GIGFX Technical Analysis Report For Majors (Updated Daily) - page 4
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EURUSD
Through this chart it is noticed that the pair is continuing forming a bullish direction for the short and medium terms as it was expected, this bullish direction will be shaped through forming the harmonic pattern AB=CD whereas, the pair formed a bullish bottom at the level 1.3244 which represents the point C with 38.2% Fibonacci correction level for the rib AB. So it is expected for the rib CD to be completed at 261.8% Fibonacci continuous level for the rib BC, with remaining the trades above the resistance level 1.3457 which represents the point B it is expected for the pair to shape the rib CD completely that is expected to be complete at the point D between the level 0.3802 which represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850 that performs as one of the resistance levels of the top boarders of the bullish channel for the medium-term that the harmonic pattern will complete between its boarders.
In order to reach the bullish targets, the pair should break the resistance levels 1.3512, 1.3589 and 1.3670 which represent Fibonacci continuous levels for the rib BC.
The stability of these expectations requires the stability of the support level 1.3244.
Res. 1.3481 1.3578 1.3692
Pivot 1.3367
Sup. 1.3270 1.3156 1.3059
[ATTACH]7815[/ATTACH]
GBPUSD
The bullish direction is still dominating the short and medium-term move of the pair, the pair succeeded while rising to break the level 1.5930 to confirm the tendency of the pair to continue rising and expecting more rising during today's intraday levels, targeting the resistance level 1.6070 but under the condition of holding the support level 1.5930 but in case of breaking this level during today's intraday trades, the pair will push in order to re-test the support level 1.5820.
RES. 1.6053 1.6146 1.6234
Pivot 1.5965
Sup. 1.5872 1.5784 1.5691
[ATTACH]7816[/ATTACH]
USDCHF
As it was expected through the previous reports; the pair will decline, the pair succeeded yesterday to break the support level 0.9595 that was mentioned before to increase the possibility of declining the pair during the trades of the short-term and intraday levels of today expecting the pair to target the support level 0.9485 but under the condition of holding the level 0.9595 steady against the pair re-testing, and it is noticed that the pair took this level as a pivot line of its action during today and yesterday's trades.
RES. 0.9674 0.9717 0.9779
Pivot 0.9612
Sup. 0.9569 0.9507 0.9464
[ATTACH]7817[/ATTACH]
USDCAD
The pair is still trading inside the bearish channel for the medium and the short-terms, whereas yesterday trades reflects the mentioned expectations in yesterday’s report whereas the pair has formed a bearish bottom at the level 0.9833 which pushed it up retesting the nearest resistance levels, a bearish top was formed during the last intraday trades at the level 0.9933 which is located near to 76.4% Fibonacci retracement correction level for the bearish direction ( from 0.9975 to 0.9833 ) expecting with continuing the stability for this top that the pair will continue falling to find a new bearish bottom lower than the formed bottom at 0.9833 which is expected to be at the level 0.9806 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9833 to 0.9933 ) and it is also expected that the price will coincide at this new bearish bottom with the lower boarder for the bearish channel
This expectation depends on the stability of the resistance level 0.9833.
Res. 0.9951 0.9992 1.0051
Pivot 0.9893
Sup. 0.9851 0.9792 0.9751
[ATTACH]7818[/ATTACH]
AUDUSD
As noticed in the chart; the pair is in process of forming a harmonic pattern ( Gartley ) in which the AB rib has came by 50% Fibonacci retracement correction level for the XA rib and the BC rib which represents 76.4% Fibonacci retracement correction level for the AB rib, so it is expected that the pattern will be completed at the D point which is located at the confined area between the level 1.0060 which represents 127% Fibonacci retracement correction level for the BC rib and the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the XA rib. therefore with continuing the pair rising during the next trades and breaking the resistance level 1.0018 which represents the B point, the pair will continue rising to form the CD rib which is expected to be completed at the mentioned area.
This expectation depends on the stability of the support level 0.9850.
Res. 1.0032 1.0072 1.0140
Pivot 0.9964
Sup. 0.9924 0.9856 0.9816
[ATTACH]7819[/ATTACH]
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EUR/USD
Yesterday trades saw more rising for the European currency against the U.S dollar whereas, by reaching the level 1.3538 the pair registered the 5 weeks highest price, this rising was after breaking the resistance level 1.3457 that represents the point B of the harmonic pattern AB=CD. After reaching the level 1.3538, the pair formed a top at which it was pushed declining to re-test the nearest support levels. A bottom has been formed during the last intraday trades between the level 1.3457 and the support level 1.3425 at which the price coincided with the bullish trend line that matches the point A with the point C. it is expected during the upcoming trades that the pair will use this bottom to rise again targeting to re-test the level 1.3538 which with its breaking up the pair will target to reach the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. The target of this rising is to complete forming the rib CD which is expected to be finished at the area of the point D between the level 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850. In order to reach this area, the pair should break the resistance levels 1.3589 and 1.3670 which represent Fibonacci's continuous levels for the rib BC.
