NZDUSD drops below 0.7000 mark...

NZD/USD

Any pull-back above 1.2310, possibly towards 1.2340-50 area for USDCAD, now seems to provide an opportunity to initiate fresh short-positions... The pair seems vulnerable to drop back below 1.2200 mark, possibly towards 1.2160-50 support area...

USD/CAD

On a sustained trade above 191.50, GBPJPY seems all set to continue its upward trajectory towards 192.50-70 resistance area - upper trend-line resistance of a short-term ascending trend-channel formation on 4-hourly chart. The view gets negated if ...

Dragon Riders GBP/JPY

AUDUSD continues facing strong resistance near 0.7800 mark (100-day SMA)... Should accelerate the downfall once breaks back below 0.7720 mark towards 0.7600 important support... Pull-back used to accumulate short-positions and a drop below 0.7720 ...

AUD/USD

USDJPY recovery above 123.00 mark is utilized as opportunity to initiate fresh short position. Seems more likely to drift below 122.00 mark to test 121.80-70 support area.

USD/JPY Discussion

100-day SMA region near 0.7780-90 level (0.7800 level) now seems to act as an important Pivot-point for near-term directional move for AUDUSD. Until the pair continues trading below 0.7800 mark, it remains vulnerable to drift back below 0.7700 mark ...

AUD/USD

Purely technical...

AUD/USD

here you go... drops below 0.7660 intermediate support and now headed towards the next support near 0.7600... Retesting 0.7600 doesn't seem to be difficult for AUDUSD...

AUD/USD

I would rather be sceptic of any major reversal should AUDUSD drop back to 0.7600 mark. On a decisive break below 0.7600 it could possibly aiming for much lower levels, possibly could even drop below 0.7400 mark. With RBA already delivering a dovish ...

AUD/USD

Stronger NFP data might trigger the required momentum on the downside for AUDUSD. If drops below 0.7660, 0.7600 is given...

AUD/USD

GBPJPY is trading close to a major resistance near 191.50 level, marking 61.8% Fib. extension level. A decisive strength above 191.50 would open room for further up-move towards the upper trend-line resistance of the ascending channel, currently ...

Dragon Riders GBP/JPY

AUDUSD is reversing from its immediate strong resistance near 0.7800-20 area. Now a subsequent drop below 0.7700 mark could possibly take it back towards 0.7600 mark important support. Reversal from important resistance and a retest of recent lows ...

AUD/USD

Aggressive traders would initiate fresh short-positions in NZDUSD.... Drop below 0.7100 mark would open room for continuing downward trajectory towards 0.7030-20 support area...

NZD/USD

Opportunity to initiate fresh short-positions in GBPUSD.

Cable Update (GBPUSD)

Exactly the way it was anticipated... Cheers...

EURUSD

It might be difficult for GBPUSD to reclaim 1.5300 mark. Till then the pair remains vulnerable to continue drifting lower to test 1.5110-1.5100 support. Wouldn't be surprised if it breaks below 1.5100 level too...

Cable Update (GBPUSD)

On sustained move above 1.1050 level, the pair clearly seems to approach its next resistance near 1.1100 mark. Would initiate fresh shorts only once the pair reaches 1.1100 mark or drops back below 1.1000 mark.

EURUSD

EURUSD seems to continue oscillating within a well-defined trading range between 1.1000 on the upside and 1.0880 on the downside. Moving towards the top-end of the range, time to short-sell...? Only a decisive break on either side will provide fresh ...

EURUSD

GBPUSD registering a minor bounce after testing sub-1.5200 mark. Unless the pair continues trading below 1.5280-90 support turned resistance level, it remains vulnerable to further downside, possibly till 1.5120-10 support area. 1.5300 mark should ...

Cable Update (GBPUSD)

would bet against any major bounce-back... would rather utilize the bounce towards 1.5300 mark to add to the short position...

Cable Update (GBPUSD)