Daily Technical Analysis

Daily Forex Technicals | Written by FX Instructor | Sep 16 08 02:32 GMT |

EURUSD Outlook

Yesterday the EURUSD failed to maintain it's bullish correction. After broke resistance level at 1.4357 and topped at 1.4481 the pair whipsawed to the downside, hit the bottomed at 1.4084 and closed at 1.4278. Technically, this fact keep the bearish scenario intact. My model is mixed with neutral bias. Immediate resistance is seen at 1.4282 followed by 1.4329. Initial support at 1.4178 followed by 1.4084 (yesterday's low). CCI in neutral area on daily chart.

EURUSD Daily Supports and Resistances:

S1= 1.4081
S2= 1.3884
S3= 1.3684
R1= 1.4478
R2= 1.4678
R3= 1.4875
GBPUSD Outlook

The GBPUSD made indecisive movement by opened and closed at almost the same price yesterday (1.7985 and 1.7988). My model is mixed with neutral bias. Immediate resistance is seen at 1.7989. Initial support at 1.7850. CCI in neutral area on daily chart.

GBPUSD Daily Supports and Resistances:

S1= 1.7791
S2= 1.7594
S3= 1.7425
R1= 1.8157
R2= 1.8326
R3= 1.8523
USDJPY Outlook

The Greenback slumped against Japanese Yen yesterday. The pair bottomed at 104.26 and closed at 104.36. However the pair seems to be oversold now. My model is mixed with neutral bias in nearest term but still with downside bias in longer term. Immediate resistance is seen at 104.70. Initial support at 103.80 followed by 103.25. CCI in oversold area on daily chart.

USDJPY Daily Supports and Resistances:

S1= 103.44
S2= 102.52
S3= 100.78
R1= 106.10
R2= 107.84
R3= 108.76
USDCHF Outlook

The USDCHF bearish correction seemed limited yesterday. The pair attempted to pushed lower, bottomed at 1.1056 but rebound to the upside, topped at 1.1278 and closed lower at 1.1129. My model remains mixed with downside bias. Immediate resistance is seen at 1.1178. Initial support at 1.1056 (yesterday's low). CCI in neutral area on daily chart.

USDCHF Daily Supports and Resistances:

S1= 1.1030
S2= 1.0932
S3= 1.0808
R1= 1.1252
R2= 1.1376
R3= 1.1474

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