eur/usd forex trading tips
eur/usd currency pair trading at 1.2994 with gains.today euro made low near 1.2910 while high was 1.30 and trading near highs.on daily chart trend and momentum still bearish but showing some value buying and short covering on lower level.on upside 1.3080 is monthly average and then 1.3175 is 3 month average ,these are resistances as well target of bounce back rallies.on downside 1.2950 is temp bottom.
gbp/usd forex trading tips
gbp/usd currency pair trading at 1.5117 with heavy gains on account of short covering.today pound made low at 1.4915 while high was 1.5118.now pound near monthly average resistance of 1.5130 if gives breakout above this then expect bounce back rally to continue upto 1.5450.on indicators rsi is off the low while macd rounding bottom.
usd/jpy forex trading tips
usd/jpy currency pair trading at 95.89 with loss.today yen made high near 96.6 while low was 95.68.on daily chart trend and momentum strong bullish but now technical pattern showing signs of consolidation and correction.on downside 95.8 is weekly average while 94.4 is monthly average.rsi is off the highs while macd formed lower tops.
usd/chf forex trading tips
usd/chf currency pair trading at 0.9463 with heavy loss.today swiss franc made high near 0.9566 while low was 0.9451.on daily chart pattern is visible for correction and now trading below weekly average and heading towards monthly average of 0.9390 and then comes support of 3 month average 0.9315.
usd/cad forex trading tips
usd/cad currency pair trading at 1.0225 with heavy loss.today Canadian dollar made high near 1.0282 while low was 1.0211.on daily chart corrective downside breakout is developed today and now pair trending towards 3 month average of 1.0110.on upside 1.0230 is monthly average and then comes 1.0260 weekly average resistance.
usd/sek forex trading tips
usd/sek currency pair trading at 6.4461 with heavy gains in intraday.today Swedish krona made low at 6.4137 while high was 6.4637 with short term bullish breakout on daily chart.here above 6.4370 major support or 3 month average now expect higher tops and bottom cycle.next major target zone on daily chart is at 6.54.