GIGFX Technical Analysis Report For Majors (Updated Daily) - page 6
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EUR/USD
Yesterday trades saw a remaining decline for the pair till reached the area of re-testing the medium-term bearish trendline that has been broken up whereas, reflective candles has been formed for this decline coincides with the trendline, the pair formed a bottom that is expected to be a bullish one for the medium-term. during the last intraday trades, the pair used this bottom to rise again in order to test the key resistance 1.3716 which with its breaking up, the pair will continue rising targeting the level 1.3767 which represents 127% Fibonacci's continuous level for the bearish wave (1.3716 to 1.3526) then to the next level at 1.3833 which represents 161.8% Fibonacci's continuous level for the same mentioned bearish wave.
The stability of these expectations requires the stability of the key support 1.3643.
Res: 1.3726 1.3803 1.3903
Pivot: 1.3626
Sup: 1.3549 1.3449 1.3372
[ATTACH]8121[/ATTACH]
GBP/ USD
The key resistance 1.6260 is still holding steady against the confirmation of rising the pair for the medium and long-term whereas, the pair reflected down after testing this level reaching the lowest price during yesterday trades at 1.6100, this indicates a corrective approaching bearish direction for the intraday levels, now the pair seems looking for a top that supports this corrective direction during today's intraday trades and it is supposed to be around the key resistance 1.6195, and it is not recommended to have any bearish positions only if the pair broke the key support 1.6155 in order to confirm the tendency of the pair to continue declining during today's intraday trades targeting the key support 1.5990.
The stability of these expectations requires the stability of the key resistance 1.6260.
Res: 1.6254 1.6283 1.6309
Pivot: 1.6228
Sup: 1.6199 1.6173 1.6144
[ATTACH]8122[/ATTACH]
USD/CHF
The bearish direction is still dominating the pair's move for the near and medium-term, this direction has been formed through the move between the boarders of a bearish channel. during the upcoming trades, the pair is in its way to test the important key support 0.9325 then, if the pair succeeded to break this level with a good close below, the pair will continue forming the bearish direction targeting to reach the level 0.9204 which represents 127% Fibonacci's continuous level for the bullish move (from 0.9325 to 0.9774). But if the pair succeeded to form a bottom above this important support level, the pair will try to rise again to test the key resistance 0.9431.
Res: 0.9472 0.9558 0.9611
Pivot: 0.9419
Sup: 0.9333 0.9280 0.9194
[ATTACH]8123[/ATTACH]
USD/CAD
It's noticed that the pair is moving towards a bearish direction below the bearish trend line which was started at the level 1.0045, therefore from the expected that during the intraday trades the pair will decline and it seems that the pair is ready to test the support level 0.9868 which represents 23.6 Fibonacci retracement correction level for the last bearish wave for the medium-term, breaking this level and the stability of it will give the opportunity for the pair in order to complete the bearish direction till it reaches the support level 0.9813 at which a bottom was formed at it before.
This expectation depends on the stability below the bearish direction line at the resistance level 0.9909.
Res: 0.9941 0.9977 1.0037
Pivot: 0.9881
Sup: 0.9845 0.9785 0.9749
[ATTACH]8124[/ATTACH]
AUD/USD
The pair continued declining as was mentioned in yesterday report till it reached the support area between the level 0.9960 and the level 0.9943, the pair has formed a new bottom on the limits of this area which will use it the pair to rise during the last intraday trades to retest the nearest resistance levels, whereas the pair is now trying to retest the resistance level 1.0071 which with breaking it up; it means a further rise till the next resistance level at 1.0101.
This expectation depends on the stability of the support level 0.9960.
Res: 1.0065 1.0144 1.0194
Pivot: 1.0015
Sup: 0.9936 0.9886 0.9807
[ATTACH]8125[/ATTACH]
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EUR/USD
As it was expected in yesterday’s report, the pair succeeded to break the key resistance 1.3716 to continue rising till reached the key resistance 1.3767, through forming the last near-term uptrend it was noticed that the pair is in the forming stage of the harmonic pattern AB=CD whereas, the rib BC represents 61.8% fibonacc's correction level for the rib AB so it is expected that the rib CD will be completed at 161.8% fibonacci's continuous level for the rib BC. The key resistance 1.3716 represents the point B and its breaking up with a good close above means that the pair will remain forming the bullish rib CD which is expected to be completed at the point D which represents the area between the level 1.3810 and 1.3833 which represents 161.8% fibonacci's continuous level for the rib BC, reaching this area needs a confirmation of breaking the key resistance 1.3767 during the upcoming trades.
