Malaysia Number 1 Board


Advertise With Us Now


Sponsored By
InstaForex

Go Back   Malaysia Number 1 Board > Wealth Management > Forex Discussion

Forex Discussion Foreign Exchange Market Discussion


Reply
 
Thread Tools Display Modes
  #291  
Old 02-12-2018, 09:59 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default EURJPY: Looks To Recovery Higher On Price Halt

EURJPY: The pair closed higher on price halt on Friday opening the door for more strength. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the upside, resistance resides at the 133.50 level. Further out, we envisage a possible move towards the 134.00 level. Further out, resistance resides at the 134.50 level with a turn above here aiming at the 135.00 level. On the whole, EURJPY faces further bear threats

Reply With Quote
  #292  
Old 02-13-2018, 08:39 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default EURUSD: Bullish, Extends Recovery Higher

EURUSD: The pair closed higher on Monday and followed through higher on Tuesday. This has opened the door for more strength to occur. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further recovery threats.

Reply With Quote
  #293  
Old 02-15-2018, 12:08 AM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default EURGBP: Bullish, Eyes Further Upside Pressure

EURGBP- The pair continues to hold on to its upside pressure as it looks to breach the 0.8927 zone. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Conversely, resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURGBP remains biased to the upside on more strength

Reply With Quote
  #294  
Old 02-15-2018, 10:29 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default GBPUSD: Bullish, Eyes Further Strength

GBPUSD: The pair was seen following through higher on the back of its Wednesday rally during Thursday trading session. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBPUSD looks to move further higher.

Reply With Quote
  #295  
Old 02-18-2018, 01:22 AM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default USDCHF: Halts Weakness, Threatens Recovery

USDCHF: With the pair weakening further on Thursday, more decline is likely. On the downside, support lies at the 0.9250 level. A turn below here will open the door for more weakness towards the 0.9200 level and then the 0.9150 level. On the upside, resistance resides at the 0.9300 level where a break will clear the way for more strength to occur towards the 0.9350 level. Further out, resistance comes in at the 0.9400 level. Above here if seen will turn attention to 0.9450. All in all, USDCHF faces further upside pressure on correction.

Reply With Quote
  #296  
Old 02-20-2018, 09:37 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default EURUSD: Bearish, Extends Weakness

EURUSD: With the pair retains weak and vulnerable to the downside on correction. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further bear threats on correction.
Reply With Quote
  #297  
Old Yesterday, 11:23 PM
FXTechstrategy FXTechstrategy is offline
Senior Member
 

Join Date: May 2016
Posts: 368
Default GBPUSD: Extends Weakness On Sell Off

GBPUSD: The pair weakened further on Wednesday opening the door for more declines. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at the 1.3950 levels with a turn above here allowing more strength to build up towards the 1.4000 level. Further out, resistance resides at the 1.4050 level followed by the 1.4100 level. On the whole, GBPUSD looks to correct further lower in the days ahead.

Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT +8. The time now is 04:41 PM.




Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.