XAUUSD(GOLD) H4, SHORT TERM TECHNICAL ANALYSIS
Gold is reactimg to a major resistance zone but shows a weakness for a short down ward move. But this move can only be confirmed by break and close of a 4 hour candle below red trendline marked T. The target will be around 1245.73 support zone marked by Y
GBPJPY, Hourly Technical analysis.
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The price is reacting to the resistance zone around 1.39938. The short term sell trade will be confirmed by break and close of the hourly candle below the pink trendline marked T. The target is around 1.39035 zone marked by horizontal line, R.
NZDUSD Daily Technical Analysis
The pair broke the uptrend marked by Red trendline marked R with a gap. It is now congesting with the potential to continue down wards. The down side will be confirmed by break close below the 0.65591 support zone of the daily candle marked by E The first large support zone is around 0.64340 marked by Z. The larger target will be around 0.62274 marked by horizontal line marked X.
USDCHF, Hourly. 31 pips
The hourly chart is now coming into the 21 Simple Moving Average zone. The short term trade will be confirmed by break close of hourly candle below blue horizontal line marked Z. The first target is around the 0.99579 marked by horizontal line Y.
EURJPY Hourly 60pip sell
The price is now reacting in the 21 Simple Moving Average zone . The short term 60 pip sell trade will be confirmed by break close below trendline marked X. The target is around the 123.798 marked by Y.
EURUSD, DAILY TECHNICAL ANALYSIS
The pair is congesting in a descending triangle marked by trendlines S and R after retest of broken trendline support marked X which is now a strong resistance zone. If the pair moves and closes above R then the trendline X zone will be the target. The movements within the triangle show a large bearish bias, but this can only be confirmed by break and close below trendline Support marked S. The first target will be the previous lows in a support zone around 1.0633 marked by T.
TECHNICAL ANALYSIS
NZDJPY Hourly
68 PIP SELL
The pair is in a large resistance zone but confirmation of the short is break and close below the horizontal line marked R around 76.538.
First target is on the 0.0 Fib retracement as shown in the fig below
