FXTechstrategy Team: Forex Analysis

[FXTechstrategy Team]

EURUSD Looks For More Bullishness Short Term

EURUSD: Having continued to strengthen, EURUSD looks for more bullishness in the short term. On the downside, support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. Conversely, on the upside, resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD looks for more bullishness in the short term.

 

[garik]

Results on trading on the signals of Forex Armenia Group

05.02.2016 18.41 A/Long/70%
BUY EUR/AUD SL 1.5418 TP1 1.5733 TP2 1.5843
+Close+ TP1 1,5733+ = +100 pips

05.02.2016 11.36 A/Long/70%
SELL GBP/USD SL 1.4664 TP1 1.4484 TP2 1.4406
+Close+ TP1 1.4484+ = +50 pips

04.02.2016 17.43 A/Short/60%
BUY GBP/USD SL 1.4532 TP1 1.4695 TP2 1.4795
-Close- SL 1.4555- = -80 pips

04.02.2016 23.41 A/Short/60%
BUY USD/CAD SL 1.3645 TP1 1.3773 TP2 1.3833
+Close+ TP1 1.3773+ = +30 pips
++Close+ TP2 1.3833+ = +90 pips
02.02.2016 09.13 A/Long/80%
BUY EUR/RUR SL 81.2689 TP1 86.4360 TP2 88.1445
+Close+ TP1 86.4360+ = +170 pips

01.02.2016 11.32 R/Long/60%
BUY XAU/USD SL 1109.00 TP1 1129.00 TP2 1138.00
+Close+ TP1 1129.00+ = +80 pips

01.02.2016 18.50 R/Long/70%
BUY EUR/AUD SL 1.5254 TP1 1.5490 TP2 1.5570
+Close+ TP1 1.5490+ = +75 pips

 

[garik]

Use signals of Forex Armenia Group

05.02.2016 23.31 R/Long/70%
SELL CLF SL 33.58 TP1 29.43 TP2 28.03

05.02.2016 23.33 R/Long/70%
SELL DJI SL 16484 TP1 15983 TP2 15823

 

[garik]

Results of signals for trade weeks 2016-01.02.2016---05.02.2016

From our 44 signals were closed 40, only 7 from them SL. The rest of signals were closed with profit and the general profit was more than 3200, it means that when opening all of a position on 0.1 lot we would get profit more than $3200. (details of each transaction are published).

 

[FXTechstrategy Team]

EURGBP: Recovering With Caution Ahead Of Key Resistance

EURGBP- With the cross closing strongly higher the past week, further bullishness is likely. However, with price hesitation seen on Friday (daily chart) ahead of its key resistance at 0.7741/55 zone, it should face pullback threats in the new week. Support comes in at 0.7640 level. Further down, support lies at the 0.7600 level where a violation will turn focus to the 0.7550 level. A break will expose the 0.7500 level. On the upside, resistance lies at the 0.7700 level where a violation if seen will turn risk towards the 0.7740 level. On further upside, the 0.7780 level comes in as the next upside target followed by the 0.7820 level. All in all, the cross remains biased to the downside below key support zone.

 

[deresel]

EUR/USD: In my opinion, the next levels to watch for are: support - 1.0812, resistance - 1.1246.

 

[deresel]

GBP/USD: In my opinion, the next levels to watch for are: support - 1.4224, resistance - 1.4670.

 

[FXTechstrategy Team]

EURUSD: Looks To Pullback Ahead Of Key Resistance.

EURUSD: With EUR pulling back (see daily chart) ahead of its key resistance following its rally above its declining trendline the past week, EURUSD looks to pullback ahead of key resistance. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1.1050 level. Further down, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. On the upside, resistance is comes at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. All in all, EURUSD looks to pullback ahead of key resistance.

