Language

Technical Analysis (2017-04-28)

EUR/USD
Previous Day Range High: 1.0933 Low: 1.0849 Close: 1.0874
Technical Chart Resistance
R-2:1.0969
R-1:1.0922





Support
S-1:1.0838
S-2:1.0801



Forecast
High:1.0922
Low:1.0838





EUR/USD is staying in tight range below 1.0949 temporary top and intraday bias remains neutral for consolidations. At this point, another rise could be seen as long as 1.0777 support holds. But still, rise form 1.0339 is seen as a corrective move. Hence we'd pay attention to topping signal even if EUR/USD rises through 1.0949. On the downside, below 1.0777 minor support will turn bias to the downside for 1.0569 support first.
USD/JPY
Previous Day Range High: 111.60 Low: 111.03 Close: 111.21
Technical Chart Resistance
R-2:111.85
R-1:111.53






Support
S-1:110.96
S-2:110.71



Forecast
High:111.53
Low:110.96





No change in USD/JPY's outlook. While it's losing some upside momentum, with 109.58 minor support intact, further rise is expected. Sustained trading above 111.58 support turned resistance will indicate that fall from 118.65 is merely a corrective move and has completed. Outlook will then be turned bullish for 115.49 resistance and above. However, break of 109.58 will argue that fall from 118.65 is still in progress and will turn bias to the downside for 108.12 and below.
GBP/USD
Previous Day Range High: 1.2917 Low: 1.2838 Close: 1.2909
Technical Chart Resistance
R-2:1.2967
R-1:1.2938





Support
S-1:1.2859
S-2:1.2809




Forecast
High:1.2938
Low:1.2859





Intraday bias in GBP/USD stays mildly on the upside as rise from 1.2108 is resuming. Current rally would target 161.8% projection of 1.2108 to 1.2614 from 1.2365 at 1.3184. At this point, price actions from 1.1946 are still interpreted as a correction pattern. Therefore, we'd expect strong resistance below 1.3444 to bring larger down trend resumption. On the downside, break of 1.2755 minor support will turn bias to the downside. Further break of 1.2614 resistance turned support will now indicate near term reversal.
USD/CHF
Previous Day Range High: 0.9964 Low: 0.9917 Close: 0.9939
Technical Chart Resistance
R-2:0.9987
R-1:0.9963





Support
S-1:0.9916
S-2:0.9893



Forecast
High:0.9963
Low:0.9916





USD/CHF is staying in tight range of 0.9897/0.9999 and intraday bias remains neutral for sideway trading. At this point, with 0.9999 minor resistance intact, deeper fall is still in favor. Below 0.9897 temporary low will turn bias to the downside for 0.9812 and possibly below. Nonetheless, whole decline from 1.0342 is seen as a correction. Hence, we'll look for bottoming signal below 0.9812. Meanwhile, on the upside, above 0.9999 minor resistance will turn bias back to the upside for 1.0107 resistance.
AUD/USD
Previous Day Range High: 0.7492 Low: 0.7435 Close: 0.7469
Technical Chart Resistance
R-2:0.7522
R-1:0.7496





Support
S-1:0.7439
S-2:0.7408




Forecast
High:0.7496
Low:0.7439





AUD/USD's break of 0.7472 support revives that case that whole rise from 0.7150 is completed at 0.7748. Intraday bias is turned back to the downside. Deeper fall is now anticipated back to test 0.7144/58 key near term support zone. On the upside, break of 0.7609 resistance is now needed to indicate completion of the fall from 0.7748. Otherwise, outlook will stay mildly bearish in case of recovery.
USD/CAD
Previous Day Range High: 1.3671 Low: 1.3526 Close: 1.3625
Technical Chart Resistance
R-2:1.3752
R-1:1.3689





Support
S-1:1.3544
S-2:1.3462



Forecast
High:1.3689
Low:1.3544





A temporary top is in place at 1.3647 after USD/CAD fails to sustain above 1.3598 key resistance. Intraday bias is turned neutral first. Some consolidations should be seen but downside of retreat would be contained by 1.3410 support to bring another rally. Break of 1.3647 will extend the whole medium rise from 1.2460 to next medium term fibonacci level at 1.3838. However, break of 1.3410 will turn bias back to the downside for 1.3222 support instead.