EUR/USD Current price: 1.3974
Slightly Bullish Hourly Sentiment is currently seen as Price finds Appreciation and Dynamic Support from the 20SMA despite being in an Accumulation Range between Daily Static Support at 1.3910 Daily Pivot and Daily Dynamic Resistance at 1.3979. Continuation sees the 1.4021 Resistance Level, as the potential for a 20SMA/200SMA Bullish Cross is high at this point to provide additional buoyancy. Further Appreciation will see the 1.4089 Resistance, as Price Negates the previous Downleg in favor of a “V” IntraDay Reversal as long as Price can break the tight Accumulation we are currently seeing. Failure will see the 1.3842 Daily Static Support followed by 1.3800 to 1.3736 where if Seen, an Hourly Bear Flag will be In Place which will see Full theoretical Completion at the 1.3560’s Area in the Near-Term.
Support levels: 1.3910 1.3842 1.3800 1.3766 1.3734
Resistance levels: 1.3979 1.4021 1.4052 1.4089 1.4133
GBP/USD Current Price: 1.6427
Slight Bullish Sentiment is Seen as Price attempts to Break the Immediate-Term Accumulation for 1.6467 Daily Static Resistance. RSI Readings and Slope provide Confirmation at “59”, as Price looks ahead to 1.6529 Static and 1.6567 Dynamic Resistance Areas, as a potential Hourly Double-Top at the 1.6620’s may be In Place if the Area is Seen and Held. Failure to breach the Accumulation Congestion Zone at 1.6529 sees potential Depreciation to 1.6367 Daily Pivot, followed by 1.6267 Static Support. The 1.6205 Support followed by 1.6175 will Negate the potential of a Hourly 20SMA/200SMA Bullish Cross as Further Depreciation sees 1.6105 bring Price into Oversold Conditions in the Near-Term.
Support levels: 1.6367 1.6205 1.6175 1.6105 1.6044
Resistance levels: 1.6467 1.6529 1.6567 1.6629
USD/JPY Current Price: 95.96
Neutral Sentiment is seen with Price generally locked in the 95.52 Daily Static Support and 96.00 Daily Pivot Resistance Hourly Range. The 20SMA is looking to provide Dynamic Support, as Price looks ahead to 96.48 and the 96.78 Daily Static Resistance Levels. The Hourly 20SMA/200SMA Bearish Cross is providing Pressure to the Unit, and Price Failure at 97.26 Resistance/97.52 200SMA sees RSI Readings and Slope return out of Overbought Conditions at this Level. Failure to Clear 96.78 sees Downside-Risk through 95.52 Basing Support, and onto and 95.22 and 94.75 Static Support in the Near-Term.
Support levels: 95.64 95.52 95.22 94.75 94.43
Resistance levels: 96.01 96.48 96.78 97.26 97.52
USD/CHF: Current Price: 1.0804
Neutral Hourly Consolidation is Leading to Bearish Sentiment, as Price is Support at the Static 1.0766 Level with a 20SMA/200SMA Bearish Cross in Full-Form.
Continuation sees Depreciation through Daily Dynamic Support at 1.0728 through to the Dynamic Support Basing-Area of 1.0698 for a potential Hourly Double-Bottom Pattern from the June 12th Lows. A Bounce off of the 1.0766 Support sees Clearance through the Daily Pivot level at 1.0828 Confluence with the Hourly 200SMA, and will Negate the Bearish Cross as Price has 1.0859 Dynamic and 1.0890 Static Resistance Level In Sight. Further Appreciation sees a potential Hourly Double-Top through 1.0928 Resistance to the 1.0950’s Highs if the Area is Seen and Maintained. Bullish Sentiment is in Clear Return if the Area is Breached with Significance in the Near-Term.
Support levels: 1.0766 1.0728 1.0698 1.0667 1.0630
Resistance levels: 1.0827 1.0859 1.0890 1.0928 1.0955