 

[FXTechstrategy Team]

GBPUSD Looks To Weaken More On Bearishness

GBPUSD: Having declined on further weakness during Monday trading session, GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn attention to the 1.4300 level. Further down, support lies at the 1.4250 level. Below here will set the stage for more weakness towards the 1.4200 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.4450 levels with a turn above here allowing more strength to build up towards the 1.4500 level. Further out, resistance resides at the 1.4550 level followed by the 1.4600 level. On the whole, GBPUSD looks to weaken more on bearishness medium term

 

[FXTechstrategy Team]

EURJPY Looks To Put In Temporary Bottom

EURJPY: With price rejection now seen, EURJPY looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim at the 128.50 level. A turn below here will target the 128.00 level with a breach turning focus to the 127.50 level. Its daily RSI is bullish and pointing lower suggesting further weakness. Conversely, resistance lies at the 130.00 level. Further out, resistance comes in at the 130.50 level where a break if seen will threaten further upside towards the 131.00. Further out, resistance resides at the 131.50 level. All in all, EURJPY looks to put in temporary bottom with possible corrective recovery.

 

[FXTechstrategy Team]

GBPUSD Aims At 1.4591 Level On Bullishness.

GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBPUSD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1.4300 level. On the upside, resistance stands at the 1.4500 level with a turn above here allowing more strength to build up towards the 1.4550 level. Further out, resistance resides at the 1.4600 level followed by the 1.4650 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, GBPUSD aims at 1.4591 level on bullishness.

 

[FXTechstrategy Team]

EURUSD: Faces Further Bullish Offensive Short Term

EURUSD: Having taken back all of its intra day losses to close flat on Wednesday and following through higher during Thursday trading session , EURUSD faces further bullish offensive short term. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further bullish offensive short term.

 

[FXTechstrategy Team]

USDCHF Targets Support At The 0.9600 Zone

USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view. Further down, support resides at the 0.9450 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. All in all, USDCHF targets support at the 0.9600 zone on further weakness

 

[FXTechstrategy Team]

EURUSD Faces Pullback Threats On Loss Of Momentum

EURUSD: Although holding on to its upside offensive, EURUSD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. On the upside, resistance is comes at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. All in all, EURUSD faces pullback threats on loss of momentum at the end of the week

 

[FXTechstrategy Team]

EURUSD Targets The 1.1059 Support Zone

EURUSD: With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1.1050 level and then the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. All in all, EURUSD targets the 1.1059 support zone on further weakness.

 

[FXTechstrategy Team]

GOLD Follows Through Higher On Bullish Recovery

GOLD: Having GOLD reversed its Monday losses on Tuesday and followed through higher during Wednesday trading session, further strength is expected. On the downside, support comes in at the 1220.00 level where a break will turn attention to the 1210.00 level. Further down, a cut through here will open the door for a move lower towards the 1200.00 level. Below here if seen could trigger further downside pressure targeting the 1190.00 level. Conversely, resistance resides at the 1245.00 level where a break will aim at the 1255.00 level. A turn above there will expose the 1260.00 level. Further out, resistance stands at the 1270.00 level. All in all, GOLD looks to build up on its bull pressure.

 

[FXTechstrategy Team]

USDJPY: Reverses Higher With Eyes On Price Extension

USDJPY: With the pair taking back its Monday losses to close higher on Tuesday, further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at the 114.50 level. Further out, we envisage a possible move towards the 115.00 level. Further out, resistance resides at the 115.50 level with a turn above here aiming at the 116.00 level. On the whole, USDJPY looks to build up on price recovery in the days ahead.

 

[FXTechstrategy Team]

AUDUSD Extends Its Bullish Offensive

AUDUSD. With the pair strengthening further on Wednesday and following through on Thursday, it looks to move higher to the 0.7400 level and beyond. On the downside, support resides at the 0.7300 level where a breach will aim at the 0.7250 level. Below that level will set the stage for a run at the 0.7200 level with a cut through here targeting further downside pressure towards the 0.7150 level. On the upside, resistance lies at the 0.7400 level. A cut through here will turn attention to the 0.7450 level and then the 0.7500 level where a violation will set the stage for a retarget of the 0.7550 level. On the whole, AUDUSD remains biased to the upside.

 

[FXTechstrategy Team]

EURUSD Puts In Bottom With Eyes On Upside

EURUSD: Having EUR closed higher the past week, it now looks to strengthen further in the new week. On the downside, support is located at the 1.0950 level and if violated, expect more weakness to happen towards the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level. On the upside, resistance is comes at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. All in all, EURUSD remains on the offensive short term

 

[deresel]

In my opinion, the next levels to watch for are:
EUR/USD:
Support: 1.0810; 1.0730;
Resistance: 1.0975; 1.1100; 1.1286;