GBP/USD - Technical Report
The pair has moved to the upside, but couldn’t reach our upside target at 1.5025, as it stopped by the same resistance zones at 1.4985. The string decline from this area is a negative factor for intraday traders despite stability above Linear regression. Anyway, bears can use sell stop orders below 1.4830, as a break of which could negate the probability of revisiting 1.4985.
USD/JPY - Technical Report
The USD/JPY pair rose again after retesting the down trend line shown in red in the image above. However, we said earlier the trading between 120.55 and 119.65 will force us to stay neutral, as the pair is trading below the main support of the uptrend while succeeded in breaching up the major down trend line.
MACD indicator shows some kind of positivity, on the other hand, RSI14 is showing weakness. Therefore, we will stay aside today waiting for more confirmation.
USD/CHF - Technical Report
The USD/CHF pair rose yesterday after retesting arias around 0.9595. Trading above the aforesaid level 0.9595 let us look for the correction started at 1.0127, to see the pair is trading above 23.6% Fibonacci shown in the image above. Trading above 0.9640 is positive for today’s trading, while breaching 0.9735 will accelerate the bullishness.
Linear regression indicators crossed positively, and MACD signal lines are trading above the zero line. RSI14 is approaching the 70.0 resistance line, but no negative signs appears on it. Therefore, we expect more bullishness for today’s intraday trading.
USD/CAD - Technical Report
The USD/CAD rose yesterday after a false breakout for the main sideways support located at 1.2400. The image above shows the bullish retracement from the main support after failure closing below it.
MACD indicator is positive, and linear regression indicators approaching from achieve a positive cross over. Therefore, we expect more bullishness today.
USD/CAD - Technical Report
The USD/CAD rose yesterday after a false breakout for the main sideways support located at 1.2400. The image above shows the bullish retracement from the main support after failure closing below it.
MACD indicator is positive, and linear regression indicators approaching from achieve a positive cross over. Therefore, we expect more bullishness today.
AUD/USD - Technical Report
The AUD/USD pair successfully closed the daily candle stick above linear regression indicators 34 and 55. Trading above the linear regression indicators located at 0.7660 will cause more bullishness today. Later, we will need to see the pair above 0.7940 to confirm more bullishness.
NZD/USD - Technical Report
The NZD/USD pair failed again to achieve a daily closing above the major resistance 0.7585. Moreover, the pair is still trading between linear regression indicators 34 and 55. By looking at MACD indicator, we can notice a sideways movement for signal lines, while RSI14 indicator shows a week momentum. Therefore, we prefer stay aside for another day.
