HiWayFX - Analytics

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    Technical Analysis 6/04/2016

    EURUSD

    The EURUSD pair closed on Tuesday, 5th of April 2016, at 1.13834. A breakout above daily pivot which is 1.13743 will technically lead us to R1 = 1.14008, and later to R2 = 1.14172. Overextension of price will lead us to R3, which is 1.14436. A breakout below daily pivot which is 1.13743 will technically lead us to S1 = 1.13479 and later to S2 = 1.13315. Overextension of price will lead us to S3, which is 1.13050. Exponential moving average of 21 periods indicates a bullish price movement.

    Important Economic News

    • 14:30 – GMT – USD – Crude Oil Inventories
    • 18:00 – GMT – USD – FOMC Meeting Minutes

    Pivot Point 1 Hour

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.13050 1.3315 1.13479 1.13743 1.14008 1.14172 1.4436

     

    USDJPY

    The USDJPY pair closed on Tuesday, 5th of April 2016, at 110.322. A breakout below daily pivot which is 110.541 will technically lead us to S1 = 110.004, and later to S2 = 109.672 Overextension of price will lead us to S3, which is 109.136. A breakout above daily pivot which is 110.541 will technically lead us to R1 = 111.077, and later to R2 = 111.409. Overextension of price will lead us to R3, which is 111.946. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 109.136 109.672 110.004 110.541 110.077 111.409 111.946

     

     

    GBPUSD

    The GBPUSD pair closed on Tuesday, 5th of April 2016, at 1.41554. A breakout below daily pivot which is 1.41863 will technically lead us to S1 = 1.41264 and later to S2 = 1.40893. Overextension of price will lead us to S3, which is 1.40293. A breakout above daily pivot which is 1.41863 will technically lead us to R1 = 1.42463, and later to R2 = 1.42834. Overextension of price will lead us to R3, which is 1.43433. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.40293 1.40893 1.141264 1.41863 1.42463 1.42834 1.43433

     

     

    USDCHF

    The USDCHF pair closed on Tuesday, 5th of April 2016, at 0.95591 A breakout below daily pivot which is 0.95705 will technically lead us to S1 = 0.95483 and later to S2 = 0.95346. Overextension of price will lead us to S3, which is 0.95125. A breakout above daily pivot which is 0.95705 will technically lead us to R1 = 0.95926, and later to R2 = 0.96063. Overextension of price will lead us to R3, which is 0.96285. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 0.95125 0.95346 0.95483 0.95705 0.95926 0.96063 0.96285

     

     

    The information provided is for educational purposes only and should not be considered as investment advice.

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