From Today TradeLikeJarvis.com will offer daily Forex technical analysis for every currencies and commodities.
Present situation of the EURO is illustrated in the following:
Analysis of Currencies and Commodities:
Date: 20th Jan, 2015
List of Currency analysed:
- EUR VS USD
- GBP VS USD
- USD VS CHF
- USD VS JPY
- AUD VS USD
- USD VS RUB
FX Technical analysis of EUR VS USD:
Have a deep look at the chart above, Euro seems goes downwards from the start of the day. However initial downward movement is very fast, it becomes stabilize in the middle. It flattens at the level of 1.2500 to 1.2400. This stabilization saves Euro to avoid reaching the lowest position.
Then the downward movement takes acceleration to reach the level of 1.1590. If the stabilization doesn’t takes place, Euro may reach less than 1.1000. This downward movement of EURO is due to the pressure of ECB’s quantative easing program.
As ECB is going to announce the Outright Quantative Easing Program, investors expects a deflations in EURO.
Technical Analysis of GBP VS USD
Look at the Chart above, Our team thought that, GBP will have a descending movement and reach the lowest level of 1.5040.
But our instinct failed and GBP had ascending movement, which is good for investors who play with GBP. It reached the level of 1.5073. Following graph shows the current movement of GBP. It gains a huge ascending movement and reached the same level of 1.5168.
Technical Analysis of USD VS CHF
Using bloomberg chart, we are analysing that USD starts with a steady level of 0.8798 at the morning.
After 5am in the early morning, USD starts moving downwards and reached lowest level of 0.8700. Our expectation is that, soon USD will have upward movement and reach the level that started today.
Technical Analysis of USD VS JPY
Today USD got great ascending wave and grow exponentially with few downward movement. But that downward movement is too lengthy. USD started with the lowest level of 117.20 and its now reached the level of 118.69. Its expected that it’ll move upward today.
Technical analysis of AUD VS USD
See the chart above, you will notice the huge fluctuation in AUD level.
Today AUD started at the level of 0.8220 and saw some downward movement in the beginning. But it got slight ascending movement to reach the level it started.
Then AUD got huge downward wave to reach the level of lowest 0.8160, however it didn’t lost for long interval. It reached the same level of 0.8210 by getting good upward swing. We expect that AUD will reach 0.8190.
Technical analysis of USD VS RUB
As you can see in the above chart, Ruble consistently move steadily in the linear flow. We thoughts it will reach the level of 44.00, but we hope that it will have some upward movement.