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EUR/USD
The pair settled for 127.2% Fibonacci 1.3305 levels shown on the graph, representing our first target yesterday and turned lower again. The downside move remains limited above 1.3165 which makes us think that the affect of the upside move didn’t end, and expect new attempts to the upside as far as 1.3125 remains intact.
The trading range for today is among the key support at 1.3000 and key resistance at 1.3390.
The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.
Support 1.3265 1.3235 1.3185 1.3155 1.3120
Resistance 1.3305 1.3360 1.3390 1.3430 1.3480
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3165 targeting 1.3235, 1.3265 then 1.3305 and stop-loss with four-hour closing below 1.3100 might be appropriate
GBP/USD
The pair touched the resistance levels at 1.6130 and declined once again. The Linear Regression Indicators are still positive and accordingly we expect a new attempt to the upside. The aforementioned attempts will be stronger by breaching 1.6310 levels and stabilizing above it. Breaching 1.6125 levels weakens the positive expectations.
The trading range for today is among key support at 1.6065 and key resistance at 1.6380.
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6235 1.6210 1.6160 1.6125 1.6100
Resistance 1.6285 1.6310 1.6350 1.6380 1.6450
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 1.6235 targeting 1.6285, 1.6350 then 1.6380 and stop-loss with four-hour closing below 1.6160 might be appropriate
USD/JPY
The pair dropped again and is trading below 84.10 levels which bring back the possibility of a downside correction. The possible correction is related to stability below 84.95 levels and Momentum Indicators are biased negatively supporting our expectations.
The trading range for today is among key support at 82.25 and key resistance at 85.10.
The general trend over short term basis is to the upside targeting 75.20 as far as areas of 87.45 remain intact.
Support 84.10 83.65 83.55 83.35 83.00
Resistance 84.35 84.95 85.10 85.20 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 rose and is trading now above 0.9135 but is still limited below Linear Regression Indicator 34 and below 113% level shown on the graph at 0.9175 levels. Therefore, we hold on to our negative expectations that require intraday stability below 0.9215 levels.
The trading range for today is among key support at 0.9030 and key resistance at 0.9280.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9105 0.9080 0.9030 0.9000 0.8980
Resistance 0.9130 0.9150 0.9170 0.9200 0.9220
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9170 targeting 0.9130, 0.9080 then 0.9030 and stop-loss with four-hour closing above 0.9250 might be appropriate
USD /CAD
The pair rose breaching key resistance of the downside wave and Linear Regression Indicators are positive. Nevertheless, the pair is still stable below 50% correction of CD Leg of the bearish Butterfly Harmonic Pattern at 0.9895 and 0.9935; therefore we prefer to remain neutral especially that Stochastic offers overbought signals that hinder the current bullish wave.
The trading range for today is among key support at 0.9700 and key resistance at 0.9935.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9865 0.9825 0.9800 0.9770 0.9735
Resistance 0.9895 0.9935 0.9950 0.9990 1.0000
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
AUD/USD
The pair dropped as expected affected by the double harmonic technical formation as shown on the graph, we find it now back to the upside after touching the second target of AB=CD Harmonic Pattern and the first target of the bearish Butterfly Harmonic Pattern. Although the pair breached they key ascending support level as shown, Stochastic is showing positive signals; therefore, we prefer to stay aside in the European Session waiting for confirmation signals.
The trading range for today is among key support at 1.0370 and key resistance at 1.0565.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0480 1.0455 1.0430 1.0400 1.0370
Resistance 1.0505 1.0530 1.0565 1.0585 1.0600
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
NZD/USD
The pair dropped to levels close to 0.8355, although the pair didn’t stabilize below that level but we need to confirm that the negative pressure is over and will return back to the upside. Therefore, we remain neutral waiting for confirmation signals.
