Technical Outlook

[ngawurfx]

hi...I will Update Forex, Gold and Future Technical Outlook Everyday

Disclaimer:
All material in this publication is for information purposes only and not as suggestion to make a decision for trading.
we have tried to deliver the best report, but we do not guarantee the accuracy and
completeness of the report. we cannot be held responsible, directly or indirectly, for any
losses occurred as a result from using the information in this publication.

 

[ngawurfx]

EUR/USD. Bullish bias to aim nearest resistance around 1.1435 area and break above this area could lift the
price higher to target 1.1500 before it could reach key resistance 1.1565. Meanwhile a fall below 1.1305 could
pressure the price to aim for 1.1235 area or even key support 1.1170.

GBP/USD. Bullish bias with nearest resistance located near 1.5395 area. Consistent rise above this area
should lift the price to around 1.5460 area with key resistance located near 1.5530 area. If the price consistently
fell below 1.5285 area, it would face 1.5235 area and further below will meet key support 1.5165.

USD/JPY. Bearish bias as the price traded below MA-50 in the 4-hour chart. The price that traded below area
119.60 should need to tackle 119.20 area to confirm bearish momentum with key support at 118.60 area. On
the other hand, nearest resistance located near 120.40 area and break above this area will take the price to target
120.95 area before it could face key resistance 121.60.

USD/CHF. USDCHF managed to stay above 0.9600 on Monday, break below 0.9530 area is needed to
confirm bearish outlook targeting 0.9440 area in nearest term. Meanwhile, constant move above 0.9620 area
should cancel the bearish outlook and push the price higher targeting back to 0.9730 region.

AUD/USD. Aussie managed to make an impressive rally, the next bullish target is around 0.7470 area. But
there is a risk of bearish correction on nearest term, indicated by RSI and stochastic on daily chart which on
overbought condition. Bearish correction should target 0.7250 area as nearest support. Break below this area
could be a threat for current bullish outlook.

 

[ngawurfx]

XAU/USD. The bias is bullish in the nearest term, a clear break above 1167 is needed to trigger further
bullish momentum targeting 1173 area. On the other side, a consistent break and movement below support area
1156 would bring the price down to test 1149 area.

 

[ngawurfx]

Nikkei Futures. The bias is bearish in nearest term but we need a clear break below 18215 area to trigger
further bearish momentum aiming 17975 region or even lower. On the upside, another consistent break back
above 18375 area would trigger further bullish pressure retesting 18775 resistance area before turning lower.

Hang Seng Futures. The bias is neutral in nearest term with potential trading range seen between 22400 –
22800 area. Another consistent breakdown below 22400 area would trigger further bearish pressure aiming
21840 area. On the other side, only a clear break back above 22800 area would change the intraday bias back to
bullish retesting 23190 region.

Kospi Futures. Bias is still bullish in nearest term targeting MA-200 day, around 250.00 area. Break above
this area should accelerate bullish movement targeting 256.25 region. However, failed to break above MA-200
day could trigger bearish correction back to 242.50 support area before testing 236.50 region.

 

[ngawurfx]

Technical Outlook

EUR/USD. Bearish bias within nearest term to target nearest support near 1.1315 area before the price could
be dragged lower to aim for next support at 1.1260 or even key support 1.1210 area. Meanwhile, nearest
resistance located near 1.1430 area. Break above this area could trigger a bullish momentum to target 1.1500
area and key resistance located near 1.1565 area.

GBP/USD. The bias is bearish although there is a potential for a rebound within the nearest term. Short term
rise would aim for 1.5320 with a potential to aim for 1.5395 if the price could break above nearest resistance.
Key resistance located near 1.5485. On the other side, nearest support is around 1.5170 area and consistent
downward below this area would face 1.5105 before the price could test key support 1.5035.

USD/JPY. Potential for short term bullish movement to target nearest resistance 120.35 that could lead the
price targeting higher area of 120.85 and maybe key resistance 121.50. Alternatively, if the price fell below
nearest support 119.20, it could take the price lower with next support at 118.70 and key support at 118.20.

USD/CHF. Bias is bearish in nearest term, with break below 0.9530 area should target 0.9475 area before
testing 0.9320 region. Whila a break back to stay above 0.9600 area should bring bias back into neutral,
targeting 0.9650 resistance area in near future.

AUD/USD. Aussie was corrected sharply yesterday, but managed to pare its losses and slightly rebound.
Break below 0.7240 area should continue bearish correction to test support around 0.7110 region. While break
to above 0.9340 area should continue bullish outlook to target 0.9440 region.

 

[ngawurfx]

XAU/USD. The bias is bullish in the nearest term, a clear break above 1171 is needed to trigger further
bullish momentum targeting 1177 area. On the other side, a consistent break and movement below support area
1159 would bring the price down to test 1152 area.

Nikkei Futures. The bias is bearish in nearest term but we need a clear break below 18030 area to trigger
further bearish momentum aiming 17820 region or even lower. On the upside, another consistent break back
above 18270 area would trigger further bullish pressure retesting 18435 resistance area before turning lower.

Hang Seng Futures. The bias is neutral in nearest term with potential trading range seen between 22400 –
22800 area. Another consistent breakdown below 22400 area would trigger further bearish pressure aiming
21840 area. On the other side, only a clear break back above 22800 area would change the intraday bias back to
bullish retesting 23190 region.

Kospi Futures. Kospi is due to bearish correction in nearest term, trying to get back to 241.20 area especially
if price could break below 244.30 area. Meanwhile on the upside break above MA-200 day, around 250.00 area
is needed to resume the bullish outlook targeting 256.25 region.