EUR/USD - European Session
The pair moved to the upside after touching the support level 1.2360, as breaking it is significant to confirm the downside move, despite that, trading below 1.2460 is negative and support the bearish expectations targeting 1.2305 and 1.2275. Trading below 1.2400 is negative and support the negative expectations, while breaching 1.2460 threatens to fail them.
GBP/USD - Weekly Report
The pair has been trading sideways since days and Linear Regression Indicatros are still applying negative pressure on the short and intraday trading, which kept our bearish expectations targeting mainly 1.5500 then 1.5425. The positivity of MACD and RSI are causing the current sideways volatility, and the expected downside move requires stability below 1.5680.
USD/JPY - Technical Report
The pair is trading within a tight range around 118.00. Stabilizing above 117.85 favors retesting 119.00, but breaking 116.50 is negative and threatens to fail the suggested expectations, and could form a bearish wave that target 115.60 and 114.85.
USD/CHF - Technical Report
The pair dropped after failing to breach 0.9725, as breaching it and stabilizing above it favors extending the upside move targeting 0.9770 and 0.9800 and 0.9875. Trading above 0.9685 is positive and support the bullish expectations, while a break below 0.9645 threatens to fail the suggested expectations.
USD/CAD - Technical Report
The pair dropped last week and stabilized this week below the support of the ascending channel, and below 23.6% correction at 1.1270. Trading below the referred to level is negative especially that RSI and MACD are showing a bearish bias.
Linear Regression Indicators are negative which support the possibility of touching 1.1140 represented in 38.2% correction. Only a break above 1.1360 fails our negative expectations.
AUD/USD - Technical Report
The pair is trading around 0.8690. Breaching 0.8750 and stabilizing above it favors extending the upside move targeting 0.8795 and 0.8830, while breaking 0.8625 and stabilizing below it favors bringing back the downside move again targeting 0.8540 and 0.8500.
NZD/USD - Technical Report
The pair failed to keep moving to the upside and stabilized above 0.7935, and despite trading slightly above this level, the pair moved back to the downside again and stabilized today below 0.7900 and below Linear Regression Indicator 55. Trading below 0.7975 will be negative today and this week, but later we need to break 0.7815 to confirm extending the downside move.
If the pair breached 0.8005, a strong bullish wave could be formed in the coming period, but without that, and with trading below 0.7975, the bearish possibility remains valid.
