Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Daily Technical Report : August 28, 2015

ByICN.com
Published 08/28/2015, 06:27 AM
Updated 07/09/2023, 06:31 AM

USDJPY

USDJPY pair has resumed its recovery after breaching through 120.60-resistance turned into support- and that opens the door up to the next resistance at 121.90.

USDJPY

Risk versus reward ratio is inappropriate ahead of the weekly closing today, while coming below 120.60 will trigger bearish actions over intraday basis.

Since we are neutral on Dow Jones, we will be also neutral on USDJPY, as we prefer to avoid trading today after making huge profits this week for our subscribers.

Support: 120.00-119.55-119.00

Resistance:121.90-122.50-123.00

Direction: Sideways and we will stand aside

USDCHF

The USDCHF pair has moved according to the corrective scenario-expected yesterday- , achieving the targets at 0.9600 and approaching the extreme target of 0.9725 as seen on the provide daily chart.

USDCHF

The USDCHF pair is currently trading between SMA20-green- and SMA50-red- and that presents a case of neutrality at least over intraday basis.

We are completely content with the profits we made on the USDCHF this week in both directions and we will avoid trading it today ahead of the weekly closing.

Support: 0.9550-0.9475-0.9420

Resistance:0.9670-0.9720-0.9800

Direction: Sideways

EURUSD

EURUSD attempted to incline, but inclines remain trapped below 1.1300 and 1.1360, while ADX started to shows signs of weakness.

EURUSD

We see chances for resuming the downtrend, but coming below 1.1245 is required to affirm the outlook, targeting 1.1140-1.1135 zones.

Ultimately, stability below 1.1360 is the key for resuming the bearishness.

Support: 1.1245 – 1.1200 – 1.1135

Resistance: 1.1300 –1.1360 – 1.1400

Direction: Bearish

GBPUSD

GBPUSD attempts to incline, but the recovery is very weak, as the pair came back below 1.5425, which is negative signal.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

GBUSD

The bearishness is favored, but coming below 1.5370 is required to affirm the bearish wave that targets 1.5315-1.5320 where 127.2% Fibonacci exists.

ADX shows some kind of weakness and that is why we need a breakout below 1.5370.

Support: 1.5370 – 1.5315 – 1.5285

Resistance: 1.5425 – 1.5470 – 1.5510

Direction: Bearish

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.