Forex Daily Analysis – Daily Market Forcast
At Mobirao.com, you can expect to receive comprehensive and reliable forex daily analysis and Forex Forcast to help you make informed trading decisions. Our goal is to provide you with the tools and information you need to succeed in the foreign exchange market.
GBP/USD
Pivot: 1.1995
Our suggestion :
long positions above 1.1995 with targets at 1.2075 & 1.2100 in extension.
Alternate setup:
below 1.1995 look for further downside with 1.1960 & 1.1925 as targets.
Remarks :
the RSI shows upside momentum.
USD/JPY
Pivot: 136.10
Our suggestion :
short positions below 136.10 with targets at 135.35 & 135.10 in extension.
Alternate setup:
above 136.10 look for further upside with 136.45 & 136.75 as targets.
Remarks :
the RSI lacks upward momentum.
EUR/USD
Pivot: 1.0610
Our suggestion :
long positions above 1.0610 with targets at 1.0670 & 1.0690 in extension.
Alternate setup:
below 1.0610 look for further downside with 1.0590 & 1.0575 as targets.
Remarks :
the RSI shows upside momentum.
AUD/USD
Pivot: 0.6730
Our suggestion :
long positions above 0.6730 with targets at 0.6780 & 0.6795 in extension.
Alternate setup:
below 0.6730 look for further downside with 0.6710 & 0.6695 as targets.
Remarks :
the RSI lacks downward momentum.
XAU/USD
Pivot: 1848.00
Our suggestion :
long positions above 1848.00 with targets at 1864.00 & 1870.00 in extension.
Alternate setup:
below 1848.00 look for further downside with 1842.00 & 1835.00 as targets.
Remarks :
the RSI is bullish and calls for further advance.
GBP/JPY
Our pivot point stands at 163.83.
Our suggestion :
the downside prevails as long as 163.83 is resistance.
Alternate setup:
the upside breakout of 163.83, would call for 164.62 and 165.08.
Remarks :
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.44 and 163.39).
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Whether you are a seasoned trader or just starting out, our forex analysis and signals will give you the edge you need to succeed in the market. Join us now and take the first step towards profitable forex trading.
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Trendline Breakout Trading Strategy
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