EUR/USD Current price: 1.3183
View Live Chart for the EUR/USD
The EUR/USD closed the 2/22 session a doji candle, after a low of 1.3144. A doji candle shows uncertainty, stalling a bearish breakout of a key rising trendline. A pullback should be monitored around the previous support of 1.33 for possible resistance. As noted, the bearish outlook has 38.2% retracement at 1.3072, and 50% retracement at 1.2875.
Support Levels: 1.3036 1.3090 1.3137
Resistance Levels: 1.3238 1.3292 1.3339
GBP/USD Current price: 1.5132
View Live Chart for the GBP/USD (select the currency)
The GBP/USD made a late 2/22-session push downwards after pulling back to the 1.53 level. The pressure is now on the current low of 1.5130, below which we have the 1.50 handle in sight and possibly even the 1.4227 2010-low, if the 1.50 is broken and becomes resistance.
Support Levels: 1.4954 1.5057 1.5114
Resistance Levels: 1.5274 1.5377 1.5434
USD/JPY Current price: 94.05
View Live Chart for the USD/JPY (select the currency)
The USD/JPY traded tightly during the 2/22 session, within the 2/21 range, reflecting uncertainty. The bullish stance from the prevailing trend remains with the outlook to the 95.00 handle, 2010-high still. A break below 91.80-92.00 support area could change that.
Support Levels: 92.40 92.66 92.99
Resistance Levels: 93.58 93.84 94.17
AUD/USD: Current price: 1.0268
View Live Chart for the AUD/USD (select the currency)
USD/CHF held at its falling channel resistance. A break below at least 0.9235 will be needed to start up the bearish outlook again, especially if the falling channel stays intact. The current short-term momentum and price action is still bullish and if this extends next week, we have the 0.9380 area as the first resistance pivot, and then the 0.9511 pivot. Above 0.9511, the market can be seen as bullish.
Support Levels: 0.9231 0.9256 0.9276
Resistance Levels: 0.9321 0.9346 0.9366
New to Forex? Visit our EUR/USD: A doji candle shows uncertainty
No comments:
Post a Comment