Category Archives: Quick Forex

AUD/NZD profit target reached, remain bullish

By | January 27, 2017

Cost has lastly bounced above our assistance and reached our revenue target perfectly. We remain bullish above 1.0385 support(Fibonacci retracement, swing low assistance) for a rise to 1.0438 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34) is bouncing above our 31% support level.Stochastic (21,5,3)is

bouncing above our 6%support level.Buy above 1.0385.

Stop loss at 1.0438. Take revenue at 1.0352. The material has been supplied by InstaForex Business – www.instaforex.com

AUD/USD beginning to drop nicely, stay bearish

By | January 27, 2017

We stay bearish listed below significant resistance at 0.7580(Fibonacci retracement, Fibonacci projection, horizontal overlap resistance)with rate just recently breaking a long term support-turned-resistance line. We anticipate a strong ongoing drop from this level to at least 0.7447 assistance (Fibonacci retracement, swing low support).

Stochastic (21,5,3) remains at 92% resistance and sees bearish divergence vs price signalling a reversal which is approaching.Sell listed below 0.7580.

Stop loss at 0.7644. Take earnings at 0.7447. The material has actually been offered by InstaForex Business – www.instaforex.com

Day-to-day analysis of GBP/USD for January 27, 2016 888011000 110888 Summary The GBP/USD pair reveals more unfavorable pressure to method from checking the crucial support 1.2505, while stochastic programs clear oversold signals to form bullish momentum that we are waiting for to allow the rate to rise again. In general, we will still suggest the bullish pattern for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target lies at 1.2720. We should note that breaking 1.2505 level will push the rate to visit 12.339 areas before any brand-new attempt to increase. The expected trading range for today is in between 1.2505 assistance and 1.2720 resistance. The product has actually been provided by InstaForex Company-www.instaforex.com

By | January 27, 2017

GBPUSDH4.png

Overview

The GBP/USD pair shows more negative pressure to approach from testing the key support 1.2505, while stochastic shows clear oversold signals to form bullish momentum that we are waiting for to enable the price to rise again. In general, we will still suggest the bullish trend for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target is located at 1.2720. Besides, we should note that breaking 1.2505 level will push the price to visit 12.339 areas before any new attempt to rise. The expected trading range for today is between 1.2505 support and 1.2720 resistance.

The material has been provided by InstaForex Company – www.instaforex.com