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EUR/USD
The bearish move stopped yesterday close to support levels at 1.3335 from where the pair rebounded to the upside. This indicates that the pair is still moving to the upside, and Linear Regression Indicators supports this outlook. Volatility and perhaps some correction are likely due to overbought signals as shown on Stochastic.
The trading range for today is among the key support at 1.3235 and key resistance at 1.3480.
The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.
Support 1.3335 1.3310 1.3280 1.3250 1.3235
Resistance 1.3385 1.3405 1.3440 1.3480 1.3500
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3335 targeting 1.3385, 1.3405 then 1.3480 and stop-loss with four-hour closing below 1.3250 might be appropriate
GBP/USD
The pair’s failure yesterday to break 1.6020 levels and psychological barrier at 1.6000 levels is a reason to be optimistic toward the possibility of resuming the upside move. These levels reside around the upside key support levels shown on the graph. Stability above the mentioned levels cancels our response to the negative momentum signals, and we are expecting a bullish move during today’s session. We should point out that breaking 1.5994 levels shown on the graph might cause a strong downside move failing our expectations.
The trading range for today is among key support at 1.5910 and key resistance at 1.6215.
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6065 1.6020 1.6000 1.5975 1.5940
Resistance 1.6100 1.6125 1.6145 1.6185 1.6215
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.6065 targeting 1.6125, 1.6185 then 1.6210 and stop-loss with four-hour closing below 1.5975 might be appropriate
USD/JPY
The bearish correction remains limited above 88.20 levels which is enough to hold on to our positive expectations. Stability above the mentioned level cancels our response to any overbought signals shown on momentum indicators, therefore we still expect the extension of the upside move.
The trading range for today is among key support at 88.20 and key resistance at 90.85.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 89.00 88.80 88.50 88.20 88.00
Resistance 89.30 89.80 90.10 90.50 90.85
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 89.00 targeting 89.80, 90.10 then 90.85 and stop-loss with four-hour closing below 88.20 might be appropriate
USD/CHF
The pair moved sharply higher yesterday proving that the upside harmonic pattern still has more upside targets. Stability above 0.9235 levels makes us think that there are attempts to touch 61.8% correction at 0.9270 levels, a breaching of which will will extend the upside move toward 0.9320 levels at least. Breaking 0.9200 levels reduces positivity.
The trading range for today is among key support at 0.9100 and key resistance at 0.9320.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9235 0.9200 0.9155 0.9135 0.9100
Resistance 0.9270 0.9300 0.9320 0.9350 0.9370
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9235 targeting 0.9270, 0.9320 and stop-loss with four-hour closing below 0.9155 might be appropriate
USD /CAD
Key support levels 0.9820 and 0.9800 proved their strength and Stochastic is attempting to crossover positively. We might see an attempt to the upside and we can bet on the bullishness but a breach of 0.9800 will extend the downside move.
The trading range for today is between the key support at 0.9735 and the key resistance at 0.9965.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9820 0.9800 0.9780 0.9735 0.9700
Resistance 0.9840 0.9875 0.9895 0.9910 0.9965
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.9820 targeting 0.9875, 0.9895 then 0.9965 and stop-loss with four-hour closing below 0.9780 might be appropriate
AUD/USD
The pair’s decline yesterday stopped above 1.0530 levels keeping the possibility of forming the harmonic formation shown on the graph. Linear Regression Indicators are still positive as well, any trading above 1.0495 levels will extend the upside move.
The trading range for today is among key support at 1.0645 and key resistance at 1.0650.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0530 1.0505 1.0480 1.0430 1.0410
Resistance 1.0585 1.0600 1.0615 1.0655 1.0685
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.0530 targeting 1.0585, 1.0615 then 1.0650 and stop-loss with four-hour closing below 1.0480 might be appropriate
NZD/USD
The pair’s thin and volatile trading is stable above Linear Regression Indicators and above 0.8355. This makes us expect a possible extension of the upside move during today’s session. The ascending channel supports our expectations, and a breach of 0.8480 resistance is required to confirm the extension of the upside move.
The trading range for today might be among key support at 0.8310 and key resistance at 0.8565.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support 0.8400 0.8385 0.8355 0.8310 0.8280
Resistance 0.8450 0.8480 0.8500 0.8515 0.8565
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8400 targeting 0.8480, 0.8500 then 0.8515 and stop-loss with four-hour closing below 0.8355 might be appropriate
The bearish move stopped yesterday close to support levels at 1.3335 from where the pair rebounded to the upside. This indicates that the pair is still moving to the upside, and Linear Regression Indicators supports this outlook. Volatility and perhaps some correction are likely due to overbought signals as shown on Stochastic.
