EURUSD , USDJPY OUTLOOK 29/03/2017

EURUSD just faced resistance of the descending trend line and resistance zone 1.0865-1,0950 where also below lies the 200ema. We should see sell strength coming within the next couple days towards the support trend line of the current channel. Major support is withing the zone 1.0530-1.0470.

USDJPY has been retracing the strong uptrend from November last year , hence a we are in a correction channel. Price is currently in a support zone 110.20- 111.60  where the channel’s support trend line and  200ema are located. We could be seeing bullish strength off the  50.0 fib level to go and test the resistance and trend line  and zone 114.60- 115.40. In the case support is broken price could push down to face support at 107,60

AUDUSD , NZDUSD , USDCAD OUTLOOK 22/03/2017

AUDUSD retested the previous resistance zone of 0.7720-0.7775 where it bounced of the resistance trend line. We are likely to see price roll down to the support zone 0.7530-0.7470 where lies the 200ema . In case the ascending trend line holds up, we are like to have a retest of the resistance zone or new highs made.

NZDUSD tested the former support zone now resistance of 0.7045-0.7100 where also lies the 200ema and it got a rejection which could result in the push down back to the previous of 0.6880. If the bulls manage to push the price above and break the descending trend line, we should see price of 0.7235  being targeted.

USDCAD retraced into a support zone of 1.3195 -1.3255 where the 200ema is located. We saw price being rejected as bulls came in, we look to see  new high if price manages to break the descending trend line and resistance zone 1,3525-1,3585. in  a situation price moves downwards the next support is 1,3000.

AUDUSD, USDCHF lookout 27/02/2017

audusd

AUDUSD has  been facing resistance in the price zone 0,7715-75 . This was also the previous zone that we saw the start of  strong shorting momentum from Nov 2016. On Friday we saw price being forced down breaking a trend line that has been respected since Jan 2017. We expect to see price fall to a support zone 0,7550 – 0.7490 which is also the range the current 200ema is being held.

usdchf

USDCHF was rejected by a support zone 0,9960- 1,0020 which has also acted as previous resistance since Feb 2016. If price respects the ascending trend line and this support zone , we could expect price to test resistance around 1.0250 -1.0345,

 

 

GBPUSD,NZDUSD possible bullish breakouts 21/02/2017

gbpusd

GBPUSD could possibly break out of the  triangle after bouncing off the  1,2408 support level , If price breaks out of the triangle on the upside we look to see it face resistance at 1,2557 level and furthermore the highs of 1,2655. If it breaks on the downside the  initial support will be at the level 1.2351.

nzdusd

NZDUSD if facing support at the base of triangle and support level 0.7125, we could see a sustainable bullish force to break out of the  triangle and the 4hr 200ema to test the resitance zone at 0.7720 -40 . Breaking down f the support level will face a new support at 0.7075.

 

 

EURJPY triangle breakout 21/02/17

eurjpy

The EURJPY broke out of the correction triangle and made a small consolidation to retest the arising trend line on the  triangle where we saw it being rejected last Friday. We will be looking for sell confirmation within the resistance zone 120,4- 121.35  with targets at first support level 118.450 and second support level 116.50