Usdchf pair has a minor support at 0.9149 correction from 0.9021 may move higher towards 61.8% retracement of 0.9388 to 0.9248 but this is still in a form of correction only .decline is expected to 38.2 % retracement of 0.7065 to 0.8861 anyways but right now RSI lacks and the upward is momentum.
Showing posts with label Forex Daily Fundamental analysis for Major Currencies. Show all posts
Showing posts with label Forex Daily Fundamental analysis for Major Currencies. Show all posts
Eurusd
In eurusd break of 1.3353 shows that
correction from 1.3710 is still in progress and has just resumed. decline would
be seen expected strong support at 38.2% retracement of 1.2042 to 1.3710 at
1.3073 to continue downside and bring rebound.1.3519 minor resistance will turn
bias back to the upside .rest is as usual a clear sign after correction for a
long term uptrend.
Usdjpy
After
reaching 94.45 Usdjpy retreated. Now expected to 94.98 resistance. break there
will take level at 100. However, break of 92.16 will indicate that USD/JPY has
finally topped and short term and should bring deeper pull back to 90.24 support.it
may reach back back towards 101.22 resistance level.
USDCHF
In usdchf the correction from 0.9021
may extend, expected upside to be limited by and bring fall resumption. 0.9116 support will
flip to the downside and should go towards 0.9021 to extend the fall from
0.9971 to 0.8930 again next support. break of 0.9025 would show immediate
bearish turn back to 0.9388 resistance.rebound from 0.7065 is viewed as a
corrective move and should have completed after hitting 0.9916 resistance decline
is expected to 38.2% retracement of 0.7065 to 0.9971 at 0.8861.
AUSUSD
In Aususd currency pair 1.0384 minor
resistance decline is still expected. before, the correction from 1.0148 has
already completed at 1.0597. price actions from 1.1079 high are treated as a
consolidation in the larger up trend, in form of a triangle. Fall from 1.0624
is viewed as the last leg inside the pattern and could extend lower. downside
of the fall from there should be contained above 0.9588 and the larger up trend
is coming soon Break of 1.0624 should go towards 1.0852 then 1.1079 next.
Usdchf
This currency pair remains neutral 0.9021 temporary low. recovery should be limited well below 0.9193 minor resistance and bring another decline 0.9021 will extend the fall from 0.9971 to 0.8930 support. rebound from 0.7065 is viewed as a corrective move and should have completed after hitting 0.9916 resistance Deeper decline is expected to 0.7065 to 0.9971 at 0.8861. We'll hold on to this bearish view as long as 0.9388 resistance holds.
Usdjpy
This pair remains on the upside current rally from 77.13 is expected to continue to medium term level at 94.98 next. On the downside, below 91.78 minor support will turn neutral first. break of 90.24 support is needed to signal short term topping. But it will stay bullish in case of retreat decline from 124.13 should have already completed at 75.56. Stronger medium term rally could be seen back towards back towards 101.22 support turned resistance level. It will now stay bullish as long as 84.17 support holds.
Aususd
Minor resistance with 1.0476 fall from 1.0597 is still
expected to continue to 1.0344 support. Break will confirm the bearishness,
rise from 1.0148 has finished at 1.0597 already. It may be turned bearish for
1.0148 supports and below. Above 1.0476 will bring probably bring another high
above 1.0597. But after all, rebound from 1.0148 is viewed as a corrective move
and expect strong resistance below 1.0624 to limit upside price actions from
1.1079 high are treated as a consolidation pattern in the larger up trend, fall
from 1.0624 is viewed as the last leg inside the pattern and could extend
lower. But downside of the fall from there should be contained above 0.9588 and
the larger up trend is ready to resume soon. Break of 1.0624 should send aususd
through 1.0852 to retest 1.1079 next.
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