The stability of these expectations requires the stability of the support level 1.3425.
Res: 1.3551 1.3629 1.3721
Pivot: 1.3459
Sup: 1.3381 1.3289 1.3211
[ATTACH]7834[/ATTACH]
GBP/USD
The bullish direction is still dominating the short and medium-terms move of the pair, the pair succeeded while rising to break the level 1.5930 at the beginning of this week trades to confirm the tendency of the pair to continue rising and expecting more rising during today's intraday levels, targeting the resistance level 1.6070 but under the condition of holding the support level 1.5930 but in case of breaking this level during today's intraday trades, the pair will push down in order to re-test the support level 1.5820.
The previous analysis is still remaining till now
Res: 1.6038 1.6083 1.6130
Pivot: 1.5991
Sup:1.5946 1.5899 1.5854
[ATTACH]7838[/ATTACH]
USD/CHF
As it was expected yesterday, the pair succeeded to break the support level 38.2% Fibonacci correction level for the last bearish wave for the medium-term. this confirms the tendency of the pair to continue declining during today's intraday levels targeting the support level 0.9485 that represents 23.6% Fibonacci correction level and also represents 61.8% Fibonacci correction level for the last bearish wave for the short period but this vision is under the condition of holding the 0.9595 resistance level steady that held against the pair re-testing yesterday to confirm the strength of this expected scenario.
Res: 0.9623 0.9699 0.9751
Pivot: 0.9571
Sup: 0.9495 0.9443 0.9367
[ATTACH]7837[/ATTACH]
USD/CAD
The pair has succeeded during yesterday trades on breaking the resistance level 0.9933, this bullish move came after forming a bottom at the level 0.9887 and this bullish move has continued after breaking the mentioned resistance level till it reached the top boarder for the bearish channel for the medium-term, whereas the last intraday trades has seen the breaking of this top boarder up with a good close above it, breaking this boarder remains a strong sign on beginning forming a bullish correction direction but to confirm this direction; the resistance level 0.9976 must be broken which represents 38.2% Fibonacci retracement correction level for the bearish direction ( from 1.0207 to 0.9833 ), if this condition has been done the pair will continue rising to the targeted price area to get out of the bearish confined channel between the level 1.0100 and the level 1.0119 which represents 76.4% Fibonacci retracement correction level for the same mentioned bearish direction, in case of failing this rising condition; the pair will be pushed to trade below the top boarder for the bearish channel again reaching again the level 0.9887 which with breaking it down means a further drop till the level 0.9833.
Res: 0.9984 1.0013 1.0062
Pivot: 0.9935
Sup: 0.9906 0.9857 0.9828
[ATTACH]7836[/ATTACH]
AUD/USD
The negative harmonic pattern Gartley has been completed by reaching the area D point which is confined between the level 1.0060 which represents 127% Fibonacci retracement continuous level for the BC rib and the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the XA rib, whereas a top has formed at the mentioned area which coincides with the trend line that matches the B point and the D point, the pair has been pushed down from this formed top to retest the bullish trend line which matches the A point and the C point, whereas it is expected that this line will coincide with the support level 0.9909, if a bullish bottom formed at this area means rising the pair again to retest the D point area, but in case of breaking the support level 0.9909 with breaking the trend line, the pair will continue falling reaching the level 0.9850 declaring that the pair is able to continue forming the bearish directions for the medium-term.
Res: 1.0067 1.0128 1.0181
Pivot: 1.0014
Sup:0.9953 0.9900 0.9839
[ATTACH]7835[/ATTACH]
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EURUSD
The EUR\USD pair remains the bullish direction for the short and medium periods although yesterday’s declining, as the pair could not break the support level 1.3425 to form a new bottom at this level. The pair also formed a symmetrical triangle that is supposed to continue the bullish direction previously. to confirm the continuation of the bullish direction, the pair must break the triangle’s top boarder at 1.3515 level; it will continue rising to target the (D) point for the harmonic pattern (AB=CD), the pair is expected to rise targeting 1.3589 resistance level that represents 161.8% continuous level for the rib (BC), to continue forming (CD) rib that is supposed to end by reaching the (D) area between 1.8302 that represents 261.8% continuous level for the (BC) rib and 1.3850, and to reach this area the pair must break the resistances 1.3585 and 1.3670 that represents the continuous levels for the (BC) ri
This analyze requires the stability of the support level 1.3425.
