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EUR/USD down trend
i thing nex few week eur/usd down my target is 1.1825
EURUSD DOWN TREND
short positions below 1.1700 with targets at 1.1565 & 1.1456 in extension.
AUDJPY UP TREND
As of now, the pair is trading in an upward trending channel on the 4H chart, reflecting at the bullishness in the near term. In addition, the MACD indicator is placed at a higher level above its midline, further elaborates the above view. The key technical obstacle is positioned at the 1 level, followed by the psychological 0.8940 and 0.8980 levels.
EURJPY DOWN TREND
As of now, the pair is trading in an upward trending channel on the 4H chart, reflecting at the bullishness in the near term. In addition, the MACD indicator is placed at a higher level above its midline, further elaborates the above view. The key technical obstacle is positioned at the 1 level, followed by the psychological 1.3100 and 1.3150 levels.
EURUSD
The Euro posted modest gains against the US Dollar in the last session and reached near its two-year high, after the European Central Bank (ECB) Chief, Mario Draghi, remained upbeat on the recovery of Euro bloc, while expressed no concerns over a strong Euro currency, in a speech at Jackson Hole. Currently, the pair is trading above the shortterm and long-term EMAs on the 1H chart, indicating at the bullish momentum in the coming session. Key resistance is located at the psychological 1.2000 lev…
GBPUSD UP MOVE NEXT MONTH
The Pound traded higher against the US Dollar in the previous session, following news that the British Labour party favoured a softer Brexit that would permit easy access to the single market and customs union. As of now, the pair is trading in an upward trending channel on the 1H chart, reflecting at the bullishness in the near term. In addition, the MACD indicator is placed at a higher level above its midline, further elaborates the above view. The key technical obstacle is positioned at the 1…