forex report for 20th october 2016

eur usd forex report for 20th october 2016 Euro dollar pair is trading at 1.0970 flat positive suggesting bottom creation for short term. Here keep buy on dips view for short term with stoploss below 1.0940 for upside bounce back up to 1.10 to 1.1025. Euro is bottoming out for short term and expect swing target of 1.1060 on upside. On downside 1.0950 low remain crucial support. Eur usd weekly chart is very bearish and suggesting euro targets around 1.06 in medium to long terms. gbp usd forex report for 20th october 2016 Pound dollar pair is trading at 1.2298 with loss. After bounce back pair resumed primary trend and heading towards targets of 1.2215 and 1.2140. On upside 1.23 and 1.2335 are strong resistances and remain stop loss levels for short sellers. Gbp usd weekly chart signaling early bottom out signal but not yet confirmed. aud usd forex report for 20th october 2016 Aussie dollar is trading at 0.7660 with almost 1% drop for the day. Look like short term top is set for aud usd and now time for correction or to test supports. On downside 0.7640 and 0.7580 are strong support areas while on upside 0.77 and 0.7735 are strong resistances. Here keep buy at support strategy with stoploss for technical bounce back move in intraday. usd jpy forex report for 20th october 2016 Dollar yen pair is trading at 103.66 with gain. After correction, yen resumed downtrend against us dollar. On downside usd jpy support zones are 103.3 and 102.8. While on upside 104.2 and 104.5 are strong resistances as well as short term target zones. This fresh recovery rally on weekly chart has its targets around 107 while on downside 103 and 101.25 are strong support levels for usdjpy. usd chf forex report for 20th october 2016 Dollar franc is trading at 0.9890 flat positive. After strong rally pair is now consolidating and building base for next up move. On upside 0.9920 and 1.0 are next target zones while on downside 0.9870 and 0.9835 are strong support zones as well as fresh buying levels for traders. Usd chf weekly chart relative weak and suggesting range bound moves for pair. usd cad forex report for 20th october 2016 Dollar loonie is trading at 1.3167 with gains for the day. After last session sharp selloff, pair recovered and resumed uptrend for targets 1.3220 and 1.33. On downside usd cad intraday support zones are 1.3130 and 1.3065. Usd cad pair weekly chart suggesting big and long rally on upside in medium to long terms.

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Pramod Baviskar

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