USDCHF keeps its bullish momentum.

November 10, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0786 1.0822 1.0856
Support 1.0716 1.0682 1.0646
Primary Scenario EURUSD is oscillating around the daily pivot point at 1.0752. A decisive movement to the south will lead the pair to violate the support level at 1.0716, opening the way down to 1.0682.
Alternative Scenario Should the pair achieve to exceed the daily pivot, it will retest the hurdle in line at 1.0786.

 

 

GBPUSD H4
Resistance 1.5145 1.5180 1.5232
Support 1.5058 1.5005 1.4971
Primary Scenario The pair bottomed at 1.5026, before closing above the daily pivot (1.5093). Further correction of GBPUSD will trigger the market towards the resistance levels at 1.5145 and 1.5180.
Alternative Scenario On the other hand, a plunge of the market below the daily pivot will push prices to find support at 1.5058.

 

 

USDCHF H4
Resistance 1.0063 1.0094 1.0127
Support 0.9999 0.9966 0.9935
Primary Scenario USDCHF keeps its bullish momentum and is negotiating near the previous high. If the pair manages to extend its uptrend, it will eliminate the barrier at 1.0063, with immediate target the resistance at 1.0094.
Alternative Scenario A comeback of the exchange rate would breach the daily pivot, with the scope to find support at 0.9999.

 

 

USDJPY H4
Resistance 123.59 123.91 124.59
Support 123.02 122.67 122.26
Primary Scenario The pair is still negotiating in a bullish sentiment. If the pair manages to withstand the sellers’ pressure, it will target the previous top at 123.59 and further up to 123.91.
Alternative Scenario Alternatively, a setback of USDJPY will pave the path down to 123.02 and then lower at 122.67.

AUDUSD H4
Resistance 0.7066 0.7090 0.7111
Support 0.7022 0.7001 0.6978
Primary Scenario AUDUSD is now poised to retest the hurdle at 0.7066. A successful attempt to penetrate this level will fuel the pair further towards the resistance level at 0.7090.
Alternative Scenario. A tumble of the market below the daily pivot (0.7045) will push the currency pair to hit the support level at 0.7022.

 

 

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

9 years ago