USDCHF surged in a multi-month high.

October 28, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1072 1.1099 1.1121
Support 1.1024 1.1002 1.0976
Primary Scenario EURUSD is now testing the support level at 1.1024. A downward momentum would push the pair to find support at 1.1002 and further down to 1.0976.
Alternative Scenario A higher thrust of the currency pair to penetrate the daily pivot at 1.1051 will lead the market towards the hurdle in line at 1.1072.

 

 

GBPUSD H4
Resistance 1.5346 1.5390 1.5422
Support 1.5270 1.5238 1.5194
Primary Scenario The pair is negotiating narrowly below the daily pivot (1.5314). A decisive movement to the south will open the way down to 1.5270 and then lower to 1.5238.
Alternative Scenario Alternatively, a surge of GBPUSD will trigger the market above the daily pivot, targeting the resistance level at 1.5346.

 

 

USDCHF H4
Resistance 0.9886 0.9913 0.9954
Support 0.9819 0.9778 0.9752
Primary Scenario USDCHF surged in a multi-month high. If the pair manages to extend its uptrend, the next resistance is seen at 0.9886 and even higher at 0.9913.
Alternative Scenario A reversal back below the daily pivot (0.9846) will push prices down to 0.9819. RSI oscillator supports this scenario.

 

 

USDJPY H4
Resistance 120.53 121.06 121.47
Support 120.31 120.04 119.40
Primary Scenario The strength of the market faded and USDJPY is oscillating around 120.42. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance levels at 120.53 and 121.06.
Alternative Scenario On the other hand, a break back below the support at 120.31 will open the way down to 120.04.

AUDUSD H4
Resistance 0.7245 0.7291 0.7325
Support 0.7166 0.7132 0.7086
Primary Scenario AUDUSD turned sharply bearish and cleared the support levels at 0.7166 and 0.7132. Further drop of the market will lead the exchange rate lower, targeting the forthcoming levels at 0.7086 and 0.7045.
Alternative Scenario. An upward wave would lift the currency pair towards the now-resistance at 0.7132 and then higher at 0.7166.

 

 

Article by ForexTime

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