Technical Overview of USD/JPY, USD/CAD and AUD/USD Currency Pairs

USD JPY


The USD traded lower against the JPY and closed at 110.507.

The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

According to the Analysis, Four hour chart shows that the pair is expected to find support at 110.260, and a fall through could take it to the next support level of 110.014. The pair is expected to find its first resistance at 110.730, and a rise through could take it to the next resistance level of 110.954.

Previous Day range was 4700 and Current Day Range is 4110.

USD CAD


The USD traded lower against the CAD and closed at 1.3408.

The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

The pair is expected to find support at 1.33769, and a fall through could take it to the next support level of 1.33456. The pair is expected to find its first resistance at 1.34395, and a rise through could take it to the next resistance level of 1.34708.

USD CAD previous Day range was 62.6 and Current Day Range is 22.1.

AUD USD


The AUD traded higher against USD and closed at 0.7083.

According to the analysis, pair is expected to find support at 0.70535, and a fall through could take it to the next support level of 0.70244. The pair is expected to find its first resistance at 0.71265, and a rise through could take it to the next resistance level of 0.71704.
   
AUD USD previous day range was 73 and current day range is 25.9.
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Weekly Forecast of Crude Oil (USOil.x)

Oil ignores the bearish API inventory report released day before yesterday and hit five-month highs a few minutes before press time.
OPEC's output hit a four-year low in March. The Energy Information Administration is expected to show the US oil inventories dropped last week.

US crude oil inventories unexpectedly rose by 3 million barrels last week, the American Petroleum Institute said on Tuesday. Oil prices, however, have shrugged off the bearish inventory report, and continue to cheer the OPEC-led supply cuts.

According to the analysis, USOil.x pair is expected to find support at 61.91, and a fall through could take it to the next support level of 61.21. The pair is expected to find its first resistance at 63.02, and a rise through could take it to the next resistance level of 63.43.

USOil.x previous day range was 11100 and current day range is 4300.

The Energy Information Administration (EIA) data due later today is expected to show the US crude inventories dropped 100,000 barrels last week. A bigger drawdown could end up pushing WTI higher to $63.59 (resistance of the June 2018 low as per the weekly chart).
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Technical Overview of USD/JPY, EUR/USD and AUD/USD Currency Pairs

USD JPY


The USD traded lower against the JPY and closed at 111.709.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

According to the Analysis, The pair is expected to find support at 111.594, and a fall through could take it to the next support level of 111.479. The pair is expected to find its first resistance at 111.820, and a rise through could take it to the next resistance level of 111.931.

Previous Day range was 2260 and Current Day Range is 3820.

EUR USD


The EUR traded higher against the USD and closed at 1.1216.

The pair is expected to find support at 1.12035, and a fall through could take it to the next support level of 1.11908. The pair is expected to find its first resistance at 1.12355, and a rise through could take it to the next resistance level of 1.12548.

EUR USD previous Day range was 32 and Current Day Range is 21.3.

AUD USD


The AUD traded lower against USD and closed at 0.7106.

According to the analysis, pair is expected to find support at 0.70880, and a fall through could take it to the next support level of 0.70704. The pair is expected to find its first resistance at 0.71274, and a rise through could take it to the next resistance level of 0.71492.

AUD USD previous day range was 39.4 and current day range is 21.1.
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Technical Overview of EUR/USD, GBP/USD and AUD/USD Currency Pairs

EUR USD


The EUR traded higher against the USD and closed at 1.1298.

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

According to the Analysis, The pair is expected to find support at 1.12584, and a fall through could take it to the next support level of 1.12189. The pair is expected to find its first resistance at 1.13304, and a rise through could take it to the next resistance level of 1.13629.

Previous Day range was 72 and Current Day Range is 15.

GBP USD


The GBP traded higher against the USD and closed at 1.3071.

The Average Earing Excluding Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. It can be seen as a measure of growth in "basic pay". Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate is up, it indicates a lack of expansion within the U.K. labor market. As a result, a rise leads to weaken the U.K. economy. Generally, a decrease of the figure is positive (or bullish) for the GBP, while an increase is negative.

