Daily Trade forex Recommendation

[forexer]

USDCHF

USDCHF, like other currencies, is looking to determine its long-term trend. Currently it seemed to have been trapped between 1.2450 and 1.2600 levels.

Short-term traders will have good opportunities to trade USDCHF for short trades as USDCHF seems to stay in the range for the time being. We can find a good buying level around 1.2488, which also will complete the short-term retracement for USDCHF.

RSI is also in the middle and is currently not suggesting any direction and we might see USDCHF being traded in range.

Trade: Buy USDCHF @ 1.2488 for Profit Level @ 1.2548 and Stop Loss @ 1.2458 Target is at 1.2598

[forexer]

chart

[forexer]

EURUSD:

EURUSD took a rise towards 1.2834 level but was dropped down before that. EURUSD currently seemed to make another attempt to target 1.2834 level today.

According to its current upward trend, it seems to settle itself around 1.2834 and will head to 1.2905 level. Therefore long term traders will look to buy EURUSD for targets around 1.2900 level.

RSI, after yesterday's late dip, is also looking good for EURUSD to make its move towards 1.2834

Trade: Buy EURUSD @ 1.2749 for Profit Level @ 1.2809 and Stop Loss @ 1.2419 Target is at 1.2834

[forexer]

analysis this day  with  EUR/USD

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.2670

Support levels: 1.2680, 1.2640, 1.2600

Strategy: Whilst above the weekly trend reversal level, buy dips to support levels after an entry signal.

Medium term: The Euro remains in the broader 1.2450 - 1.2950 range which has dominated since June. This means range trading should continue until the Euro breaks out one way or the other.

Today: Little change from yesterday as the euro held its ground above 1.2740. Further resistance lies at 1.2850, and main support levels are a long way below at 1.2680, 1.2640 and 1.2600. Unfortunately, whilst between the extremes, we are in "no-man's land" and probabilities for trades are not great. For today, sell rallies to 1.2850 or buy dips to 1.2680 - 1.2600 only on clear signs of reversing at the time. Aggressive players might have a stab at buying near 1.2755 with tight stops.

EUR/USD Hourly chart:

EUR/USD Weekly chart:

[forexer]

EURUSD

EURUSD touched its target at 1.2905, as predicted. Currently the RSI has gone a bit high, especially in hourly charts, so we might see some pull back from EURUSD initially towards 1.2829 level which might further extend towards 1.2792 due to end of week.

The long term traders might also look to exit around 1.2900 level and will look to re-enter market around 1.2800 level again. We might also see some short-term selling of EURUSD, first due to "Profit Taking" of the last few days and secondly some short-term aggressive traders will aim to sell EURUSD for anything above 1.2900 level .

Trade: Buy EURUSD @ 1.2792 for Profit Level @ 1.2852 and Stop Loss @ 1.2762

[freesignal]

EURUSD

EURUSD after touching its target at 1.2905 is taking some retracement at the moment which is expected to be over around 1.2829 level and we might see another go by EURUSD at 1.2905 from that level. RSI is just over 65 and is under 48 in daily charts and will support the upward move by EURUSD.

A good buying level is seen at 1.2829 and we might see some good intra-day trade opportunity at this level.

Trade: Buy EURUSD @ 1.2829 for Profit Level @ 1.2889 and Stop Loss @ 1.2799

[forexer]

Daily Trade Recommendation
GBPUSD

GBPUSD took a good dip during this week and took some retrace from 1.8930 level. The retracement might continue towards 1.9058 level and GBPUSD will again make a move towards 1.8930 level and perhaps try to break that level as well.

The 1.8930 level will be a crucial one as break of this level will not only setup 1.8930 as new target level for GBPUSD but it will also get out of upward trend channel.

Trade: Sell GBPUSD @ 1.9058 for Profit Level @ 1.8998 and Stop Loss @ 1.9088 Target is at 1.8930

[forexer]

Daily Trade Recommendation
EURUSD

EURUSD looks to stay between 1.2856 and 1.2792 for most of the day and we might see short term traders get in and out of the market for very short profits.

