EURJPY Is Further Bullish | Free Forex Signals | EURJPY Chart Today

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Today's Report Is  On EUR/JPY Signals.

SUMMARY:

The primary trend of EURJPY is bearish on charts and from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 127.85. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 127.85 at upside then we can expect it to test its 200 DMA and come till the levels of 128.35/128.65. 

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EURJPY ( Hourly )

EURJPY CHART TODAY

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 
MACD line is also sustaining above the zero line indicating the bullish trend in the pair.

STRATEGY:- 

EURJPY has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0472	1.0521	1.0604	1.0653	1.0736	1.0785	1.0868
GBP/USD	1.4583	1.4641	1.4741	1.4799	1.4899	1.4957	1.5057
USD/JPY	117.68	118.22	118.68	119.22	119.68	120.22	120.68
USD/CHF	0.9458	0.9545	0.9596	0.9683	0.9734	0.9821	0.9872
AUD/USD	0.7466	0.7517	0.7599	0.7650	0.7732	0.7783	0.7865
EUR/GBP	0.7111	0.7137	0.7168	0.7194	0.7225	0.7251	0.7282
USD/CAD	1.1894	1.2086	1.2187	1.2379	1.2480	1.2672	1.2773
NZD/USD	0.7375	0.7430	0.7511	0.7566	0.7647	0.7702	0.7783

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FOREX FORECAST | Daily Forex Signals

Date	Time	Currency	Impact	Particular	Forecast	Previous
Wed Apr 15	4:15am	NZD		FPI m/m		-0.70%
	6:00am	AUD		Westpac Consumer Sentiment		-1.20%
	7:30am	CNY	High	GDP q/y	7.00%	7.30%
		CNY	High	Industrial Production y/y	6.90%	6.80%
		CNY		Fixed Asset Investment ytd/y	13.80%	13.90%
		CNY		NBS Press Conference
		CNY		Retail Sales y/y	10.90%	10.70%
	10:00am	JPY		Revised Industrial Production m/m	-3.30%	-3.40%
	11:30am	EUR		German Final CPI m/m	0.50%	0.50%
	12:15pm	EUR		French CPI m/m	0.70%	0.70%
	Jan Data	EUR		Trade Balance	21.9B	23.3B
	2:30pm	EUR		Trade Balance	21.2B
	Tentative	EUR		German 10-y Bond Auction		0.25|2.4
	5:15pm	EUR	High	Minimum Bid Rate	0.05%	0.05%
	6:00pm	CAD	High	Manufacturing Sales m/m	0.00%	-1.70%
		EUR	High	ECB Press Conference
		USD		Empire State Manufacturing Index	7.2	6.9
	6:45pm	USD		Capacity Utilization Rate	78.70%	78.90%
		USD		Industrial Production m/m	-0.30%	0.10%
	7:00pm	GBP		CB Leading Index m/m		0.20%
	7:30pm	CAD	High	BOC Monetary Policy Report
		CAD	High	BOC Rate Statement
		CAD	High	Overnight Rate	0.75%	0.75%
		USD		NAHB Housing Market Index	55	53
	8:00pm	USD		Crude Oil Inventories	3.5M	10.9M
	Tentative	NZD	High	GDT Price Index		-10.80%
	8:45pm	CAD	High	BOC Press Conference
	11:30pm	USD		Beige Book

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EURUSD:

The EURUSD initially fell slightly during the session on yesterday, but found the area near 1.05 as supportive. We ended up bouncing drastically from there with the release of US Core Retail Sales data , but found the 1.07 level above as resistance. We believe that rallies will continue to be sold every time they appear, as the Euro continues to suffer and the US dollar continues to be the favored currency around the world, and as a result this pair should continue to break down over the longer term and head to the parity level given enough time.

EURUSD CHART TODAY

GBPUSD:

The GBPUSD initially fell during the course of the session on yesterday, testing the 1.46 level for support. With this, the market turned back around and Rose all the way to the 1.48 level. This was an area that was supportive previously, so we now recognize that it should be resistive. There is a significant amount of resistance between the 1.48 level and the 1.50 level above. Also, if we can get below the 1.45 level, we should then head to the 1.40 level given enough time.

