USDCHF is now testing the support at 0.9493.

October 27, 2014

Article by ForexTime

EURUSD H4
Resistance 1.2698 1.2727 1.2759
Support 1.2637 1.2605 1.2576
Primary Scenario EURUSD cleared the key barrier at 1.2698 and fueled an uptick to climb towards the resistance level at 1.2727 and then higher at 1.2759.
Alternative Scenario A comeback of the market, will push prices to breach the support at 1.2698. The next support is seen at the daily pivot at 1.2666.

 

GBPUSD H4
Resistance 1.6118 1.6148 1.6199
Support 1.6037 1.5987 1.5957
Primary Scenario The pair bounced up from the previous low and is now heading to the resistance level at 1.6118. A successful surpass of this level will trigger the market to target the next level at 1.6148.
Alternative Scenario A reversal back of the currency rate will lead GBPUSD backwards to the daily pivot at 1.6067.

 

USDCHF H4
Resistance 0.9542 0.9567 0.9590
Support 0.9493 0.9470 0.9445
Primary Scenario USDCHF is now testing the support at 0.9493. A decisive movement to the south, will push the pair lower to find support at 0.9470 and further down to 0.9445.
Alternative Scenario An upward wave, would lift the pair to reach the daily pivot (0.9519) and even higher at 0.9542.

 

USDJPY H4
Resistance 108.35 108.69 109.26
Support 107.77 107.30 106.95
Primary Scenario The strength of the market faded, but the pair is still trading above the cloud. Any forceful movement to the north, will fuel the pair higher to target the resistance level at 108.35. The next resistance is estimated at 108.69 (Fibonacci resistance level 161.8%).
Alternative Scenario Should the pair manage to break below the support at 107.77, it will push the market to find support at 107.30.

 

AUDUSD H4
Resistance 0.8833 0.8880 0.8938
Support 0.8729 0.8671 0.8624
Primary Scenario AUDUSD is nearly reached the previous high at 0.8833. A successful attempt to exceed this level, will generate strength for the pair to target the forthcoming resistances at 0.8880 and 0.8938.
Alternative Scenario On the other hand, a plunge of the currency pair will lead prices to the daily pivot at 0.8776 and then lower to the support level at 0.8729.

 

 

Article by ForexTime

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