EUR/USD - Technical Report
The EURUSD pair has breached through the important support-turned into resistance- at 1.0710 as see on the provided daily chart. This breakout has activated negative signs on MACD and RSI, taking the pair the upper line of Linear Regression. Eyes should be now on the next support at 1.0580. Our outlook is bearish today as far as 1.0830 holds.
GBP/USD - Technical Report
The GBPUSD pair has respected our bearish overview, breaching through 1.4830 regions and that opens the door up towards the main technical objective of the bearish tendencies at 1.4640-1.4625. A break below this level will clear the path towards 1.4500 psychological. Our outlook remains bearish, reinforced by negativity on technical indicators.
USD/JPY - Technical Report
The USDJPY pair rose yesterday to touch arias above 120.55 resistance level. That action considered positive, however, we need the pair to trade above 120.60 to confirm bullishness and returning to trade inside the up channel. Linear regression indicators are positive, and MACD signal lines trading positively above the zero line. Therefore, we believe that the pair will achieve more upside movement as long as it trades above 119.65.
USD/CHF - Technical Report
USDCHF pair rose yesterday to trade above 38.2% Fibonacci correction located at 0.9725. Trading above the aforesaid level will keep the bullishness valid, however, breaching 50% Fibonacci correction located at 0.9805 is needed to cancel any negative sign could appear on RSI14 indicator. From the downside, breaching 0.9660 will damage the intraday outlook.
USD/CAD - Technical Report
The USDCAD pair rose as expected to trade above 1.2600 level. Trading above 1.2585 today will keep the probability of more bullishness. Linear regression indicators are positive, and MACD signal lines breaching up the zero line. Therefore, we expect more bullishness during today’s intraday trading, as long as the pair trades above 1.2545.