Res. 1.3531 1.3590 1.3658
Pivot 1.3463
Sup. 1.3404 1.3336 1.3277
[ATTACH]7851[/ATTACH]
GBPUSD
The level 1.5930 was not able to hold against the pair testing for it during yesterday trades, the price was able to break this level down leading the pair to get out of the bullish channel which the pair was moving inside it during the last two weeks to question the ability on continuing the bullish direction for the short-term and the intraday levels.
Therefore it's expected that the pair will target the support level 1.5821 as the first price target but firstly, the resistance level 1.5930 must be stable against retesting the pair for it.
RES. 1.5989 1.6083 1.6158
Pivot 1.5914
Sup. 1.5823 1.5745 1.5651
[ATTACH]7852[/ATTACH]
USDCHF
Yesterday the pair was able to rise breaking the resistance level 0.9595 unlike the expectations which was mentioned by a further drop for the pair, the pair direction during this week trades has formed a reflective pattern for the bearish direction for the short-term and the intraday levels which is the bearish wedge and the pair was already able to break the top boarder for this pattern during yesterday trades which gives expectations for a further rise for the pair targeting the resistance level 0.9740 during the intraday levels.
This expectation depends on the stability of the support level 0.9595.
RES. 0.9729 0.9785 0.9886
Pivot 0.9628
Sup. 0.9572 0.9471 0.9415
[ATTACH]7850[/ATTACH]
USDCAD
As noticed in the chart, the pair was able to break the top boarder for the bearish channel for the medium-term as well as breaking the resistance level 0.9976 which represents 38.2% Fibonacci retracement correction level for the bearish direction ( from 1.0207 to 0.9833 ), also it is noticed that the bullish movement which began from the level 0.9833 is a constant wavy move, after getting out from the channel the pair has ended forming the bullish wave number ( 3 ) by reaching the level 1.0020 which represents 50% Fibonacci retracement correction level for the same bearish direction. during the current time the trades are near to the correction wave bottom number ( 4 ) which is supposed to continue forming this bottom wave at the level 0.9950 in which the price coincides with the top boarder for the bearish channel which was broken up before, to begin from this bottom forming the number ( 5 ) wave which was expected to be continued at this target price area to get out of this bearish channel, this area is located between the level 1.0100 and the level 1.0119 which represents 76.4% Fibonacci retracement correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 0.9935.
Res. 1.0016 1.0062 1.0096
Pivot 0.9982
Sup. 0.9936 0.9902 0.9856
[ATTACH]7849[/ATTACH]
AUDUSD
The pair was able to break the (AC) trend line for the Gartley pattern during yesterday trades, the breaking point coincided with passing the support level 0.9909 to continue falling to reach the support level 0.9850 that represents (C) point, the pair is trying during the current trades to form a bottom at this level, which if the pair succeeded to do the pair may rise again in order to retest 0.9909, but if the pair was able to break 0.9850 the pair will continue falling to target 0.9803, and if the pair broke this level it will confirm the strength of the bearish direction for the medium period to target initially 0.9730 that represents 127% continuous level for the bullish move (from 0.9803 to 1.0075).
Res. 0.9972 1.0077 1.0148
Pivot 0.9901
Sup. 0.9796 0.9725 0.9626
[ATTACH]7848[/ATTACH]
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EUR/USD
As it was expected through the report of the last week end the pair continued forming the bullish direction for the short and medium periods whereas, the pair succeeded to break the top boarder of the bullish triangle pattern at the resistance level 1.3515 then continued forming the bullish rib of the harmonic pattern AB=CD. The pair registered the highest price at the level 1.3624 breaking the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. It is expected for the upcoming trades that the pair will rise but under the condition of breaking the resistance level 1.3624 then it will target to reach the area of the point D that completes the harmonic pattern which is between the level 1.3802 that represents 261% Fibonacci continuous level for the rib BC and the level 1.3850 and in order to reach this area, the pair should break the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC.
The stability of these expectations requires the stability of the support level 1.3515.
Res:1.3683 1.3745 1.3866
Pivot: 1.3562
Sup: 1.3500 1.3379 1.3317
[ATTACH]7873[/ATTACH]
GBP/USD
The bullish direction is still dominating the move of the pair for the short and medium periods, at the end of the last week trades the pair declined, correcting this bullish direction till reached to test the support level 1.5885 which held against the pair testing and this is what pushed the pair up again expecting more rising during today's intraday trades targeting the resistance level 1.6130 which coincide with testing the pair to the medium line of the pitchfork bullish channel that was formed due to the corrective short wave at the end of the last week trades.
The stability of these expectations requires the stability of the support level 1.5885.
