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Thread: Short Term Technical Analysis for Majors (07:00 GMT)

  1. #21
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    GBP/JPY for January 15, 2016

    It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 171.70 and the second target at 172.50.

    Resistance levels: 171.70, 172.50, 173.45

    Support levels: 169.35, 168.30, 167.65


  2. #22
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    AUD/USD Forex Signal for 18

    Long Trade 1

    * Go long following a strong bullish price action reversal on the H1 time frame immediately upon the next touch of the supportive trend line currently sitting at around 0.6927.

    * Put the stop loss 1 pip below the local swing low.

    * Move the stop loss to break even once the trade is 20 pips in profit.

    * Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride


  3. #23
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    USD/JPY Forex Signal 18th

    Long Trade 1

    * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 116.82.

    * Put the stop loss 1 pip below the local swing low.

    * Move the stop loss to break even once the trade is 20 pips in profit.

    * Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.


  4. #24
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    USD/CAD Forex Signal 18th

    Long Trade 1

    * Long entry following a bullish price reversal upon the next entry into the zone between 1.4189 and 1.4170.

    * Place the stop loss 1 pip below the local swing low.

    * Adjust the stop loss to break even once the trade is 20 pips in profit.

    * Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.


  5. #25
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    USD/CHF Forex Signal 18th

    Short Trade 1

    * Short entry after bearish price action on the H1 time frame following a touch of 1.0052.

    * Put the stop loss 1 pip above the local swing high.

    * Adjust the stop loss to break even once the trade is 20 pips in profit.

    * Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.


  6. #26
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    GBP/USD Forex Signal 18

    Short Trade 1

    * Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of the bearish trend line currently sitting at around 1.4615.

    * Place the stop loss 1 pip above the local swing high.

    * Adjust the stop loss to break even once the trade is 25 pips in profit.

    * Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run


  7. #27
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    EUR/USD Forex Signal 18th

    Long Trade 3

    * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0772.

    * Place the stop loss 1 pip below the local swing low.

    * Adjust the stop loss to break even once the trade is 20 pips in profit.

    * Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.


  8. #28
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    NZD/USD Forex Signal 18

    We have had quite a sharp move up over recent hours which suggests we are more likely to move up in the near future than down, in spite of the strong downwards trend. The price almost reached the key psychological support at 0.6500. Everything now will probably depend upon whether we can break up above 0.6600 quite soon and stay above that level. If we cannot, then we will see another fall, but I think the price will manage to break above 0.6600.


  9. #29
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    AUD/USD Forex Signal 18

    Short Trade 1

    * Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.7072.

    * Place the stop loss 1 pip above the local swing high.

    * Adjust the stop loss to break even once the trade is 20 pips in profit.

    * Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.


  10. #30
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    USD/JPY for February 03, 2016

    TODAY'S TECHNICAL LEVEL:

    Resistance. 3: 120.47.

    Resistance. 2: 120.24.

    Resistance. 1: 120.00.

    Support. 1: 119.71.

    Support. 2: 119.47.

    Support. 3: 119.24.


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