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  • #76
    Technical Overview of EUR/USD, NZD/USD and GBP/USD Currency Pairs

    EUR USD
    cbpse-jnel4.jpg
    The EUR traded higher against the USD and closed at 1.122.

    Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S.

    The indicator growth can have a positive effect on dollar quotes.

    According to the Analysis, The pair is expected to find support at 1.12015, and a fall through could take it to the next support level of 1.11832. The pair is expected to find its first resistance at 1.12427, and a rise through could take it to the next resistance level of 1.12656.

    Previous Day range was 41.2 and Current Day Range is 11.6.


    NZD USD
    cbol0-fb004.jpg
    The NZD traded higher against the USD and closed at 0.6752.

    The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

    The pair is expected to find support at 0.67336, and a fall through could take it to the next support level of 0.67150. The pair is expected to find its first resistance at 0.67850, and a rise through could take it to the next resistance level of 0.68178.

    NZD USD previous Day range was 51.4 and Current Day Range is 15.1.

    GBP USD
    cbvr6-8yuaq.jpg
    The GBP traded higher against USD and closed at 1.3071.

    According to the analysis, pair is expected to find support at 1.30236, and a fall through could take it to the next support level of 1.29759. The pair is expected to find its first resistance at 1.31539, and a rise through could take it to the next resistance level of 1.32365.

    GBP USD previous day range was 130.3 and current day range is 23.5.
    Attached Files

    Comment


    • #77
      Technical Overview of USD/JPY,
      EUR/USD and AUD/USD Currency Pairs

      USD JPY
      cbbj4-9xmkn.jpg
      The USD traded lower against the JPY and closed at 111.709.

      BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

      If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

      According to the Analysis, The pair is expected to find support at 111.594, and a fall through could take it to the next support level of 111.479. The pair is expected to find its first resistance at 111.820, and a rise through could take it to the next resistance level of 111.931.

      Previous Day range was 2260 and Current Day Range is 3820.


      EUR USD
      cbb2o-zqdey.jpg
      The EUR traded higher against the USD and closed at 1.1216.

      The pair is expected to find support at 1.12035, and a fall through could take it to the next support level of 1.11908. The pair is expected to find its first resistance at 1.12355, and a rise through could take it to the next resistance level of 1.12548.

      EUR USD previous Day range was 32 and Current Day Range is 21.3.

      AUD USD
      cb36b-tlbxj.jpg
      The AUD traded lower against USD and closed at 0.7106.

      According to the analysis, pair is expected to find support at 0.70880, and a fall through could take it to the next support level of 0.70704. The pair is expected to find its first resistance at 0.71274, and a rise through could take it to the next resistance level of 0.71492.

      AUD USD previous day range was 39.4 and current day range is 21.1.
      Visit:- https://xtreamforex.com/academy/tech...urrency-pairs/

      Comment


      • #78
        Technical Overview of GBP/USD,
        NZD/USD and AUD/CAD Currency Pairs

        GBP USD
        cbg4l-x725a.jpg
        The GBP traded higher against the USD and closed at 1.3048.

        The European Council is set to meet in Brussels to discuss Brexit one day ahead of the deadline, trying to come to an agreement on an extension or the UK withdrawal from the EU. This meeting involves the Heads of State and Government of European Union member states.

        The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

        According to the Analysis, The pair is expected to find support at 1.30122, and a fall through could take it to the next support level of 1.29763. The pair is expected to find its first resistance at 1.31008, and a rise through could take it to the next resistance level of 1.31535.

        Previous Day range was 88.6 and Current Day Range is 19.2.


        NZD USD
        cbaoh-xz2n7.jpg
        The NZD traded higher against the USD and closed at 0.674.

        The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

        The pair is expected to find support at 0.67315, and a fall through could take it to the next support level of 0.67232. The pair is expected to find its first resistance at 0.67531, and a rise through could take it to the next resistance level of 0.67664.

        NZD USD previous Day range was 21.6 and Current Day Range is 14.6.

        AUD USD
        cbiyw-5ycy6.jpg
        The AUD traded higher against USD and closed at 0.7121.

        FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

        According to the analysis, pair is expected to find support at 0.71092, and a fall through could take it to the next support level of 0.70973. The pair is expected to find its first resistance at 0.71425, and a rise through could take it to the next resistance level of 0.71639.

        AUD USD previous day range was 33.3 and current day range is 33.1.
        Visit:- https://xtreamforex.com/academy/tech...urrency-pairs/

        Comment


        • #79
          Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pairs

          EUR USD
          cb2vu-kb6gc.jpgGBP USD

          cbcky-lp5mf.jpg
          The GBP traded higher against the USD and closed at 1.3071.

          The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

          The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

          The pair is expected to find support at 1.30368, and a fall through could take it to the next support level of 1.30023. The pair is expected to find its first resistance at 1.31180, and a rise through could take it to the next resistance level of 1.31647.

          GBP USD previous Day range was 81.2 and Current Day Range is 32.2.

          AUD USD

          cbr7j-74j9g.jpg
          The AUD traded higher against USD and closed at 0.7171.

          The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

          According to the analysis, pair is expected to find support at 0.71273, and a fall through could take it to the next support level of 0.70835. The pair is expected to find its first resistance at 0.72035, and a rise through could take it to the next resistance level of 0.72359.

          AUD USD previous day range was 76.2 and current day range is 15.9.

          Comment


          • #80
            Technical Overview of NZD/USD, USD/JPY and USD/CHF Currency Pairs

            NZD USD
            cbbd6-lwdmn.jpg
            The NZD traded lower against the USD and closed at 0.6762.

            Consumer Price Index released by the Statistics New Zealand is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of NZD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative.

            According to the Analysis, The pair is expected to find support at 0.67471, and a fall through could take it to the next support level of 0.67326. The pair is expected to find its first resistance at 0.67794, and a rise through could take it to the next resistance level of 0.67972.

            Previous Day range was 32.3 and Current Day Range is 27.5.

            USD JPY
            cboha-mbagn.jpgUSD CHF
            cbznc-4mc5c.jpg
            The USD traded lower against CHF and closed at 1.0039.
            According to the analysis, pair is expected to find support at 1.00169, and a fall through could take it to the next support level of 0.99944. The pair is expected to find its first resistance at 1.00539, and a rise through could take it to the next resistance level of 1.00684.

            USD CHF previous day range was 37 and current day range is 14.3.

            Comment


            • #81
              Technical Overview of USD/CAD, GBP/USD and USD/JPY Currency Pairs

              USD CAD
              cb7ho-kz31g.jpgGBP USD
              cb8ef-86p3y.jpg
              The GBP traded higher against the USD and closed at 1.3043.

              Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

              The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

              The pair is expected to find support at 1.30231, and a fall through could take it to the next support level of 1.30031. The pair is expected to find its first resistance at 1.30812, and a rise through could take it to the next resistance level of 1.31193.

              GBP USD previous Day range was 58.1 and Current Day Range is 34.7.

              USD JPY
              cb6s3-z1ve9.jpg
              The USD traded lower against JPY and closed at 112.012.

              James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.

              According to the analysis, pair is expected to find support at 111.892, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.087, and a rise through could take it to the next resistance level of 112.162.

              USD JPY previous day range was 1950 and current day range is 2410.

              Comment


              • #82
                Technical Overview of USD/JPY, GBP/USD, AUD/USD and EUR/JPY Currency Pairs

                USD JPY

                cbinl-ujl95.jpg


                The USD traded lower against the JPY and closed at 111.858.

                The Pair has been stalling in range since a couple of days. Its making series of HH & HL , But Fundamentally due to the Trade war the JPY may benefit and lead the pair lower .
                Once the Daily Trend Line is breached, we may find a minor support @ MResQ1.
                If the level is broken than we have plenty of Space to cover. For now JPY is the Strongest and AUD is weakest.

                According to the Analysis, The pair is expected to find support at 111.662, and a fall through could take it to the next support level of 111.466. The pair is expected to find its first resistance at 112.043, and a rise through could take it to the next resistance level of 112.228.

                Previous Day range was 3810 and Current Day Range is 2190.

                GBP USD

                cb8k4-v8fxw.jpg


                The GBP traded lower against the USD and closed at 1.2937.

