Forex Technical Major Pairs analysis August 13, 2019

USDX (USD Index)

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Forex Technical Major Pairs analysis August 13, 2019

The index pushed lower below 97.50 and closed the first time below it yesterday. The index continues under pressure today until U.S trading session. We have a major bullish momentum in the index which surpasses 97.50 and soon will move above the previous week high. Will the index continue its bullish trend after the bounce?

EUR/USD

Forex Technical Major Pairs analysis August 13, 2019

EUR/USD continue its consolidation between 1.1185 and the trendline. No breakout is seen yet. At the current time, the pair under pressure and attempting to close the day below 1.1185. Traders will continue to monitor the pair closing level by the end of the day to determine EUR/USD next direction.

today critical levels to watch:

Support: 1.1185, 1.1120, 1.1100

Resistance: 1.1200, 1.1280

GBP/USD

Forex Technical Major Pairs analysis August 13, 2019

GBP/USD dropped below 1.2100 and settle inside 1.2000 – 1.2100 range. The pair expected to continue its movement inside the range and waiting for a breakout.

Today Critical level to watch:

Support: 1.2000

Resistance: 1.2100, 1.2300, 1.2400

USD/JPY

Forex Technical Major Pairs analysis August 13, 2019

USD/JPY make a major bullish movement today erasing all of the losses incurred in the previous week. The pair tested 106.70 – 107.00 resistance today. Under current bullish momentum, we might see a close above 107.00 and bullish continuation in the coming days.

Today critical levels to watch:

Support: 105.00, 104.67

Resistance: 106.10, 106.70

AUD/USD

Forex Technical Major Pairs analysis August 13, 2019

AUD/USD traded directionlessly and still looking for direction. The pair trying to move upward and halt the current bearish trend. If the pair continues moving upward then the level around 0.6850 will become the target. Traders better stick with short positions as the long-term trend is bearish for AUD/USD.

Today critical levels to watch:

Support: 0.6700

Resistance: 0.6800, 0.6900

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