TechAnalysis for majors

last SG · 2017-11-15T19:52:59+00:00

The demand for the US dollar is falling. Today, the EUR/USD quotes are still growing. The key trading range is 1.18850-1.19500. 1.18850 is a mirror support. ...

Alextrader79 SG

Bears dominate on the AUD/USD pair. It happens due to a weak report on the GDP of Australia. I’ll open deals in the current trend direction and wait until the pair moves to the 0.7600 round level. I’ll sell it after it reaches this mark. The nearest goal for taking profit is 0.7575. The pair may move to 0.7555-0.7550.

Alextrader79 SG

Bulls prevail on USD/JPY. I expect the further quotes growth. The Bullish engulfing PA pattern has appeared near the 112.65 resistance pattern. I’ll buy the pair if it fixes above 112.65. The nearest goal for taking profit is 113.00.

Alextrader79 SG

A downward trend has been on EUR/USD since the beginning of the week. The demand for the US dollar remains at a high level. I’ll open deals in the current trend direction and will sell the pair with a trailing stop, if it fixes below the 1.1780 local support level. It may move to 1.1750-1.1720.

Alextrader79 SG

The report on the US labor market is at the center of attention today. Experts expect that in November the number of people employed in the non-agricultural sector of the country will slow down. The preliminary report from ADP exceeded the market expectations. At the same time, the index of business activity in the US non-manufacturing sector from ISM fell by 4.5% to 57.4. I expect high volatility, so I won’t trade today. Anyway, I defined the following key levels:

EUR/USD

support: 1.1720, 1.1650

resistance: 1.1760, 1.1800

Alextrader79 SG

USD/JPY

support: 113.25, 113.00, 112.40

resistance: 113.60, 114.00

Alextrader79 SG

There is a correction on EUR/USD after a significant fall that took place the last week. The price is testing the 1.1800 round level. I expect the further recoup of the quotes. The growth of the MACD histogram can be a confirming signal. I’ll buy EUR/USD, if it fixes above 1.1800. It may move to the 1.1840 mirror resistance level.

Alextrader79 SG

I expect the fall of the GBP/USD quotes. The Outside bar PA pattern has formed on the asset, it indicates a bearish sentiment. I’ll sell the pair, if it fixes below the 1.3340 support level. It may move to 1.3250.

Alextrader79 SG

The current technical pattern indicates a correction of the USD/CAD pair after a strong growth that took place the last week. The asset has retained the 1.2865 resistance level. It triggered the emergence of a bearish sentiment. The price is testing the 1.2820 local support now. I’ll sell USD/CAD, if it fixes below this mark. It may move to 1.2775.

Alextrader79 SG

A bullish sentiment prevails on NZD/USD. I expect the further growth. The pair has a good potential for the recoup. The Triple bottom TA pattern has appeared on the D1 chart. I’ll buy NZD/USD, if it fixes above the 0.6950 key resistance. It may move to 0.7000.

Alextrader79 SG

A weak report on the GB labor market was published today. GBP/USD has the potential for declining. I expect a bearish sentiment. I’ll sell the pair, if it fixes below the 1.3335 local support. The goal for taking profit is 1.3300.

Alextrader79 SG

USD/CHF has retained the 0.9900 round level that triggered a bearish sentiment. I don’t exclude the further quotes growth. I’ll buy the pair, if it fixes above the 0.9920 local resistance. It may move to 0.9935-0.9950

Alextrader79 SG

The Fed, as expected, raised the key interest rate by 25 points. At the same time, the US dollar weakened against the majors. The central bank is concerned about a low inflation level in the country. The US currency remains under pressure.

Bears prevail on USD/JPY. I’ll open deals in the current trend direction and sell the pair with a trailing stop, if it fixes below 112.70. It may move to 112.50-112.15.

Alextrader79 SG

There is an upward trend on AUD/USD. I don’t exclude the further quotes growth. The pair has a good potential for the further growth on larger timeframes. I’ll buy the pair, if it fixes above the 0.7670 resistance level. It may move to 0.7700-0.7725.

Alextrader79 SG

Aggressive purchases were observed on AUD/USD from the beginning of this week. Nevertheless, I expect a technical correction. The divergence of the price and MACD histogram appeared on the asset. I’ll sell the pair, if it fixes below the 0.7670 mirror support level. It may move to 0.7635.

Alextrader79 SG

Bears prevail on USD/CAD. The demand for the Canadian dollar has significantly grown. I’ll sell it, if it fixes below the 1.2740 local support. The goal for taking profit is the 1.2700 round level.

Alextrader79 SG

There are aggressive sales on USD/CAD. The price is testing the 1.2885 key resistance level now. I don’t exclude the further quotes growth. I’ll buy the pair, if it fixes above the 1.2885 mark. It may move to 1.2925-1.2950.

Alextrader79 SG

Bears prevail on GBP/USD. The quotes are consolidating in the 1.3340-1.3360 range. The demand for USD resumed. The asset has the potential for the further decline. I’ll sell the pair, if it fixes below 1.3340. The goal for taking profit is the 1.3300 round level.

Alextrader79 SG

EUR/USD is testing the 1.1810 resistance level. A weak data on the business climate of German IFO was published recently. I do not exclude the development of a downward trend in the near future. I’ll sell the pair if it fixes below 1.1790. it may move to 1.1760-1.1730.

Alextrader79 SG

An interesting technical pattern has appeared on the USD/CHF pair. It is consolidating after a significant fall during yesterday trading. The key range is 0.9845-0.9860. I expect a correction soon. I’ll buy the pair if it fixes above 0.9860. It may move to 0.9880-0.9890 (50.0%-61,8% correction zones).

Alextrader79 SG

I expect a correction on NZD/USD. It is consolidating in the 0.6960-0.6975 range. I’ll sell, if the price fixes below the 0.6960 local support. It may move to the 0.6925 mirror support level.

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