USDCHF pounded in the previous session.

September 18, 2015

Article by ForexTime

 

EURUSD. H4
Resistance 1.1488 1.1542 1.1644
Support 1.1331 1.1229 1.1174
Primary Scenario A strong bullish momentum led EURUSD above the important level at 1.1386 (daily pivot). If the pair manages to extend its uptrend, it will target the forthcoming resistance level at 1.1488 and even higher at 1.1542.
Alternative Scenario A reversal back below the daily pivot will push the pair to find support at 1.1331.

 

 

GBPUSD H4
Resistance 1.5648 1.5708 1.5790
Support 1.5506 1.5425 1.5365
Primary Scenario The pair is trading slightly above the daily pivot point (1.5567). A bounce up from current levels will most likely trigger the market to climb towards the resistance level at 1.5648 and further up to 1.5708.
Alternative Scenario On the other hand, if the pair achieves to breach the daily pivot, the next support is seen at 1.5506.

 

 

USDCHF H4
Resistance 0.9680 0.9768 0.9813
Support 0.9546 0.9501 0.9413
Primary Scenario USDCHF pounded in the previous session and violated the daily pivot at 0.9635. Further drop of the market will push prices to find support at 0.9546 and even lower at 0.9501.
Alternative Scenario A higher thrust of the currency pair will lift the market above the daily pivot point, with immediate target the resistance at 0.9680.

 

 

USDJPY H4
Resistance 119.93 120.18 120.46
Support 119.65 119.39 118.84
Primary Scenario A tumble of USDJPY brought the pair into a bearish sentiment. A break below the support level at 119.65 will pave the path down to 119.39 and then lower at 118.84.
Alternative Scenario Alternatively, an upward wave would fuel the pair to penetrate the lower level of the Kumo (119.93), targeting the Kijun-sen line at 120.18.

AUDUSD H4
Resistance 0.7247 0.7329 0.7384
Support 0.7109 0.7054 0.6972
Primary Scenario AUDUSD is negotiating on the daily pivot point at 0.7192. A decisive movement to the north will accelerate the pair to target the resistance level at 0.7247 and further up to 0.7329.
Alternative Scenario. Should the pair manage to violate the daily pivot, the next support level is seen at 0.7109.

 

 

Article by ForexTime

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