20 / 10 / 2015 | Technical Analysis

NZD/ USD: Today’s Major Zones 0.6845 and 0.6742

North American Session
The NZD/USD pair fell slightly since the 15th of October, 2015, with the price dropping from as high as 0.6896 to as low as 0.6784, to subsequently consolidate between the levels of 0.6822 and 0.6782.

Today the pair advanced up to 0.6865 to then fall down to 0.6742. Taking into consideration that there is enough support below the zone of 0.6742, the price could bounce back to the upside. In the event that the buyers are able to exert stronger pressures and the price breaks above the level of 0.6801, the pair could escalate up to 0.6838 and 0.6896 respectively. 

Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level of 0.6725, the pair could decelerate down to 0.6687 and 0.6638 in extension.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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20 / 10 / 2015 | Technical Analysis

EUR/GBP: Today’s Major Zones 0.7313 and 0.7341

European Session
The EUR/GBP pair has been under selling pressures since Thursday, 13th of October, 2015, with the sellers being able to drive the price from as high as 0.7492 to as low as 0.7303.

From Monday, the pair initially stabilised between the levels of 0.7305 and 0.7323. In the scenario that the buyers manage to break above the price of 0.7375, the price could reach 0.7398 and 0.7420 in extension.

Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level 0.7303, the pair could decelerate down to 0.7233. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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19 / 10 / 2015 | Technical Analysis

EUR/USD: Today’s Major Zones 1.1379 and 1.1308

North American Session
The EUR/USD pair has been under selling pressures since Thursday, 15th of October, 2015, with the sellers being able to drive the price from as high as 1.1494 to as low as 1.1308.
In the scenario that the buyers manage to break above the price of 1.1379, the price could reach 1.1402 and 1.1424 in extension.
Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level 1.1308, the pair could decelerate down to 1.1212. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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19 / 10 / 2015 | Technical Analysis

USD/JPY: Bearish Pressures Noticed at 119.28

European Session
The USD/JPY pair has been moving upwards since the 15st of October 2015, with the buyers leading the price from as low as 118.06 to as high as 119.65.

Subsequently, the currency pair consolidated between 119.65 and 119.14, with bearish pressures being noticed at 119.28. If the sellers manage to get an advance of the situation and exert stronger pressures, they could force the pair to break below the support level of 119.05. Once the price penetrates that zone, the pair could decelerate down to 118.85 and 118.68 in extension.

In the opposite scenario, where the buyers manage to resume their upward pressures and the price breaks above the 119.65 level, the pair could rise up to 120.34.




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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16 / 10 / 2015 | Technical Analysis

USD/CAD: Bullish Pressures Noticed at 1.2926

The USD/CAD pair has been under selling pressures since Tuesday, 13th of October, 2015, with the sellers being able to drive the price from as high as 1.3078 to as low as 1.2831. 
Today, the pair has been gradually moving upwards from 1.2831 up to 1.2926. In the scenario that the buyers manage to break above the price of 1.2926, the price will escalate from 1.2986 up to 1.3078 in extension.
Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level 1.2831 will decelerate down to 1.2788. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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16 / 10 / 2015 | Technical Analysis

EUR/GBP: Today’s Major Levels 0.7342 and 0.7371

European Session
The EUR/GBP pair has been under selling pressures since Tuesday, 13th of October, 2015, with the sellers being able to drive the price from as high as 0.7491 to as low as 0.7342. 
Today, the pair stabilised between the levels of 0.7342 and 0.7371. Given that there is a significant level of support at 0.7333, the pair would probably bounce back up. In the event that the buyers manage to exert stronger pressures and push the price higher, above the previous resistance zone of 0.7400, profit targets could be set at 0.7417 and 0.7435 in extension.
Conversely, in the scenario where the sellers continue pressing the pair lower and the price breaks below the level of 0.7332, the pair could go down to 0.7233. 
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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15 / 10 / 2015 | Technical Analysis

EUR/CAD: Today’s Major Levels 1.4666 and 1.4754

North American Session
The EUR/CAD pair has been trending down since Tuesday, 13th of September 2015. The downward movement began from as high as 1.4902 to as low as 1.4662.

Taking into consideration that the pair is testing the previous support zone at 1.4666, the price could bounce back up. In the scenario that the buyers succeed in pushing the price to break above the level of 1.4754, the price could escalate up to 1.4783 and 1.4809 in extension. 

Conversely, in the scenario where the sellers manage to resume their bearish pressures and break below the level of 1.4666, the price could decelerate to 1.4549. 




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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15 / 10 / 2015 | Technical Analysis

USD/JPY: Today’s Major Levels 119.16 and 118.09

European Session
The USD/JPY pair has been under bearish pressures, since the 9th of October 2015. The downward movement began from as high as 120.33 to as low as 119.08.

After testing the lowest part of the pair’s support zone, the price has stabilised at 118.39, which is a good indication that the buyers are struggling to gain momentum. Provided that they become strong enough to push the price to break above the level of 118.95, the price could escalate up to 119.22 and 119.49 in extension.

Alternatively, in the event that the sellers keep pushing lower and the price breaks below the 118.09 level, the pair could decelerate to 117.66. 
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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14 / 10 / 2015 | Technical Analysis

AUD/USD: Today’s Major Levels 0.7199 and 0.7292

North American Session
The AUD/USD pair has been decelerating since the 12th of October 2015, with the bears driving the price from as high as 0.7379 to as low as 0.7199.
During the course of the session today, the pair gained traction moving from 0.7199 up to 0.7292.  In the event that the buyers keep exerting higher pressures, the pair could rise up to 0.7309 and 0.7379 respectively.
In the opposite scenario, where they are unable to withhold their pressures and the pair is forced lower, the price could decelerate down to 0.7186 and 0.7064 respectively.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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14 / 10 / 2015 | Technical Analysis

EUR/GBP: Bearish Pressures Noticed Below 0.7470

European Session
The EUR/GBP pair has been advancing since the 9th of October 2015, with the buyers driving the price from as low as 0.7336 to as high as 0.7492.

Subsequently, the currency pair stabilized between the levels of 0.7470 and 0.7447, with the latest bearish candlesticks currently hovering over 0.7456. This indicates that the sellers are trying to overweigh buyers in trading volume and gain momentum. In case that they succeed in doing so, they could lead the price to break below 0.7432 and reach the levels of 0.7413 and 0.7396 in extension.

Alternatively, in the event that the buyers manage to resume their upwards pressures and push the price to break above the level of 0.7492, the pair could rise up to 0.7508.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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