Technical Analysis Of Stocks - Forex Technical Major Pairs analysis March 5, 2019

Technical Analysis Of Stocks

30-12-2023 • 0 seconds

There is nothing to stop U.S dollar index upward movement yet. The index breaks above 96.70 resistance today and headed to 97.50 resistance. Looking at the upward momentum, it looks like the index will reach the resistance this week. For full outlook for this week, you can follow Forex Outlook For The Week 4-8 March 2019 Opposite of U.S dollar index, EUR/USD move down with strong momentum today. The bearish move drives the price below 1.1300 support level. If the bearish pressure continues then EUR/USD will print fresh low below previous month low. Today critical levels to watch: Support: 1.1300, 1.1200 Resistance: 1.1360, 1.1400 GBP/USD drifted lower from 1.3250 and moving toward daily SMA 200. The pair projected will test the averages soon and next direction will be determined after the event. This week, if GBP/USD could stay above SMA 200 then it is possible the pair will stage a rally next week. Today Critical level to watch: Support: 1.3000, 1.2800, 1.2625 Resistance: 1.3250, 1.3300, 1.3330 No change to the USD/JPY projection yet. The pair still trapped between daily SMA 200 and 112.00 resistance. It has closed below the level for two days and might extend it to three days. Traders might want to stay sideline with bullish bias right now. Today critical levels to watch: Support: 111.00, 110.50, 110.00 Resistance: 112.00 A fresh low printed on the AUD/USD daily chart, the bull might not able to reverse the current situation. On the chart, the pair stick near the support trendline without significant lower close. Will the bear managed to get a decisive lower close today? Today critical levels to watch: Support: 0.7000 Resistance: 0.7080, 0.7160, 0.7200



SOURCE : https://tradertalks-net.translate.goog/s/19999?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp

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