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Technical Outlook

GBP/USD Daily Chart

17 September 2019

The daily chart of GBP/USD indicates that the market has created a major support level at 1.20785 (Purple horizontal line) and the market  rallied towards a major resistance level at 1.24888 (Purple line). In previous occasions the market has pushed away and created clusters at this level. If the market is to go bullish it has to break above the blue horizontal line and test at the backside of this level. By analyzing the lower time frames we can see if the market is planning to dip towards the major support level of 1.20785 (Purple Line). We will be analyzing this by using buy zones and sell zones of lower time frames to get entries to sell the market.

J. Mahir

Lead analyst

EUR/USD Daily Chart

17 September 2019

EUR/USD daily chart shows that the market is in a downtrend making lower lows and lower highs. The market is moving towards south after reaching a major resistance level of the chanel. Off the lower time we will be spliting the market into buy zones and sell zones to get the entries to sell the market towards the bottom of the chanel. 

J. Mahir

Lead analyst

AUD/USD Daily Chart

17 September 2019

AUD/USD daily chart shows that the market is in a downtrend making lower lows and lower highs in a chanel. The market is expected to retarce towards the Fibonacci levels and sell off the market towards the bottom of the chanel.

J. Mahir

Lead analyst

NZD/USD Daily Chart

18 September 2019

NZD/USD Daily time frame shows that the market has broken below the large consolidation range and started making lower lows and lower highs. The recent Fibonacci A-B boundary indicates that the market has created a support level at the Fib 1.27 area with an incomplete 382 retracement. We will be analyzing the market off the one-hour time frame’s buy zones and sell zones to see if the market breaks below the 127 low to reach its bearish target D at 0.61202 level.

J. Mahir

Lead analyst

USD/JPY Daily Chart

18 September 2019

USD/JPY daily chart shows that the market has been trading in a large consolidation (yellow box) which recently broke below and U- turned from a major support level of 104.757. Within the consolidation box we can see the market is also respecting a down channel making lower lows and lower highs. The market is expected to first rally up to the resistance of the channel and then going bearish to the support level (107.879) of the consolidation yellow box.

J. Mahir

Lead analyst

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