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EUR/USD
The pair started to re-attack the psychological level of 1.2500 as seen on the provided daily chart. Stability below 23.6% Fibonacci in addition to the negativity on Stochastic suggests further downside actions over intraday basis. Now, a break below 1.2460 will bring aggressive downside actions.
The trading range for today is among key support at 1.2310 and key resistance at 1.2750.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.
Support 1.2460 1.2420 1.2360 1.2310 1.2285
Resistance 1.2520 1.2550 1.2575 1.2630 1.2685
Recommendation Based on the charts and explanations above our opinion is, selling the pair around 1.2550 targeting 1.2310 and stop loss above 1.2700 might be appropriate.
GBP/USD
After approaching the detected entry point around 1.5630, the pair started to move sharply downwards as seen on the provided daily chart. The negativity on Stochastic becomes clearer and thus, we keep our morning scenario intact for the rest of the day. Finally, a break below 1.5510 will accelerate declines.
The trading range for today is among key support at 1.5310 and key resistance at 1.5820.
The general trend over short term basis is to the downside targeting 1.4225 as far as areas of 1.6875 remain intact.
Support 1.5510 1.5460 1.5420 1.5360 1.5310
Resistance 1.5600 1.5630 1.5680 1.5730 1.5780
Recommendation Our morning expectations remain valid.
USD/JPY
The pair is currently moving higher after touching our defined entry point at 79.60 during the previous session. We keep our morning bullish outlook intact for the rest of the day supported by the upside channel. A break above 80.00 zones will confirm and accelerate the move.
The trading range for today is among key support at 78.60 and key resistance now at 80.75.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
Support 79.60 79.25 79.00 78.80 78.60
Resistance 79.80 80.10 80.30 80.50 80.75
Recommendation Our morning expectations remain valid.
USD/CHF
Trading above 0.9600 areas threatens our proposed scenarios, where it might cause the crossover on the Linear Regression Indicators 34 and 55 positively and push the pair into a new upside wave. Assessing Stochastic, we can see the possibility of failing to hold above 0.9600 since the indicator shows overbought signs. Therefore, we hold onto our morning expectations and keep into consideration that the breach of 0.9680 will support the upside wave.
The trading range for today is among key support at 9405and key resistance at 9825.
The general trend over short term basis is to the upside targeting 0.9950 as far as areas of 0.8850 remains intact.
Support 0.9600 0.9575 0.9550 0.9490 0.9450
Resistance 0.9635 0.9680 0.9700 0.9750 0.9780
Recommendation Our morning expectations remain valid and if the stop loss was triggered our opinion is buying the pair above 0.9680 targeting 0.9750 then 0.9825 and stop loss with four-hour closing below 0.9600 might be appropriate
USD/CAD
The stability above 1.0125 prevented the pair from more downside movement and we can also see the pair trading higher. Stability below the suggested B trough of the harmonic pattern shown above makes us hold onto the morning suggested scenario. The Linear Regression indicators remain negative and support the harmonic outlook presented.
The trading range for today is among key support at 0.9935 and key resistance at 1.0290.
The short term trend is expected to the downside with daily closing below 1.0520 targeting areas of 0.9870.
Support 1.0125 1.0100 1.0045 1.0000 0.9970
Resistance 1.0145 1.0180 1.0200 1.0240 1.0280
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.0140 targeting 1.0100, 1.0045 then 1.0000 and stop loss with four-hour closing above 1.0200 might be appropriate
AUD/USD
The 1.0250 support proved its strength and we can see the pair trending higher attempting to complete the harmonic formation provided on the chart. Stochastic is biased positively and that further supports the possibility for the pair to resume the upside move. Stability above 1.0220 is essential over intraday basis to support the positive outlook.
The trading range for today is expected among the key support at 1.0095 and resistance at 1.0420.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
Support 1.0250 1.0220 1.0180 1.0130 1.0095
Resistance 1.0285 1.0310 1.0370 1.0420 1.0480
Recommendation Our morning expectations remain valid
NZD/USD
The pair once again is ignoring the overbought signs on Stochastic and moving to the upside from areas around the main previously breached resistance. This is accompanied as well by stability above the second harmonic target at 0.7985. Therefore, we expect the pair to continue the upside move for the rest of the day especially as the Linear Regression Indicators are positive.
The trading range for today is expected among the key support at 0.7885 and resistance at 0.8220.
The short term trend is to the downside targeting 0.7365 with steady daily closing below 0.8100.