The pair is expected to find support at 1.30368, and a fall through could take it to the next support level of 1.30023. The pair is expected to find its first resistance at 1.31180, and a rise through could take it to the next resistance level of 1.31647.

GBP USD previous Day range was 81.2 and Current Day Range is 32.2.

AUD USD


The AUD traded higher against USD and closed at 0.7171.

The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.

According to the analysis, pair is expected to find support at 0.71273, and a fall through could take it to the next support level of 0.70835. The pair is expected to find its first resistance at 0.72035, and a rise through could take it to the next resistance level of 0.72359.

AUD USD previous day range was 76.2 and current day range is 15.9.

Technical Overview of CHF/JPY, USD/CHF and EUR/USD Currency Pairs

CHF JPY


The CHF traded lower against the JPY and closed at 109.923.

CHFJPY has formed a MB/IB on D1. It is in confluence with Yearly and Quarter Pivot.
Keep in mind that both the currencies may share equal strength in short term due to weakness in USD( Yet to come).

According to the Analysis, The pair is expected to find support at 109.592, and a fall through could take it to the next support level of 109.261. The pair is expected to find its first resistance at 110.127, and a rise through could take it to the next resistance level of 110.331.

Previous Day range was 5350 and Current Day Range is 3170.

USD CHF


The USD traded higher against the CHF and closed at 1.0200.

The pair has already stretched above 2618 %. Now it has formed MB/IB and is in confluence with the Quarter/Year Pivot Levels. A breakout towards up or down may eventually change the trend.

The pair is expected to find support at 1.01727, and a fall through could take it to the next support level of 1.01453. The pair is expected to find its first resistance at 1.02234, and a rise through could take it to the next resistance level of 1.02467.

USD CHF previous Day range was 50.7 and Current Day Range is 16.5.

EUR USD


The EUR traded higher against USD and closed at 1.1154.

The Pair formed a No Demand No Supply. VPOC level, 61% retracement & Quarter Pivot is in confluence at the market zone. A retracement may lead to further selling or alternatively it may make a new Impulse leg.

According to the analysis, pair is expected to find support at 1.11210, and a fall through could take it to the next support level of 1.10882. The pair is expected to find its first resistance at 1.12063, and a rise through could take it to the next resistance level of 1.12588.

EUR USD previous day range was 85.3 and current day range is 15.5.
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Technical Overview of USD/JPY,
GBP/USD and GBP/CHF Currency Pairs

USD JPY


The USD traded lower against the JPY and closed at 111.641.

USDJPY formed series of HH and HL then now over night it made LL
A series of H & LL is start of a new downtrend
The Support from D1 trend line has also broken and has been tested also

Scenario 1:   In order to Go Bullish it needs to Break the Yearly Resistance 112.075
Scenario 2:  In order to be bearish it needs to push through the Quarterly 111.49

According to the Analysis, The pair is expected to find support at 111.488, and a fall through could take it to the next support level of 111.334. The pair is expected to find its first resistance at 111.846, and a rise through could take it to the next resistance level of 112.050.

Previous Day range was 3580 and Current Day Range is 1340.

GBP USD


The GBP traded higher against the USD and closed at 1.2932.

GBPUSD RESPECTING the resistance from D1 resistance trend line.

Now the pair stalls on the Quarterly Pivots Level

As it can be seen that the pair made a series of LH and LL so a down trend is expected.
Alternatively a bullish trend may start after the Daily Trend Line Resistance is broken...

The pair is expected to find support at 1.29087, and a fall through could take it to the next support level of 1.28858. The pair is expected to find its first resistance at 1.29506, and a rise through could take it to the next resistance level of 1.29696.

GBP USD previous Day range was 41.9 and Current Day Range is 23.4.

GBP CHF


The GBP traded higher against CHF and closed at 1.3186.

GBPCHF broke the daily support trend line.

