2017-12-05
NZD/USD is expected to trade with a bullish outlook. The pair managed to hold above its major support at 0.6860, and is reversing up after having formed an intraday "double bottom" pattern.
The upside potential has been opened towards 0.6930, as both the 20-period and 50-period moving averages are now below the prices, and should act as strong support roles.
Last but not least, the rising relative strength index calls for further advance to 0.6930 and 0.6945 in extension.
The black line shows the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions.
Overview:
Pivot: 0.9862.
The price is still trading around the area of 0.9860. The USD/CHF pair continues to move upwards from the level of 0.9818 (major suppor today). Since the price is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100).
Overview:
The NZD/USD pair is still trading around the spot of 0.6850-0.6900. Today, the level of 0.6944 represents the double top.
The pair has already formed minor resistance at 0.6895 and the strong resistance is seen at the level of 0.6944 because it represents the weekly resistance 1.
So, major resistance is seen at 0.6944, while immediate support is found at 0.6831. If the pair hits below the price of 0.6831, the NZD/USD pair may resume its movement to 0.6816 to test the daily support 2.
The NZD/USD pair to move between the levels of 0.6940 and 0.6816. The RSI is still calling for a strong bearish market. The current price is also below the moving average 100. As a result, sell below the price of 0.6940 with targets at 0.6831 and 0.6816.
However, stop loss should always be taken into account; accordingly, it will be useful to set the stop loss above the last bullish wave at the level of 0.6960 (major resistance is seen at the price of 0.6944).
Last but not least, the rising relative strength index calls for further advance to 0.6930 and 0.6945 in extension.
The black line shows the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions.
The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.6930, 0.6945, and 0.6985
Support levels: 0.6840, 0.6815, and 0.6770
Technical analysis of GBP/JPY for December 05, 2017
2017-12-05
GBP/JPY is expected to trade in a lower range as it is under pressure. The pair is trading sideways within the range between 152 and 148.60, and is likely to test the lower boundary at first.
Resistance levels: 0.6930, 0.6945, and 0.6985
Support levels: 0.6840, 0.6815, and 0.6770
Technical analysis of GBP/JPY for December 05, 2017
2017-12-05
GBP/JPY is expected to trade in a lower range as it is under pressure. The pair is trading sideways within the range between 152 and 148.60, and is likely to test the lower boundary at first.
The relative strength index is mixed to bearish below its neutrality area at 50. Last but not least, the 20-period moving average is turning down, confirming a negative outlook.
To sum up, as long as 152.00 is not surpassed, look for a new pullback to 149.90 and 148.60 in extension.
Alternatively, if the price moves in the direction opposite to the forecast, a long position is recommended above 152.00 with the target at 152.95
Strategy: SELL, Stop Loss: 152.00, Take Profit: 149.90
Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates long positions; and when it is below the pivot points, it indicates short positions.
To sum up, as long as 152.00 is not surpassed, look for a new pullback to 149.90 and 148.60 in extension.
Alternatively, if the price moves in the direction opposite to the forecast, a long position is recommended above 152.00 with the target at 152.95
Strategy: SELL, Stop Loss: 152.00, Take Profit: 149.90
Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates long positions; and when it is below the pivot points, it indicates short positions.
The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 152.95, 154.00, and 154.60
Support levels: 149.90, 148.60, and 148
Technical analysis of USD/CHF for December 05, 2017
2017-12-05
Our first upside targets which we predicted in yesterday's analysis has been hit. USD/CHF is still expected to trade with a bullish bias.
Resistance levels: 152.95, 154.00, and 154.60
Support levels: 149.90, 148.60, and 148
Technical analysis of USD/CHF for December 05, 2017
2017-12-05
Our first upside targets which we predicted in yesterday's analysis has been hit. USD/CHF is still expected to trade with a bullish bias.
The pair holds above its key horizontal support at 0.9815, and is now challenging its nearest resistance at 0.9870. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited.
To conclude, as long as 0.9815 is not broken, look for a new rise to 0.9900 and 0.9940 in extension.
Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot points indicates a short position.
To conclude, as long as 0.9815 is not broken, look for a new rise to 0.9900 and 0.9940 in extension.
Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot points indicates a short position.
The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Strategy: BUY, Stop Loss: 0.9760, Take Profit: 0.9870
Resistance levels: 0.9870, 0.9900, and 0.9935
Support levels: 0.9730, 0.9700, and 0.9655
Technical analysis of USD/JPY for December 05, 2017
2017-12-05
USD/JPY is under pressure. The pair reversed a trajectory to the downside after peaking at 113.08 yesterday (December 4).
Strategy: BUY, Stop Loss: 0.9760, Take Profit: 0.9870
Resistance levels: 0.9870, 0.9900, and 0.9935
Support levels: 0.9730, 0.9700, and 0.9655
Technical analysis of USD/JPY for December 05, 2017
2017-12-05
USD/JPY is under pressure. The pair reversed a trajectory to the downside after peaking at 113.08 yesterday (December 4).
Currently, it remains on the downside while being capped by a descending 20-period moving average, which has crossed below the 50-period one. The relative strength index is badly directed below the neutrality level of 50, indicating further downward momentum for the pair.
In fact, the pair has nearly filled up the bullish gap produced at the opening yesterday and is proceeding toward the immediate support at 112.90.
Alternatively, if the price moves in the opposite direction, a long position is recommended above 112.90 with a target of 113.25.
Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position.
Alternatively, if the price moves in the opposite direction, a long position is recommended above 112.90 with a target of 113.25.
Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position.
The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.
Strategy: SELL, Stop Loss: 112.90, Take Profit: 112.10
Resistance levels: 113.25, 113.65 and 114.00 Support Levels: 112.10, 111.70, 111.35
Technical analysis of USD/CHF for December 05, 2017
2017-12-05
Strategy: SELL, Stop Loss: 112.90, Take Profit: 112.10
Resistance levels: 113.25, 113.65 and 114.00 Support Levels: 112.10, 111.70, 111.35
Technical analysis of USD/CHF for December 05, 2017
2017-12-05
Overview:
Pivot: 0.9862.
The price is still trading around the area of 0.9860. The USD/CHF pair continues to move upwards from the level of 0.9818 (major suppor today). Since the price is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100).
The USD/CHF pair didn't make any significant movements yesterday. Hence, the market is indicating a bullish opportunity above the mentioned support levels. The bullish outlook remains valid as long as the 100 EMA is headed to the upside.
Therefore, strong support will be found around the spot of 0.9818 providing a clear signal to buy with a target seen at 0.9882. If the trend breaks the first resistance at 0.9882, the pair will move upwards continuing the bullish trend development to the level of 0.9910 in order to test the daily resistance 2.
However, if the USD/CHF pair succeeds to break through the support level of 0.9818 today, the market will decline further to 0.9778 in order to retest the doubl bottom on the H1 chart. Also, it should be noted that the major resistance is seen at 0.9946.
Technical analysis of NZD/USD for December 05, 2017
2017-12-05
Technical analysis of NZD/USD for December 05, 2017
2017-12-05
Overview:
The NZD/USD pair is still trading around the spot of 0.6850-0.6900. Today, the level of 0.6944 represents the double top.
The pair has already formed minor resistance at 0.6895 and the strong resistance is seen at the level of 0.6944 because it represents the weekly resistance 1.
So, major resistance is seen at 0.6944, while immediate support is found at 0.6831. If the pair hits below the price of 0.6831, the NZD/USD pair may resume its movement to 0.6816 to test the daily support 2.
The NZD/USD pair to move between the levels of 0.6940 and 0.6816. The RSI is still calling for a strong bearish market. The current price is also below the moving average 100. As a result, sell below the price of 0.6940 with targets at 0.6831 and 0.6816.
However, stop loss should always be taken into account; accordingly, it will be useful to set the stop loss above the last bullish wave at the level of 0.6960 (major resistance is seen at the price of 0.6944).
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