USDCAD: Breaking resistance at 1.3080

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EUR/USD

Short-term bearish.

• EUR/USD is still in a mid-term bullish momentum. Hourly resistance for a short-term bounce is given at 1.1495 (15/10/2015 low). Nonetheless, on the short term the pair is heading downside. Other resistance can be found at 1.1561 (26/08/2015 low). Support lies at 1.1087 (03/09/2015 low). Expected consolidation before entering into an upside move.

• Since March 2015, the pair is improving. Key supports can be found at 1.0458 (16/03/2015 low) and 1.0000 (psychological support). The technical structure favours an eventual break higher. Strong resistance is given at 1.1871(12/01/2015).

GBP/USD

Monitoring the 38.2% Fibonacci retracement.

• GBP/USD holds above the 38.2% Fibonacci retracement. Other support lies at 1.5202 (13/10/2015 low) and hourly resistance can be found at 1.5529 (18/09/2015 high). A long as prices remain in this range, there is no clear midterm momentum. Expected momentum towards resistance at 1.5529

• In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.

USD/JPY

Bearish consolidation.

• USD/JPY lacks of momentum. The pair has broken the higher bound implied by the downside channel but has failed to push higher. Hourly support can be found at 118.07 (15/10/2015 low). Strong resistance is given at 121.75 (28/08/2015 high).

• A long-term bullish bias is favored as long as the strong support at 115.57 (16/12/2014 low) holds. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) is favored. A key support can be found at 116.18 (24/08/2015 low).

USD/CHF

Monitoring 0.9600.

• USD/CHF is pushing higher in order to break through 0.9600. Other resistance can be found at 0.9740 (07/10/20150 low). Hourly support is given at 0.9476 (15/10/2015 low). Expected to show continued upside move.

• In the long-term, the pair has broken resistance at 0.9448 suggesting the end of the downtrend. This reinstates the bullish trend. Key support can be found 0.8986 (30/01/2015 low).

USD/CAD

Breaking resistance at 1.3080.

• USD/CAD's momentum has shifted to positive as hourly resistance at 1.3080 (13/10/2015 low) has been broken. Hourly support is given at 1.2832 (15/10/2015 low). Expected consolidation of the pair.

• In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) has indicated increasing buying pressures, which favours further medium-term strengthening. Support can be found at 1.1731 (06/01/2015 low).

AUD/USD

Moving lower.

• AUD/USD keeps on declining. The very shortterm technical structure is negative. A break of the hourly resistance at 0.7382 (12/10/2015 high) is necessary to reverse the current short-term trend. Hourly support lies at 0.6893 (04/09/2015 low). Expected to show continued weakness.

• In the long-term, there is no sign to suggest the end of the current downtrend. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view. In addition, we still note that the pair remains well below the 200-dma which confirms selling pressures.

GBP/JPY

Fading momentum.

• GBP/JPY is shifting towards a consolidating move. Hourly support can be found at 180.24 (04/09/2015 low). There is no clear mid-term momentum but the short-term technical structure suggests an upside momentum. Expected to show the end of this short-term bullish move.

• In the long-term, the lack of any medium-term bearish reversal pattern favours a bullish bias. The successful test of the strong support at 175.51 (03/02/2015 low) signals persistent buying interest. Key resistances stand at 197.45 (26/09/2008 high). A major support area can be found between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low).

EUR/JPY

Moving sideways.

• EUR/JPY is now back on the 38.2% Fibonacci retracement. Hourly resistance is located at 137.45 (17/09/2015 high) and hourly support lies at 132.23 (04/09/2015 low). Expected strengthening of the pair.

• In the longer term, the break of the support at 130.15 validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

EUR/GBP

Weakening.

• EUR/GBP has previously failed to erase hourly support at 0.7302 (25/09/2015 low) but is now ready to monitor again the support. Nonetheless the mid-term technical structure (4-months horizon) indicates a likely target of the hourly resistance at 0.7493 (13/10/2015 high).

• In the long-term, prices are in an underlying declining trend. The general oversold conditions suggest a limited medium-term downside potential. A key resistance lies at 0.7592 (03/02/2015 high).

EUR/CHF

Short-term bullish.

• EUR/CHF is pushing higher. Hourly resistance can be found at 1.0982 (25/08/2015 high). Expected bounce of the pair at 1.0900.

• The EUR/CHF is digesting its 15 January sharp decline. A key resistance stands at 1.1002 (02/09/2011 low). The ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

GOLD

Long-term bearish.

• Gold has consolidated lower but the shortterm technical structure is still positive. Hourly resistance is given at 1205 (18/06/2015 high). Hourly support can be found at 1093 (12/08/2015 low).

• In the long-term, the underlying downtrend (see declining channel) continues to favour a bearish bias. Although the key support at 1132 (07/11/2014 low) has been broken, a break of the resistance at 1223 is needed to suggest something more than a temporary rebound. A major support can be found at 1045 (05/02/2010 low).

SILVER (in USD)

Short-term downside momentum is growing.

• Silver has declined. The pair has failed to gain enough traction to target resistance at 16.46 (18/06/2015 high). Hourly support is given at 15.40 (08/10/2015 low). Expected to show continued consolidation before pushing higher.

• In the long-term, the break of the major support area between 18.64 (30/05/2014 low) and 18.22 (28/06/2013 low) confirms an underlying downtrend. The strong support at 14.66 (05/02/2010 low) has been broken and prices have then consolidated. A key resistance stands at 18.89 (16/09/2014 high).

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