Will Euro / Dollar Start A Reversal Trend?

The global economy is basically in good shape. The German ZEW survey shows that investor confidence has risen for the first time in 11 months, indicating that the economy of Germany (the largest euro zone economy) has improved and the euro / dollar has exceeded 1.2500.

PPI data in the US are also better than expected, mainly due to the rise in service and food prices over the impact of falling energy prices.

In the short term, the hourly chart shows that the US exchange rate test is 1.2545 higher in the day, and the exchange rate breaks through the EMA.

The 4 hour chart shows that although the exchange rate is above the 20 hour average line, the exchange rate is rising moderately.

The recent downward trend line (from low to 1.2357 in 1.2770 years) at 50% of the 1.2570 position, indicating that the exchange rate is expected to rise to 1.2660.

Supporting position: 1.25151.24801.2440

Resistance level: 1.25701.26201.2660

Euro / yen current price: 146.39

On Tuesday, the Japanese Prime Minister Abe Shinzo finally postponed the increase in consumption tax for 18 months and disbanded the house of Representatives Parliament. The Japanese yen went out of the low position for many years: euro / yen hit 146.69, and after a big crash, it bought and the exchange rate hit a high level.

The hourly chart shows that the exchange rate index is exhausted, close to the overbought area, the 100 hour and the 200 hour moving average are upwards, below the current price, and the average spacing increases.

The 4 hour chart shows that the relative strength index is above 70, and the kinetic energy is in the positive area.

Even if the exchange rate goes down to 144.40/ after 80, it is still expected to go up.

The resistance level of the exchange rate is 146.90. Since 2008, the exchange rate has gone out of several daily lows and highs.

If the exchange rate stabilise above the level, the exchange rate is expected to continue upward.

Supporting position: 146.30145.85145.30

Resistance level: 146.90147.25147.70

GBP / USD

1.5639

In the past 24 hours, the pound / dollar fluctuated little, and the exchange rate remained at 50 points. The inflation figures in Britain were in line with expectations, with an annual inflation rate of 1.3%, a pre value of 1.2%, and a core inflation index at 1.5%, which is expected to be 1.6%.

The Bank of England says the inflation outlook is still in the doldrums and will not raise interest rates in 2015, and the pound loses its upward momentum.

The hourly chart shows that the exchange rate is maintained near the low level. The index is located south and is located near the central line. The exchange rate is below the 20 hour average line and the direction is uncertain.

The 4 hour chart shows that the index is sorted out from the oversold level, but it is still below the central line, and the 20 hour moving average is downward, leaving the resistance 1.5660/70 price area.

If the exchange rate does not follow the index, the uplink signal indicates that the exchange rate is still expected to decline. If the exchange rate falls below 1.5620, it is expected to continue downward to 1.5550.

Supporting position: 1.56201.55851.5550

Resistance level: 1.56701.57001.5740

USD / JPY current price: 116.74

The central bank will hold a two day economic conference, announcing important news earlier, which is enough to shake the market today.

Caution should be taken in dealing with yen crosses.

The US dollar / yen has not reached a higher level, maintaining close to 117 integer.

Trading at the top of the recent oscillation range. In the short term, the exchange rate is moderate, and the index is above the central line. The kinetic energy is not strong, and the average 100 hours and 200 hours moving up are below the current price.

The 4 hour chart shows that the kinetic energy is near the neutral region, and the relative strength index is near 61, and the direction is uncertain.

If the exchange rate comes up in 117.45, the exchange rate is expected to continue upward. The downward trend of the exchange rate can be regarded as a buying opportunity, with a short-term target of 115.50.

Supporting position: 116.60116.25115.90

Resistance level: 117.05117.45117.85

Australian dollar / US dollar current price: 0.8729

Stevens, the governor of the RBA, said that sufficient idle capacity in the economy should be effective in curbing inflation. Australia needs to maintain a low interest rate for a period of time. Although the dollar weakened, the Australian dollar / dollar rebounded to 0.8700, but the Australian dollar fell to 0.8681 against the dollar.

In the short term, the hourly chart shows that the exchange rate is neutral, and the exchange rate is above the 20 hour average and the index is above the central line.

The 4 hour chart shows the same trend. The exchange rate is maintained near the average 20 hour average line. The index is located south and is located near the central line.

The exchange rate will have second shoulders to go out of the head and shoulders. It shows that the exchange rate will be sorted out in the short term and close to 0.8770 regions. The exchange rate should drop from this level and fall below the 0.8640 support position to confirm this trend.

Judging from this is slightly earlier, we can observe the trend of exchange rate based on this clue.

If the exchange rate exceeds 0.8770, the exchange rate is expected to continue upward.

Supporting position: 0.86900.86500.8610

Resistance level: 0.87400.87750.8820