Subscribe to RSS

Analysis AUDUSD – probe above 20SMA signals stronger recovery

EURUSD

Yesterday’s strong bearish acceleration, seen after false attempt above daily 20SMA, ended day in long red candle and closed below pivotal daily 200SMA support at 1.1175. Fresh extension lower, on today’s trading, cracked daily 100SMA at 1.1143, the last significant obstacle en-route towards key support and short-term base lows at 1.1100/1.1085. Break here is needed to confirm an end of month-long congestion, entrenched between 1.1085 and 1.1458, confirmed by monthly long-legged Doji candle.
Near-term bears may be delayed for correction on oversold conditions. Former pivot, 200SMA, now acts is immediate resistance at 1.1175, which lies near Fibonacci 38.2% of 1.1259/1.1133 fall, with extended rallies, expected to hold below 1.1211, Fibonacci 61.8% retracement, which guards 20SMA pivot at 1.1232.

Res: 1.1180; 1.1211; 1.1232; 1.1260
Sup: 1.1133; 1.1105; 1.1086; 1.1020

eurusd

GBPUSD

Cable approached psychological 1.5100 support, on yesterday’s fresh acceleration lower that left red daily candle with long upper shadow, signaling strong selling interest. Firm bullish tone favors final attack at 1.5085 target, Fibonacci 61.8% retracement of Apr/June1.4563/1.5928 rally, violation of which would expose psychological 1.50 support. The notion is supported by 10/200SMA’s death cross and formation of 20/200SMA’s death cross at 1.5327.
Near-term price action consolidates above fresh lows at 1.5105, with narrow consolidation seen so far, ahead of fresh push lower. Only extended rallies above 1.5265, falling daily 10SMA / broken bull-trendline, drawn off 1.4563, low of 13 Apr, would sideline immediate downside threats.

Res: 1.5165; 1.5212; 1.5265; 1.5327
Sup: 1.5105; 1.5085; 1.5000; 1.4975

gbpjpy


USDJPY

Fresh strength from 119.23, low of 29 Sep, where triangle support contained dips, improves near-term structure. Return above daily 20SMA at 120.08 and attempts at triangle’s upper boundary, currently at 120.30, turned near-term focus higher, for renewed attempts higher. Break higher to open thin daily Ichimoku cloud (120.52/120.70) and 200SMA at 120.93. Break above these barriers is required near-term bullish structure for final attempt at 121.30, short-term congestion ceiling.
Alternatively, loss of 20SMA handle and return to triangle support line, currently at 119.40, would weaken near-term structure.

Res: 120.33; 120.52; 120.70; 120.93
Sup: 120.00; 119.75; 119.40; 119.23

usdjpy

AUDUSD

The pair formed double-bottom at 0.6935 and accelerated today above initial barrier and former consolidation top at 0.7040. Fresh strength probes above pivotal daily 20SMA at 0.7052, also near Fibonacci 38.2% of 0.7278/0.6935 fall, with sustained break here, needed to give bullish signal for further recovery.
Rally penetrated into 4-hour Ichimoku cloud, top of which marks next barrier at 0.7107, also the mid-point of 0.7878/0.6935 fall, with next pivotal barrier laying at 0.7147, Fibonacci 61.8% retracement.
Daily close above 20SMA, is required to confirm correction.

Res: 0.7107; 0.7147; 0.7205; 0.7248
Sup: 0.7040; 0.7020; 0.6996; 0.6977

audusd

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Forex Monthly Live Trading competition – Tickmill Ltd.

Forex Monthly Live Trading competition – Tickmill Ltd.(0)

Forex Monthly Live Trading Contest. Put your forex trading skills to test and win up to $1000 every Month! Forex Live Trading Contest is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest Available to: All new traders

50% Deposit Bonus and $30 Free Trading Bonus – XM

50% Deposit Bonus and $30 Free Trading Bonus – XM(0)

Get 50% Deposit Bonus and $30 Free Trading Bonus. XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Free Trading Bonus “No deposit required” Link:  $30 Forex No Deposit Bonus Link:  50% Deposit Bonus up to $500 Available to: All new trading account Bonus offer: 50% Deposit Bonus and

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX(0)

$50 Forex No Deposit Bitcoin Bonus Special Promotion to all new trading account holder. Start Forex Trading Bitcoin with UFX and  Get a $50 No Deposit Bonus Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  Halloween Trick or Trade Competition Available to: All new trading account Ending Date:

Up to 100% Bonus Promotions for Each Deposit – AvaTrade

Up to 100% Bonus Promotions for Each Deposit – AvaTrade(0)

Bonus up to 100% for Each Deposit, This Bonus offer is available to USD, EUR, AUD and GBP base currency. AvaTrade Leading Online Forex Trading Broker Start now and get a Deposit Bonus of up to 100%. Link:  100% Bonus to Your First Deposit Link:  35% New Accounts Bonus Promotion Link:  Advantages of Trading Bitcoin

Start Forex Copy Trading your Perfect Partner – ForexTime

Start Forex Copy Trading your Perfect Partner – ForexTime(0)

Start Best Copy Trading your Perfect Partner. Join fxtm cutting-edge forex copy trading programme with fxtm Invest and match up with a suitable trader. Let them trade while you watch your potential forex profits grow. Link:  Start Copy Trading your Perfect Partner Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit

30% Binary Options Deposit Bonus Promotion – Ayrex

30% Binary Options Deposit Bonus Promotion – Ayrex(0)

30% Binary Options Deposit Bonus Promotion to all new Traders. Deposit Bonus can be applied to a deposit that equals 100 EUR/USD or a larger amount Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Ending Date: 31 December 2019 Available to: All

$50 Free Bonus Will be credited to Your Account – FBS

$50 Free Bonus Will be credited to Your Account – FBS(0)

FBS offers a Free Welcome of $50 the easiest way to progress on Forex. Trade without depositing with the leverage of 1:500 and make your profit grow! Straightforward and easy conditions, anytime profit withdrawal get your $50 Free now Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No Deposit Bonus Link: 

Start Forex Trading Bitcoin with 50 USD Free Bonus – UFX

Start Forex Trading Bitcoin with 50 USD Free Bonus – UFX(0)

Start Forex Trading Bitcoin with UFX and Get a $50 No Deposit Bonus. $50 No Deposit Bonus is subject to your phone verification with UFX Account funding in Bitcoin requires a Bitcoin wallet Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available to:

Deposit your account $3000 & get $5000 more – InstaForex

Deposit your account $3000 & get $5000 more – InstaForex(0)

Deposit your live account with $3,000 and get $5,000 more! In November we raffle $5,000 within the Chancy Deposit campaign. Get a chance to win by depositing $3,000 to a trading account. Link:  Deposit your account $3000 & get $5000 more Link:  Get 250% Bonus for First Deposit Link:  $500 Forex No Deposit Free Bonus

Forex Free Signals Access to High Quality – CMS Trader

Forex Free Signals Access to High Quality – CMS Trader(0)

Trade Free signal on your mobile and email option and get free messages,email, each having all the necessary information to open a transaction. Static’s shows that 91% of such signals generate profit. Link:  Top Social Copy Trading Platforms Link:  FREE trading signals Special Promo Ending Date:  31 December 2018 Available to:  New Clients only Bonus

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories