EUR/USD
EURUSD fell slightly
during the day on Wednesday, after making a Doji on the daily chart.
Though the pair is in the up trend so we believe that the pair will
bounce back around 1.1295 level. With the next daily and monthly
candle we feel market may give some consolidation range so we can be
short term traders in this market.
GBP/USD
GBPUSD rose during the day
as the quarter on quarter Final GDP came out. Also, the pair has
changed the trend with the Doji on the daily chart. We now feel that
it is only a matter of time that the pair will reach 1.53 level. The
monthly candle is also expected to change the trend and take the
market up.
AUD/USD
AUDUSD went up and forth
during the day slicing towards 0.7030 level. The 0.7045 level is
giving massive resistance so if we break this level we may head up to
0.7135 level to the up. Though the pair is in the longer term down
trend, we believe that with the new monthly candle we may change the
trend. If not, we are longer term sellers below 0.69 level.
NZD/USD
NZDUSD rallied during the
day, trying to reach 0.6400 level. Looking at the 4 hourly chart, the
pair is in the up trend so if we cross 0.6400 level we are buyers for
the short term. The pair is in the longer term down trend so with the
next daily and monthly candle we may get a clear picture that whether
the pair is changing its trend or it will continue to be in the
longer term down trend.
No comments:
Post a Comment