Tue, Sep 27, 2022 @ 05:40 GMT
HomeContributorsTechnical AnalysisDaily Technical Analysis: EURUSD, GBPUSD, USDJPY, USDCHF

Daily Technical Analysis: EURUSD, GBPUSD, USDJPY, USDCHF


EURUSD

The EURUSD had a strong bullish momentum last week topped at 1.1445. As you can see on my H4 chart below, price has been moving convincingly above the EMA 200 and the trend line support suggests a valid and strong bullish trend. The bias remains bullish in nearest term testing 1.1500 – 1.1530 region before targeting 1.1615 key resistance. Immediate support is seen around 1.1350. A clear break below that area could lead price to neutral zone in nearest term testing 1.1285 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

GBPUSD

The GBPUSD had a strong bullish momentum last week topped at 1.3029. The bias remains bullish in nearest term testing 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would activate my bullish mode targeting 1.3350 – 1.3500 region. Immediate support is seen around 1.2950 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2900 region.

USDJPY

The USDJPY had a bullish momentum last week topped at 112.92. As you can see on my H4 chart below, price has been moving consistently above the EMA 200 after broke above the trend line resistance, suggests a valid bullish trend. The bias is neutral in nearest term probably with a little bullish bias testing 113.00 area. A clear break and daily close above that area would expose 114.30 region. Immediate support is seen around 111.75. A clear break below that area could trigger further bearish pullback testing 111.30/00 region but as long as stay above 110.65 price is still in a bullish phase.

USDCHF

The USDCHF had a bearish momentum last week bottomed at 0.9550. The bias remains bearish in nearest term but note that from a daily chart perspective, 0.9550 – 0.9450 area remains a key support and good place to buy with a tight stop loss below 0.9450. Immediate resistance is seen around 0.9650/75. A clear break above that area could lead price to neutral zone in nearest term testing 0.9765 region. On the downside, a clear break below 0.9450 would expose 0.9250 area this week.

FX Instructor
FX Instructorhttp://fxinstructor.com/en/
The information has been prepared for information purposes only. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. This information contained herein is derived from sources we believe to be reliable, but of which we have not independently verified. FXInstructor LLC assumes no responsibilities for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon this information. FXInstructor LLC does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FXInstructor LLC shall not be liable for any indirect, incidental, or consequential damages including without limitation losses, lost revenues or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results

Featured Analysis

Learn Forex Trading