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USDCHF: Gyrating the daily pivot.

Posted On 15 Jan 2015
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EURUSD Technical Analysis
EURUSD H4
Resistance 1.1847 1.1905 1.1965
Support 1.1728 1.1668 1.1609
Primary Scenario EURUSD has been trapped between the resistance level at 1.1847 and the support level at 1.1728. Should the pair manage to breach the barrier at 1.1728, it will open the way down towards the forthcoming support at 1.1668.
Alternative Scenario A higher thrust of the exchange rate will lift the market above the daily pivot (1.1786) up to the hurdle at 1.1847.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5284 1.5338 1.5408
Support 1.5160 1.5090 1.5036
Primary Scenario The strength of the market faded, but the currency pair is still trading above the daily pivot at 1.5214. If GBPUSD manages to withhold the sellers’ pressure, it will target the resistance level at 1.5284 and further up at 1.5338.
Alternative Scenario A plunge of the market below the daily pivot, it will push prices lower to the support level at 1.5160.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 1.0238 1.0290 1.0340
Support 1.0135 1.0085 1.0033
Primary Scenario USDCHF is gyrating the daily pivot (1.0187). A decisive movement to the north will trigger the market to penetrate the hurdle at 1.0238. The next resistance is seen at 1.0290.
Alternative Scenario On the other hand, a tumble of the rate below the daily pivot, will push the market to find support at 1.0135.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 117.96 118.83 119.43
Support 117.56 116.86 116.05
Primary Scenario USDJPY bounced up from the previous bottom and is following a correction course. A fruitless attempt to move higher, it will push the pair to violate the support level at 117.56, with immediate target the next support at 116.86.
Alternative Scenario A successful penetration of the resistance level at 117.96 will lead the pair to retest the next level at 118.83.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4 Up Trend
Resistance 0.8201 0.8255 0.8322
Support 0.8080 0.8013 0.7960
Primary Scenario The pair has just surpassed the resistance level at 0.8134 and it is now poised to reach the next target at 0.8255. A further increase of the prices will see the market up to the hurdle at 0.8322.
Alternative Scenario Alternatively, if the pair falls below the daily pivot, it will find support at 0.8080.

AUDUSDH4

The post USDCHF: Gyrating the daily pivot. appeared first on Forex Circles.

Source:: USDCHF: Gyrating the daily pivot.

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