Subscribe to RSS

Aussie consolidates after strong rally; n/t focus is turning higher

EURUSD

The Euro continues to trade within three-day 1.0673/1.0788 range, in consolidation mode, following recent weakness. Fresh attempts lower, on completion of consolidative phase are expected, as overall structure remains firmly bearish.
Consolidation was so far capped under psychological 1.08 barrier, former breakpoint, guarding strong resistance zone at 1.0844/63, formed by falling daily 10SMA /Tenkan-sen line, where extended rallies should be capped.
Immediate targets lay at 1.0664/58, 21/24 Apr low, followed by 1.0611, 261.8% Fibonacci expansion of the downleg from 1.1071.

Res: 1.0788; 1.0800; 1.0844; 1.0863
Sup: 1.0732; 1.0700; 1.0673; 1.0658

eurusd


GBPUSD

Yesterday’s strong rally marks the second leg of recovery action that commenced from 1.5026, 06 Nov low. Rally cracked pivotal barrier at 1.52 zone yesterday, former low of 13 Oct / Fibonacci 38.2% of 1.5495/1.5025 downleg and closed marginally above higher.
This gave positive signal for today’s fresh extension higher, which peaked at 1.5244, capped by falling daily 10SMA. The pair faces strong resistance zone that lies ahead and starts with daily Kijun-sen line at 1.5260, followed by daily Ichimoku cloud base at 1.5288 and daily 20/30 SMA, attempting to form bear-cross at 1.5307.
Extended upside attempts are likely to be capped at this zone, as overall picture of larger timeframes remains bearish.
Scenario of lower top formation, ideally under daily Ichimoku cloud base, remains favored for fresh attempts towards 1.5026 lows and psychological 1.5000 support, in extension.
Alternative scenario requires daily close above 1.53 handle, to sideline existing downside risk.

Res: 1.5219; 1.5244; 1.5260; 1.5288
Sup: 1.5160; 1.5131; 1.5109; 1.5056

gbpusd


USDJPY

The pair remains in near-term correction off 123.59 peak, posted on 09 Nov. Yesterday’s close in red, confirms correction, after two previous days were shaped in Dojis. Corrective action on oversold daily studies, should be ideally contained at 122.30 zone, double-Fibonacci support, 23.6% of 118.05/123.59 and 38.2% of 120.24/123.59 upleg, before fresh attempts at 123.59 high and 124.14 target, peak of 2007, in extension.

Res: 123.21; 123.42; 123.59; 124.14
Sup: 122.73; 122.30; 121.91; 121.52

usdjpy


AUDUSD

Aussie rallied strongly on upbeat Australian jobs data and broke above three-day congestion. Near-term base is forming at 0.7014, with fresh acceleration higher, attacking daily 20SMA at 0.7153, ahead of daily Ichimoku cloud top at 0.7170. Daily close above here is needed to confirm near-term bulls are fully back in play, for test of pivot at 0.7222, lower top of 04 Nov.
Daily slow Stochastic has reversed from oversold territory and supports fresh upside action, with other daily indicators are turning north.
Consolidation of strong rally, on overbought near-term studies, could be expected, with 0.71 handle, Fibonacci 38.2% of 0.7014/0.7152 upleg, reinforced by daily 10SMA, expected to contain and keep freshly established near-term bulls intact.

Res: 0.7153; 0.7170; 0.7197; 0.7222
Sup: 0.7128; 0.7100; 0.7076; 0.7046

audusd

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

100% New Account Bonus Up to $300 – Ava Trade

100% New Account Bonus Up to $300 – Ava Trade(0)

100% New Account Deposit Bonus to your first deposit Up to $300. Start trading today and in honour of our Irish roots we’ll give you a St. Patricks Day special bonus of up to 100% Link:  100% Special Bonus to Your First Deposit Available to: All new account Ending Date: 31 December 2017 Bonus offer:

$20 Phone Validation Welcome Forex Bonus – LMFX

$20 Phone Validation Welcome Forex Bonus – LMFX(0)