Res: 1.6059 1.6111 1.6208
Pivot: 1.5962
Sup: 1.5910 1.5813 1.5761
[ATTACH]7872[/ATTACH]
USD/CHF
It is noticed in this chart that the pair formed a harmonic pattern (Gartley), the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
Res: 0.9657 0.9729 0.9772
Pivot: 0.9614
Sup: 0.9542 0.9499 0.9427
[ATTACH]7871[/ATTACH]
USD/CAD
The U.S dollar fell against the main currencies has the greatest effect on the pair’s declining during last week trades whereas the pair was pushed down breaking the support level 0.9950 which was expected to be formed at it a bullish bottom but the pair continued falling to retest the top boarder for the bearish channel which was broken up before whereas a bottom was formed at the level 0.9905, the pair rose from it to retest the level 0.9950, after the last bearish move; a confusion area may be formed between the resistance level 0.9950 and the support level 0.9905 therefore i's expected for the next trades that it will take a clear direction after breaking one of these two levels, if the resistance level 0.9950 is broken and a good close above it, the pair will continue rising retesting the resistance level 1.0020, in case of breaking the support level 0.9905 and a good close below it, the pair will continue falling reaching the support level 0.9833.
Res: 0.9982 1.0023 1.0061
Pivot: 0.9944
Sup: 0.9903 0.9865 0.9824
[ATTACH]7870[/ATTACH]
AUD/USD
The last pair trades was confined between the support level 0.9840 and the resistance level 0.9909, and this narrow trades is expected to collect the momentum which the pair will use to form the next trades direction, if the resistance level 0.9909 is broken the pair will continue rising to retest the bullish trend line which was broken down before, it’s expected that the retest point will coincide with the resistance level 0.9975, but in case of breaking the support level 0.9840 the pair will continue forming the next bearish directions for the medium-term reaching the level 0.9730 which represents 127% Fibonacci retracement continuous level for the bullish direction (from 0.9803 to 1.0075)
Res: 0.9929 0.9961 1.0007
Pivot: 0.9883
Sup: 0.9851 0.9805 0.9773
[ATTACH]7869[/ATTACH]
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EURUSD
As it was expected through the report of the last week end the pair continued forming the bullish direction for the short and medium periods whereas, the pair succeeded to break the top boarder of the bullish triangle pattern at the resistance level 1.3515 then continued forming the bullish rib of the harmonic pattern AB=CD. The pair registered the highest price at the level 1.3624 breaking the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. It is expected for the upcoming trades that the pair will rise but under the condition of breaking the resistance level 1.3624 then it will target to reach the area of the point D that completes the harmonic pattern which is between the level 1.3802 that represents 261% Fibonacci continuous level for the rib BC and the level 1.3850 and in order to reach this area, the pair should break the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC.
The stability of these expectations requires the stability of the support level 1.3515.
Res. 1.3683 1.3745 1.3866
Pivot 1.3562
Sup. 1.3500 1.3379 1.3317
[ATTACH]7877[/ATTACH]
GBPUSD
The bullish direction is still dominating the move of the pair for the short and medium periods, at the end of the last week trades the pair declined, correcting this bullish direction till reached to test the support level 1.5885 which held against the pair testing and this is what pushed the pair up again expecting more rising during today's intraday trades targeting the resistance level 1.6130 which coincide with testing the pair to the medium line of the pitchfork bullish channel that was formed due to the corrective short wave at the end of the last week trades.
The stability of these expectations requires the stability of the support level 1.5885
RES. 1.6059 1.61111.6208
Pivot 1.5962
Sup. 1.5910 1.5813 1.5761
[ATTACH]7878[/ATTACH]
USD/CHF
It is noticed in this chart that the pair formed a harmonic pattern (Gartley), the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
RES: 0.9657 0.9729 0.9772
PIVOT: 0.9614
SUP: 0.9542 0.9499 0.9427
[ATTACH]7876[/ATTACH]
USD/CAD
The U.S dollar fell against the main currencies has the greatest effect on the pair’s declining during last week trades whereas the pair was pushed down breaking the support level 0.9950 which was expected to be formed at it a bullish bottom but the pair continued falling to retest the top boarder for the bearish channel which was broken up before whereas a bottom was formed at the level 0.9905, the pair rose from it to retest the level 0.9950, after the last bearish move; a confusion area may be formed between the resistance level 0.9950 and the support level 0.9905 therefore it's expected for the next trades that it will take a clear direction after breaking one of these two levels, if the resistance level 0.9950 is broken and a good close above it, the pair will continue rising retesting the resistance level 1.0020, in case of breaking the support level 0.9905 and a good close below it, the pair will continue falling reaching the support level 0.9833.
Res: 0.9982 1.0023 1.0061.