The stability of these expectations requires the stability of the key support 1.3671.
Res: 1.3809 1.3866 1.3947
Pivot: 1.3728
Sup: 1.3671 1.3590 1.3533
[ATTACH]8133[/ATTACH]
GBP/ USD
The pair is still trading below the key resistance 1.6260 which makes it hard for the pair to continue rising for the near-term and intraday trades, the pair now is trading inside a near-term bullish channel, forming a harmonic pattern AB=CD but the condition of completing forming this harmonic pattern is breaking the mentioned level 1.6260 which if the pair succeeded to break this level during today's intraday levels, the pair will target immediately the key resistance 1.6370 which completes this harmonic pattern.
The stability of these expectations requires the stability of the key support 1.6130.
Res: 1.6279 1.6346 1.6419
Pivot: 1.6206
Sup: 1.6139 1.6066 1.5999
[ATTACH]8134[/ATTACH]
USD/CHF
The bearish direction is still dominating the pair's move for the near and medium-term; this move has been formed through the pair's move inside a bearish channel. during yesterday trades, the pair succeeded to break down the important key support 0.9325 indicating the tendency of the pair to continue declining targeting the key support 0.9204 which represents 127% Fibonacci’s continuous level for the bullish move (from 0.9325 to 0.9774) at which the price is expected to coincide with the bottom boarder of the bearish channel
The stability of these expectations requires the stability of the key resistance 0.9325.
Res: 0.9378 0.9426 0.9462
Pivot: 0.9378
Sup: 0.9294 0.9258 0.9210
[ATTACH]8135[/ATTACH]
USD/CAD
The pair wasn't able yesterday to break the support level 0.9868 which represents 23.6% Fibonacci retracement correction level for the last bearish wave, if the pair is able to break this level during the intraday trades, the pair will target the support level 0.9813 which is the bottom point during the previous days.
But if the pair breaks the resistance level 0.9901 which represents 38.2% Fibonacci retracement correction level and the stability above this level, the pair will target the resistance level 0.9929 which represents 50.0% from the previous Fibonacci retracement correction levels then to the resistance level 0.9957 which represents 61.8% from the same previous Fibonacci retracement correction levels.
Res: 0.9941 0.9977 1.0037
Pivot: 0.9881
Sup: 0.9845 0.9785 0.9749
[ATTACH]8136[/ATTACH]
AUD/USD
As what was expected yesterday, the pair used the formed bottom at the support level 0.9960 in rising to retest the nearest resistance levels, whereas during the last intraday trades; forming a top at the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ) this top came to push the pair down to retest the nearest support levels from it the support level 1.0010, if the pair formed a bottom at this level, the pair will rise again trying to break the level 1.0082 which with breaking it up means a further rise till the level 1.0155, but if the pair was able to break the support level 1.0010 down that means a further drop till the level 0.9960.
Res: 1.0057 1.0095 1.0134
Pivot: 1.0018
Sup: 0.9980 0.9941 0.9903
[ATTACH]8137[/ATTACH]
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EUR/USD
The European currency continued rising against its counterpart, this uptrend reflects the formation of a CD bullish rib for the negative harmonic pattern AB=CD, this rib has been completed by reaching the D point which is located in the area between the level 1.3810 and the level 1.3833 which represents 161.8% Fibonacci's continuous level for the BC rib. But during the last intraday trades, reflective candles appeared, and with holding the key resistance 1.3833 steady, the next direction will respond to these reflective candles and will drop to re-test the support level 1.3716. but if the pair succeeded to break the key resistance 1.3833 with stability above, it will continue rising targeting to reach the level 1.3906 which represents 200% Fibonacci's continuous level for the BC rib.
Res: 1.3844 1.3890 1.3960
Pivot: 1.3774
Sup: 1.3728 1.3658 1.3612
[ATTACH]8142[/ATTACH]
GBP/ USD
The pair dropped during yesterday's strong trades reaching the support level 1.6125 which is still stable against the pair testing till now, the most important to notice is that, the pair will form a double bottom reflective pattern if succeeded to break the mentioned support level as it is noticed through this chart.
So, it is expected that, the pair will continue declining during today's intraday trades but under the condition of breaking the support level 1.6125, to target then the support level 1.6055 as the first target of this declining, then it will target the level 1.5990.
The stability of these expectations requires the stability of the key resistance 1.6195.