$20 Phone Validation Welcome Forex Bonus to All New Traders. The $20 Phone Validation Forexc Bonus is available for all the Clients who have successfully opened and funded their trading account with the Company in accordance with the Account Opening Agreement. Link:  $20 Phone Validation Welcome Forex Bonus Available to: All new traders Ending Date:

Live Trading Competition & 20% Deposit Bonus – FirewoodFX

Live Trading Competition & 20% Deposit Bonus – FirewoodFX(0)

Forex Live Account Trading Competition and 20% Forex Deposit Bonus . FirewoodFX presents the forex live account Trading Competition 1 with cash prize more than $1000! Be the winner by achieving the highest profit! Link: Live Account Trading Competition Link: 20% Bonus Make $100 Deposit or More Available to: All new and existing Ending Date:

$50 Free Bonus Without a Deposit – Adamant Finance

$50 Free Bonus Without a Deposit – Adamant Finance(0)

Free $50 Forex No Deposit Welcome Bonus to all new Traders. Receive $50 for Forex Free Bonus Without a Deposit and test the terms on a real account, without transfering any money. Link:  $50 No Deposit Free Welcome Bonus Ending Date: 31 December 2018 Available to: All new Traders Bonus Offer: Free $50 Forex No

Binary Options Free Demo Trading Tournament – CBFinvest

Binary Options Free Demo Trading Tournament – CBFinvest(0)

Binary Options Free Demo Trading Tournament total 2000$ cash prizes. Any Spotoption brand can start offering immediately binary options Tournaments, without spending a fortune on programming and without waiting for months Link:  Binary Options Free Demo Tournament Available to: All Customers AMAZING FEATURES Rebuys – for Tournaments based on demo, the feature of Rebuys allows

Risk Free Trading plus Free Forex Signals – MarketsYes

Risk Free Trading plus Free Forex Signals – MarketsYes(0)

300% Forex Deposit Bonus Promotion and Forex Risk Free Trade plus Forex Free Signals All New and existing clients. MarketsYes is offering all prospective clients deposit for up to 3000 USD/EUR/GBP a 300% Tradable Bonus. Link:  300% Tradable Bonus Promotion Link:  Risk Free Trade plus Forex Free Signals Available to: All New and existing clients

50% Bonus of Every Deposit – Fort Financial Services

50% Bonus of Every Deposit – Fort Financial Services(0)

Up to 50% Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus Link: 15% Support Margin Bonus Link:  Profit

123% Tradable Deposit Bonus Promotion – FreshForex

123% Tradable Deposit Bonus Promotion – FreshForex(0)

Get 123% Tradable Deposit Bonus Promotion gives a real chance to start Forex trading with low investment and double return. Start efficient Forex trading with Tradable Bonus 123% Campaign. Link:  123% Tradable Deposit Bonus Promotion Link:  $5 Forex No Bonus Promotion Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: Get 123%

500 Cent Forex No Deposit Welcome Bonus – FortFs

500 Cent Forex No Deposit Welcome Bonus – FortFs(0)

Get 500 Cent Forex No Deposit Welcome Bonus 2017-2018 to All New Traders. Open a forex real trading account, pass the personal data verification procedure and get the 500 Cent Free Forex Welcome Bonus! Link:  Up to 50% Bonus of Every Deposit Link:  500 Cent Forex No Deposit Bonus Link:  15% Support Margin Bonus Available

$10000 Monthly Challenge Live Trading Contest – FXCM

$10000 Monthly Challenge Live Trading Contest – FXCM(0)

$10,000 Monthly Challenge Live Trading Contest Compete to Win Cash Prizes. The Contest only available to FXCM Mini Account clients Join the monthly Live Trading Contest by opening an FXCM Mini Account with as little as $50. Link:  $10000 Monthly Challenge Contest Available to: All Mini Account clients Contest offer: $10,000 Monthly Challenge Live Trading

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