PIVOT: 0.9944
Sup: 0.9903 0.9865 0.9824
[ATTACH]7875[/ATTACH]
AUDUSD
The last pair trades was confined between the support level 0.9840 and the resistance level 0.9909, and this narrow trades is expected to collect the momentum which the pair will use to form the next trades direction, if the resistance level 0.9909 is broken the pair will continue rising to retest the bullish trend line which was broken down before, it’s expected that the retest point will coincide with the resistance level 0.9975, but in case of breaking the support level 0.9840 the pair will continue forming the next bearish directions for the medium-term reaching the level 0.9730 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9803 to 1.007)
RES: 0.9929 0.9961 1.0007
PIVOT: 0.9883
SUP: 0.9851 0.9805 0.9773
[ATTACH]7874[/ATTACH]
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EUR/USD
The Euro continued rising against the U.S dollar, forming the rib CD of the harmonic pattern AB=CD that was mentioned through the previous reports. Yesterday trades saw the pair success in breaking the resistance level 1.3624 then continued rising till reached the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib CD, the pair did not succeed to break this level up till now, so it is expected at the upcoming trades, the pair will try to break this level which with its breaking up the pair will continue rising to reach the D area that completes the harmonic pattern which is located between the level 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850.
The stability of these expectations requires the stability of the support level 1.3589.
Res: 1.3701 1.3765 1.3846
Pivot: 1.3620
Sup: 1.3556 1.3475 1.3411
[ATTACH]7882[/ATTACH]
GBP/USD
The bullish direction is still dominating the pair move for the short and medium periods, the move of the pair during the last two days since the trades of the last week ended and the beginning of this week trades was a sideways one, forming a continues pattern for the bullish direction (head and shoulders pattern). the pair also is in the forming stage of a harmonic pattern AB=CD and is moving in the last wave of this pattern (CD), these two patterns requires succeeding the pair to break the resistance level 1.6010 that still holding the pair till now.
So if the pair was able to break the resistance level 1.6010, it will target to reach the resistance level 1.6095 as the first target for this rising and to complete the harmonic pattern AB=CD, and in the case of the continuation of rising and breaking this level, it will target to reach the resistance level 1.6180 that represents the target of the formed pattern.
The stability of these expectations requires the stability of the support level 1.5885.
Res: 1.6025 1.6064 1.6117
Pivot: 1.5972
Sup: 1.5933 1.5880 1.5841
[ATTACH]7883[/ATTACH]
USD/CHF
In this chart, the pair formed a harmonic pattern (Gartley) where the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
Yesterday analysis is still remaining till now
Res: 0.9585 0.9678 0.9735
Pivot: 0.9528
Sup: 0.9435 0.9378 0.9285
[ATTACH]7884[/ATTACH]
USD/CAD
Yesterday's trades for the pair saw the retesting of the resistance level 0.9976 in which it didn't succeed on breaking it up forming a bearish top at this level which pushed the pair down to retest the support level 0.9905, through this movement which is between rising and falling it's noticed of existence the ( 1.2.3 ) pattern which shows the bearish direction that will be confirmed with breaking the support level 0.9905 which represents the ( 2 ) point, the pair will target the bearish move till the targeted price area which is between the support level 0.9860 and the support level 0.9833.
This expectation depends on the stability of the resistance level 0.9976.
Res: 0.9970 1.0007 1.0034
Pivot: 0.9943
Sup: 0.9906 0.9879 0.9842
[ATTACH]7885[/ATTACH]
AUD/USD
As expected in yesterday report, the pair was able to break the resistance level 0.9909 to continue rising till it reached the resistance level 0.9975 which didn't sufficient by reaching this level during yesterday trades to continue rising achieving the highest price at the level 1.0019, So it's expected that this rise pushing will be continued during the next trades and for further confirmation for this bullish move the level 1.0019 must be broken and with breaking it up means a further rise till the resistance level 1.0082 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0254 ).
This expectation depends on the stability of the support level 0.9909.
Res: 1.0039 1.0107 1.0195
Pivot: 0.9951
Sup: 0.9883 0.9795 0.9727
[ATTACH]7886[/ATTACH]
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EUR/USD
The European currency declined against the U.S dollar before returning back to rise with the beginning of the American market period, this move (declining then rising) formed a new bullish bottom at the support level 1.3589 from which the pair re-rose again to re-test the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC of the harmonic pattern AB=CD. through the last bullish and bearish moves it is noticed a continuous pattern has been formed which is the ascending triangle pattern whereas, the top boarder of this pattern is between the resistance level 1.3670 and the level 1.3690, the appearance of this pattern supports the continuation of the pair rising to reach the point (D) area that completes the harmonic pattern at the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC so that, with breaking the top boarder of the pattern, the pair will continue rising to reach the target of the harmonic pattern.
The stability of these expectations requires the stability of the support level 1.3589.
Res: 1.3731 1.3781 1.3860
Pivot: 1.3652
Sup: 1.3602 1.3523 1.3473
[ATTACH]7893[/ATTACH]
GBP/ USD
The pair succeeded yesterday to break the support level 1.5890 that restricted the move of the pair during this week’s trades and the last one by a sideways move to show its tendency to begin a medium-term downward corrective wave whereas, the bearish direction was strong yesterday after releasing the U.K bad news which caused strong bullish positions for the pair by reaching the support level 1.5785 that represents 38.2% Fibonacci correction level for the last medium-term bullish wave. It is expected that the pair will decline during the intraday trades of today targeting the support level 1.5700 that represents 50% Fibonacci correction level for the same levels but under the condition of breaking the support level 1.5785
The stability of these expectations requires the stability of the resistance level 1.5830.
Res: 1.5970 1.6126 1.6236
Pivot: 1.5860
Sup: 1.5704 1.5594 1.5438
[ATTACH]7894[/ATTACH]
USD/CHF
As it was expected through the previous reports, the pair continued declining yesterday reaching to test the support level 0.9425 that represents the end of the wave CD of the harmonic pattern (Gartley). This level is expected to be steady during the intraday trades to push the pair up with a corrective reflection wave trying to find a suitable top from which it will continue declining again targeting the support level 0.9350 but first the pair has to break the support level 0.9425 successfully.
The stability of these expectations requires the stability of the resistance level 0.9520.
Res: 0.9496 0.9568 0.9615
Pivot: 0.9449
Sup: 0.9377 0.9330 0.9258
[ATTACH]7895[/ATTACH]
USD/CAD
It's noticed in the chart that the direction for the long and the medium- terms is still bearish and for the short-term is bullish. during the last medium-term trades it's noticed forming a reflective pattern for the bearish direction which is the head and shoulders pattern whereas the head of the pattern was completed at the support level 0.9833 and during the last short-term trades the pair has formed the right shoulder for the pattern which is expected to end it's formation at the level 0.9907 which represents the ( C ) point for the possible presence of the harmonic pattern AB=CD, whereas the ( BC ) rib came by 61.8 % Fibonacci retracement correction level for the ( AB ) rib. therefore it is expected to the ( CD ) rib to be completed at 161.8% Fibonacci retracement continuous level for the ( BC ) rib, continuing trading above the bullish trend line which matches between the ( A ) point with the ( C ) point gives the first confirm on this pattern existence and with breaking the neck line for the head and shoulders pattern ( with blue line ) gives a confirmation on continuing rising targeting the level 1.0103 which represents the complement ( D ) point for the harmonic pattern, reaching this level; the resistance level 1.0020 which represents the ( B ) point must be broken.
This expectation depends on the stability of the support level 0.9907.
Res: 1.0009 1.0053 1.0104
Pivot: 0.9958
Sup: 0.9914 0.9863 0.9819
[ATTACH]7896[/ATTACH]
AUD/USD
The last pair trades were confined between the bearish trend line for the medium and the long-terms and the bullish trend line for the short-term; therefore to take the pair a clear direction during the next trades, one of the trend lines must be broken. if the bearish trend line was broken and with breaking the resistance level 1.0019 the pair will continue forming a bullish direction targeting initially the level 1.0082 but in case of breaking the bearish trend line for the short-term with breaking the support level 0.9909, the pair will continue declining targeting the level 0.9803.
Res: 1.0007 1.0050 1.0109
Pivot: 0.9948
Sup: 0.9905 0.9846 0.9803
[ATTACH]7897[/ATTACH]
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EUR/USD
As it is noticed in this chart, the pair is trying to break the top boarder of the ascending triangle pattern where the intraday trades are around the resistance level 1.3690 in a strong signal that the pair is tending to continue forming short and medium-term uptrends. it is expected that the pair will complete forming the remaining part of the bullish rib CD of the harmonic pattern AB=CD during the upcoming trades, which will be completed by reaching the area of the point D between the levels 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850.
The stability of these expectations requires the stability of the support level 1.3589.
Res: 1.3741 1.3770 1.3820
Pivot: 1.3691
Sup: 1.3662 1.3612 1.3583
[ATTACH]7905[/ATTACH]
GBP/ USD
The support level 1.5785 that represents 38.2% Fibonacci correction level for the last bullish wave for the medium period succeeded to stop the strong declining of the pair where the pair reflected up after hitting this level breaking also the level 1.5890 to increase the pair’s gains which was not expected yesterday. So the pessimistic vision of the pair declining has been changed by holding the support level 1.5890 steady, to expect more rising during toda's intraday trades targeting the resistance level 1.6010 as the first target of this bullish move.
The stability of these expectations requires the stability of the support level 1.5785.
