banner-img
banner-img
banner-img
21 Apr

21st April 2016 Technical Support and Resistance Level's

admin Forex technical indicator 0 Comments
Today’s Technical Analysis Pairs: EURUSD, GBPUSD, & USDJPY.

EURUSD

In Germany, the Producer Price index is in a level from February to March. At rest, the index cut down by 3.1 percent y/y. This is the strongest fall down since 2010 January. Economists predictable a growth of 0.1percent m/m, & beg off of 2.9percent y/y. According to the most recent information, the uphill pressure on consumer prices since the manufacturers is restricted. The consumer environment in 28 European countries reduced by 3.2 points since 12.2 points in 2015 December  - 9 points in 2016 March.
 
The 1st support lies on the levels of 1.126 & after those 1.115 levels. The 1st resistance remains at 1.135 & then 1.145 levels. It’s non-confirmed & a puny sell signal. The downward movement will be until the value is below the Cloud. The MACD indicator is within a positive region. The value is correcting. If the value fixates underneath the support levels of 1.126, it might carry on the downward movement in the short term. For the impending target are 1.115 levels.
 

GBPUSD

 
GBPUSD shaped a consolidation. Former the pair grows up self-assuredly in the midst of the oil prices gain & the interest in perilous possessions.  The number of Brexit challenger freshly turns down. Almost certainly, the current government cautions about the huge collision of the country exit as of the European Union have a positive result on the British people.
 
The value is verdict the 1st support at 1.432 levels, the other one is at 1.424 levels. The value is verdict the 1st resistance at 1.44 levels, the other one is at 1.448 levels. It’s confirmed & a strong buy signal. The uphill movement will be until the value is over the Cloud. The MACD indicator is within a positive region. The value is strengthening. If the uphill rebound potential target is 1.44 levels. If the value drops it will acquire to 1.432 levels.
 

USDJPY

 
The nonexistence of interest in buying the yen becomes the driver of an uphill rectification. The correction twisted out to be weak in the midst of the risky possessions popularity. An imperfect growth piercing to the weak point of the US currency, which is in under pressure.
 
The value is verdict the 1st support at 109 levels, the other one is at 108.2 levels. The value is verdict the 1st resistance at 109.8 levels, the other one is at 110.6 levels. The Tenkan-sen illustrates an uphill movement & the Kijun-sen confirms a horizontal movement figuring a “Golden Cross”. The MACD indicator is within a positive region. The value is rising. The buyers want to break over 109.8 levels for a solid growth. The approach to the spot 110.6 levels will be unlocked following this breakthrough.
Previous Next
 
Share This Post
 
 
banner-img
banner-img
banner-img
watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000

Since
2009

watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus

Since
2013

banner-img

Facebook

Twitter

Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.