AUDUSD turned sharply bullish.

November 3, 2015

Article by ForexTime

EURUSD H4
Resistance 1.1044 1.1074 1.1096
Support 1.0992 1.0969 1.0939
Primary Scenario EURUSD is gyrating the daily pivot point at 1.1021. A failed attempt to move higher will push prices to retest the support level at 1.0992 and even lower at 1.0969.
Alternative Scenario On the other hand, a successful penetration of the daily pivot will lift the pair to hit the hurdle in line at 1.1044.

 

 

GBPUSD H4
Resistance 1.5472 1.5530 1.5564
Support 1.5380 1.5346 1.5288
Primary Scenario The pair edged up at 1.5496, before closing below the daily pivot at 1.5438. A deeper correction of GBPUSD will open the way down to 1.5380 and further down to 1.5346.
Alternative Scenario If the pair manages to exceed the daily pivot, the next resistance is seen at 1.5472.

 

 

USDCHF H4
Resistance 0.9890 0.9919 0.9946
Support 0.9835 0.9807 0.9779
Primary Scenario USDCHF is oscillating around the daily pivot (0.9863). A decisive movement to the north will trigger the market to target the resistance levels at 0.9890 and 0.9919.
Alternative Scenario Alternatively, a plunge of the market below the daily pivot will push the pair to find support at 0.9835.

 

 

USDJPY H4
Resistance 120.85 121.20 121.47
Support 120.58 120.25 120.00
Primary Scenario The USDJPY pair has finally jumped out from the Kumo. Should the pair achieve to extend its bullish momentum, it will target the forthcoming resistance level at 120.85 and even higher at 121.20.
Alternative Scenario A comeback of the market below the upper level of the cloud at 120.58 will pave the path towards the support level at 120.25.

AUDUSD H4
Resistance 0.7160 0.7177 0.7201
Support 0.7119 0.7095 0.7078
Primary Scenario AUDUSD turned sharply bullish. If the pair manages to extend its momentum and surpass the resistance level at 0.7201, the next resistance is seen at 0.7233 and then higher at 0.7268.
Alternative Scenario. A fruitless attempt to move higher will push prices to find support at 0.7177 and further down to 0.7160.

 

 

Article by ForexTime

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