FX TECHNICAL ANALYSIS


by Rahul Khanna Chief FX Strategist TraderMade


CURRENCY OUTLOOK FX TECHNICAL ANALYSIS FOR THE YEAR 2018


Currency Pair EURUSD


GBPUSD USDJPY


AUDUSD NZDUSD USDCAD USDCHF USDNOK USDSEK


Current price 1.1757


1.3359 113.48 0.7521 0.6945 1.2844 0.9917 8.3322 8.4347


EURUSD MONTHLY CHART (10-YEARS)


EURUSD is in a downtrend since 2008 but we saw a base completion in the Q3 of 2017 which hints towards another test of the downtrend line (comes to around 1.2500 by the end of 2018). In the near term a deeper dip to 1.1281 is not ruled without changing the year-end outlook but a break below 1.0821 will avert further upside chances.


Year-End 2018 Target 1.25


1.40 1.18-1.20


0.8100-.8200 0.7630 1.25


1.02-1.03 7.8633 7.8963


Key Reversal Area 1.0820


1.2800 107.50 0.7150 0.6450 1.3450 0.9450 9.7545 9.0886


66 FX TRADER MAGAZINE January - March 2018


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