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Analysis of USDZAR 12.02.2018
Possible short position
The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level
EURUSD weekly
EURUSD: The pair closed lower the past week leaving risk of more weakness on the cards. We faces price hesitation with a move higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the…
USDCHF weekly
USDCHF: With the pair closing higher the past week, it looks to build up on that gain in the new week. On the downside, support lies at the 0.9350 level. A turn below here will open the door for more weakness towards the 0.9300 level and then the 0.9250 level. On the upside, resistance resides at the 0.9450 level where a break will clear the way for more strength to occur towards the 0.9500 level. Further out, resistance comes in at the 0.9550 level. Above here if seen will turn attention to 0.…
EURUSD February 9th, 2018
EURUSD: The pair closed lower on further weakness on Thursday leaving risk of more weakness on the cards. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door…
EURGBP: Sells Off Further, Eyes Key Support
EURGBP- The pair weakened further on Thursday leaving risk of a move lower on the cards. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EU…
Analysis of GBPNZD 7.02.2018
If the level of support is broken, possible short position
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is below the zero level.
The oscillator Force Index is below the zero level.
EURUSD: Bearish, Remains Vulnerable To The Downside
EURUSD: The pair closed lower for a second in day in a row leaving risk of more weakness on the cards. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2350 level where a violation will aim at the 1.2300 level. A break of here will aim at the 1.2250 level. Below here will open the door fo…