EUR/USD - Technical Report
The EURUSD pair could not achieve a stable trading above 1.0780 resistance level, then it breached down 1.0715 support level once again. Trading below 1.0715 brought back bearishness. Moreover, MACD and RSI14 signals shows negative signs.
Therefore, we expect another try to touch 1.0640 support, while breaching the aforesaid support will cause more bearishness.
GBP/USD - Technical Report
The pair was rejected again from 1.5060 resistance level presented by 50% Fibonacci correction. Trading below the aforesaid level 1.5060 could cause a downside correction today. RSI14 indicator and MACD indicator are negative now.
We will use the good risk/reward ratio to short the pair today. On the other hand, we should know that breaching 1.5085 could cause another bullish wave.
USD/JPY - Technical Report
The pair couldn’t maintain levels below 119.35 yesterday and thus, our recommended sell stop position hasn’t been activated. Currently, USDJPY pair is trading in a very sensitive areas near 120.00 psychological as seen on the provided chart, while technical hesitation continues to appear on the graph. Thereby, we will be neutral today until the pair proves stability above 120.00 or below 119.30.
USD/CAD - Technical Report
Although the pair traded within a tight range, the overall technical structure still negative. Trading below 1.2310 will keep the bearish expectation valid, while breaching down 1.2210 will confirm our bearish expectations.
Linear regression indicator 34 covering the price from the upside, and MACD looks negative.
AUD/USD - Technical Report
The AUDUSD pair has met a strong resistance at 61.8% Fibonacci retracement level as seen on the provided chart. Prices are presently attacking 50% level along with bearish tendencies on MACD,RSI and linear regression indicators. We change our look to bearish, but we need another four-hour closing below 0.7735 to affirm our outlook.
NZD/USD - Technical Report
The NZDUSD pair has failed to maintain levels above 0.7730 levels yesterday where it showed a strong bearish actions. Coming below linear regression in addition to the negativity on MACD and RSI14 may send the pair lower over upcoming hours. Another break below the support line, connecting the movements from 0.7190 will affirm and accelerate the downside actions.
