EUR/USD
EUR
The pair traded this week with downside tendency but stable now around 50% correction levels at 1.2895 and above Linear Regression Indicators 55 which may trigger an upside correction. Stochastic shows oversold signals supporting the correction mentioned earlier; nevertheless, tr ading below 1.3015 will support the extension of the downside move in the coming period.

The trading range for this week is among key support at 1.2715 and key resistance at 1.3165.

The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remain intact.

Support 1.2840 1.2800 1.2760 1.2715 1.2660
Resistance 1.2950 1.2975 1.3015 1.3080 1.3125
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.2950 targeting 1.2895, 1.2840 then 1.2760 and stop-loss with four-hour closing above 1.3015 might be appropriate this week

GBP/USD
GBP
The pair returned to trade below key resistance level of the bearish correctional move shown on the chart which might cause a new downside wave. The suggested wave might retest levels close to 1.5910; breaching correction 38.2% and stability below it is required to extend the bearish move. Failure to breach the mentioned areas might cause a strong upside move. Our expectations are negative this week, but if the pair fails to breach 1.5910 we will turn positive.

The trading range for this week is among key support at 1.5790 and key resistance at 1.6310.

The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remain intact.

Support 1.6000 1.5975 1.5910 1.5880 1.5820
Resistance 1.6065 1.6100 1.6115 1.6145 1.6165
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 1.6035 targeting 1.6000, 1.5975 then 1.5910 and stop-loss with four-hour closing above 1.6070 might be appropriate this week

USD/JPY
JPY
The pair’s trading remained limited below 82.65 levels with four-hour closing as shown on the chart. The possibility of a bearish move remains valid with stability below 83.35 as the pair might be forming a harmonic formation. RSI is trading negatively and Stochastic provided a negative crossover close to 70 levels supporting the negative outlook.

The trading range for this week is among key support at 79.80 and key resistance at 84.15.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860 .

Support 82.25 82.00 81.60 81.00 80.65
Resistance 82.65 82.80 83.00 83.35 83.55
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 82.40 targeting 82.00, 81.60 then 80.65 and stop-loss with four-hour closing above 83.35 might be appropriate this week

USD/CHF
CHF
The pair stabilized above Linear Regression Indicators but still trading negatively; Stochastic is also showing overbought signals. Therefore, we remain neutral in our weekly report, especially that breaching the Linear Regression Indicators was seen with a bearish opening gap. Areas of 0.9305 and 0.9280 levels are the most important support levels, while 0.9435 is the closest resistance levels over weekly basis.

The trading range for this week is among key support at 0.9240 and key resistance at 0.9505.

The general trend over short term basis is to the downside at levels 0.9775 targeting 0.8860.

Support 0.9345 0.9305 0.9280 0.9240 0.9200
Resistance 0.9375 0.9435 0.9485 0.9505 0.9570
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9305 targeting 0.9345, 0.9375 then 0.9405 and stop-loss with four-hour closing below 0.9240 might be appropriate

USD /CAD
CAD
The pair dropped reaching close to the second target of the bearish Harmonic Butterfly Pattern at 0.9855 levels. Stochastic is showing oversold signals as the harmonic technical analysis shows that the second target at 0.9855 represents an interval between the possible extension of the targets or settling for the downside move. Therefore, we remain neutral in our weekly report waiting for new confirmation signals.

The trading range for this week is among key support at 0.9735 and key resistance at 1.0040.

The general trend over short term basis is to the downside at levels 1.0125 targeting 0.9400.

Support 0.9855 0.9825 0.9800 0.9770 0.9735
Resistance 0.9900 0.9935 0.9950 0.9980 1.0000
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move

AUD/USD
AUD
The pair is trading between Linear Regression Indicators 34 and 55 as shown on the chart. Stochastic is showing negative signals alongside the negative bias on the Linear Regression Indicator 34. Nevertheless, the possibility of forming a double harmonic formation remains valid by undergoing an upside move reaching around 1.0565 levels. The bullishness and the activation of the technical harmonic pattern depends on stability above 1.0390.

The trading range for this week is among key support at 1.0260 and key resistance at 1.0645.

The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.

Support 1.0450 1.0430 1.0410 1.0390 1.0370
Resistance 1.0505 1.0530 1.0565 1.0585 1.0615
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.0450 targeting 1.0505, 1.0530 then 1.0560 and stop-loss with four-hour closing below 1.0390 might be appropriate this week

NZD/USD
NZD
The positive technical conditions prevail with stability above key resistance levels of the downside correction, we might see new attempts to breach 0.8355 which might trigger another upside move. Stochastic offers overbought signals which might cause significant fluctuation, yet trading above 0.8285 is considered positive.

The trading range for this week is among key support at 0.8135 and key resistance at 0.8535 .

The general trend over short term basis is to the upside above 0.7930 targeting 0.8400.

Support 0.8305 0.8270 0.8255 0.8230 0.8205
Resistance 0.8355 0.8385 0.8415 0.8470 0.8535
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8305 targeting 0.8355, 0.8415 and stop-loss with four-hour closing below 0.8255 might be appropriate this week