The pair stalls @ Quarterly and yearly Pivot As marked. If the pair breaks the 127 extension then it may bre bullish or else in the alternate scenario if the price breaks the low of Daily support then a DOUBLE TOP may have to form.
According to the analysis, pair is expected to find support at 1.31600, and a fall through could take it to the next support level of 1.31346. The pair is expected to find its first resistance at 1.32064, and a rise through could take it to the next resistance level of 1.32274.

GBP CHF previous day range was 46.4 and current day range is 23.2.
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Technical Overview of GBP/JPY and AUD/NZD Currency Pairs

GBP JPY


The GBP traded higher against the JPY and closed at 146.344.

GBPJPY @ a very strong resistance
Reasons
1- The Long Blue candle Represents Climax candle (indicating that smart money may be interested in selling).
2- Abcd formed @ 127Extension. 
3- 127 level in confluence with trendline of Pivot Candles.
4- Price approaching the Middle Resistance 1 of 1st Quarter.
5- RSI H4 & D1 Already in Over Bought level.
6- High of Previous Daily & Weekly Candle also Broken.
So Scenarios
If we see A Low Volume Test (two bullish candles followed by a bearish one with low volume then we can expect selling).
If we break above the 161 Level with 2 bearish candles followed by 1 bullish low volume candle may resume uptrend.

According to the Analysis, The pair is expected to find support at 145.254, and a fall through could take it to the next support level of 144.164. The pair is expected to find its first resistance at 146.951, and a rise through could take it to the next resistance level of 147.558.

GBP JPY Previous Day range was 16970 and Current Day Range is 9510.

AUD NZD


The AUD traded higher against the NZD and closed at 1.0572.

The Pair Formed
1- Mother bar in side bar @ the Quarterly Resistance, Previous Month Resistance and Monthly Pivot Levels. It’s in a range for now.
2- 55 and 21 Period Moving average has a downward slope.
3- Pair has made a series of LH and LL and the Trendline from the PIVOT CANDLES has been formed.

Scenarios

1- A break below the Low of Mother bar may continue the trend.
Or
2- A break above the Mother bar High may have a change in bias towards the up side.
The pair is expected to find support at 1.05557, and a fall through could take it to the next support level of 1.05396. The pair is expected to find its first resistance at 1.05833, and a rise through could take it to the next resistance level of 1.05948.

AUD NZD previous Day range was 27.6 and Current Day Range is 32.4.
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Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair

EUR NZD


The EUR traded higher against the NZD and closed at 1.7028.

The pair formed a Motherbar Insidebar
The pair is stalling @ yearly Pivots
The yearly Pivots is same as Previous Quarter Pivot
The pair is stalling @ Resistance Quarter
The Pair is forming Series of HH and HL

Scenario
1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend
2- A break below MResQ1 may lead the pair downward

According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.

EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.

GBP CHF


The GBP traded higher against the CHF and closed at 1.315.

The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ Resistance1 Quarter.
The Pair is forming Series of HH and HL.

Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above MResQ1 may lead the pair UP.   

According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.

GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.

NZD CAD


The NZD traded lower against the CAD and closed at 0.8853.

The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ support 1 Quarter.
The Pair is forming Series of LH and LL.

Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above high of Motherbar then may lead the pair UP.

According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.
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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.

Technical Overview of USD/JPY, EUR/AUD and EUR/JPY Currency Pair

USD JPY

The USD traded higher against the JPY and closed at 110.345.

1- In past it formed a Motherbar Insidebar after a decline of 296 pips, It was in a phase of Accumulation.
2 - Now its above the 60/80 Ema.
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 110.84 and Low is  109.76 , Roughly 110 pip.
6 - Its above the Quarter and Year Pivot and is stalling @
      a-  5 Day ADR High
      b-  Middle Support –1  Month
      C-  High of the motherbar/insidebar

Break above the 127 Extension of the motherbar high may trigger buying opportunities
Alternatively
Break of the Lower ADR value may resume the previous trend.
According to the Analysis, The pair is expected to find support at 110.182, and a fall through could take it to the next support level of 110.018. The pair is expected to find its first resistance at 110.566, and a rise through could take it to the next resistance level of 110.786.

