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EUR/USD
The pair is trading below 1.3310 levels, and it’s possible to see a deeper downside correction, yet the general bullish move remains valid and didn’t confirm its end. Stochastic offers negative crossover supporting the possible negativity during today’s session. Breaching 1.3360 levels weakens the bearish correction.
The trading range for today is among the key support at 1.3165 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 1.3280 1.3250 1.3235 1.3200 1.3165
Resistance 1.3310 1.3335 1.3360 1.3385 1.3405
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3300 targeting 1.3250, 1.3200 then 1.3165 and stop-loss with four-hour closing above 1.3360 might be appropriate
GBP/USD
Breaking 88.20 levels shown on the graph has taken the pair out of the ascending channel, delaying the upside move and extending the downside correction. Linear Regression Indicators are negative and despite the oversold signals on Stochastic it did not offer any positive signal.
The trading range for today is among key support at 86.80 and key resistance at 90.10.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 87.90 87.45 87.15 87.00 86.80
Resistance 88.20 88.50 88.80 89.00 89.30
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 88.20 targeting 87.90, 87.45 then 87.00 and stop-loss with four-hour closing above 89.00 might be appropriate
USD/JPY
Breaking 88.20 levels shown on the graph has taken the pair out of the ascending channel, delaying the upside move and extending the downside correction. Linear Regression Indicators are negative and despite the oversold signals on Stochastic it did not offer any positive signal.
The trading range for today is among key support at 86.80 and key resistance at 90.10.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 87.90 87.45 87.15 87.00 86.80
Resistance 88.20 88.50 88.80 89.00 89.30
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 88.20 targeting 87.90, 87.45 then 87.00 and stop-loss with four-hour closing above 89.00 might be appropriate
USD/CHF
The upside rush extended and the pair touched the first extended target of the bullish AB=CD harmonic Pattern. Looking at the graph above, we can suggest another harmonic formation that completes at the second target of the AB=CD harmonic formation at 0.9465 levels. Therefore, we think that there is a possibility to extend the upside move today.
The trading range for today is among key support at 0.9200 and key resistance at 0.9465.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9300 0.9270 0.9235 0.9200 0.9155
Resistance 0.9350 0.9370 0.9425 0.9435 0.9465
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9300 targeting 0.9350, 0.9425 then 0.9465 and stop-loss with four-hour closing below 0.9235 might be appropriate
USD /CAD
The pair is stable again above 88.6% correction shown on the graph after failing to break support levels at 0.9820 and 0.9800. Linear Regression Indicators are still negative but trading above the indicators will push the pair to the upside during today’s session. Areas of 0.9780 must hold for our positive expectations to prevail.
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 0.9840 0.9820 0.9800 0.9780 0.9735
Resistance 0.9875 0.9895 0.9910 0.9940 0.9965
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9840 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 is still trading within a very thin range but stable above 1.0535 levels most of the time, which makes us hold on to our positive expectations. Linear Regression Indicators are still positive and seemingly the sideways range is merely a correctional move; trading above 1.0490 levels will force us hold onto the bullish expectations.
The trading range for today is among key support at 1.0435 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
Trading mostly consolidated above Linear Regression Indicator 34 for more than a week; stability above this level makes the possibility of positivity remain valid. Trading above 0.8355 levels force us to hold on to our positive expectations taking into consideration the importance of breaching 0.8478 levels shown on the graph to support 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 0.8385 0.8355 0.8310 0.8280 0.8255
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 pair is trading below 1.3310 levels, and it’s possible to see a deeper downside correction, yet the general bullish move remains valid and didn’t confirm its end. Stochastic offers negative crossover supporting the possible negativity during today’s session. Breaching 1.3360 levels weakens the bearish correction.
The trading range for today is among the key support at 1.3165 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 1.3280 1.3250 1.3235 1.3200 1.3165
Resistance 1.3310 1.3335 1.3360 1.3385 1.3405
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3300 targeting 1.3250, 1.3200 then 1.3165 and stop-loss with four-hour closing above 1.3360 might be appropriate
GBP/USD
Breaking 88.20 levels shown on the graph has taken the pair out of the ascending channel, delaying the upside move and extending the downside correction. Linear Regression Indicators are negative and despite the oversold signals on Stochastic it did not offer any positive signal.
The trading range for today is among key support at 86.80 and key resistance at 90.10.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 87.90 87.45 87.15 87.00 86.80
Resistance 88.20 88.50 88.80 89.00 89.30
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 88.20 targeting 87.90, 87.45 then 87.00 and stop-loss with four-hour closing above 89.00 might be appropriate
USD/JPY
Breaking 88.20 levels shown on the graph has taken the pair out of the ascending channel, delaying the upside move and extending the downside correction. Linear Regression Indicators are negative and despite the oversold signals on Stochastic it did not offer any positive signal.
The trading range for today is among key support at 86.80 and key resistance at 90.10.
The general trend over short term basis is to the upside targeting 91.70 as far as areas of 83.40 remain intact.
Support 87.90 87.45 87.15 87.00 86.80
Resistance 88.20 88.50 88.80 89.00 89.30
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 88.20 targeting 87.90, 87.45 then 87.00 and stop-loss with four-hour closing above 89.00 might be appropriate
USD/CHF
The upside rush extended and the pair touched the first extended target of the bullish AB=CD harmonic Pattern. Looking at the graph above, we can suggest another harmonic formation that completes at the second target of the AB=CD harmonic formation at 0.9465 levels. Therefore, we think that there is a possibility to extend the upside move today.
The trading range for today is among key support at 0.9200 and key resistance at 0.9465.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9300 0.9270 0.9235 0.9200 0.9155
Resistance 0.9350 0.9370 0.9425 0.9435 0.9465
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9300 targeting 0.9350, 0.9425 then 0.9465 and stop-loss with four-hour closing below 0.9235 might be appropriate
USD /CAD
The pair is stable again above 88.6% correction shown on the graph after failing to break support levels at 0.9820 and 0.9800. Linear Regression Indicators are still negative but trading above the indicators will push the pair to the upside during today’s session. Areas of 0.9780 must hold for our positive expectations to prevail.
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 0.9840 0.9820 0.9800 0.9780 0.9735
Resistance 0.9875 0.9895 0.9910 0.9940 0.9965
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9840 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 is still trading within a very thin range but stable above 1.0535 levels most of the time, which makes us hold on to our positive expectations. Linear Regression Indicators are still positive and seemingly the sideways range is merely a correctional move; trading above 1.0490 levels will force us hold onto the bullish expectations.
The trading range for today is among key support at 1.0435 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
Trading mostly consolidated above Linear Regression Indicator 34 for more than a week; stability above this level makes the possibility of positivity remain valid. Trading above 0.8355 levels force us to hold on to our positive expectations taking into consideration the importance of breaching 0.8478 levels shown on the graph to support 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 0.8385 0.8355 0.8310 0.8280 0.8255
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
