GBP/AUD Forex Technical Analysis & Trading Strategy for Wednesday, May 06 2015

Technical Analysis : The primary trend of GBP/AUD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at its rising trend line and having support at the important level of 1.9030. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 1.8965/1.8935 in today's session.

Indicators:

MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

Strategy :- GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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GBP/AUD Technical Analysis and Forex Strategy for Wednesday, April 08 2015

GBP/AUD

 

SUMMARY : GBP/AUD currency pair is trading in sideways trend and from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 and 200 DMA. Prices are also taking support at the important level of 1.9320. Today if GBP/AUD pair breaks its support level & manages to sustain below it, then we can expect it to test the level of 1.9250/1.9210 in today's session.

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INDICATORS:-

MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

 

Technical Chart

FOREX STRATEGY :- GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

EUR-GBP Forex Technical Analysis and Strategy Monday, April 06 2015

EUR/GBP

RECOMMENDATION : BUY TARGET 0.7530

SUMMARY:

The overall trend of EUR/GBP is bearish, In its hourly chart, prices are consolidating with strong positive bias. 30 & 200 DMA are also providing support to the prices, supporting the further uptrend. If EUR/GBP crosses the important resistace level of 0.7390 and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 0.7390 & sustains above it we can expect it to come up to the levels of 0.7470/0.7530 in next few days.

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INDICATORS:-

RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.

MACD is also sustaining above the zero line, indicating the up trend in the market.

EUR/GBP

STRATEGY:- EUR/GBP is bouncing back from lower levels. One can go for buy on dips strategy for this pair for intra day to mid term positions.

NZD/USD Forex Technical Analysis and Strategy for Thursday, April 02 2015

NZD/USD

 

Technical Analysis :

NZD/USD currency pair is primarily showing bearish trend on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating below its falling trend line. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 0.7480 at upside then we can expect it to test the level of 0.7535/0.7565.

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Indicators:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 

Technical Chart

 

Forex Strategy:- NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.