Monday, November 2, 2015

Every day Technical Evaluation



Current level – 1.1026


Forex Technical Analysis on EUR/USD


The intraday bias is positive above 1.0990 minor support, for another leg upwards, through 1.1100 crucial resistance. 



















Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.11001.11001.12101.1460
Support1.09961.09001.09001.0800

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Current level – 120.39


Forex Technical Analysis on USD/JPY


My outlook here remains negative below 120.80 intraday resistance, for a break through 120.00 support, en route to 119.20 mark. 



















Key Market Levels
Minor Intraday Major Intraweek
Resistance 120.80121.50121.50122.30
Support 120.00119.20117.50116.15

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Current level – 1.5433


Forex Technical Analysis on GBP/USD


The uptrend from 1.5240 low peaked at 1.5470 and the pair has entered a minor corrective phase, currently supported at 1.5416. Crucial on the downside is 1.5375 area and I expect it to provide a reliable base for the next upswing, through 1.5510.



















Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.55101.56601.56601.5820
Support 1.53751.52831.52831.5170

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Trading Strategy
DATEORDERENTRYSLTP1TP2
EUR/USDOctober 30BUY MKT1.10061.09301.12001.1450
USD/JPYOctober 30SELL MKT120.47120.90119.30118.20
GBP/USDOctober 30BUY MKT1.53381.52701.54151.5500



Every day Technical Evaluation

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