As far as long term scenario is concerned, it seemed that EURUSD might take a rise from 1.2792 level towards 1.2900. On the lower side 1.2792 is an important level, break of which will set new target for EURUSD around 1.2730 region.

Trade: Buy EURUSD @ 1.2792 for Profit Level @ 1.2852 and Stop Loss @ 1.2762

[forexer]

Daily Trade Recommendation
USDJPY

USDJPY, like other currencies is being traded in a range and short term traders are making use of it. As far as long term traders are concerned, they are still looking to find out which side the currencies will break.

USDJPY seemed to stay between 118.66 and 117.33 today and again short term traders will have good opportunities to trade USDJPY for short profits.

Trade: Sell USDJPY @ 118.66 for Profit Level @ 118.06 and Stop Loss @ 118.96 Target is at 117.33

[forexer]

EURO

Last week the euro moved down in correction wave, but at the end of last Friday it rebounded to reach 1.280s area again since it ended the correction move.

today euro is expected to move up after it finished the correction to reach to 1.2880s area, and probably to 1.2950s within this week.

The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.

The key resistance will be at 1.3000 and the key support at 1.2465.

Support: 1.2826, 1.2800, 1.2780, 1.2760, 1.2740
Resistance: 1.2847, 1.2880, 1.2900, 1.2923, 1.2957

Recommendation: We expect Buying Euro above 1.2828 with a target at 1.2880 and stop loss above 1.2820
GBP

Last week was correction, and this correction ended by last Friday since it rebounded to reach 1.8940s area.

today sterling pound is expected to move up, and probably this week to hit the 1.9150s resistance.

The general trend is up as far as 1.8520and 1.8330 remain intact, targets will be at 1.9250 and 1.9560.

The key resistance at 1.9000, and the key support at 1.8470.

Support: 1.8923, 1.8900, 1.8885, 1.8864, 1.8837
Resistance: 1.8940, 1.8982, 1.9010, 1.9035, 1.9065

Recommendation: we Expect Buying Sterling above 1.8932 with a target at 1.8985 and stop loss below 1.8880
JPY

The Japanese Yen was little bit quiet and consolidated last week, we expect the Japanese Yen to move down within its major move toward the down side during this week.

The general trend is supposed to be down so far.

The key resistance for the Japanese yen will be at 119.90s and key support is at 116.40.

Support: 117.75, 117.45, 117.25, 117.00, 116.80
Resistance: 118.00, 118.30, 118.50, 118.80, 119.10

Recommendation: We expect Selling USD/JPY below 118.00 with a target at 117.45 stop loss above 118.45
CHF

The y strong resistance at 1.2540s is still existed for CHF, we expect it to move down this week, since CHF couldn't to breach up the e mentioned resistance from last week, and today the CHF probably to reach 1.2385.

The general trend is down as far as 1.2850 remains intact, target at 1.2560 and 1.2433.

The key resistance for CHF will be at 1.2817s and the key support at 1.2400.

Support: 1.2485, 1.2460, 1.2424, 1.2400, 1.2370
Resistance: 1.2525, 1.2542, 1.2575, 1.2600, 1.2620

Recommendation: We expect Selling USD/CHF below 1.2437 with a target at 1.2385 stop loss above 1.2476
CAD

The general trend is down as far as 1.1770 remains intact, targets will be at 1.1090 and 1.1030.

The key resistance for CAD will be at 1.1440s and key support at 1.1200.

Support: 1.1396, 1.1370, 1.1340, 1.1323, 1.1300
Resistance: 1.1425, 1.1445, 1.1460, 1.1485, 1.1515

Recommendation: We expect Selling USD/CAD below 1.1450 with a target at 1.1405 stop loss above 1.1485

[forexer]

Technical Analysis for Major Currencies
EURO/USD

Euro is in consolidation area, since it is restricted between support and resistance, the daily trading range is narrow, the momentum is low, probably it will reach to the 1.2860s resistance first while it is above 1.2800 support, then we expect to go short from 1.2860s resistance level to the support level at 1.2800.