GBPUSD CHART TODAY

AUDUSD:

The AUDUSD fell initially during the course of the session on yesterday, testing the 0.7550 level. We turned back around to form a hammer, and a break above there would have this market looking for the 0.77 level. We are looking for some type of resistant candle in order to start selling, as the 0.75 level below is the target. If we can break below there, the market should then head to the 0.70 level. 

AUDUSD CHART TODAY

NZDUSD

The NZDUSD initially fell during the course of the session on yesterday, and then went much higher with the release of the US Core Retail Sales data and tested the 0.7550 level, but fell back a little bit.We feel that this market will continue to consolidate, but it’s only a matter of time before we break down and head towards the 0.72 level. Below there, we would anticipate this market to go to the 0.70 level. Even if we rally from here, we will wait for some type of resistive candle in order to start selling it.

NZDUSD CHART TODAY

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USDCHF Is Bullish |Free Forex Signals | USDCHF Chart Today

SUMMARY :- 

The major trend of USDCHF is bullish on charts but from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 DMA.  Prices are also taking support at the important level of 0.9750. Today if the pair breaks its support level & manages to sustain below it, then it can test its 200 DMA and come till the levels of  0.9700/0.9660 in today's session.

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USDCHF ( Hourly ) :

USDCHF Chart Today

INDICATORS:-

MACD line is also sustaining in selling territory, indicating the bearish trend in the pair.

STRATEGY :- 

USDCHF is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0419	1.0469	1.0519	1.0569	1.0619	1.0669	1.0719
GBP/USD	1.4473	1.4518	1.4597	1.4642	1.4721	1.4766	1.4845
USD/JPY	118.48	119.11	119.62	120.25	120.76	121.39	121.90
USD/CHF	0.9622	0.9687	0.9734	0.9799	0.9846	0.9911	0.9958
AUD/USD	0.7404	0.7477	0.7533	0.7606	0.7662	0.7735	0.7791
EUR/GBP	0.7092	0.7143	0.7172	0.7223	0.7252	0.7303	0.7332
USD/CAD	1.2458	1.2506	1.2551	1.2599	1.2644	1.2692	1.2737
NZD/USD	0.7284	0.7352	0.7403	0.7471	0.7522	0.7590	0.7641

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EURUSD Is Bearish | Free Forex Signals | EURUSD Chart Today

SUMMARY:

The primary trend of EUR/USD is bearish. In its hourly chart, prices are consolidating with strong negative bias. 30 & 200 DMA are also providing resistance to the prices & supporting the further downtrend. If it breaks the level of 1.0570 & sustains below it we can expect it to come down to the levels of 1.0500/1.0460  in next few days.

RECOMMENDATION : SELL 

TARGET 1.0460

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EUR/USD ( HOURLY ) :

EURUSD CHARTS

INDICATORS:-

RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.

In MACD

Prices are sustaining below the zero line ,supporting the down side movement in the market

STRATEGY:- 

EUR/USD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

WEEKLY LEVELS :

	S2	S1	R1	R2
EUR/USD	1.0266	1.0435	1.0905	1.1206
GBP/USD	1.4335	1.4483	1.4881	1.5131
USD/JPY	117.93	119.07	121.05	121.89
USD/CHF	0.9362	0.9577	0.9923	1.0054
AUD/USD	0.7496	0.7590	0.7762	0.7840
EUR/GBP	0.7124	0.7186	0.7345	0.7442
USD/CAD	1.2253	1.2407	1.2692	1.2823
NZD/USD	0.7405	0.7471	0.7613	0.7689

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$GBPJPY Looking Bearish On Charts For Next Few Sessions

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SUMMARY:

The major trend of GBP/JPY is bearish. In its 4 hourly chart, prices are consolidating with strong negative bias to give break out at downside. 30 and 200 DMA are also supporting the downside movement in the prices. The pair is having an important support at the level of 177.05. If it breaks its major support mark of 177 and sustains below it then we can expect it to test the levels of 176.20/175.80.