Res: 1.6233 1.6328 1.6402
Pivot: 1.6159
Sup: 1.6064 1.5990 1.5895
[ATTACH]8143[/ATTACH]
USD/CHF
The near and medium-term bearish direction is still dominating the price action of the USD/CHF pair; this direction has been formed through the move between the boarders of a bearish channel, whereas yesterday trades saw a new record by reaching the level 0.9233 and it is expected that, the pair will continue registering a new low records during the upcoming trades, targeting the support level 0.9204 which represents 127% Fibonacci's continuous level for the uptrend (from 0.9325 to 0.9774). So, if the pair succeeded to break this level down, it will have a further drop targeting the next support level at 0.9048 which represents 161.8% Fibonacci's continuous level for the same mentioned uptrend.
The stability of these expectations requires the stability of the key resistance 0.9325.
Res: 0.9320 0.9377 0.9421
Pivot: 0.9276
Sup: 0.9219 0.9175 0.9118
[ATTACH]8144[/ATTACH]
USD/CAD
As noticed in the chart, the pair is trading since yesterday till this moment at the area which is between the support level 0.9793 and the resistance level 0.9841.
But the bearish direction is dominating on the pair move for the intraday levels therefore it's expected that the pair will break the support level 0.9793 and the stability below it gives preference for the pair to continue declining till the support level 0.9763.
And breaking the pair the resistance level 0.9841 and the stability above it will enhance the pair’s direction towards up till the resistance level 0.9877.
Res: 0.9876 0.9929 0.9960
Pivot: 0.9845
Sup: 0.9792 0.9761 0.9708
[ATTACH]8145[/ATTACH]
AUD/USD
The pair is still rising to reach the resistance level 1.0155 which will coincide at it the price with the bearish trend line for the long-term, this bullish scenario was expected after breaking the pair the resistance level which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ), if the pair is able to break the resistance level 1.0155 with breaking the bearish trend line, the pair will continue rising till reaching the level 1.0206 which represents 127% Fibonacci retracement continuous level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 1.0082.
Res: 1.0138 1.0191 1.0260
Pivot: 1.0069
Sup: 1.0016 0.9947 0.9894
[ATTACH]8146[/ATTACH]
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EUR/USD
As it was mentioned through the previous report, the end of the last week trades saw a retreating for the single currency against its counterpart, this retreating had some previous mentioned signals; one of them is the completeness of the harmonic pattern AB=CD by reaching the point D that is located between the level 1.3810 and 1.3833 which represents 161.8% Fibonacci's continuous level for the rib BC, and also the appearance of the reflective candles for uptrend in the same area of completing the pattern. It was expected that, the pair will decline till reaching the support level 1.3716 and this is what happened indeed. At the beginning of the current week trades, the pair continued forming a bottom at the mentioned support level 1.3716 that the pair used it to push upwards to re-test the nearest resistance levels such as the level 1.3767 which with its breaking, the pair will continue rising to reach the resistance level 1.3833 then the level 1.3906.
The stability of these expectations requires the stability of the support level 1.3716.
Res: 1.3816 1.3884 1.3930
Pivot: 1.3770
Sup: 1.3702 1.3656 1.3588
[ATTACH]8154[/ATTACH]
GBP/ USD
As it was expected through the end of the last week report, indeed, the pair succeeded to break the level 1.6125 which represents the base line of the double bottom pattern that has been formed for the medium-term price action, targeting the support level 1.6055 that was mentioned before as the first target for the pattern, the pair reached this level to test it then reflected up again re-testing the same mentioned level 1.6125.
It is expected that, the pair might retreat targeting the support level 1.6055 again then it will reach the last target of the pattern at the support level 1.5990.
But this scenario requires the stability of the key resistance 1.6125 against the pair testing with a close below with negative signals like a Japanese candles pattern or a signal of the momentum move or forming any negative pattern on the price action.
Res: 1.6174 1.6233 1.6305
Pivot: 1.6102
Sup: 1.6043 1.5971 1.5912
[ATTACH]8155[/ATTACH]
USD/CHF
The bearish direction is still dominating the pair's move for the near and medium-term, this direction has been formed through the moving inside a bearish channel, whereas, the trades of the end of the last week saw rising for the pair from the formed bottom at the level 0.9233 targeting to test the nearest resistance levels such as the key resistance 0.9325 at which the price coincided with the top boarder of the bearish channel where, a top has been formed and the pair used it to push down during the last intraday trades, the pair is in its way to test the support level 0.9233 which with its breaking down, the pair will retreat till reaching the level 0.9204 which represents 127% Fibonacci's continuous level for uptrend (from 0.9325 to 0.9774). And if the pair succeeded to break this level down, the pair will retreat targeting the next support level at 0.9048 which represents 161.8% Fibonacci’s continuous level for the same mentioned uptrend
The stability of these expectations requires the stability of the key resistance 0.9325.
