Forex levels
Market is going wild due to chinese crash and other asian markets pressure . Here are our forex updates . Please remember these levels are valid only for day trading .
USD/JPY
USD/JPY trading pretty lower since yesterday . Currently this forex pair trading at 117.55 . Its crashing as dollar is weakning and dowjones face worst day of 2016 in last trading session . A good support for this forex pair at 117.20 for today . Once sellers take this support out and manage to sustain beneath this level . Then expect market to correct upto 116.70 – 116.10 today .
If usd/jpy break our resistance at 118.20 and manage to sustain above our hurdle . Then expect this forex pair to fire upto 118.70 – 119.20 today .
usd/jpy trend update : Trend is weak for now .
EUR/USD
EUR/USD trading at 1.0835 today . A good support on chart at 1.0790 . If sellers take this support out and manage to sustain beneath this level . Then expect 1.0750 – 1.0710 in this forex pair .
A good resistance on chart for eur/usd at 1.0880 . Once market break this resistance and sustain above our hurdle . Then expect market to zoom upto 1.0930 – 1.0980 today in this forex pair .
eur/usd trend update : Trend is positive for now
USD/CHF
USD/CHF trading lower today at 1.0023 . Yesterday this fx pair fired with full power but could not sustain on higher levels due to dollar’s index weakness . A good support on usd/chf chart at 0.9980 . Once sellers take this out and manage to sustain beneath this level . Then expect market to test upto 0.9930 – 0.9880 today .
A good resistance on chart at 1.0060 . Once usd/chf pair fire this resistance and sustain above our hurdle . Then expect market to zoom upto 1.0098 – 1.0130 today .
usd/chf trend update : Trend is flat to negative for now
More will update to our forex trading signal subscribers