USDCHF has just surpassed the hurdle at 0.9900.

March 10, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0897 1.0943 1.0981
Support 1.0814 1.0776 1.0730
Primary Scenario EURUSD is now trading in multi-year low. If the pair manages to eliminate the support level at 1.0776, it will fall further down to 1.0730. Be aware of the RSI oscillator which is negotiating within an oversold zone.
Alternative Scenario A reversal back above the resistance at 1.0814, will push prices to reach the daily pivot point at 1.0860.

 

GBPUSD H4
Resistance 1.5165 1.5203 1.5269
Support 1.5061 1.4995 1.4957
Primary Scenario After a short correction course of the market, GBPUSD achieved to breach below the daily pivot (1.5099). A sustained trading below this level will most likely lead the pair to retest the barrier at 1.5061 and then lower at 1.4995.
Alternative Scenario A comeback of the exchange rate will lead the market above the daily pivot, with immediate target the resistance level at 1.5165.

 

USDCHF H4
Resistance 0.9877 0.9900 0.9927
Support 0.9827 0.9800 0.9777
Primary Scenario USDCHF has just surpassed the hurdle at 0.9900. If the pair manages to extend its uptrend, it will target the next resistance at 0.9927.
Alternative Scenario A plunge of the pair below the support at 0.9900, will push the market to find support at 0.9877. RSI oscillator supports this outlook.

 

USDJPY H4
Resistance 122.02 122.82 123.56
Support 121.32 120.75 119.89
Primary Scenario USDJPY is now testing a multi-month high at 122.02. A successful attempt to exceed this barrier it will generate strength for the market to eye the forthcoming resistance at 122.82.
Alternative Scenario On the other hand, a setback of the prices will lead the pair to find support at 121.32 and then lower at 120.75. RSI oscillator is trading within an overbought territory.

 

AUDUSD H4
Resistance 0.7734 0.7764 0.7790
Support 0.7678 0.7653 0.7622
Primary Scenario The pair is heading towards the support level at 0.7622. Further drop of the market will open the way down to 0.7592 (Fibonacci Support level 261.8%).
Alternative Scenario An upward wave would lift AUDUSD above the resistance level 0.7653, towards the hurdle at 0.7678. RSI is trading at 27, within an oversold area.

 

 

Article by ForexTime

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

 

 

 

11 years ago