.
Alternative ScenarioA fruitless attempt to move higher, will push the pair to find support at 116.23 and then lower at 115.95.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.87700.88330.8871
Support0.86690.86310.8568
Primary ScenarioThe trend has been overall neutral and for the moment AUDUSD is trading slightly below the daily pivot. A decisive movement to the south, will lead the pair to retest the barrier at 0.8669. A break back below this level, will see the market lower to the next support at 0.8631.
Alternative ScenarioA surge of the pair will lift the market above the daily pivot point (0.8732), targeting the resistance level at 0.8770.

 

AUDUSDH4

The post AUDUSD: The trend has been overall neutral. appeared first on Forex Circles.

Share on StockTwits

What others are reading on Finances

Sorry. No data so far.


Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1