Res: 1.5990 1.6046 1.6157
Pivot: 1.5879
Sup: 1.5823 1.5712 1.5656
[ATTACH]7906[/ATTACH]
USD/CHF
As expected in previous reports, the pair continued declining yesterday to test the support level 0.9425 that represents the end of the wave CD of the harmonic pattern (Gartley). This level is expected to be steady during the intraday trades to push the pair up with a corrective reflection wave trying to find a suitable top that is expected to be around the resistance level 0.9475 from which it will continue declining again targeting the support level 0.9350, but first the pair has to break the support level 0.9425 successfully.
The stability of these expectations requires the stability of the resistance level 0.9520.
Res: 0.9451 0.9489 0.9515
Pivot: 0.9425
Sup: 0.9387 0.9361 0.9323
[ATTACH]7907[/ATTACH]
USD/CAD
It's noticed in the chart that the direction for the long and the medium- terms is still bearish and for the short-term is bullish. during the last medium-term trades it's noticed forming a reflective pattern for the bearish direction which is the head and shoulders pattern whereas the head of the pattern was completed at the support level 0.9833 and during the last short-term trades the pair has formed the right shoulder for the pattern which is expected to end it's formation at the level 0.9907 which represents the ( C ) point for the possible presence of the harmonic pattern AB=CD, whereas the ( BC ) rib came by 61.8 % Fibonacci retracement correction level for the ( AB ) rib. therefore it is expected to the ( CD ) rib to be completed at 161.8% Fibonacci retracement continuous level for the ( BC ) rib, continuing trading above the bullish trend line which matches between the ( A ) point with the ( C ) point gives the first confirm on this pattern existence and with breaking the neck line for the head and shoulders pattern ( with blue line ) gives a confirmation on continuing rising targeting the level 1.0103 which represents the complement ( D ) point for the harmonic pattern, reaching this level; the resistance level 1.0020 which represents the ( B ) point must be broken.
This expectation depends on the stability of the support level 0.9907.
The previous analyze is still remains till now
Res: 0.9965 0.9994 1.0009
Pivot: 0.9950
Sup: 0.9921 0.9906 0.9877
[ATTACH]7908[/ATTACH]
AUD/USD
The last pair trades were confined between the bearish trend line for the medium and the long-terms and the bullish trend line for the short-term; therefore to take the pair a clear direction during the next trades, one of the trend lines must be broken. if the bearish trend line was broken and with breaking the resistance level 1.0019 the pair will continue forming a bullish direction targeting initially the level 1.0082 but in case of breaking the bearish trend line for the short-term with breaking the support level 0.9909, the pair will continue declining targeting the level 0.9803.
The previous analyze is still remains till now
Res: 1.0015 1.0040 1.0083
Pivot: 0.9972
Sup: 0.9947 0.9904 0.9879
[ATTACH]7909[/ATTACH]
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EUR/USD
The last week trades saw a new declining for the European currency against the American dollar which started after the pair achieved the highest price in two months at the level 1.3861, it is noticed that the pair was able to break the support level 1.3628 which represents 23.6% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3861) this breaking confirms that the pair is moving outside the short and medium-term bullish channel. all those signals confirms the tendency of the pair to continue forming a corrective bearish wave that will be confirmed with breaking down the support level 1.3570 then the pair will continue declining targeting the level 1.3484 which represents 38.2% Fibonacci correction level for the same mentioned bullish direction.
The stability of these expectations requires the stability of the resistance level 1.3680.
Res: 1.3663 1.3738 1.3798
Pivot: 1.3603
Sup: 1.3528 1.3468 1.3393
[ATTACH]7957[/ATTACH]
GBP/USD
The bullish direction still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels of today and tomorrow, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
Res: 1.6170 1.6237 1.6304
Pivot: 1.6103
Sup: 1.6036 1.5969 1.5902
[ATTACH]7958[/ATTACH]
USD/CHF
On the contrary of what was expected, the pair succeeded to achieve more consecutive gains by rising on the short-term and intraday levels whereas the pair succeeded to break the level 0.9500 which represents 38.2% Fibonacci correction level for the last short-term bearish wave to confirm the tendency of the pair to continue rising. now the pair is facing the level 0.9555 which represents 50% of the same mentioned levels, if the pair was able to hold steady above this level during the upcoming trades, it is sure that the pair will target the resistance level 0.9675 but under the condition of breaking the resistance level 0.9610 to confirm the tendency of the pair to continue rising during today's intraday trades.
The stability of these expectations requires the stability of the support level 0.9500.
Res: 0.9451 0.9489 0.9515
Pivot: 0.9425
Sup: 0.9387 0.9361 0.9323
[ATTACH]7959[/ATTACH]
USD/CAD
The bearish direction is still dominating the pair for the medium and the short-terms so it is expected for the intraday levels that the pair will continue the bearish direction because the pair is in process of forming a harmonic pattern whereas the price is moving now within the last wave of the pattern which is CD which is expected for it to target the support level 0.9658 but to confirm this, the pair must break the support level 0.9826 which represents the B point.
