EUR / CAD Technical
Analysis for February 5, 2019
Follow the currency
analysis which you published yesterday, we find that the pair continued trading
at the highest support level strong 1.49841, but without a clear break to the
resistance levels which failed to approach yesterday, but the RSI is still
moving positively so we remain a positive outlook for the pair with the
likelihood to target regions areas The main resistance is 1.50452 and 1.51062
respectively during the week
Trading Recommendation
Buy the pair from the
current levels 1.50026
Take the first take
profit 1.50452
Take Second take
Profit 1.51062
EUR / AUD Technical
Analysis for February 5, 2019
Follow-up to the
currency analysis, which you published yesterday, we find that the pair
continued to trade above the key support area 1.57210 while it failed to breach
the resistance level 1.5853 while the RSI is showing some positive in an
attempt to break up
Trading Recommendation
The pair is now in the
area of purchase we set yesterday 1.5747 so we prefer to buy from that area
now and repurchase if it retreated to the area 1.5716
Profit taking is the
same as the resistance level set at 1.5853
EUR / NZD Technical
Analysis for February 5, 2019
A continuation of the
currency analysis, which you published yesterday, we find that the pair is
still unable to break through the resistance zone 1.6662 or retreat towards the
major support areas at 1.6520 but after monitoring the pair during yesterday's
trading we noticed that it succeeded in building strong support at 1.65558 is
currently based on the attempt to break the initial resistance 1.6662 with a
clear positive on the RSI so we prefer to start buying the pair now
Trading Recommendation
Buy the pair from
current levels 1.65790 and repurchase at 1.6490
The profit taking
level is the same as the targeted resistance level of 1.6662
EUR / USD Technical
Analysis for February 5, 2019
Following the currency
analysis which I published yesterday, we find that the pair failed to base on
the first major support areas at 1.14594 but now it is based on the strong
support area 1.14280, which represents a strong support area that could help
the pair to bounce back towards target resistance areas but we have negative on
The Relative Strength Index may push the pair further bearish that we expect to
end during this week's sessions, while the current areas remain technically
appropriate areas to buy
Trading Recommendation
Exploitation of the
pair negatively affected the RSI on the FERM and buying from the current levels
1.14310 and repurchasing in volumes above 1.1418 levels if the downside
continues
Take Profit 1.15051
GBP / AUD Technical
Analysis for February 5, 2019
Following the currency
analysis, which was published yesterday, we find that the pair is still trading
above the strong support of 1.79443 but a clear positive signal on the RSI has
started after achieving a clear sell saturation during yesterday's trading,
which gave it the momentum to return to the major resistance areas above 1.8170
Trading Recommendation
Buy from the current
levels 1.79595
take profit at 1.8170
resistance level
GBP / CAD Technical
Analysis for February 5, 2019
Following the currency
analysis, which I published yesterday, we find that the pair moved in line with
expectations despite some limited decline in yesterday's trading with a clear
positive on the RSI coming from a clear sell saturation during last week's
trading and based on strong support at 1.7000 which is still holding up so far
which makes us expect The pair will break through the initial resistance levels
1.7242 and trading stability above that area will push the pair directly
towards 1.7300
Trading Recommendation
Re-buy the pair from
the current areas 1.7090
Take Profit 1.7242
GBP / USD Technical
Analysis for February 5, 2019
Following the currency
analysis, which I published yesterday, we find that the pair moved in line with
expectations despite some limited decline to the 1.3020 areas which represented
the end of the declines but gave the pair strong momentum to regain its ability
to rise above its 8-day average with a positive move on RSI attempts to breach
the resistance level 1.3105, which will signal the pair's ability to return to
1.3300 areas again after declines affected by British events
Trading Recommendation
Re-buy the pair from
current levels 1.3042
Take the first profit
1.3137
Earning the second
profit 1.3153
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