FW: FX Majors Overview
Faraday Research | Sep 26, 2018 05:55AM ET
EUR/USD Daily
- An inverted head and shoulders pattern projects a target near the March lows.
- Consolidating above the 1.1710/33 highs, a viable zone of support above the neckline.
- The bearing engulfing candle high at 1.1852 is an important resistance level for bulls to conquer.
USDJPY
- After reaching our target near the July high, there’s potential for a pause in trend.
- Although we favour an eventual break higher, we’d like to see support build above the 112.04/15 zone.
- A break above 113.17 brings 113.75 into focus.
AUD/USD Daily
- Coiling between a bearish channel and support nearby.
- 0.7229/38 is a key support level for bulls to defend, a break of which brings 0.7142 into view.
- A break above 0.7304 invalidates the bearish channel, warns of a trend change and targets 0.7382.
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.