                The pair formed a bearish triangle and broke from below. Now it stalls at the Quarter Pivot. As I mentioned earlier the pair is in series of LL & LH. Break below the QPivot may be supportive by the strength of the Dollar.

                The pair is expected to find support at 1.29036, and a fall through could take it to the next support level of 1.28705. The pair is expected to find its first resistance at 1.29944, and a rise through could take it to the next resistance level of 1.30521.

                GBP USD previous Day range was 90.8 and Current Day Range is 20.8.

                AUD USD

                cbanj-dmgi5.jpg


                The AUD traded lower against USD and closed at 0.7101.

                After breaking the Daily Trend Line and making a double top. The pair stalls at major support.ie
                Qpivot and Support from Year.
                Look left there is space to be covered. The strength of JPY may confluence with it.

                According to the analysis, pair is expected to find support at 0.70748, and a fall through could take it to the next support level of 0.70486. The pair is expected to find its first resistance at 0.71333, and a rise through could take it to the next resistance level of 0.71656.

                AUD USD previous day range was 58.5 and current day range is 74.8.

                EUR JPY

                cbvba-1q0rz.jpg


                The EUR traded lower against JPY and closed at 125.571.

                The pair broke the Daily Trend Line and now stalls between the ResQ1 and Support Y1.
                A break below the year support may lead the pair down.

                According to the analysis, pair is expected to find support at 125.214, and a fall through could take it to the next support level of 124.856. The pair is expected to find its first resistance at 125.990, and a rise through could take it to the next resistance level of 126.408.

                EUR JPY previous day range was 7760 and current day range is 3770.

                Comment


                • #83
                  Technical Overview of CHF/JPY, USD/CHF and EUR/USD Currency Pairs

                  CHF JPY

                  cbdn9-fs0sw.jpg
                  The CHF traded lower against the JPY and closed at 109.923.

                  CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
                  Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).

                  According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.

                  Previous Day range was 5350 and Current Day Range is 3170.

                  USD CHF

                  cbguc-1fl6c.jpg


                  The USD traded higher against the CHF and closed at 1.0200.

                  The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend.

                  The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.

                  USD CHF previous Day range was 50.7 and Current Day Range is 16.5.

                  EUR USD
                  cbc3d-qu8q7.jpg


                  The EUR traded higher against USD and closed at 1.1154.

                  The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.

                  According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.

                  EUR USD previous day range was 85.3 and current day range is 15.5.

                  Comment


                  • #84
                    Technical Overview of USD/CAD,
                    USD/CHF, EUR/GBP and USD/JPY Currency Pairs


                    USD CAD
                    cbr6n-uipk8.jpg
                    The USD traded lower against the CAD and closed at 1.3485.

                    The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Bullish Climax at the Resistance Level. Keep in mind that Pair had also completed Bullish AB=CD Pattern.

                    According to the Analysis, The pair is expected to find support at 1.34719, and a fall through could take it to the next support level of 1.34591. The pair is expected to find its first resistance at 1.35070, and a rise through could take it to the next resistance level of 1.35293.

                    Previous Day range was 35.1 and Current Day Range is 18.2.

                    USD CHF
                    cbwnl-evbth.jpgEUR GBP
                    cbjn4-g0s7i.jpg
                    The EUR traded higher against GBP and closed at 0.8628.

                    The pair stalls at the Quarter Pivot and Monthly Pivot. It also made a Double Top,
                    Iy closed below the D1 Moving Average. As we know the weakness in EURO is present so, this pair can follow the Classic Double Top Pattern.

                    According to the analysis, pair is expected to find support at 0.86182, and a fall through could take it to the next support level of 0.86080. The pair is expected to find its first resistance at 0.86462, and a rise through could take it to the next resistance level of 0.86640.

                    EUR GBP previous day range was 28 and current day range is 8.9.

                    USD JPY
                    cbcho-ow0ur.jpg

                    Comment


                    • #85
                      Technical Overview of USD/JPY, GBP/USD and GBP/CHF Currency Pairs

                      USD JPY
                      cbtda-d7lvg.jpg
                      The USD traded lower against the JPY and closed at 111.641.