The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.

The key resistance will be at 1.3000 and the key support at 1.2465.

Support: 1.2815, 1.2800, 1.2780, 1.2760, 1.2740
Resistance: 1.2847, 1.2880, 1.2900, 1.2923, 1.2957

Recommendation: We expect Selling Euro Below 1.2850 with a target at 1.2800 and stop loss above 1.2885


GBP/USD

Also sterling is restricted between support at 1.8940s and resistance at 1.8990s, but we expect sterling to stay in the upper levels if it breached up the 1.8990s resistance level, hence we expect to go long from current level 1.8965 to 1.9030s resistance depending on brake 1.8990s resistance level.

The general trend is up as far as 1.8520and 1.8330 remain intact, targets will be at 1.9250 and 1.9560.

The key resistance at 1.9000, and the key support at 1.8470.

Support: 1.8940, 1.8923, 1.8900, 1.8885, 1.8864
Resistance: 1.8982, 1.9010, 1.9030, 1.9060, 1.9080

Recommendation: we Expect Buying Sterling above 1.8965 with a target at 1.9030 and stop loss below 1.8925

USD/JPY

The Japanese Yen was little bit quiet and consolidated yesterday, we expect the Japanese Yen to move up until 118.20s resistance level, since it is above 118.00 support level, and then in case of unable to get over the mentioned resistance the Japanese Yen probably to drop down until 117.70s support level.

The general trend is supposed to be down so far.

The key resistance for the Japanese yen will be at 119.90s and key support is at 116.20.

Support: 118.00, 117.75, 117.45, 117.25, 117.00
Resistance: 118.20, 118.60, 118.80, 119.10, 119.30

Recommendation: We expect Selling USD/JPY below 118.25 with a target at 117.70 stop loss above 118.65
USD/CHF

CHF has strong resistance at 1.2450s level, which in role let CHF to move down until 1.2390s support level, so we expect it to move down today, since CHF probably will not breach up the e mentioned resistance at 1.2450s.

The general trend is down as far as 1.2850 remains intact, target at 1.2340 and 1.2100.

The key resistance for CHF will be at 1.2800 and the key support at 1.2100.

Support: 1.2420, 1.2390, 1.2370, 1.2345, 1.2325
Resistance: 1.2440, 1.2460, 1.2485, 1.2500, 1.2525

Recommendation: We expect Selling USD/CHF below 1.2450 with a target at 1.2400 stop loss above 1.2500

USD/CAD

The general trend is up as far as 1.1285 remains intact, targets will be at 1.1510 and 1.1620.

The key resistance for CAD will be at 1.150s and key support at 1.1285.

Support: 1.1440, 1.1420, 1.1400, 1.1370, 1.1345
Resistance: 1.1460, 1.1485, 1.1510, 1.1535, 1.1550

Recommendation: We expect Selling USD/CAD below 1.1470 with a target at 1.1410 stop loss above 1.1510

[forexer]

Technical Analysis for Major Currencies
EURO/USD

Yesterday Euro stopped at 1.2840s resistance level, today Euro got over this resistance to reach to the second resistance level at 1.2870s, which stronger than the previous one, due to that Euro is expect to stay quiet, and we don't expect Euro to make major moves toward the up side.

The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.

The key resistance will be at 1.3000 and the key support at 1.2465.

Support:: 1.2845, 1.2815, 1.2780, 1.2760, 1.2740
Resistance: 1.2867, 1.2880, 1.2900, 1.2923, 1.2957

GBP/USD

Sterling pound yesterday closed at 1.8990s level, and today Sterling pound got over this resistance and moved up to reach 1.9030s resistance level in early morning, therefore Sterling is expected to move up in slight move to 1.9080s level.

The general trend is up as far as 1.8520and 1.8330 remain intact, targets will be at 1.9250 and 1.9560.

The key resistance at 1.9000, and the key support at 1.8470.

