Forex analysis

In this section we will provider major forex pairs technical levels for intraday trade and details technical analysis on major currency pairs .

USD/JPY

This is our favorite forex pair . Currently usd/jpy trading at 122.30 . A good resistance in this major currency pair at today’s high 122.65 . If market break this and sustain above this then expect more power to buyers upto 123 – 123.40 today .

USD/JPY chart shows a good support at 122.90 . If market break this technical support and sustain below this then expect sellers to take charge upto 122.60 – 122.30 today .

USD/JPY trend update : Trend is in favor of sellers as its trading pretty higher after FED spike and its not sustaining on higher levels .

EUR/USD

Euro crashed pretty hard after Fed interest rate decision . It made low of 1.0831 . Currently this forex pair trading at 1.0868 . A good resistance on eur/usd chart at 1.0890 . If market break this and sustain above our hurdle then expect buyers to take charge upto 1.0930 – 1.0980 today .

If eur/usd break today’s low which is a great support for this currency pair then expect market to tank upto 1.0801 and even more pain in euro not ruled out .

EUR/USD trend upate : This is crucial currency pair and pretty volatile too . Trend is flat to positive for now . So trade cautiously .

USD/CHF

USD/CHF fired approx 100 pips after Fed decision to hike interest rate . Currently this pair trading at 0.9940 . A good support on chart at 0.9910 . If market break this and sustain below this support level then expect usd/chf to favor sellers upto 0.9870 – 0.9830 today .

If usd/chf break our resistance at 0.9970 today and sustain above this major hurdle then expect market to favor buyers upto 1.0000 and even more power not ruled out for usd/chf buyers .

USD/CHF trend update : Trend is flat to positive for now . But stay cautious on higher levels .

More will update to our forex signal subscribers .

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By marafat