The trading range for today is among the key support at 1.3235 and key resistance at 1.3480.
The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.
Support 1.3335 1.3310 1.3280 1.3250 1.3235
Resistance 1.3385 1.3405 1.3440 1.3480 1.3500
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3335 targeting 1.3385, 1.3405 then 1.3480 and stop-loss with four-hour closing below 1.3250 might be appropriate
GBP/USD
The pair’s failure yesterday to break 1.6020 levels and psychological barrier at 1.6000 levels is a reason to be optimistic toward the possibility of resuming the upside move. These levels reside around the upside key support levels shown on the graph. Stability above the mentioned levels cancels our response to the negative momentum signals, and we are expecting a bullish move during today’s session. We should point out that breaking 1.5994 levels shown on the graph might cause a strong downside move failing our expectations.
The trading range for today is among key support at 1.5910 and key resistance at 1.6215.
The general trend over short term basis is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact.
Support 1.6065 1.6020 1.6000 1.5975 1.5940
Resistance 1.6100 1.6125 1.6145 1.6185 1.6215
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.6065 targeting 1.6125, 1.6185 then 1.6210 and stop-loss with four-hour closing below 1.5975 might be appropriate
USD/JPY
The bearish correction remains limited above 88.20 levels which is enough to hold on to our positive expectations. Stability above the mentioned level cancels our response to any overbought signals shown on momentum indicators, therefore we still expect the extension of the upside move.
The trading range for today is among key support at 88.20 and key resistance at 90.85.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 89.00 88.80 88.50 88.20 88.00
Resistance 89.30 89.80 90.10 90.50 90.85
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 89.00 targeting 89.80, 90.10 then 90.85 and stop-loss with four-hour closing below 88.20 might be appropriate
USD/CHF
The pair moved sharply higher yesterday proving that the upside harmonic pattern still has more upside targets. Stability above 0.9235 levels makes us think that there are attempts to touch 61.8% correction at 0.9270 levels, a breaching of which will will extend the upside move toward 0.9320 levels at least. Breaking 0.9200 levels reduces positivity.
The trading range for today is among key support at 0.9100 and key resistance at 0.9320.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9235 0.9200 0.9155 0.9135 0.9100
Resistance 0.9270 0.9300 0.9320 0.9350 0.9370
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9235 targeting 0.9270, 0.9320 and stop-loss with four-hour closing below 0.9155 might be appropriate
USD /CAD
Key support levels 0.9820 and 0.9800 proved their strength and Stochastic is attempting to crossover positively. We might see an attempt to the upside and we can bet on the bullishness but a breach of 0.9800 will extend the downside move.
The trading range for today is between the key support at 0.9735 and the key resistance at 0.9965.
The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.
Support 0.9820 0.9800 0.9780 0.9735 0.9700
Resistance 0.9840 0.9875 0.9895 0.9910 0.9965
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.9820 targeting 0.9875, 0.9895 then 0.9965 and stop-loss with four-hour closing below 0.9780 might be appropriate
AUD/USD
The pair’s decline yesterday stopped above 1.0530 levels keeping the possibility of forming the harmonic formation shown on the graph. Linear Regression Indicators are still positive as well, any trading above 1.0495 levels will extend the upside move.
The trading range for today is among key support at 1.0645 and key resistance at 1.0650.
The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.
Support 1.0530 1.0505 1.0480 1.0430 1.0410
Resistance 1.0585 1.0600 1.0615 1.0655 1.0685
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.0530 targeting 1.0585, 1.0615 then 1.0650 and stop-loss with four-hour closing below 1.0480 might be appropriate
NZD/USD
The pair’s thin and volatile trading is stable above Linear Regression Indicators and above 0.8355. This makes us expect a possible extension of the upside move during today’s session. The ascending channel supports our expectations, and a breach of 0.8480 resistance is required to confirm the extension of the upside move.
The trading range for today might be among key support at 0.8310 and key resistance at 0.8565.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support 0.8400 0.8385 0.8355 0.8310 0.8280
Resistance 0.8450 0.8480 0.8500 0.8515 0.8565
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8400 targeting 0.8480, 0.8500 then 0.8515 and stop-loss with four-hour closing below 0.8355 might be appropriate
