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EUR/USD
The pair maintains the bearish bias, pushing towards the ascending support of the recent short term rally. However, at the current level we prefer to remain on the sidelines and monitor price action around the ascending support near 1.2220.
The trading range for today is among key support at 1.2160 and key resistance at 1.2400.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.
Support 1.2255 1.2220 1.2170 1.2135 1.2100
Resistance 1.2360 1.2400 1.2440 1.2460 1.2500
Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.
GBP/USD
Sterling tested the 50-days SMA, however trading remains within the middle of the range bound. Thus we maintain our neutral outlook for pair today. A waiting a clear break of the current consolidation.
The trading range for today is among key support at 1.5460 and key resistance at 1.5780.
The general trend over short term basis is to the downside targeting 1.4225 as far as areas of 1.6875 remain intact.
Support 1.5600 1.5580 1.5555 1.5510 1.5460
Resistance 1.5680 1.5700 1.5730 1.5780 1.5820
Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.
USD/JPY
The pair continues to trade within a very tight range, above the key support at 77.70-75. In general, our morning scenario remains valid for the rest of the day, where we look for an upside rebound from the current levels.
The trading range for today is among key support at 77.60 and key resistance now at 79.55.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
Support 78.20 77.95 77.60 77.30 77.00
Resistance 78.80 79.00 79.25 79.55 79.80
Recommendation Based on the charts and explanations above our opinion is, buying the pair around 78.30 targeting 79.90 and stop loss below 77.60 might be appropriate.
USD/CHF
The pair based on 0.9775 and trading above it and accordingly the return of the upside move is higher now. At the same time, we need more confirmation that the pair settled for the second target of the pattern at 0.9655 and the negative Head and Shoulders pattern. Therefore, we will stay neutral for the rest of the day awaiting more confirmations.
The trading range for today is among key support at 0.9570 and key resistance at 0.9850.
The general trend over short term basis is to the upside targeting 1.0420 as far as areas of 0.9400 remains intact.
Support 0.9775 0.9720 0.9700 0.9655 0.9610
Resistance 0.9800 0.9835 0.9880 0.9900 0.9950
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
USD/CAD
The upside attempts remain limited below 0.9935 and that means the stability below the breached support that turned into resistance, and stability below 78.6% correction shown above. Therefore, the downside tendency remains valid and it is important for the pair to stabilize below the Linear Regression Indicators to support our expectations.
The trading range for today is among key support at 0.9750 and key resistance at 1.0125.
The short term trend is expected to the downside with daily closing below 1.0520 targeting areas of 0.9870.
Support 0.9900 0.9870 0.9825 0.9800 0.9750
Resistance 0.9935 0.9970 1.0000 1.0045 1.0095
Recommendation Our morning expectations remain valid
AUD/USD
The downside momentum is lower and that is ideal amid trading within the ascending channel as shown above. Nevertheless, current trading is still stable below the Linear Regression Indicators and momentum indicators and biased negatively. Therefore, we prefer to remain neutral over intraday basis despite our general positive outlook.
The trading range for today is expected among the key support at 1.0440 and resistance at 1.0710.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
Support 1.0510 1.0475 1.0440 1.0380 1.0330
Resistance 1.0560 1.0585 1.0615 1.0655 1.0710
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
NZD/USD
The pair settled above 0.8080 which is considered positive for the pair, especially as Stochastic and RSI are near oversold areas. The upside move requires stability above 0.8040 for today and that gives an appropriate risk to reward ratio and accordingly we expect a bullish move for the rest of the day.
The trading range for today is expected among the key support at 0.7960 and resistance at 0.8255.
The short term trend is to the upside targeting 0.8400 with steady daily closing above 0.7930.
Support 0.8080 0.8040 0.8015 0.7985 0.7960
Resistance 0.8135 0.8170 0.8200 0.8255 0.8320
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8080 targeting 0.8185 then 0.8255 and stop loss with four-hour closing below 0.8040 might be appropriate
The pair maintains the bearish bias, pushing towards the ascending support of the recent short term rally. However, at the current level we prefer to remain on the sidelines and monitor price action around the ascending support near 1.2220.
