Technical Analysis USD/CAD

1.34600 broke on a closing basis. SELL usd/cad on a pullback to 1.34600/1.35200 area with a 40 pip stop looking for 1.34000.

Technical Analysis AUD/USD

This fx pair is in a uptrend move since 01 March. A very strong support (S1) gives us a signal to go Long on this pair

Technical Analysis GBP/USD

GBPUSD remains in a technical downtrend on the 1 hour chart as is still forming lower swing highs (1.4042 and 4.4019) and lower swing lows (1.3880 and 1.3840),therefore the downtrend since the gap formed at the weekend remains in place until this pattern is broken.

Technical Analysis AUD/USD

With better than expected news for the Aussie during the Asian session AUDUSD was able to break through resistance around big fig, Looking for Aussie to find support around that level which coincides with the 50% fib retracement and play to the new found strength. MM stop just below support and target 3x risk.

Technical Analysis EUR/USD

The fx pair is questionable in Daily TF. If its holds RSI over 34 then the pullback will become more complex correction and later it is ok to expect new highs. This can be changed if the smaller TF players will become more bearish. On H8 TF the bears are still dominated but the movement became slower. And players are waiting new lows. H2 is questionable. The players try to push the market upward. From this side bigger correction can be expected with enough trading distance. If the market won’t take out S1 than LONG positions are good with the TP of R2. If S1 falls than still SHORTs are better until S3.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

Technical Analysis GBP/JPY

At Pivot, price consolidated and recover. Go Long at this level. SL at 158.00. TP at R2

YESFX Global

We are very excited to announce the launch of our newly designed website. Visit us at www.yesfx.com.cy