This expectation depends on breaking and the stability of the lowest support level 0.9826 which represents the B point.
But if the pair is not able to break the support level 128.56 which represents the B point and hold below it, the pair will target the support level 1.0060 which represents the C point for the pattern.
Res: 0.9924 0.9976 1.0023
Pivot: 0.9877
Sup: 0.9825 0.9778 0.9726
[ATTACH]7960[/ATTACH]
AUD/USD
After the pair formed a bullish top at the level 1.0194, it fell again retesting the nearest resistance support levels. the RSI index movement is found bearish through the bullish movement to build bullish tops which means that there is a negative divergence reflecting the bullish direction therefore the pair fell again retesting the nearest support levels, whereas it formed a bottom at the level 1.0102 which represents 23.6% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0194 ) in case of continuing the next trades above this level it's expected to continuing forming the bullish direction which will be confirmed with breaking the level 1.0194 up, but if the pair is able to break the support level 1.0102 down it means that there is a further drop till the level 1.0045 which represents 38.2% Fibonacci retracement correction level for the same mentioned bullish direction.
Res: 1.0181 1.0234 1.0270
Pivot: 1.0145
Sup: 1.0092 1.0056 1.0003
[ATTACH]7961[/ATTACH]
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EUR/USD
As it was expected through yesterday report, Euro continued declining against the American dollar whereas; the pair achieved the lowest price during yesterday trades at the level 1.3508 near to the level 1.3484 which represents 38.2% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3508). Through forming the bearish direction that performed this declining, a bullish move for the stochastic index was noticed, this means the existence of a positive divergence that shifts the direction from downtrend to uptrend, so that the pair formed a bottom at the level 1.3508 and used it to push rising in order to re-test the nearest resistance levels. During the current trades the pair is in its way to test the resistance level 1.3680 and if the pair succeeded to break it up, it will continue rising targeting to reach the resistance level 1.3765.
The stability of these expectations requires the stability of the support level 1.3508.
Res: 1.3636 1.3690 1.3754
Pivot: 1.3572
Sup: 1.3518 1.3454 1.3400
[ATTACH]7977[/ATTACH]
GBP/ USD
The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
Yesterday analysis is still remaining till now
Res: 1.6165 1.6222 1.6260
Pivot: 1.6127
Sup: 1.6070 1.6032 1.5975
[ATTACH]7978[/ATTACH]
USD/CHF
The level 0.9555 could not be steady against the price action yesterday, now the pair is trading below this level; this shows the weakness of the bullish direction for the near-term and the intraday levels with expectations of more declining during today's trades as trading below the level 0.9555 targeting the support level 0.9500 as the first target of this declining wave then to the support level 0.9435.
The stability of these expectations requires the stability of the resistance level 0.9555.
Res: 0.9591 0.9628 0.9659
Pivot: 0.9560
Sup: 0.9523 0.9492 0.9455
[ATTACH]7979[/ATTACH]
USD/CAD
The bearish direction is still dominating the pair for the medium and the short-terms, so it is expected that the intraday trades the pair will continue the bearish direction because the pair is still in process of forming a harmonic pattern whereas the price is moving now within the last wave of the pattern which is CD which is expected for it to target the support level 0.9658 but to confirm this, the pair must break the support level 0.9826 which represents the B point.
This expectation depends on breaking and the stability of the lowest support level 0.9826 which represents the B point.
But if the pair is not able to break the support level 128.56 which represents the B point and hold below it, the pair will target the support level 1.0060 which represents the C point for the pattern.
The previous analyze still remains till now
Res: 0.9925 0.9944 0.9979
Pivot: 0.9890
Sup: 0.9871 0.9836 0.9816
[ATTACH]7980[/ATTACH]
AUD/USD
As noticed in the chart, the pair is in process of forming a harmonic pattern AB=CD whereas the ( BC ) rib came by 61.8% Fibonacci retracement correction level for the ( AB ) rib therefore it is expected that the ( CD ) will be completed at 161.8% Fibonacci retracement continuous level for the ( BC ) rip. if the resistance level 1.0194 that represents the ( B ) point is broken, the pair will continue rising to complete the remaining part of the ( CD ) rib which will be completed by reaching the level 1.0250 which represents the ( D ) point, it's noticed through forming the harmonic pattern that the pair is still keeping it's direction between the frame of the bullish channel for the medium and the short-terms.
This expectation depends on the stability of the support level 1.0102.
Res: 1.0160 1.0187 1.0216
Pivot: 1.0131
Sup: 1.0104 1.0075 1.0048
[ATTACH]7981[/ATTACH]
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