Currency Pair Daily Forecasts
EUR/USD Daily Technical Reports
EUR/USD-market strategy can be a buy till the level $1.5509
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence),we notice the MACD lines after a bearish crossover above the zero line are heading upwards and turning bullish. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. As seen on the chart there are two tops leading upwards to a buying trend.
USD/JPY Daily Technical Reports
USD/JPY-market strategy can be a buy till the level 102.50
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. As seen on the chart there are two tops leading downwards to a selling trend.
GBP/USD Daily Technical Reports
GBP/USD-market strategy can be a sell till the level $1.9457
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line although heading upwards which may indicate that there are some buying opportunities. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. As seen on the chart there are two tops leading downwards to a selling trend.
USD/CHF Daily Technical Reports
USD/CHF-market strategy can be a sell till the level 1.0404
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line are heading downwards to a selling trend. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. As seen on the chart there are two tops leading downwards to a selling trend.
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Disclaimer: FINOTEC Tradings Market Commentaries are provided for informational purposes only. The information contained within these reports is gathered from reputable news sources and not intended as investment advice. FINOTEC Trading assumes no responsibility or liability from gains or losses incurred by the information herein.
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