3:28 PM
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GBPUSD
The GBP/USD made a
spike from the 1.48 zone on Wednesday. However, the
resistive nature of $1.49 level has recently been quite frequently
exhibited, hence we suspect the downtrend might continue for the
moment. Currently we are looking to make
profits through short positions. 1.50 level
might be considered as a ceiling, hence our interest in Long
positions will be stirred up only after that. 3 Days Free Trail Signals
EURUSD
The EUR/USD
took a dip in light of stronger than expected U.S.
New Home Sales report. The pair found a support in the vicinity of
the 10-day Moving Average at 1.0920. We see a resistance at 1.1059,
that also happens to be in the zone of December highs. Among the
indicators, RSI(Relative Strength Index) happens to be in the neutral
zone and MACD(Moving Average Convergence Divergence) also
isn't giving positive signals.
AUDUSD
The AUD/USD
spent the entire session on Wednesday exhibiting
pendulum motion as the 0.72 level seems to be a sticky one for the
pair. Take a look at the 100-day
Exponential Moving Average, it is essentially flat and hardly any
defined trends happen to be there. For the moment, it is better to
stay away from this pair due to the lack of volatility at present.
USDJPY
The USD/JPY
pair had a lazy Wednesday as it continued with its
stay in the 120.50 level. Any noise at this level is vibrated to the
118.50 level. At present, we are in search of a good opportunity to
take a Long position and a supportive candle might give us the
confidence that we lack at the moment. Any
chances of a short position are below the 118.50 zone. However, it
seems this might take a while before it occurs.
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