EUR/USD - European Session
The pair dropped after failing to breach 1.2500 levels. Stabilizing below 1.2485 is negative and support the suggested expectations of moving to the downside targeting 1.2400, and if the pair broke the referred to level and stabilized below it, then this favors extending the upside move targeting 1.2360 and 1.2300. Breaching 1.2585 threatens to fail the suggested expectations.
GBP/USD - European Session
The pair is still moving sharply to the downside and stabilized below 1.5700, and Linear Regression Indicators are still providing negative signals supporting extending the bearish bias towards 1.5500 then 1.5400. Stabilizing below 1.5700 - 1.5720 keeps the negative pressure valid for today. A break above the latter triggers attempts to the upside targeting mainly 1.6000.
USD/JPY - Technical Report
The pair breached 116.10 and stabilizing above it favors extending the upside move targeting 117.85 and 119.00. Trading above 115.20 is positive and support the bullish expectations, while breaking 114.90 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair moved to the upside to trade around 0.9660. Breaching 0.9685 and stabilizing above it favors extending the upside move targeting 0.9770 and 0.9820, while breaking 0.9610 threatens to fail the suggested expectations.
USD/CAD - Technical Report
The pair moved to the upside and stabilized today above 113% correction again at 1.1360 which represent a significant support for today, and trading above it is positive and could extend the upside move.
A positive crossover was achieved on MACD, and Linear Regression Indicator 34 turned positive despie trading below Linear Regression Indicator 55. Hence, we still expect further positivity but with a possibility of bearish corrections at 1.1270, which will keep the bullish possibility valid. From the upside, breaching 1.1455 triggers a new bullish wave that could be strong.
AUD/USD - Technical Report
The pair dropped after failing to breach 0.9760, as breaching it and stabilizing above it faovrs extending the upside move targeting 0.8815 and 0.8910, while breaking 0.8650 threatens the suggested expectations and activates the bearish expectations again.
NZD/USD - Technical Report
The pair dropped after failing to stabilize above 0.7895 yesterday despite moving above it. But the downside move is still limited above 0.7805 forcing us to expect a new bullish attempt.
Linear Regression Indicators are still positive and RSI failed to break line 50 to the downside, and that support the return of positivity. Meanwhile, breaking 0.7805 activates a very negative signal on MACD.