Support: 1.9010, 1.8992, 1.8970, 1.8940, 1.8923
Resistance: 1.9030, 1.9060, 1.9087, 1.9110, 1.9132

Recommendation: we Expect Buying Sterling above 1.9018 with a target at 1.9080 and stop loss below 1.8975

USD/JPY

The Japanese Yen was little bit quiet yesterday, due to the low momentum, today Japanese Yen moved down to pass the support levels 118.00 and 117.70s, today we expect Japanese Yen to continue in dropping down until 117.00.

The general trend is supposed to be down so far.

The key resistance for the Japanese yen will be at 119.90s and key support is at 116.20.

Support: 117.50, 117.35, 117.18, 117.00, 116.87
Resistance: 117.70, 118.00, 118.20, 118.45, 118.75

Recommendation: We expect Selling USD/JPY below 117.65 with a target at 117.05 stop loss above 118.20

USD/CHF

CHF dropped down yesterday below 1.2420s support level, and today CHF has strong support at 1.2370s level, The CHF reached this support level in the morning, therefore we don't expect CHF to breach down this support but maybe slightly.

The general trend is down as far as 1.2850 remains intact, target at 1.2340 and 1.2100.

The key resistance for CHF will be at 1.2800 and the key support at 1.2100.

Support: 1.2390, 1.2370, 1.2345, 1.2325, 1.2300
Resistance: 1.2400, 1.2425, 1.2445, 1.2465, 1.2480

USD/CAD

The general trend is up as far as 1.1285 remains intact, targets will be at 1.1510 and 1.1620.

The key resistance for CAD will be at 1.150s and key support at 1.1285.

Support: 1.1440, 1.1420, 1.1400, 1.1370, 1.1345
Resistance: 1.1460, 1.1485, 1.1510, 1.1535, 1.1550

Recommendation; We expect Selling USD/CAD below 1.1456 with a target at 1.1410 stop loss above 1.1500

[forexer]

Technical Analysis for Major Currencies
EURO/USD

Euro yesterday made strong move since it breached up 1.2880s resistance level, staying there will let euro to get over the year high within this week.

today euro probably continue in moving up to reach 1.2980s resistance level.

The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.

The key resistance will be at 1.3000 and the key support at 1.2465.

Support: 1.2930, 1.2915, 1.2880, 1.2860, 1.2840
Resistance: 1.2967, 1.2980, 1.3000, 1.3030, 1.3050

Recommendation: we Expect Buying Euro above 1.2925 with a target at 1.2980 and stop loss below 1.2880

GBP/USD

Sterling pound yesterday stopped at major resistance at 1.9170s, breaching this level this week let sterling pound to move up more after it ended the correction move.

today sterling pound is expected to continue in moving up but that would be slightly until 1.9200s.

The general trend is up as far as 1.8520and 1.8330 remain intact, targets will be at 1.9250 and 1.9560.

The key resistance at 1.9200, and the key support at 1.8470.

Support: 1.9045, 1.9030, 1.9010, 1.8992, 1.8968
Resistance: 1.9160, 1.9180, 1.9200, 1.9225, 1.9253

Recommendation: we Expect Buying Sterling above 1.9130 with a target at 1.9200and stop loss below 1.8980

USD/JPY

The Japanese Yen also reached to the strong support level at 116.70s yesterday, and it still has very strong support at 116.20 , closing below 116.20 support level will let Japanese Yen to drop down more and more until 113.00 support level in the medium term.

Japanese Yen today is expected to reach 116.20s level

The general trend is supposed to be down so far.

The key resistance for the Japanese yen will be at 119.90s and key support is at 116.20.

Support: 116.40, 116.20, 116.00, 115.75, 115.52
Resistance: 116.75, 117.00, 117.30, 117.50, 117.70

Recommendation: We expect Selling USD/JPY below 116.65 with a target at 116.20 stop loss above 117.05.
USD/CHF

yesterday was active day for CHF, where it dropped down to hit the major support level at 1.2320s and it got below it. this in role will let CHF to continue in moving toward the down side.

today CHF is expected to move in slight wave toward the down side until1.2220s

The general trend is down as far as 1.2850 remains intact, target at 1.2340 and 1.2100.

