Exness Technical Daily

[meeru]

AUDUSD drop in progress, remain bearish

AUDUSD
Sept. 15, 2016, 04:00
Sell below 0.7500. Stop loss at 0.7525. Take profit at 0.7440.

Reason for the trading strategy (technically):

Price rose to our selling area at 0.7500 as expected (pullback resistance, Fibonacci retracement) and has reacted off that level. We remain bearish selling for a drop towards 0.7440.

RSI (21) is holding below our 54% resistance which is keeping our bearish view.

Reason for the trading strategy (fundamentally):

The main news event driving USD today is the U.S. Advance Retail Sales which is a monthly measure of sales of goods to consumers at retail outlets. The figure is a significant market mover, valuable both for its timeliness and insight into consumer demand and consumer confidence. We’re expecting a positive value here meaning more consumer spending and confidence, leading to strength in the USD. This would go in line with our bearish AUDUSD view we have today

 

[meeru]

USDCHF profit target reached perfectly, turn bullish

USDCHF
Sept. 22, 2016, 04:35
Buy above 0.9705. Stop loss at 0.9675. Take profit at 0.9765.

Reason for the trading strategy (technically):

Price reached our profit target perfectly from yesterday. Today we turn bullish above major support at 0.9705 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce to at least 0.9765.

Stochastics (34,3,3) is in an area of support where we expect a bounce from.

 

[meeru]

EURAUD right on channel support, buy now

EURAUD
Sept. 22, 2016, 04:34
Buy above 1.4650. Stop loss at 1.4570. Take profit at 1.4900.

Reason for the trading strategy (technically):

Price is right on channel support at 1.4650. We look to buy at this level for a small push up to strong resistance at 1.4900.

RSI (21) is right on an area of support where we expect a bounce from.

Stochastics (21,3,3) *is also bouncing above our 5% support signalling a bounce is fast approaching.

 

[meeru]

NZDUSD right at major resistance, remain bearish

NZDUSD
Sept. 22, 2016, 04:32
Sell below 0.7360. Stop loss at 0.7385. Take profit at 0.7255.

Reason for the trading strategy (technically):

Price is right on major resistance and our selling area at 0.7360 (Fibonacci retracement, Fibonacci projection, overlap resistance) and we expect a reaction off this level for a drop to 0.7280.

Stochastics (21,3,3) is right below major resistance at 88%.

https://goo.gl/KFJDg0

 

[meeru]

EURJPY reached major resistance, time to sell

EURJPY
Sept. 26, 2016, 03:38
Sell below 113.50. Stop loss at 114.00. Take profit at 112.10.

Reason for the trading strategy (technically):

Price has reached our major resistance at 113.50 (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection) and we expect price to react off that level for a drop to 112.10.

RSI (21) is seeing major resistance from our descending resistance line showing that our bearish move is still in progress.

 

[meeru]

EURAUD bouncing off channel support as expected, remain bullish

EURAUD
Sept. 26, 2016, 03:35
Buy above 1.4650. Stop loss at 1.4570. Take profit at 1.4900.

Reason for the trading strategy (technically):

Price has bounced off channel support as expected at 1.4650 where we expect further rise to 1.4900.

RSI (21) has bounced off our area of support as expected triggering a bullish move.

Stochastics (21,3,3) has also bounced above our 5% support signalling a bounce is in progress.

 

[meeru]

NZDUSD profit target reached perfectly, turn bullish above major support

NZDUSD
Sept. 26, 2016, 03:33
Buy above 0.7215 support. Stop loss at 0.7175. Take profit at 0.7280

Reason for the trading strategy (technically):

Price reached our channel exit potential perfectly as expected bagging us good profits. We now turn bullish above fractal support at 0.7215 (Fibonacci retracement, Fibonacci projection, horizontal support, channel exit support) for a push up to 0.7280.

Stochastics (21) is seeing a bounce above our 10% support level signalling a bullish move is in progress.

 

[meeru]

AUDUSD close to resistance, turn bearish

AUDUSD
Sept. 26, 2016, 03:32
Sell below 0.7635. Stop loss at 0.7685. Take profit at 0.7575

Reason for the trading strategy (technically):

Price is on pullback resistance at 0.7635 where we expect a reaction from for a drop to fractal support level at 0.7575 (Fibonacci retracement, Fibonacci projection, horizontal overlap support).

RSI (21) is also making a bearish exit triggering a bearish move from here.

 

[meeru]

USDJPY continues to bounce perfectly above support, remain bullish

USDJPY
Sept. 26, 2016, 03:11
Buy above 100.70. Stop loss at 100.00. Take profit at 101.75.

Reason for the trading strategy (technically):

USDJPY bounced above our major support at 100.00 (big figure, Fibonacci projection, horizontal support) and we expect a further bounce above 100.70 to reach our profit target of 101.75. Stop loss is adjusted to 100.00 for breakeven to protect our profits.

RSI (21) is displaying bullish divergence vs price signalling a reversal is impending.

 

[meeru]

AUDNZD right at major resistance, time to start selling

Cross rate
Sept. 26, 2016, 03:08
Sell below 1.0550. Stop loss at 1.0630. Take profit at 1.0410

Reason for the trading strategy (technically):

Price is now on major resistance at 1.0550 (horizontal overlap resistance, Fibonacci retracement, Fibonacci projection) where we expect a reaction from and a drop to 1.0410

Stochastics (21,3,3) is right on resistance at 93% too where we expect a similar bearish reaction from.