The trading range for today might be among key support at 0.8305 and key resistance at 0.8540.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support 0.8395 0.8355 0.8305 0.8285 0.8230
Resistance 0.8410 0.8440 0.8470 0.8485 0.8500
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
The pair settled for 127.2% Fibonacci 1.3305 levels shown on the graph, representing our first target yesterday and turned lower again. The downside move remains limited above 1.3165 which makes us think that the affect of the upside move didn’t end, and expect new attempts to the upside as far as 1.3125 remains intact.
The trading range for today is among the key support at 1.3000 and key resistance at 1.3390.
The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.
Support 1.3265 1.3235 1.3185 1.3155 1.3120
Resistance 1.3305 1.3360 1.3390 1.3430 1.3480
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3165 targeting 1.3235, 1.3265 then 1.3305 and stop-loss with four-hour closing below 1.3100 might be appropriate
GBP/USD
The pair touched the resistance levels at 1.6130 and declined once again. The Linear Regression Indicators are still positive and accordingly we expect a new attempt to the upside. The aforementioned attempts will be stronger by breaching 1.6310 levels and stabilizing above it. Breaching 1.6125 levels weakens the positive expectations.
The trading range for today is among key support at 1.6065 and key resistance at 1.6380.
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6235 1.6210 1.6160 1.6125 1.6100
Resistance 1.6285 1.6310 1.6350 1.6380 1.6450
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 1.6235 targeting 1.6285, 1.6350 then 1.6380 and stop-loss with four-hour closing below 1.6160 might be appropriate
USD/JPY
The pair dropped again and is trading below 84.10 levels which bring back the possibility of a downside correction. The possible correction is related to stability below 84.95 levels and Momentum Indicators are biased negatively supporting our expectations.
The trading range for today is among key support at 82.25 and key resistance at 85.10.
The general trend over short term basis is to the upside targeting 75.20 as far as areas of 87.45 remain intact.
Support 84.10 83.65 83.55 83.35 83.00
Resistance 84.35 84.95 85.10 85.20 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 rose and is trading now above 0.9135 but is still limited below Linear Regression Indicator 34 and below 113% level shown on the graph at 0.9175 levels. Therefore, we hold on to our negative expectations that require intraday stability below 0.9215 levels.
The trading range for today is among key support at 0.9030 and key resistance at 0.9280.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9105 0.9080 0.9030 0.9000 0.8980
Resistance 0.9130 0.9150 0.9170 0.9200 0.9220
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9170 targeting 0.9130, 0.9080 then 0.9030 and stop-loss with four-hour closing above 0.9250 might be appropriate
USD /CAD
The pair rose breaching key resistance of the downside wave and Linear Regression Indicators are positive. Nevertheless, the pair is still stable below 50% correction of CD Leg of the bearish Butterfly Harmonic Pattern at 0.9895 and 0.9935; therefore we prefer to remain neutral especially that Stochastic offers overbought signals that hinder the current bullish wave.
The trading range for today is among key support at 0.9700 and key resistance at 0.9935.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9865 0.9825 0.9800 0.9770 0.9735
Resistance 0.9895 0.9935 0.9950 0.9990 1.0000
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
AUD/USD
The pair dropped as expected affected by the double harmonic technical formation as shown on the graph, we find it now back to the upside after touching the second target of AB=CD Harmonic Pattern and the first target of the bearish Butterfly Harmonic Pattern. Although the pair breached they key ascending support level as shown, Stochastic is showing positive signals; therefore, we prefer to stay aside in the European Session waiting for confirmation signals.
The trading range for today is among key support at 1.0370 and key resistance at 1.0565.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0480 1.0455 1.0430 1.0400 1.0370
Resistance 1.0505 1.0530 1.0565 1.0585 1.0600
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
NZD/USD
The pair dropped to levels close to 0.8355, although the pair didn’t stabilize below that level but we need to confirm that the negative pressure is over and will return back to the upside. Therefore, we remain neutral waiting for confirmation signals.
The trading range for today might be among key support at 0.8305 and key resistance at 0.8540.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support 0.8395 0.8355 0.8305 0.8285 0.8230
Resistance 0.8410 0.8440 0.8470 0.8485 0.8500
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
