empty
 
 
04.08.2015 08:47 AM
Technical analysis of USD/CAD for August 4, 2015

This image is no longer relevant

GBP/JPY is expected to trade in a higher range. The pair has crossed above its 20-period and 50-period intraday MAs and remains on the upside. Both MAs are acting as support levels. The intraday RSI stays above 50 and is positively oriented. Further upside is therefore expected with the next horizontal resistance and overlap set at 195.30 firstly. A break above this level would call for further advance towards 195.70.

Technical comment:

Daily chart is positive-biased as The MACD and stochastics are bullish, although latter is in the overbought zone; five-day moving average is above 15-day MA and is advancing.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price keeps above its pivot point, long positions are recommended with the first target at 195.30 and the second target at 195.70. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 194.10. A break of this target would push the pair further downwards, and one may expect the second target at 193.60. The pivot point is at 194.50.

Resistance levels: 195.30 195.70 196.30

Support levels: 194.10 193.60 193

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback