eur usd daily forecast
euro dollar currency pair trading at 1.3047 with gains.today eur/usd pair made high at 1.3074 while low was 1.2990.on daily chart euro formed bottom near 1.2980 and going through technical bounce back rally.on upside 1.3120 is monthly average and then 1.3190 is 3 month average both are strong short term resistances.
on daily chart eur/usd macd formed rounding bottom suggesting recovery rally while rsi heading towards 50.
gbp usd daily forecast
pound dollar currency pair trading at 1.4864 with loss.today gbp/usd pair made high at 1.4915 while low was 1.4831 and trading near it.trend and momentum still very bearish here on account of weak pound.for tomorrow has bearish outlook and traders can expect 1.4650 to 1.4500 as revised downside targets while on upside stoploss remain above 1.4925 weekly average.
gbp/usd daily chart indicators clearly heading for oversold zones.
usd jpy daily forecast
dollar yen currency pair trading at 96.11 with loss.today usd/jpy pair made high at 96.68 while low was 95.63.on daily chart look like topped near 96.5 and now going for correction.on downside 95.65 is weekly average support and then comes 94.1 which is monthly average support.
on indicators now macd showing some early correction signs here while rsi already turned down from 70 level confirming upcoming correction?traders here can hold shorts with stoploss above 96.6 and expect 95 to 94 levels as correction targets.
usd chf daily forecast
dollar franc currency pair trading at 0.9462 with loss.today usd/chf pair made high near 0.9504 while low was 0.9436.on daily chart usdchf pair topped out at 0.9525 and now going through correction phase.on chart both rsi and macd given correction signal and traders for tomorrow can hold shorts with stoploss just above 0.9530 and expect 0.9380 as target as it is monthly average support level on downside.0.9480 is weekly average resistance on upside.
usd cad daily forecast
us dollar vs Canadian dollar currency pair trading at 1.0268 with gains.today usd/cad pair made low at 1.0248 while 1.0283 was intraday high point.on chart usdcad now showing signs of correction and heading towards 1.0220-1.0180 monthly average supports.
on indicators side,macd topped out while rsi already heading towards 50 level after topping out at 73.for tomorrow traders can hold shorts with stoploss of 1.290 and expect 1.0220-1.0180 as downside target zone.
usd sek daily forecast
us dollar Swedish krona currency pair trading at 6.3647 with loss.today usdsek pair made low at 6.3439 while high was 6.4117.today move is suggesting resumption of downtrend.for tomorrow outlook remain negative and expect 6.34 to 6.32 as downside targets while on upside 6.3840 si major resistance and weekly average.
on indicators side,usdsek daily macd heading for negative breakout while rsi turned down from 50 and supporting sell side.