                      USDJPY formed series of HH and HL then now over night it made LL
                      A series of H & LL is start of a new downtrend
                      The Support from D1 trend line has also broken and has been tested also

                      Scenario 1: In order to Go Bullish it needs to Break the Yearly Resistance 112.075
                      Scenario 2: In order to be bearish it needs to push through the Quarterly 111.49

                      According to the Analysis, The pair is expected to find support at 111.488, and a fall through could take it to the next support level of 111.334. The pair is expected to find its first resistance at 111.846, and a rise through could take it to the next resistance level of 112.050.

                      Previous Day range was 3580 and Current Day Range is 1340.

                      GBP USD
                      cbzqb-4ksm2.jpg
                      The GBP traded higher against the USD and closed at 1.2932.

                      GBPUSD RESPECTING the resistance from D1 resistance trend line.

                      Now the pair stalls on the Quarterly Pivots Level

                      As it can be seen that the pair made a series of LH and LL so a down trend is expected.
                      Alternatively a bullish trend may start after the Daily Trend Line Resistance is broken...

                      The pair is expected to find support at 1.29087, and a fall through could take it to the next support level of 1.28858. The pair is expected to find its first resistance at 1.29506, and a rise through could take it to the next resistance level of 1.29696.

                      GBP USD previous Day range was 41.9 and Current Day Range is 23.4.

                      GBP CHF
                      cbj3r-y0dlt.jpg
                      The GBP traded higher against CHF and closed at 1.3186.

                      GBPCHF broke the daily support trend line.

                      The pair stalls @ Quarterly and yearly Pivot As marked. If the pair breaks the 127 extension then it may bre bullish or else in the alternate scenario if the price breaks the low of Daily support then a DOUBLE TOP may have to form.
                      According to the analysis, pair is expected to find support at 1.31600, and a fall through could take it to the next support level of 1.31346. The pair is expected to find its first resistance at 1.32064, and a rise through could take it to the next resistance level of 1.32274.

                      GBP CHF previous day range was 46.4 and current day range is 23.2.

                      Comment


                      • #86
                        Technical Overview of EUR/CHF, NZD/USD and GBP/CHF Currency Pairs

                        EUR CHF
                        cb8ca-7yeq4.jpg
                        The EUR traded higher against the CHF and closed at 1.1392.

                        1- Mother bar @ Middle Quarter Resistance 2
                        2-The top is the 786 Level retracement
                        3- The D1 Trend line has also broken. Indicating a Bearish Movement

                        Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Middle Quarter Resistance 1.

                        Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top.

                        According to the Analysis, The pair is expected to find support at 1.13750, and a fall through could take it to the next support level of 1.13577. The pair is expected to find its first resistance at 1.14244, and a rise through could take it to the next resistance level of 1.14565.

                        Previous Day range was 49.4 and Current Day Range is 23.9.

                        NZD USD
                        cbjuc-e97do.jpg
                        The NZD traded higher against the USD and closed at 0.662.

                        1- H4 Mother bar @MSup1Q1
                        2-The 61% Level retracement

                        Scenario 1: If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Msup1Y1 & Msup1Q1


                        Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top.

                        The pair is expected to find support at 0.65978, and a fall through could take it to the next support level of 0.65754. The pair is expected to find its first resistance at 0.66608, and a rise through could take it to the next resistance level of 0.67014.

                        NZD USD previous Day range was 63 and Current Day Range is 27.5.

                        GBP CHF
                        cbbby-f0xss.jpg
                        The GBP traded higher against CHF and closed at 1.3278.

                        1- An Effort candle followed by climax candle.
                        2- Formed candles @ the previous month resistance
                        3- Followed by no demand no supply
                        4- Followed by vpoc with low volume

                        Scenario1: If the pair retraces to the no demand no supply area with low volume then we may see a downward movement.
                        Scenario 2: If we see a bullish breakout then we will need further conformations to go long.

                        According to the analysis, pair is expected to find support at 1.32556, and a fall through could take it to the next support level of 1.32332. The pair is expected to find its first resistance at 1.33018, and a rise through could take it to the next resistance level of 1.33256.

                        GBP CHF previous day range was 46.2 and current day range is 50.1.


