🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Major Currency Pairs : March 007, 2016

Published 03/07/2016, 06:32 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-

EUR/USD

Current level - 1.0948


The recent break through 1.0910 confirms a reversal at 1.0824 and the overall outlook is bullish, for a rise towards 1.1070 area. The intraday bias however is negative below 1.0980 minor resistance and initial support lies at 1.0910.

resistance intraday intraweek 1.0980 1.1067 1.1067 1.1194 support intraday intraweek 1.0910 1.0770 1.0824 1.0510

USD/JPY

Current level - 113.74


The overall outlook remains bullish above 113.30 support, with an initial resistance at 114.20. A violation of the latter will signal a rise towards 115.17 area.

resistance intraday intraweek 114.20 115.17 115.17 116.00 support intraday intraweek 113.30 111.00 112.70 110.00

GBP/USD

Current level - 1.4163


A reversal has been confirmed at 1.3824 and the outlook is bullish, for a rise towards 1.4400 resistance area. The intraday bias is negative after the failure at 1.4237 resistance, for a slide towards 1.4110 support. A violation of the latter will challenge 1.4020 major hurdle.

resistance intraday intraweek 1.4237 1.4237 1.4400 1.4400 support intraday intraweek 1.4110 1.3820 1.4020 1.3650

EUGERMANY30

Current level - 9795


Although the uptrend here is still intact, I favor a corrective slide towards 9590 support area. Trigger on the downside is 9700.

resistance intraday intraweek 9920 9920 9920 10160 support intraday intraweek 9700 9350 9590 9120

US30

Current level - 16996


A breach through 16900 support zone will signal a corrective dip towards 16730 support area. Key resistance on the upside lies at 17125.

resistance intraday intraweek 17060 17125 17125 17250 support intraday intraweek 16900 16160 16730 15970

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.