2018-10-25
Overview:
Pivot: 0.7107
The AUD/USD pair faced resistance at the level of 0.7146, while minor resistance is seen at 0.7107. Support is found at the levels of 0.7043 and 0.6980. Also, it should be noted that a daily pivot point has already set at the level of 0.7107. Equally important, the AUD/USD pair is still moving around the key level at 0.7107, which represents a daily pivot in the H1 time frame at the moment. The AUD/USD pair continued to move upwards from the level of 0.7043. The pair rose from the level of 0.7043 (this level of 0.7043 coincides with the double bottom) to the top around 0.7146. In consequence, the AUD/USD pair broke resistance, which turned strong support at the level of 0.7146. The level of 0.7043 is expected to act as major support today. From this point, we expect the AUD/USD pair to continue moving in the bullish trend from the support level of 0.7043 towards the target level of 0.7146. If the pair succeeds in passing through the level of 0.7146, the market will indicate the bullish opportunity above the level of 0.7146 in order to reach the second target at 0.7179. However, if a breakout happens at the support level of 0.7043, then this scenario may be invalidated.
EUR/USD analysis for October 25, 2018
2018-10-25
Recently, the EUR/USD pair has been trading sideways at the price of 1.1413. According to the H1 time – frame, I have found a bullish breakout of a 12-hour balance in the background, which is a sign that buyers are in control and that selling looks risky. I also found a piercing candle pattern in the background, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1437 and at the price of 1.1475.
Technical analysis of NZD/USD for October 25, 2018
2018-10-25
Overview:
Yesterday, the NZD/USD pair dropped sharply from the level of 0.6542 towards 0.6563. Now, the price is set at 0.6520. On the H1 chart, the resistance of USD/CHF pair is seen at the level of 0.6542 and 0.6574.
It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.6542 and 0.6478 in coming hours.
Moreover, the price spot of 0.6542 remains a significant resistance zone. Therefore, there is a possibility that the NZD/USD pair will move downside and the structure of a fall does not look corrective. In order to indicate the bearish opportunity below 0.6542, sell below 0.6542 with the first target at 0.6503 in order to test yesterday's bottom.
Additionally, if the NZD/USD pair is able to break out the bottom at 0.6503, the market will decline further to 0.6478 in order to test the weekly support 2. Also, it should be noticed that support 3 is seen at the level of 0.6439 which coincides the double bottom.
AUD/USD analysis for October 25, 2018
2018-10-25
Recently, the AUD/USD pair has been trading sideways at the price of 0.7080. Anyway, according to the H1 time – frame, I have found a potential double bottom pattern in progress, which is a sign that selling looks risky. The key support at the price of 0.7055 held successfully, which also indicates strength. I have also found the hidden bullish divergence on the MACD oscillator, which is another sign of strength. Watch for buying opportunities. The upward targets are set at the price of 0.7100 and at the price of 0.7123.
Yesterday, the NZD/USD pair dropped sharply from the level of 0.6542 towards 0.6563. Now, the price is set at 0.6520. On the H1 chart, the resistance of USD/CHF pair is seen at the level of 0.6542 and 0.6574.
It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.6542 and 0.6478 in coming hours.
Moreover, the price spot of 0.6542 remains a significant resistance zone. Therefore, there is a possibility that the NZD/USD pair will move downside and the structure of a fall does not look corrective. In order to indicate the bearish opportunity below 0.6542, sell below 0.6542 with the first target at 0.6503 in order to test yesterday's bottom.
Additionally, if the NZD/USD pair is able to break out the bottom at 0.6503, the market will decline further to 0.6478 in order to test the weekly support 2. Also, it should be noticed that support 3 is seen at the level of 0.6439 which coincides the double bottom.
AUD/USD analysis for October 25, 2018
2018-10-25
Recently, the AUD/USD pair has been trading sideways at the price of 0.7080. Anyway, according to the H1 time – frame, I have found a potential double bottom pattern in progress, which is a sign that selling looks risky. The key support at the price of 0.7055 held successfully, which also indicates strength. I have also found the hidden bullish divergence on the MACD oscillator, which is another sign of strength. Watch for buying opportunities. The upward targets are set at the price of 0.7100 and at the price of 0.7123.
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