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Old 20-05-2019, 09:07
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Default Re: Daily Forex News

Technical Overview of CHF/JPY and EUR/AUD Currency Pair

CHF JPY

The CHF traded higher against the JPY and closed at 108.824.

The followed the following actions.

1 - It broke he Monthly support upwards
2 - It broke the Quarterly support upwards
3 - Formed A Resistance Trend Line and broke it to the upside
4 - The Daily 9 ema is to the upside
5 - If the pair breaks the Up 127 extension then we may see an extended move
or
6 - If the pair breaks the down 127 extension then this may be a double top.
According to the Analysis, The pair is expected to find support at 108.467, and a fall through could take it to the next support level of 108.111. The pair is expected to find its first resistance at 109.076, and a rise through could take it to the next resistance level of 109.329.

CHF JPY Previous Day range was 6090 and Current Day Range is 2530.

EUR AUD

The EUR traded higher against the AUD and closed at 1.6245.

The followed the following actions.

1- It broke the Quarterly Pivot upwards.
2 - Making a series of HH and HL.
3 - Formed A Support Trend Line.
4 - The Daily 9 ema is to the upside.
5 - If the pair breaks the Up 127 extension then we may see an extended move.
or
6 - If the pair breaks the down 127 extension then this may be a double top.
7 - The up 127 Extension is in confluence with Quarter and Year Resistance.

According to the Analysis, The pair is expected to find support at 1.62134, and a fall through could take it to the next support level of 1.61818. The pair is expected to find its first resistance at 1.62689, and a rise through could take it to the next resistance level of 1.62928.

EUR AUD Previous Day range was 55.5 and Current Day Range is 89.4.

Fundamental Overview

Inflation in the euro area is not at the level of 2% the ECB wants it to be, the ECB policy maker Klaas Knot says.

Japan: GDP shows strong fundamentals are supporting demand US Pres. Trump: “Starting Monday, our great Farmers can begin doing business again with Mexico and Canada.
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