29 / 07 / 2016 | Technical Analysis

AUD/USD: Today’s Major Levels 0.7493 and 0.7549

North American Session
The AUD/USD pair has been trending upwards since Wednesday, the 27th of July 2016, with the bulls leading the price from as low as 0.7420 to as high as 0.7549.

During the trading session today, the pair price fell from 0.7549 down to 0.7493 and later advanced to 0.37536 level. At the time of writing the pair price is trading at 0.7555.

In the event that the buyers attempt to move higher and break above 0.7565, the pair could find support at 0.7629.

Conversely, in the scenario where they sellers manage force the price successfully below 0.7500, the pair could decelerate down to 0.7485 and 0.7470 respectively. 

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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29 / 07 / 2016 | Technical Analysis

GBP/USD: Major Levels 1.3159 and 1.3248

European Session
The GBP/USD pair has been trending upwards since Tuesday, the 26th of July 2016, with the price rising from 1.3057 up to 1.3248.
 
During the opening of the European Session, the pair traded at 1.3159 and advanced to 1.3248. At the time ofd writing the pair is trading at 1.3184.
 
In the event that the price breaks above 1.3206, the pair could climb higher and reach the 1.3252 and 1.3299 respectively.
 
Conversely, in the scenario where the sellers manage to put pressures and the price break below 1.3156, the pair could find support at 1.3118 and 1.3094 respectively.

technicalanalysis290716Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
 
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28 / 07 / 2016 | Technical Analysis

GBP/USD: Today’s Major Levels 1.3137 and 1.3248

North American Session
The GBP/USD pair has been trending upwards since Tuesday, the 26th of July 2016, with the price rising from 1.3057 up to 1.3248, as the dollar fell after U.S. housing data showed that housing prices continued to climb in July.   

The sterling managed to post a strong rise on late Wednesday, as the FOMC decision sparked a U.S. dollar sell-off, despite the statement sounding relatively positive. During the European Session today, the pair initially felt from 1.3248 down to 1.3137. At the time of writing the pair price is traiding at 1.3157.

In the event that the price breaks above 1.3219, the pair could advance up to 1.3270 and 1.3319 in extension. Conversely, in the scenario where the sellers keep exerting strong pressures and the price manages to break below 1.3129, the pair could find support at 1.3102 and 1.3057 respectively.


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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28 / 07 / 2016 | Technical Analysis

EUR/JPY: Major Levels 115.81 and 116.69

European Session 
The EUR/JPY pair has been moving upwards since Tuesday, the 26th of July 2016, with the bulls leading the price from as low as 114.45 to as high as 117.14.
 
On Wensday, during the early European session, the pair price initially rose from 114.9 up to 117.14, to subsequently fall down to 115.62, before rising once again back to 116.69. At the time of writing the pair is trading at 116.10.
 
In the event that the price breaks above 116.46 , the pair could reach the level of 116.93.

Alternatively, in the scenario where the bears manage to force the pair to break below 115.56, the price could decelerate down to 115.30 and 114.98 in extension.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
  
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27 / 07 / 2016 | Technical Analysis

USD/CAD: Today’s Major Levels 1.3159 and 1.3211

North American Session
The USD/CAD pair has been trading downwards since Monday, the 27th of July 2016, with the bears leading the price from as high as 1.3242 to as low as 1.3159.  

With the opening of today’s session the pair price trade at 1.3178 and currently trading at 1.3183.
 
In the event that the bears manage to force the price even lower and reach the level of 1.3095, the pair could find support at 1.3051 and 1.3006 in extension.  

On the flip side, in the scenario where the price breaks above the level of 1.3201, the pair could escalate up to 1.3222 and 1.3242 respectively.

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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26 / 07 / 2016 | Technical Analysis

AUD/USD: Today’s Major Levels 0.7462 and 0.7538

North American Session
The AUD/USD pair has been trending upwards since Friday, the 22nd of July 2016, with the bulls leading the price from as low as 0.7442 to as high as 0.7537.

During the trading session today, the pair price rise from 0.7462 up to 0.7538. At the time of writing the pair price is trading at 0.7529.  
In the event that the buyers attempt to move higher and break above 0.7537, the pair could reach 0.7558 and 0.7587 in extension.

Conversely, in the scenario where they sellers manage force the price successfully below 0.7502, the pair could decelerate down to 0.7478 and 0.7465 respectively. 

Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
 
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26 / 07 / 2016 | Technical Analysis

USD/CHF: Bearish Pressures Noticed at 0.9854

European Session
The USD/CHF pair has been trending downwars since Thursday, the 21st of July 2016, with the bearish pressures being noticed from as high as 0.9906 to as earish low as 0.9844.
 
With the opening of the trading session, the pair price dropped from 0.9863 down to 0.9844, but as of writing the price is trading at 0.9854.
 
In the event that the sellers keep trading lower and manage to push the price below 0.9835, profit targets could be set at 0.9818 and 0.9797 in extension.
 
On the flip side, in the scenario where the buyers force the pair higher , breaking above 0.9868, the price could find support at 0.9875 and 0.9882 respectively.  



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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25 / 07 / 2016 | Technical Analysis

EUR/JPY: Today’s Major Levels 116.28 and 116.95

North American Session
The EUR/JPY pair has been moving lower since Thursday, the 21st of July 2016, with the downward pressures being noticed from as high as 118.46 to as low as 116.14.

During the course of the session today, the pair initially rose up to 116.82 to subsequently fall down to 116.28, before rising once again back to 116.86. At the time of writing the pair is trading at 116.48.
 
In the event that the buyers keep pushing higher and the price breaks above 117.11, profit targets could be locked in at 117.62 and 117.94 respectivly.
 
On the other hand, in the scenario where the price finds the 117.11 level to be too resistive and the price corrects below 115.86, the pair could go down to 115.26 and 114.50 in extension.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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25 / 07 / 2016 | Technical Analysis

USD/JPY: Major Levels 106.00 and 106.71

European Session
The USD/JPY pair has been trading downwards since Thursday, the 21st of July 2016, with the sellers leading the price from as high as 107.49 to as low as 105.42.

During the opening of the session today, the pair price open at 106.10 and manage to advanced up to 106.79, but once again drop back to 106.00.
 
As of writing the pair trades almost unchanged near session lows of 106.22.
 
In the event that the sellers keep exerting strong pressures and the price breaks below 105.33, the pair could find support at 104.66 and 104.03 in extension.

Alternatively, in the scenario where the buyers resume their previous activity and the price breaks above 106.56, the pair could go up to 106.91 and 107.12 respectively.


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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22 / 07 / 2016 | Technical Analysis

GBP/USD: Drops to session lows of 1.3096

North American Session
The GBP/USD pair has been under bullish pressure since the 20th July, with the price rising from as low as 1.3065 to as high as 1.3291.

The pair initially fell on Thursday, but found enough support around 1.3164 to push the price higher and end the day at 1.3225.  Today, the major touched the session high of 1.3291, before falling all the way to session lows of 1.3097.

The pair is extending its losses, as the much-weaker-than-expected result from the advanced services PMI in June continues to weigh on demand for the pound.  Going forward, investors ‘attention shifts towards Markit’s Manufacturing PMI, expected to improve to 51.6 during July.

On a sustained move below 1.3065, the pair could find support at 1.2922 and 1.2791 in extension. On the flip side, in the scenario where the price breaks above today’s highs of 1.3291, the pair could rise up to 1.3323 and 1.3481 respectively.


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
 
 
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