USD JPY Previous Day range was 3840 and Current Day Range is 2370.

EUR AUD

The EUR traded higher against the AUD and closed at 1.6201.

I have been watching this pair since 4 days as it has many aspects laying inside it

1 - Making a series of HH and HL
2 - Formed a Motherbar Inside bar @ D1
3 - In confluence with 
     Quarter Pivot
     Yearly and Quarter Resistance
     5 DAY ADR
4 - Formed a Support Trend Line

Break above 127 Extension may form a Bullish Momentum.
Break below 127 Extension may form a Bearish Momentum.

According to the Analysis, The pair is expected to find support at 1.61838, and a fall through could take it to the next support level of 1.61670. The pair is expected to find its first resistance at 1.62278, and a rise through could take it to the next resistance level of 1.62550.

EUR AUD Previous Day range was 44 and Current Day Range is 39.4.

EUR JPY

The EUR traded lower against the JPY and closed at 123.03.

EURJPY what is this Pair upto?

1 - In past it formed a Motherbar Insidebar after a decline of 296 pips.
2 - Now its above the 60/80 Ema. 
3 - Here again it formed a Motherbar Insidebar.
4 - Making a series of HH and HL.
5 - 5 Day ADR High is 123.63 and Low is 122.39, Roughly 150 pip.
6 - It stalling @ Quarter Pivot &
      a -  5 Day ADR High
      b -  Middle Support –1  Month
      C -  High of the mother bar/in side bar

Break above the 127 Extension of the mother bar high may trigger buying opportunities
Alternatively
Break of the Lower ADR value may resume the previous trend.

According to the Analysis, The pair is expected to find support at 122.837, and a fall through could take it to the next support level of 122.645. The pair is expected to find its first resistance at 123.362, and a rise through could take it to the next resistance level of 123.695.

EUR JPY Previous Day range was 5250 and Current Day Range is 2890.

Technical Overview of GBP/USD Currency Pair

GBP USD

The GBP traded higher against the USD and closed at 1.2711.

1) The pair closed in its weekly value areas.
2) A bullish sentiment after test of the VPOC may take the market upwards to the VPOC of last week and last 5th week.
3) Pair is in between its 5 DAY ADR levels.
4) Pair is continuously making high volume candles.
5) Breakout zones are drawn on chart.

According to the Analysis, The pair is expected to find support at 1.26608, and a fall through could take it to the next support level of 1.26110. The pair is expected to find its first resistance at 1.27464, and a rise through could take it to the next resistance level of 1.27822.

GBP USD Previous Day range was 85.6 and Current Day Range is 29.6.

Fundamental Overview

1 - GBP/USD - Boosted Slightly After PM May Resigns.
2 - GBP: Time To Start Trimming Shorts, adding long GBPCHF.

For Detailed Technical Analysis Visit our YouTube Channel:- https://www.youtube.com/c/xtreamforex

Technical Overview of AUD/JPY Currency Pair

AUD JPY

The AUD traded higher against the JPY and closed at 75.703.

1) Pair in a tight range.
2) Pair forms a Support @ 77.50.
3) keep in mind that AUD announces time rate Cut in 2019 and total 4 times till 2020.
4) So it makes no sense to waiting for resistance to be broker as we know JPY is safe heaven in this RISK Aversion state.

According to the Analysis, The pair is expected to find support at 75.517, and a fall through could take it to the next support level of 75.330. The pair is expected to find its first resistance at 75.919, and a rise through could take it to the next resistance level of 76.134.
AUD JPY Previous Day range was 4020 and Current Day Range is 2230.

Economic Events

1) RBNZ Financial Stability Report (It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future).
2) Bank of Canada (BOC) Interest Rate Announcement.
3) GBP/USD: UK’s political uncertainty favors bears targeting 1.2600.

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