Res: 0.9323 0.9361 0.9404
Pivot: 0.9280
Sup: 0.9242 0.9199 0.9161
[ATTACH]8156[/ATTACH]
USD/CAD
The pair is still moving inside the bearish channel since the previous days for the medium-term, the pair is facing now the support level 0.9768 which represents the lower border for the channel therefore it's expected for the intraday trades, the probability of reflecting the pair up to test the resistance level 0.9910 which represents the top border for the channel but the pair must break the resistance level 0.9823 with the stability above it then break the level 0.9865 with the stability above it.
In case of breaking the support level 0.9768 with the stability below it, the pair will continue declining till the support level 0.9734.
Res: 0.9815 0.9849 0.9869
Pivot: 0.9795
Sup: 0.9761 0.9741 0.9707
[ATTACH]8157[/ATTACH]
AUD/USD
As expected in the last week report, the pair continued rising till reached the resistance level 1.0155 whereas it was able to break this level up and also broke the bearish trend border for the long-term declaring by that the beginning of forming a new bullish direction, therefore it's expected during the next trades a further rise till reaching the level 1.0206 which represents 127% Fibonacci retracement continuous level for the bearish direction ( from 1.0155 0.9965 ) then the next resistance level at 1.0272.
This expectation depends on the stability of the support level 1.0120.
Res: 1.0205 1.0236 1.0296
Pivot: 1.0145
Sup: 1.0114 1.0054 1.0023
[ATTACH]8158[/ATTACH]
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EUR/USD
During yesterday trades, the pair failed to break the important key resistance 1.3860 where it formed a top around this level and used it to push declining breaking the bullish trendline for the near and medium-term, this line represents the bottom boarder of the bullish wedge pattern that shifts the direction, so that, the pair is supposed to continue its corrective bearish direction targeting the level 1.3591 which represents the target of the bullish wedge pattern and also represents 61.8% Fibonacci's retracement correction level for the bullish move (from 1.3428 to 1.3855). But in order to reach this level, the pair should break the support level 1.3754 that the current trades are around where, a positive divergence is noticed for the bullish direction that may push the pair up if a bottom has been formed at, and in this case the pair will rise trying to test the key resistance 1.3860.
Res: 1.3831 1.3887 1.3921
Pivot: 1.3797
Sup: 1.3741 1.3707 1.3651
[ATTACH]8173[/ATTACH]
GBP/ USD
The bullish direction is still dominating the price action of the pair for the near-term trades and the intraday levels whereas, the pair rose yesterday to test the key resistance 1.6330 from which it reflected down with expectations of more rising, and what confirms this expectations is breaking the price to the simple moving average index 50 and trading above it till now, the pair now is in its way to test the support level 1.6195 which performs as the mentioned simple moving average index 50, and also the appearance of the positive divergence on the stochastic index below the chart, this divergence indicates that the pair may rise during today's intraday trades.
Moving the pair up will target the key resistance 1.6330 as the first target of this bullish wave then it will target the key resistance 1.6410.
The stability of these expectations requires the stability of the support level 1.6195.
Res: 1.6312 1.6358 1.6389
Pivot: 1.6281
Sup: 1.6235 1.6204 1.6158
[ATTACH]8174[/ATTACH]
USD/CHF
The pair is still soaring during the last near-term trades using the formed bottom at the support level 0.9233 whereas, the pair succeeded to break the top boarder of the bearish channel declaring the first reflective signals for the bearish direction, a stronger signal is remained and it is by breaking up the key resistance 0.9235 then, the pair will continue forming a corrective bullish direction targeting the level 0.9361 which represents 23.6% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9233), then the pair will target the level 0.9440 which represents 38.2% Fibonacci's correction level for the same mentioned downtrend and also represents the final target of breaking out this bearish channel.
The stability of these expectations requires the stability of the support level 0.9233.
