EUR/USD - European Session
The pair is trading once again below 1.1625 strengthening our previously suggested negative expectations, and holding below 1.1625 is negative and support extending bearishness in the coming period.
Stability below 1.1625 favors extending the downside move targeting 1.1500 and 1.1460 and 1.1400, while breaching 1.1700 threatens to fail the expectations.
GBP/USD - European Session
The pair dropped yesterday but failed to break 1.5085 and stabilize below it, but moved above it and closed the session. The pair also stabilized above the support 1.5030, forcing us to keep our positive expectations.
We notice negative signals on Linear Regression Indicators, and the positivity still hasn't been confirmed on RSI and MACD, but we think there will be a bullish correction based on stabilizing above 88.6% correction of the bullish wave that started from 1.4840 reaching the top 1.7188.
USD/JPY - Technical Report
The pair inched higher and breached 118.25 halting the negative expectations on intraday basis, as holding above the latter is positive and support the bullish expectations targeting 119.05 and 119.70 and 120.45.
Trading above 117.90 is positive while breaking 116.90 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The USD/CHF pair dropped again breaking 0.8705, as stabilizing below it is negative and support the downside move.
Holding below 0.8705 favors extending the downside move to target 0.8400 and 0.8300, while breaching 0.8805 threatens to fail the suggested expectations.
USD/CAD - Technical Report
USD/CAD extended the strong bullish trend to new highs, where indicators clearly illustrate the strength of the trend. The bias remains bullish in our view, and pullback should be treated as new opportunity to long the pair at a better entry points.
AUD/USD - Technical Report
The pair moved to the downside and broke 0.8140 which halted the positive expectations intraday, and stabilizing below the this level is negative. Breaking 0.8040 and holding below it extends the downside move and triggers a bearish wave that targets 0.8370and 0.8305 and 0.8255, while a break above 0.8225 threatens to fail the suggested expectations.
NZD/USD - Technical Report
NZD/USD has broken below the bottom of the sideways range support, confirming the continuation of the bearish trend. MACD and linear regression lines have turned negative confirming the bearish breakout. Accordingly, we look or further downside for the pair in the near term.
