On-Line Forex Trading Tips

EURUSD Daily Forecast

The EURUSD had a moderate bullish momentum yesterday. On h4 chart below we can see that the trendline support still hold so far, preventing the pair from further bearish attack. However we don’t have significant movement yet so be patient and don’t rush jump into the market. On the upside we have 1.4176 as key resistance level. On the downside we have 1.3750 support level to watch closely. Any movement between that area should keep us stay out from the market. Immediate resistance is seen at 1.4050. Initial support at 1.3850. CCI in neutral area both on h4 and daily chart.

GBPUSD Daily Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.6232 but closed higher at 1.6366. On h4 chart below we can see that the pair is trapped in rectangle area indicating consolidation phase. We are still in no trading zone since we have no clear direction yet. Immediate resistance is seen at 1.6400/50 area. Initial support at 1.6200. CCI in neutral area both on h4 and daily chart. Be patient.

USDJPY Daily Forecast

The USDJPY had a moderate bullish momentum yesterday. On h4 chart below we can see that the pair is struggling around the trendline indicating an intense battle between buyers and sellers around that area. The bias is neutral in nearest term. Immediate support is seen at 95.00/50 area. Initial resistance at 96.70. Expect ranging movement between that area today. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure.

USDCHF Daily Forecast

After significant bullish momentum moved by SNB intervention, the USDCHF had moderate bearish correction yesterday. On h1 chart below we have rectangle formation indicating consolidation. The bias is neutral in nearest term. Break from the rectangle should give us clearer direction. Immediate support is seen at 1.0920. Break below that area should trigger further bearish momentum towards 1.0830 area. Initial resistance at 1.1050. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure.

EURJPY Forecast
The EURJPY had a bullish momentum yesterday. On h4 chart below we can see that after failed to break below the trendline support, the pair is now making an inverse H&S formation indicating potential bullish scenario especially when the neckline break to the upside targeting 136.50 area. Immediate support is seen at 133.50. Break below that area should lead us into no trading zone. CCI in neutral area on daily chart.

GBPJPY Forecast
The GBPJPY had another indecisive movement yesterday. It’s been 3 days in a row of indecisive movement since Tuesday. On h4 chart below we can see that the pair still trapped in triangle area. No trading until we have valid triangle breakout/breakdown. Immediate resistance is seen at 158.51 (yesterday’s high). Initial support at 155.80. CCI in neutral area on both h4 and daily chart.

AUDUSD Forecast
The AUDUSD had a moderate bullish momentum yesterday. On h4 chart below we can see that the triangle has been broken to the upside indicating potential bullish scenario but we need convincing movement above 0.8050 to confirm the bullish scenario testing 0.8261 area. Immediate support at 0.8000. Break below that area should lead us into no trading zone. CCI in neutral area on daily chart.

Labels: Forex Analysis, forex signal, Forex Trend, Market Analysis, Market Trend, money trading