The trading range for today is among key support at 1.2160 and key resistance at 1.2400.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.
Support 1.2255 1.2220 1.2170 1.2135 1.2100
Resistance 1.2360 1.2400 1.2440 1.2460 1.2500
Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.
GBP/USD
Sterling tested the 50-days SMA, however trading remains within the middle of the range bound. Thus we maintain our neutral outlook for pair today. A waiting a clear break of the current consolidation.
The trading range for today is among key support at 1.5460 and key resistance at 1.5780.
The general trend over short term basis is to the downside targeting 1.4225 as far as areas of 1.6875 remain intact.
Support 1.5600 1.5580 1.5555 1.5510 1.5460
Resistance 1.5680 1.5700 1.5730 1.5780 1.5820
Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.
USD/JPY
The pair continues to trade within a very tight range, above the key support at 77.70-75. In general, our morning scenario remains valid for the rest of the day, where we look for an upside rebound from the current levels.
The trading range for today is among key support at 77.60 and key resistance now at 79.55.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
Support 78.20 77.95 77.60 77.30 77.00
Resistance 78.80 79.00 79.25 79.55 79.80
Recommendation Based on the charts and explanations above our opinion is, buying the pair around 78.30 targeting 79.90 and stop loss below 77.60 might be appropriate.
USD/CHF
The pair based on 0.9775 and trading above it and accordingly the return of the upside move is higher now. At the same time, we need more confirmation that the pair settled for the second target of the pattern at 0.9655 and the negative Head and Shoulders pattern. Therefore, we will stay neutral for the rest of the day awaiting more confirmations.
The trading range for today is among key support at 0.9570 and key resistance at 0.9850.
The general trend over short term basis is to the upside targeting 1.0420 as far as areas of 0.9400 remains intact.
Support 0.9775 0.9720 0.9700 0.9655 0.9610
Resistance 0.9800 0.9835 0.9880 0.9900 0.9950
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
USD/CAD
The upside attempts remain limited below 0.9935 and that means the stability below the breached support that turned into resistance, and stability below 78.6% correction shown above. Therefore, the downside tendency remains valid and it is important for the pair to stabilize below the Linear Regression Indicators to support our expectations.
The trading range for today is among key support at 0.9750 and key resistance at 1.0125.
The short term trend is expected to the downside with daily closing below 1.0520 targeting areas of 0.9870.
Support 0.9900 0.9870 0.9825 0.9800 0.9750
Resistance 0.9935 0.9970 1.0000 1.0045 1.0095
Recommendation Our morning expectations remain valid
AUD/USD
The downside momentum is lower and that is ideal amid trading within the ascending channel as shown above. Nevertheless, current trading is still stable below the Linear Regression Indicators and momentum indicators and biased negatively. Therefore, we prefer to remain neutral over intraday basis despite our general positive outlook.
The trading range for today is expected among the key support at 1.0440 and resistance at 1.0710.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.
Support 1.0510 1.0475 1.0440 1.0380 1.0330
Resistance 1.0560 1.0585 1.0615 1.0655 1.0710
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
NZD/USD
The pair settled above 0.8080 which is considered positive for the pair, especially as Stochastic and RSI are near oversold areas. The upside move requires stability above 0.8040 for today and that gives an appropriate risk to reward ratio and accordingly we expect a bullish move for the rest of the day.
The trading range for today is expected among the key support at 0.7960 and resistance at 0.8255.
The short term trend is to the upside targeting 0.8400 with steady daily closing above 0.7930.
Support 0.8080 0.8040 0.8015 0.7985 0.7960
Resistance 0.8135 0.8170 0.8200 0.8255 0.8320
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8080 targeting 0.8185 then 0.8255 and stop loss with four-hour closing below 0.8040 might be appropriate
