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EUR/USD
The pair is stable close to key resistance level at 1.3095, and over four-hour basis the pair is trading within in a technical formation that requires a breach of 1.3070 levels then stability below 1.3040 levels to support the downside move. On the other hand, breaching 1.3105 signals bullishness, but Stochastic favors the possibility of breaching the support level to enter a bearish correction.
The trading range for today is among the key support at 1.2905 and key resistance at 1.3235 .
The general trend over short term basis is negative targeting 1.1865 a s far as areas of 1.3550 remains intact.
Support 1.3070 1.3040 1.3015 1.3000 1.2975
Resistance 1.3105 1.3125 1.3165 1.3200 1.3235
Recommendation Based on the charts and explanations above, our opinion is selling with the breach of 1.3070 targeting 1.3040, 1.3015 then 1.2950 and stop-loss with four-hour closing above 1.3105 might be appropriate.
GBP/USD
The pair is still trading around 1.6125 levels that represent the key for the intraday upside move. Stochastic offers negative signs which require stability above 1.6065 levels to support the upside move . The positive Linear Regression Indicators makes us favor a new attempt to the upside, in addition to stability above key resistance level of the correctional wave shown on the graph.
The trading range for today is among key support at 1.5910 and key resistance at 1.6250 .
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6100 1.6065 1.6035 1.6000 1.5975
Resistance 1.6125 1.6145 1.6165 1.6180 1.6200
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.6100 targeting 1.6165, 1.6225 then 1.6265 and stop-loss with four-hour closing below 1.6035 might be appropriate
USD/JPY
The pair is approaching the previous top and 200% Fibonacci correction shown on the graph. These levels around 84.10 represents the beginning of a price range that extends to 84.95 levels, which may be an obstacle for today and the coming period. Momentum Indicators offer overbought signals, therefore we don’t rule out the downside correction. We should point out that breaching 84.90 levels might cause an upside trend targeting 86.25 levels.
The trading range for today is among key support at 82.25 and key resistance at 84.95 .
The general trend over short term basis is to the upside stable at levels 75.20 targeting 87.45 .
Support 83.65 83.35 83.00 82.65 82.40
Resistance 84.00 84.10 84.35 84.95 85.50
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 84.10 targeting 83.65, 83.35 then 83.00 and stop-loss with four-hour closing above 84.95 might be appropriate.
USD/CHF
The pair touches critical levels around 0.9240 which represents an important barrier for the trend. We don’t want to rush things today so we prefer to observe the pair to see how it will trade at the level mentioned. Therefore, we remain neutral for today.
The trading range for today is among key support at 0.9135 and key resistance at 0.9375.
The general trend over short term basis is to the downside at levels 0.9775 targeting 0.8860.
Support 0.9220 0.9200 0.9180 0.9165 0.9135
Resistance 0.9280 0.9305 0.9325 0.9345 0.9375
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move.
USD/CAD
The pair is trading below 0.9855 levels -the second target of the bearish Harmonic Butterfly Pattern- and stability below this level extends the targets. Stability below 0.9885 levels is a primary condition to extend intraday negativity.
The trading range for today is among key support at 0.9700 and key resistance at 0.9700.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9825 0.9800 0.9770 0.9735 0.9700
Resistance 0.9855 0.9880 0.9900 0.9935 0.9950
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9855 targeting 0.9825, 0.9800 then 0.9735 and stop-loss with four-hour closing above 0.9935 might be appropriate.
AUD/USD
The pair confirmed it’s stability below 1.0565 levels with four-hour closing, which makes us suggest a new attempt to the downside affected by the double harmonic formation shown on the graph. Stochastic is attempting to the upside but stability below Linear Regression Indicators and resistance level referred to makes us expect some negativity.
The trading range for today is among key support at 1.0400 and key resistance at 1.0615.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0530 1.0505 1.0470 1.0450 1.0430
Resistance 1.0565 1.0585 1.0600 1.0615 1.0645
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.0565 targeting 1.0530, 1.0505 then 1.0430 and stop-loss with four-hour closing above 1.0615 might be appropriate.
NZD/USD
The pair is still stable above 0.8435, and despite thin trading it is useful to unload overbought signals on Momentum Indicators. We might see a breach to the previous top around 0.8470 levels toward 0.8540–0.8545. Therefore, we still think that positivity might extend.
The trading range for today is among key support at 0.8305 and key resistance at 0.8540 .
The general trend over short term basis is to the upside above 0.7930 targeting 0.8400.
Support 0.8435 0.8415 0.8400 0.8385 0.8355
Resistance 0.8450 0.8470 0.8500 0.8545 0.8570
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8435 targeting 0.8470, 0.8500 then 0.8545 and stop-loss with four-hour closing below 0.8385 might be appropriate.
