Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays

Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays

6 July 2016, 20:36
Vasilii Apostolidi
0
139

EUR/USD: Our bearish view was encouraged by yesterday’s bear-flag breakout. A move below initial targets near 1.1025 would open the 1.0970 area and then the 1.0910 lows. Further out, we see room towards 1.0840 and then 1.0710.

Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105  

 

USD/JPY: The move below our initial targets 101.45 endorses our bearish view. We look for further downside through support near 99.95 to open our next targets at the 99.00 lows.

GBP/USD: The downside range break on increased volume confirms downside traction. Our next targets are in the 1.2750 area and then lower towards 1.2500 and then targets near 1.2360. Our greater targets are towards 1.1855 (see our Top 10 charts for Q3 2016).

AUD/USD: We are bearish against the 0.7650 range highs and look for a move lower towards initial targets near 0.7370 and then the recent range lows near 0.7285. Beyond there, we are looking for downside towards 0.7145.

NZD/USD: Our bearish view was encouraged by yesterday’s “engulfing” candle. We are looking for a move lower in range towards initial targets near 0.6960 and then the 0.6810 area.

USD/CAD: Yesterday’s bullish candle has prompted us to turn neutral in the short-term. We would prefer to re-sell higher and will look for signs of a top as we approach the 1.3190 range highs. Our downside targets would be towards the 1.2655 lows.

Share it with friends: