2018-09-04
EUR/NZD is set to break higher anytime now. The next impulsive rally should break above the base-channel resistance line, which currently sits near 1.7669 for acceleration towards 1.7820 on the way higher to 1.8369 and above in the longer term.
Support remains seen at 1.7538 and 1.7506. Ideally, the later will be able to protect the downside for the expected acceleration higher.
R3: 1.7714
R2: 1.7669
R1: 1.7597
Pivot: 1.7538
S1: 1.7505
S2: 1.7484
S3: 1.7459
Trading recommendation:
We are long EUR from 1.7330 with our stop placed at 1.7410. If you are not long EUR yet, buy near 1.7505 or upon a break above 1.7597 and use the same stop at 1.7410.
Technical analysis: Intraday level for USD/JPY, Sept 04, 2018
2018-09-04
In Asia, Japan will release the Monetary Base y/y and the US will release some Economic Data such as Total Vehicle Sales, IBD/TIPP Economic Optimism, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL: Resistance. 3: 111.66. Resistance. 2: 111.44. Resistance. 1: 111.22. Support. 1: 110.96. Support. 2: 110.74. Support. 3: 110.52.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, Sept 04, 2018
2018-09-04
TODAY'S TECHNICAL LEVEL: Resistance. 3: 111.66. Resistance. 2: 111.44. Resistance. 1: 111.22. Support. 1: 110.96. Support. 2: 110.74. Support. 3: 110.52.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, Sept 04, 2018
2018-09-04
When the European market opens, some Economic Data will be released such as PPI m/m, and Spanish Unemployment Change. The US will release the Economic Data too such as Total Vehicle Sales, IBD/TIPP Economic Optimism, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI, so amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1670. Strong Resistance:1.1663. Original Resistance: 1.1652. Inner Sell Area: 1.1641. Target Inner Area: 1.1613. Inner Buy Area: 1.1585. Original Support: 1.1574. Strong Support: 1.1563. Breakout SELL Level: 1.1556.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
NZD/USD Testing Support, Prepare For Bounce
2018-09-04
NZD/USD is approaching its support at 0.6590 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.6637 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.5% where a corresponding bounce is expected.
NZD/USD is testing its support where we expect to see a bounce.
Buy above 0.6590. Stop loss at 0.6570. Take profit at 0.6637.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1670. Strong Resistance:1.1663. Original Resistance: 1.1652. Inner Sell Area: 1.1641. Target Inner Area: 1.1613. Inner Buy Area: 1.1585. Original Support: 1.1574. Strong Support: 1.1563. Breakout SELL Level: 1.1556.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
NZD/USD Testing Support, Prepare For Bounce
2018-09-04
NZD/USD is approaching its support at 0.6590 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.6637 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.5% where a corresponding bounce is expected.
NZD/USD is testing its support where we expect to see a bounce.
Buy above 0.6590. Stop loss at 0.6570. Take profit at 0.6637.
USD/CAD Testing Resistance, Prepare For Reversal
2018-09-04
USD/CAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
USD/CAD is testing its resistance where we expect to see a reversal.
Sell below 1.3115. Stop loss at 1.3143. Take profit at 1.3064.
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