The key resistance for CHF will be at 1.2800 and the key support at 1.2100.

Support: 1.2260, 1.2240, 1.2223, 1.2200, 1.2176
Resistance: 1.2281, 1.2300, 1.2325, 1.2343, 1.2367

Recommendation: We expect Selling USD/CHF below 1.2275 with a target at 1.2225 stop loss above 1.2325.

USD/CAD

The general trend is up as far as 1.1285 remains intact, targets will be at 1.1510 and 1.1620.

The key resistance for CAD will be at 1.150s and key support at 1.1285.

Support: 1.1400, 1.1370, 1.1345, 1.1325, 1.1310
Resistance: 1.1445, 1.1460, 1.1485, 1.1510, 1.1535

Recommendation: We expect Selling USD/CAD below 1.1425 with a target at 1.1365 stop loss above 1.460

[forexer]

Euro/dollar

Euro/dollar rose to a new 5 1/2-month high on Thursday and this strength is in line with the positive medium-term outlook. Sideways trading trading should prevail through Friday.

Initial resistance remains at 1.2978. Next big resistance is at 1.3070. Above 1.3125, distant resistance looms at 1.3300.

Below 1.2915 the pair has support at 1.2855. A close below the strong 1.2795 level would signal a decline to 1.2750, but this is unlikely.

Oscillators are rising.

NEAR-TERM: Sideways
MEDIUM-TERM: Bearish
LONG-TERM: Bullish


euro/jpy

The dollar/yen broke out of an inside range on Wednesday and on Thursday and early Fridat fell to a new two-month low. The medium-term outlook is negative, but sSideways trading is favored through Friday.

The pair has support at 115.85. Key support is at 115.50 from a 50-pip pivot.

Initial resistance is at 116.85 by a 50-point pivot, which targets 116.35 and 117.35. Above 117.85, distant resistance is at 118.25 from another 50-point pivot that targets 117.75 and 118.75.

Oscillators are falling.

NEAR-TERM: Sideways
MEDIUM-TERM: Slightly bullish
LONG-TERM: Bearish

gbp/usd

Sterling/dollar marched higher on Wednesday and then stabilized at a two-week high. The medium-term outlook is positive, but the market should only consolidate through Friday.

Above the pivotal high as 1.9176, resistance is seen at 1.9260. The next levels follow at 1.9350 and 1.9415.

Initial support comes at 1.9095. Further support follows at 1.9015. It would take a close below 1.8900 to signal a sustained decline, but this is unlikely.

Oscillators are rising.

NEAR-TERM: Sideways
MEDIUM-TERM: Mixed
LONG-TERM: Bullish
Dollar/Swiss franc

usd/chf
 remains under pressure at a three-month low. The medium-term outlook is negative.
Support now comes at 1.2180. Next supports follow at 1.2140 and 1.2095.
Initial resistance is at 1.2280. That is followed by 1.2300, 1.2350 and 1.2380. Above 1.2450, next level is 1.2515.
Oscillators are falling.

NEAR-TERM: Sideways
MEDIUM-TERM: Mixed to slightly bullish
LONG-TERM: Bearish

[forexer]

Daily Trade Recommendation - EURUSD
EURUSD

EURUSD touched its target at 1.3125 as expected and currently is still present around that level. It's next target can be seen at 1.3192 level, break of which will lead EURUSD to 1.3500 level.

The only thing that stop EURUSD progress is the over-bought RSI condition of EURUSD in all charts and sooner or later we might see a sharp dip by EURUSD below 1.3050 level. The levels between 1.3000 and 1.3030 will be in focus for traders looking to buy EURUSD for a good trend move.

Trade: Buy EURUSD @ 1.3032 for Profit Level @ 1.3132 and Stop Loss @ 1.2982 Target is at 1.3192