The pair is stable close to key resistance level at 1.3095, and over four-hour basis the pair is trading within in a technical formation that requires a breach of 1.3070 levels then stability below 1.3040 levels to support the downside move. On the other hand, breaching 1.3105 signals bullishness, but Stochastic favors the possibility of breaching the support level to enter a bearish correction.
The trading range for today is among the key support at 1.2905 and key resistance at 1.3235 .
The general trend over short term basis is negative targeting 1.1865 a s far as areas of 1.3550 remains intact.
Support 1.3070 1.3040 1.3015 1.3000 1.2975
Resistance 1.3105 1.3125 1.3165 1.3200 1.3235
Recommendation Based on the charts and explanations above, our opinion is selling with the breach of 1.3070 targeting 1.3040, 1.3015 then 1.2950 and stop-loss with four-hour closing above 1.3105 might be appropriate.
GBP/USD
The pair is still trading around 1.6125 levels that represent the key for the intraday upside move. Stochastic offers negative signs which require stability above 1.6065 levels to support the upside move . The positive Linear Regression Indicators makes us favor a new attempt to the upside, in addition to stability above key resistance level of the correctional wave shown on the graph.
The trading range for today is among key support at 1.5910 and key resistance at 1.6250 .
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6100 1.6065 1.6035 1.6000 1.5975
Resistance 1.6125 1.6145 1.6165 1.6180 1.6200
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.6100 targeting 1.6165, 1.6225 then 1.6265 and stop-loss with four-hour closing below 1.6035 might be appropriate
USD/JPY
The pair is approaching the previous top and 200% Fibonacci correction shown on the graph. These levels around 84.10 represents the beginning of a price range that extends to 84.95 levels, which may be an obstacle for today and the coming period. Momentum Indicators offer overbought signals, therefore we don’t rule out the downside correction. We should point out that breaching 84.90 levels might cause an upside trend targeting 86.25 levels.
The trading range for today is among key support at 82.25 and key resistance at 84.95 .
The general trend over short term basis is to the upside stable at levels 75.20 targeting 87.45 .
Support 83.65 83.35 83.00 82.65 82.40
Resistance 84.00 84.10 84.35 84.95 85.50
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 84.10 targeting 83.65, 83.35 then 83.00 and stop-loss with four-hour closing above 84.95 might be appropriate.
USD/CHF
The pair touches critical levels around 0.9240 which represents an important barrier for the trend. We don’t want to rush things today so we prefer to observe the pair to see how it will trade at the level mentioned. Therefore, we remain neutral for today.
The trading range for today is among key support at 0.9135 and key resistance at 0.9375.
The general trend over short term basis is to the downside at levels 0.9775 targeting 0.8860.
Support 0.9220 0.9200 0.9180 0.9165 0.9135
Resistance 0.9280 0.9305 0.9325 0.9345 0.9375
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move.
USD/CAD
The pair is trading below 0.9855 levels -the second target of the bearish Harmonic Butterfly Pattern- and stability below this level extends the targets. Stability below 0.9885 levels is a primary condition to extend intraday negativity.
The trading range for today is among key support at 0.9700 and key resistance at 0.9700.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9825 0.9800 0.9770 0.9735 0.9700
Resistance 0.9855 0.9880 0.9900 0.9935 0.9950
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9855 targeting 0.9825, 0.9800 then 0.9735 and stop-loss with four-hour closing above 0.9935 might be appropriate.
AUD/USD
The pair confirmed it’s stability below 1.0565 levels with four-hour closing, which makes us suggest a new attempt to the downside affected by the double harmonic formation shown on the graph. Stochastic is attempting to the upside but stability below Linear Regression Indicators and resistance level referred to makes us expect some negativity.
The trading range for today is among key support at 1.0400 and key resistance at 1.0615.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0530 1.0505 1.0470 1.0450 1.0430
Resistance 1.0565 1.0585 1.0600 1.0615 1.0645
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.0565 targeting 1.0530, 1.0505 then 1.0430 and stop-loss with four-hour closing above 1.0615 might be appropriate.
NZD/USD
The pair is still stable above 0.8435, and despite thin trading it is useful to unload overbought signals on Momentum Indicators. We might see a breach to the previous top around 0.8470 levels toward 0.8540–0.8545. Therefore, we still think that positivity might extend.
The trading range for today is among key support at 0.8305 and key resistance at 0.8540 .
The general trend over short term basis is to the upside above 0.7930 targeting 0.8400.
Support 0.8435 0.8415 0.8400 0.8385 0.8355
Resistance 0.8450 0.8470 0.8500 0.8545 0.8570
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8435 targeting 0.8470, 0.8500 then 0.8545 and stop-loss with four-hour closing below 0.8385 might be appropriate.
