Monday, March 30, 2020

Forex chart USD/JPY 3/30

The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : USDJPY   

Direction :
Identified time : 2020-03-31 00:16 BST
Breakout price : 108.088
Forecast price : 108.294
Forecast pips : 21
Probability : 65.27 %
Pattern : Triangle
Interval : 15 Min

Pattern : Resistance
Interval : 15 Min

AUD/CHF 3/30

The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : AUDCHF   

Direction :
Identified time : 2020-03-30 14:36 BST
Breakout price : 0.59038
Forecast price : 0.59325
Forecast pips : 29
Probability : 66.29 %
Pattern : Triangle
Interval : 30 Min

Pattern : Triangle
Interval : 30 Min

Sunday, March 29, 2020

Forex pairs support and resistance 3/30


 
GBP/USD (last 1.2417): The pair remains on the upside as it has formed a V-shape rebound. Currently, it has rebounded to levels above the 20-day moving average, while the relative strength index has climbed above the neutrality level of 50, suggesting a bullish bias.

Unless the key support at 1.1810 is violated, the pair should proceed to 1.2745 and 1.3095 on the upside. Alternatively, below 1.1810, expect a return to 1.1400 on the downside.
GBP/USD 1st support - 1.1810 (major) 1st resistance - 1.2745 (major) 2nd support - 1.1400 (major) 2nd resistance - 1.3095 (major)

  EUR/USD (last 1.1114): The pair posted a rebound from 1.0630 and crossed above both 20-day and 50-day moving averages. The relative strength index crosses above its neutrality level at 50, calling for a further upside.
Therefore, as long as 1.0950 holds on the downside, look for a continuation of bounce with targets at 1.1230 and 1.1350 in extension. Alternatively, only a break below 1.0950 would turn the outlook to bearish and bring a return with 1.0780 and 1.0630 as targets.
EUR/USD 1st support - 1.0950 (major) 1st resistance - 1.1230 (moderate) 2nd support - 1.0780 (minor) 2nd resistance - 1.1350 (moderate)
 
USD/CAD (last 1.4059): The pair stays on the upside despite a modest pull-back. Currently, it is hovering around the 20-day moving average, while has moved further above the 50-period one. The relative strength index remains above the neutrality level of 50, suggesting that the bullish bias persists.
As long as the key support at 1.3775 holds, the pair should advance to 1.4275 and 1.4480. Alternatively, below 1.3775, expect a decline to 1.3560. USD/CAD 1st support - 1.3775 (major) 1st resistance - 1.4275 (major) 2nd support - 1.3560 (major) 2nd resistance - 1.4480 (moderate)
  Professional Techniques For Short-Term Currency Trading

Friday, March 27, 2020

Forex chart EUR/CAD 3/27



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURCAD   

Direction :
Identified time : 2020-03-27 16:00 GMT
Breakout price : 1.55656
Forecast price : 1.55908
Forecast pips : 25
Probability : 67.12 %
Pattern : Double Bottom
Interval : 15 Min

Pattern : Resistance
Interval : 15 Min

GBP/JPY chart 3/27



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPJPY   


Direction :
Identified time : 2020-03-27 16:02 GMT
Breakout price : 133.658
Forecast price : 134.05761
Forecast pips : 40
Probability : 65.52 %
Pattern : Triangle
Interval : 15 Min

Pattern : Ascending Triangle
Interval : 15 Min