EUR/USD - European Session
The pair dropped again after touching around the resistance 1.2625 and is trading again below 1.2580. Trading below the referred to level 1.2580 extends the downside move today, while breaking 1.2485 triggers a stronger bearish wave.
Technical indicators are showing clear negativity, whereas Linear Regression Indicators are negative and trading to the downside, RSI and MACD signal lines are negative also which support our bearish expectations.
GBP/USD - European Session
The pair started today's trading with a slight bearish bias attempting to move away from 1.6000 which support keeping the bearish expectations targeting 1.5880 then 1.5800 mainly. Linear Regression Indicators are moving to the downside to support the suggested bearishness that remains valid as long as the pair doesn't breach 1.6000 and stabilize above it.
USD/JPY - Technical Report
The pair moved to the upside breaching 111.00, while stability above 110.75 support the bullish expectations of moving to the upside targeting 112.00 and 113.10. Breaking 110.30 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair inched higher and is trading around 0.9600, as stabilizing above it favors extending the upside move targeting 0.9650 and 0.9685. Trading above 0.9560 is positive and breaking 0.9480 threatens to fail the suggested expectations.
USD/CAD - Technical Report
After yesterday's downside move, the pair moved back to the upside and traded above 38.2% correction at 1.1165 levels but below the key support of the upside move showing on graph above. MACD is negative and RSI is moving in a downside move. Linear Regression Indicators crossed over negatively but Linear Regression Indicator 55 didn't confirm its negativity.
Due to trading below the bullish support and above 38.2% correction, we prefer to remain neutral today waiting for new confirmation signals.
AUD/USD - European Session
The pair is finding difficulty in breaching 0.8825 which keeps the trading within the sideways range showing above, so we keep our expectations of a sideways bias intraday between the support 0.8690 and resistance 0.8895, and the pair should breach one of these levels to clearly determine the next targets. Of note, breaking the mentioned support pushes the pair to the downside towards 0.8500, while breaching the resistance pushes the pair to the upside targeting 0.9000 mainly.
NZD/USD - Technical Report
The pair moved to the upside breaching 0.7860 which stopped the negative expectations intraday. Breaching 0.7900 and stabilizing above it favors extending the upside move targeting 0.8070, while breaking 0.7800 and stabilizing below it brings back the downside move again.