Support 0.8015 0.7985 0.7950 0.7905 0.7885
Resistance 0.8040 0.8080 0.8100 0.8135 0.8160
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8015 targeting 0.8135 then 0.8220 and stop loss below 0.7905 might be appropriate
The pair started to re-attack the psychological level of 1.2500 as seen on the provided daily chart. Stability below 23.6% Fibonacci in addition to the negativity on Stochastic suggests further downside actions over intraday basis. Now, a break below 1.2460 will bring aggressive downside actions.
The trading range for today is among key support at 1.2310 and key resistance at 1.2750.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.
Support 1.2460 1.2420 1.2360 1.2310 1.2285
Resistance 1.2520 1.2550 1.2575 1.2630 1.2685
Recommendation Based on the charts and explanations above our opinion is, selling the pair around 1.2550 targeting 1.2310 and stop loss above 1.2700 might be appropriate.
GBP/USD
After approaching the detected entry point around 1.5630, the pair started to move sharply downwards as seen on the provided daily chart. The negativity on Stochastic becomes clearer and thus, we keep our morning scenario intact for the rest of the day. Finally, a break below 1.5510 will accelerate declines.
The trading range for today is among key support at 1.5310 and key resistance at 1.5820.
The general trend over short term basis is to the downside targeting 1.4225 as far as areas of 1.6875 remain intact.
Support 1.5510 1.5460 1.5420 1.5360 1.5310
Resistance 1.5600 1.5630 1.5680 1.5730 1.5780
Recommendation Our morning expectations remain valid.
USD/JPY
The pair is currently moving higher after touching our defined entry point at 79.60 during the previous session. We keep our morning bullish outlook intact for the rest of the day supported by the upside channel. A break above 80.00 zones will confirm and accelerate the move.
The trading range for today is among key support at 78.60 and key resistance now at 80.75.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
Support 79.60 79.25 79.00 78.80 78.60
Resistance 79.80 80.10 80.30 80.50 80.75
Recommendation Our morning expectations remain valid.
USD/CHF
Trading above 0.9600 areas threatens our proposed scenarios, where it might cause the crossover on the Linear Regression Indicators 34 and 55 positively and push the pair into a new upside wave. Assessing Stochastic, we can see the possibility of failing to hold above 0.9600 since the indicator shows overbought signs. Therefore, we hold onto our morning expectations and keep into consideration that the breach of 0.9680 will support the upside wave.
The trading range for today is among key support at 9405and key resistance at 9825.
The general trend over short term basis is to the upside targeting 0.9950 as far as areas of 0.8850 remains intact.
Support 0.9600 0.9575 0.9550 0.9490 0.9450
Resistance 0.9635 0.9680 0.9700 0.9750 0.9780
Recommendation Our morning expectations remain valid and if the stop loss was triggered our opinion is buying the pair above 0.9680 targeting 0.9750 then 0.9825 and stop loss with four-hour closing below 0.9600 might be appropriate
USD/CAD
The stability above 1.0125 prevented the pair from more downside movement and we can also see the pair trading higher. Stability below the suggested B trough of the harmonic pattern shown above makes us hold onto the morning suggested scenario. The Linear Regression indicators remain negative and support the harmonic outlook presented.
The trading range for today is among key support at 0.9935 and key resistance at 1.0290.
The short term trend is expected to the downside with daily closing below 1.0520 targeting areas of 0.9870.
Support 1.0125 1.0100 1.0045 1.0000 0.9970
Resistance 1.0145 1.0180 1.0200 1.0240 1.0280
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.0140 targeting 1.0100, 1.0045 then 1.0000 and stop loss with four-hour closing above 1.0200 might be appropriate
AUD/USD
The 1.0250 support proved its strength and we can see the pair trending higher attempting to complete the harmonic formation provided on the chart. Stochastic is biased positively and that further supports the possibility for the pair to resume the upside move. Stability above 1.0220 is essential over intraday basis to support the positive outlook.
The trading range for today is expected among the key support at 1.0095 and resistance at 1.0420.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
Support 1.0250 1.0220 1.0180 1.0130 1.0095
Resistance 1.0285 1.0310 1.0370 1.0420 1.0480
Recommendation Our morning expectations remain valid
NZD/USD
The pair once again is ignoring the overbought signs on Stochastic and moving to the upside from areas around the main previously breached resistance. This is accompanied as well by stability above the second harmonic target at 0.7985. Therefore, we expect the pair to continue the upside move for the rest of the day especially as the Linear Regression Indicators are positive.
The trading range for today is expected among the key support at 0.7885 and resistance at 0.8220.
The short term trend is to the downside targeting 0.7365 with steady daily closing below 0.8100.
Support 0.8015 0.7985 0.7950 0.7905 0.7885
Resistance 0.8040 0.8080 0.8100 0.8135 0.8160
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8015 targeting 0.8135 then 0.8220 and stop loss below 0.7905 might be appropriate