                        Comment


                        • #87
                          Technical Overview of GBP/JPY and AUD/NZD Currency Pairs

                          GBP JPY
                          cbjd5-uoq91.jpg
                          The GBP traded higher against the JPY and closed at 146.344.

                          GBPJPY @ a very strong resistance
                          Reasons
                          1- The Long Blue candle Represents Climax candle (indicating that smart money may be interested in selling).
                          2- Abcd formed @ 127Extension.
                          3- 127 level in confluence with trendline of Pivot Candles.
                          4- Price approaching the Middle Resistance 1 of 1st Quarter.
                          5- RSI H4 & D1 Already in Over Bought level.
                          6- High of Previous Daily & Weekly Candle also Broken.
                          So Scenarios
                          If we see A Low Volume Test (two bullish candles followed by a bearish one with low volume then we can expect selling).
                          If we break above the 161 Level with 2 bearish candles followed by 1 bullish low volume candle may resume uptrend.

                          According to the Analysis, The pair is expected to find support at 145.254, and a fall through could take it to the next support level of 144.164. The pair is expected to find its first resistance at 146.951, and a rise through could take it to the next resistance level of 147.558.

                          GBP JPY Previous Day range was 16970 and Current Day Range is 9510.

                          AUD NZD
                          cbeft-ry2fk.jpg

                          Comment


                          • #88
                            Technical Overview of AUD/CHF and EUR/AUD Currency Pair

                            AUD CHF
                            bi2j1-f7q80.jpgEUR AUD
                            bkwsn-fl2qh.jpg

                            Comment


                            • #89
                              Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair

                              EUR NZD
                              bd0ol-dn7ah.jpg
                              The EUR traded higher against the NZD and closed at 1.7028.

                              The pair formed a Motherbar Insidebar
                              The pair is stalling @ yearly Pivots
                              The yearly Pivots is same as Previous Quarter Pivot
                              The pair is stalling @ Resistance Quarter
                              The Pair is forming Series of HH and HL

                              Scenario
                              1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend
                              2- A break below MResQ1 may lead the pair downward

                              According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.

                              EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.

                              GBP CHF
                              bpodg-ep82j.jpg
                              The GBP traded higher against the CHF and closed at 1.315.

                              The pair formed a Motherbar Insidebar.
                              The pair is stalling @ Res1 yearly Pivots.
                              The pair is stalling @ Resistance1 Quarter.
                              The Pair is forming Series of HH and HL.

                              Scenario
                              1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
                              2- A break above MResQ1 may lead the pair UP.

                              According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.

                              GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.

                              NZD CAD
                              bz2f1-06kxy.jpg
                              The NZD traded lower against the CAD and closed at 0.8853.

                              The pair formed a Motherbar Insidebar.
                              The pair is stalling @ Res1 yearly Pivots.
                              The pair is stalling @ support 1 Quarter.
                              The Pair is forming Series of LH and LL.

                              Scenario
                              1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
                              2- A break above high of Motherbar then may lead the pair UP.

                              According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.

                              Comment


                              • #90
                                Technical Overview of EUR/JPY and EUR/NZD Currency Pair

                                EUR JPY

                                cbmy3-nmq4s.jpgEUR NZD

                                cbmwx-ugvda.jpg

                                The EUR traded higher against the NZD and closed at 1.7093.

                                1 - Formed a Motherbar Inside bar @ D1.
                                2 - Stalls at the Yearly Pivot.
                                3 - Making a series of HH and HL.

                                Break above 127 Extension may form a Bullish Momentum
                                Break below 127 Extension may form a Bearish Momentum

                                According to the Analysis, The pair is expected to find support at 1.70420, and a fall through could take it to the next support level of 1.69906. The pair is expected to find its first resistance at 1.71337, and a rise through could take it to the next resistance level of 1.71740.

                                EUR NZD Previous Day range was 91.7 and Current Day Range is 33.6.

                                Fundamental Events over Night

                                1 - The dollar held near a two-week high against its peers on Friday, supported by strong U.S. economic data and a bounce in Treasury yields.
                                2 - Pound falls below $1.28 as pressure builds on May to go.
                                3 - The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday.
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