EURUSD DAILY

TECHNICAL ANALYSIS

The average price swing was completed with a gap. The price is now into weekly and daily resistance marked R. Intraday 4 hour candle close below small trendline T(Fig,2) can lean price into X support zone. A daily candle close below X may lead price back into trendline support labelled S. Close preferably a weekly candle close below S can lead price back into the lows  support zone labelled M.

Meanwhile, if the momentum stays strong, a weekly candle close above R can lead price into the next resistance zone marked K.

Fig 1; EURUSD  Daily

Fig 2; EURUSD, 4-Hour

AUDJPY DAILY CHARTTECHNICAL ANALYSIS

SUPPORT AND RESISTANCE

The price reacted neatly off monthly resistance zone as we had discussed in the previous article. On the daily chart below, the labelled zones (R1,R2, S1, and S2) are the major daily resistance and support zones.

Price is now into significant daily support zone S1 marked by the blue arrows with significant downward pressure. Close below S1 preferably weekly candle close below the zone may lead price into the next major daily support zone S2 around 81.522. R1 is likely to halt the price once if it again bounces off strongly off S1.

AUDJPY, HOURLY

INTRADAY SUPPORT AND RESISTANCE ZONES

The labelled zones on the chart below are the intraday support and resistance zones. Intraday Sell setups on the zones r1, r2 and R1 are high probability short setups.

NZDUSD WEEKLY CHART

TECHNICAL ANALYSIS

The weekly price is back into a major trendline support zone formed since July 2015. This is a third touch of the trendline and can also easily lead to break of the trendline.  Preferably for the break down, price stays along the trendline T without a weekly candle closing above resistance marked R.

A weekly candle close below trendline T can lead price into support zone marked A around 0.65862. If the momentum is strong enough, the price can go as deep as support zone B after reaction on A support zone.