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GBP/JPY ( 4 Hourly ) :

INDICATORS:

RSI is sustaining near the selling territory supporting further bearish trend in the pair.

STRATEGY: 

GBP/JPY looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS:

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0448	1.0542	1.0601	1.0695	1.0754	1.0848	1.0907
GBP/USD	1.4426	1.4553	1.4634	1.4761	1.4842	1.4969	1.5050
USD/JPY	119.09	119.46	120.02	120.39	120.95	121.32	121.88
USD/CHF	0.9557	0.9607	0.9691	0.9741	0.9825	0.9875	0.9959
AUD/USD	0.7568	0.7612	0.7652	0.7696	0.7736	0.7780	0.7820
EUR/GBP	0.7178	0.7205	0.7224	0.7251	0.7270	0.7297	0.7316
USD/CAD	1.2405	1.2454	1.2517	1.2566	1.2629	1.2678	1.2741
NZD/USD	0.7440	0.7482	0.7525	0.7567	0.7610	0.7652	0.7695

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10 Common Trading Mistakes Traders Often Make

These are ten common trading mistakes that are often made by traders. Take a look and find out the mistakes to avoid in your trading strategies:

Know When To Cut Your Losses:

If you see that your trade is in a losing position, minimize your losses, close your trade and focus on the next winning opportunity.

Forgetting To Place Your Stop Loss Order:

Remember to put in your Stop Loss order so your losing trades get stopped out before you make any big losses.

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Remember To Use Trading Signals:

Many traders forget to use Trading Signals, providing expert insight in to the markets and helping you make good trading decisions.

Don’t Forget To Protect Your Winning Positions:

Keep an eye on your winning trades and move your Stop Loss towards your entry point to safeguard your investment. Keep it moving it in the direction of the trend.

Don’t Invest More Than You Can Afford To Lose:

Even if your trading strategy is working for you, remember not to invest more money than you can afford to lose.

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Taking Too Big A Risk, With Too Little Profit:

By monitoring the risk-profit ratio in your trades, your successful trades will bring bigger profits and unsuccessful trades won’t damage your account too much.

Picking The Highs And Lows Of Trades:

Many new traders try to predict where a currency pair will reverse direction. Remember you’ll never know the tops and bottoms of trading positions in advance.

Not Checking Support And Resistance Levels:

Remember to check the support and resistance level of a position when you place a Stop Loss or Take Profit order. Never place them at the exact rate of the support or resistance levels.

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Trade With, Not Against, A Moving Trend:

As a trend gains momentum it often strengthens as traders join the trend, so trade on the right side of the momentum.

Focusing On One Side Of A Currency Pair:

Become familiar with both the currencies in a pair and how they influence each other, not just one of them.

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$GBPUSD Is In Sideways Trend

SUMMARY : 

GBP/AUD is trading in sideways trend and from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 and 200 DMA.  Prices are also taking support at the important level of 1.9320. Today if the pair breaks its support level & manages to sustain below it, then we can expect it to test the level of  1.9250/1.9210 in today's session.

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GBP/AUD ( Hourly ) :

CHARTS

INDICATORS:

MACD line is also sustaining in the selling territory, indicating the bearish trend in the pair.

STRATEGY : 

GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0604	1.0703	1.0759	1.0858	1.0914	1.1013	1.1069
GBP/USD	1.4640	1.4719	1.4764	1.4843	1.4888	1.4967	1.5012
USD/JPY	118.61	119.01	119.65	120.05	120.69	121.09	121.73
USD/CHF	0.9465	0.9509	0.9585	0.9629	0.9705	0.9749	0.9825
AUD/USD	0.7430	0.7502	0.7568	0.7640	0.7706	0.7778	0.7844
EUR/GBP	0.7203	0.7242	0.7273	0.7312	0.7343	0.7382	0.7413
USD/CAD	1.2391	1.2421	1.2464	1.2494	1.2537	1.2567	1.2610
NZD/USD	0.7384	0.7433	0.7463	0.7512	0.7542	0.7591	0.7621

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