Tag Archives: March


Technical analysis of GBP/JPY for March 30, 2015

Technical analysis of GBP/JPY for March 30, 2015

Fundamental overview: GBP/JPY is expected to consolidate with bullish bias. The cross is supported by the diminished investor risk aversion and demand from Japan’s importers. The GBP/JPY upside is limited by the Japanese exports. The sterling sentiment is boosted after Bank of England’s Broadbent said that the chances of a deflation in the UK are

Technical analysis of USD/CHF for March 30, 2015

Fundamental overview: USD/CHF is expected to range-trade. It is undermined by the softer dollar sentiment and lower US Treasury yields (10-year at 1.948% versus 2.009% late Thursday) after a weaker-than-expected third estimate of the US GDP Q4 annual growth rate of +2.2% (versus forecast +2.4%). The USD/CHF downside is limited by the negative Swiss interest

GBP/USD intraday technical levels and trading recommendations for March 30, 2015

Overview:On February 5, temporary bullish breakout above 1.5220 (previous consolidation range) took place. Shortly after, an ascending channel was established at the level of 1.5170-1.5200. This indicates bullish sentiment on the market.A projected target for this bullish breakout has already been reached around 1.5550 where the previous daily bottoms were located (solid resistance).Two weeks ago,

Intraday technical levels and trading recommendations for EUR/USD for March 30, 2015

The market was aggressively pushed lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously established back in July 2012 and June 2010.The EUR/USD pair has lost almost 1600 pips since the beginning of 2015. Moreover, the EUR/USD pair has been already pushed slightly below the monthly demand level

Weekly technical levels for GBP/USD for March 30, 2015

The weekly technical levels for GBP/USD pair:Pivot point formula: Pivot point = (high (previous) + low (previous) + close (previous)) / 3 Intraday technical levels:Projected high:1.5277 Breakout (buy stop):1.5222 Strong resistance (sell limit):1.5192 Current pivot:1.4895 Strong support (buy limit):1.4598 Breakout (sell stop):1.4573 Projected low:1.4523 General idea about the pivot point. Resistance 3 and support 3