EUR/USD: Weekly ReportEUR/USD Daily Chart" title="EUR/USD Daily Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic8dbd3fd37bf906320f7637980f2ef731.png">
The pair managed to move to the upside around the previous top at 1.3711, as the overall upside move might extend triggered by stability above Linear Regression Indicators and 1.3605 levels represented in 88.6% correction as shown on graph. Stochastic shows overbought signals that requires stability above 1.3605 to offset the possibility for a downside correction.
**The trading range for this week is among the key support at 1.3480 and key resistance at 1.3970.
**The general trend over short term basis is to the upside with daily closing between 1.3345 and 1.3970.EUR/USD S&R" title="EUR/USD S&R" width="1613" height="755" src="https://d1-invdn-com.akamaized.net/content/picc4eea686789f58420bddbc82a8269bfe.png">
GBP/USDGBP/USD Daily" title="GBP/USD Daily" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic65103d292f43732d6a326e4f0e52d485.png">
The pair stabilized in the middle of the ascending channel as seen on the graph and above Linear Regression Indicator 34 around 1.6110 levels. Stability above 1.6110 favors the extension of the upside move as long as the pair consolidates above Linear Regression Indicator 55 at 1.6215 levels. Positivity is expected this week and holding above 1.6110 support our bullish expectations.
**The trading range for this week is among the key support at 1.5940 and key resistance at 1.6485.
**The general trend over short term basis is to the upside as far as areas of 1.5280 remains intact targeting 1.6540.GBP/USD S&R" title="GBP/USD S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic0cd4d24a7d68826ab659cf9d0848e480.png">
USD/JPYUSD/JPY Hourly Chart" title="USD/JPY Hourly Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic2b61db2076cf792320f6bd0b333c5a46.png">
The pair failed to stabilize below 97.60 last week forcing us to depend on this level for this week, whereas stabilizing above this level keeps favors the bullish bias affected by exiting the bearish trading range shown on graph. Breaching 50% Fibonacci at 98.20 levels support these expectations, but 98.75 will determine the trend in the upcoming period which should be breached to keep the bullish possibility strong and valid.
**The trading range for this week is among key support at 96.35 and key resistance at 99.95.
**The general trend over short term basis is to the downside as far as areas of 103.50 remain intact targeting 93.50.USD/JPY S&R" title="USD/JPY S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic96bf8529b9d47d5594b89793f14426d4.png">
USD/CHFUSD/CHF Daily Chart" title="USD/CHF Daily Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pice4c058998c6c86dc4950e300731d2b5d.png">
Consolidating below 127.2% Fibonacci at 0.9065 keeps the negative expectations for the pair valid. Trading within the bearish range also supports the possibility of extending negativity this week as long as the pair breaks 161.8% correction at 0.8955. In general, trading below 0.9185 is considered negative but stability below 0.9110 is required to keep this possibility valid.
**The trading range for this week is among key support at 0.8800 and key resistance at 0.9225.
**The general trend over short term basis is to the downside targeting 0.8860 as far as 0.9775 remains intact. USD/CHF S&R" title="USD/CHF S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic959ab5c5af8459c3fe05638f47fad48b.png">
USD/CADUSD/CAD Daily Chart" title="USD/CAD Daily Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic4a7d6c0f45bdd217a299ee33e4f83b5c.png">
After the downside move last week, the pair was stuck below Linear Regression Indicators but above the key support level of the ascending channel as shown on graph. Stochastic offers oversold intraday signals, but RSI is moving below line 50 negatively. Therefore, we prefer to remain neutral, whereas trading between 1.0235 and 1.0335 raises the risk of expecting a trend.
**The trading range for this week is between the key support at 1.0100 and the key resistance at 1.0455.
**The general trend over short term basis is to the upside with steady daily closing above 1.0100 targeting 1.0775.USD/CAD S&R" title="USD/CAD S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic12f1f4522e47ed8263d2147c038df842.png">
AUD/USDAUD/USD Daily Chart" title="AUD/USD Daily Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic732c7f8ba1b1cff376c4674f5b20df6c.png">
The bullish wave has extended to key resistance levels, at the 200-days SMA and 50 percent retracement level for the overall bearish wave from 1.0581 to 0.8847. Meanwhile, RSI is showing excessive overbought signals, accordingly, we remain neutral in our weekly report.AUD/USD S&R" title="AUD/USD S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic00fe19930afecd6ad7a1e62ae726dc8b.png">
NZD/USDNZD/USD Daily Chart" title="NZD/USD Daily Chart" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic34209ca42fdfe937f1603c5de8b158c8.png">
The price extended the upside above the previous swing high at 0.8435, however RSI fails to break to new highs and confirm the bullish momentum. Accordingly, we prefer to remain on the sidelines awaiting a fresh signal over the lower time intervals.NZD/USD S&R" title="NZD/USD S&R" width="1596" height="747" src="https://d1-invdn-com.akamaized.net/content/pic6b01cd5009e543da30d890c064736bee.png">