EUR/USD - European Session
The pair failed to breach 1.1300 levels and dropped again, while stabilizing below the referred to level is negative and support the downside move. Breaking 1.1200 and holding below it extends bearishness to target 1.1100. Breaking the latter and stabilizing below it triggers a bearish wave that targets 1.1020 and 1.0830.
Trading below 1.1300 is negative and support the downside move, while breaching 1.1370 threatens to fail the suggested expectations.
GBP/USD - European Session
The pair moved back to the upside above 1.5085 which is positive, then traded again above Linear Regression Indicators. In fact, trading now above the psychological barrier 1.5000 is positive and could push the pair further to the upside, while a break above 1.5130 confirms this positive outlook.
RSI is getting in an upside trend again, and despite that Linear Regression Indicators are still negative, trading above it gives it bullish momentum.
USD/JPY - Technical Report
The pair is still trading around 118.25 and stabilizing above it confirms the upside move and extends it targeting 119.05 and 119.70 and 120.45, while breaking 116.90 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair moved to the upside and breached 0.8890, pushing it to the next resistance at 0.9040. Breaching the referred to level and stabilizing above it extends the upside move in the coming period and triggers a new bullish wave.
USD/CAD - Technical Report
The pair is moving to the upside supported by the positivity of Linear Regression Indicators, as RSI and MACD are trading in negative areas which could lead to a temporary negative volatility. Generally, the upside move is expected as long as the pair is stable above 1.2245 targeting next 1.2600.
AUD/USD - Technical Report
The pair moved to the upside and is trading above 0.7900, but we will keep our negative expectations, whereas the pair is still trading below 0.8000. Trading again below 0.7900 confirms the negative expectations and targets 0.7815, while breaching 0.8040 threatens to fail the suggested expectations.
NZD/USD - Technical Report
The pair moved back to the downside and broke 0.7430, as stability below this level is negative and favors extending the downside move in the coming period, while a break above 0.7570 threatens to fail the suggested expectations.