Yesterday analysis is still remaining till now
Res: 0.9311 0.9340 0.9359
Pivot: 0.9292
Sup: 0.9263 0.9244 0.9215
[ATTACH]8175[/ATTACH]
USD/CAD
As noticed in the chart, the pair dropped yesterday to its lowest level since 2007 and a hummer shaped candle has been formed at the level 0.9686 and this is a signal for the pair rising during the intraday trades and it will target the resistance level 0.9788 which represents 23.6% Fibonacci retracement correction level for the last bearish wave and if it will be able to stable above this level, the pair will continue rising till targeting the resistance level 0.9821 which represents 50% from the previous mentioned Fibonacci retracement correction level.
But with breaking the support level 0.9747 and the stability below it, the pair will target the support level 0.9686 again.
Res: 0.9770 0.9797 0.9841
Pivot: 0.9726
Sup: 0.9699 0.9655 0.9628
[ATTACH]8176[/ATTACH]
AUD/USD
The pair was not able to break the resistance level 1.0206 which represents 127% Fibonacci retracement correction level for the bearish direction ( from 1.0155 to 0.9965 ) it was the first signal for the pair declining which was confirmed yesterday with breaking the support level 1.0155 down and also breaking the previous broken bearish trendline up which means that the pair will be able to continue forming the corrective bearish direction for the last bullish wave, the pair is trading now nearest the support level 1.0082 which represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ) it's expected with breaking this level the pair will continue declining reaching the level 1.0020 which represents 76.4% Fibonacci retracement correction level for the previous mentioned bullish direction.
This expectation depends on the stability of the resistance level 1.0145
Res: 1.0179 1.0228 1.0256
Pivot: 1.0151
Sup: 1.0102 1.0074 1.0025
[ATTACH]8177[/ATTACH]
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EUR/USD
As it was expected through yesterday's report, the pair formed a bottom at the support level 1.3750 and used it to push upside till reached the important key resistance 1.3860 again, the appearance of a positive divergence from the RSI index, that continues the bullish move was confirm this scenario. At the last intraday trades, the pair was trading around this important key resistance and if the pair was able to break it completely with good close above, the pair will continue rise targeting to reach the level 1.3977 which represents 127% fibonacci's retracement continuous level for the bearish move from 1.3860 to 1.3428.
The stability of these expectations requires the stability of the support level 1.3750.
Res: 1.3921 1.3979 1.4068
Pivot: 1.3832
Sup: 1.3774 1.3685 1.3627
[ATTACH]8181[/ATTACH]
GBP/ USD
As it was expected through yesterday's report, the pair rose upside targeting the key resistance 1.6330 using the formed bottom that has been formed at the support level 1.6215 to begin its rising starting with that level, forming AB=CD harmonic pattern for the near-term, and now it is in the final stage of forming the last wave CD expecting more rising during today's intraday trades targeting the key resistance 1.6410 as the first target followed by the key resistance 1.6510 which represents the point D and the end of the formed harmonic pattern.
The condition of confirming this scenario is to break the key resistance 1.6330 which represents the point B with stability above.
The stability of these expectations requires the stability of the support level 1.6215.
Res: 1.6372 1.6421 1.6500
Pivot: 1.6293
Sup: 1.6244 1.6165 1.6116
[ATTACH]8182[/ATTACH]
USD/CHF
During yesterday trades, the pair achieved a new record by reaching the level 0.9202 which represents 127% Fibonacci's continuous level for the bullish move from 0.9325 to 0.9774, this new move has been indicated by a bullish move for the stochastic index and this means an appearance of a positive divergence that shifts the downtrend into uptrend, so with the stability of the level 0.9202 the price will respond to the divergence that will be confirmed by breaking the resistance level 0.9270 upward there, the pair will continue rise targeting to reach the resistance level 0.9325 again. If the pair succeeded to break the level 0.9202 it will ignore the reflective signals targeting to reach the next support level 0.9046 which represents 161.8% Fibonacci's continuous level for the same mentioned uptrend.
Res: 0.9283 0.9331 0.9372
Pivot: 0.9242
Sup: 0.9194 0.9153 0.9105
[ATTACH]8183[/ATTACH]
USD/CAD
The pair formed a harmonic pattern during the long-term trades which the pair began it from the A point at the level 1.0216 since the end of the last year, the pair has taken the bearish move by forming a harmonic pattern till it settled at the D point at the level 0.9667.
Therefore it's expected for the pair during the intraday trades to take the corrective side which is the bullish direction until testing the resistance level 0.9836 which represents the B point.
This expectation depends on the stability of the support level 0.9667 which represents the D point.
Res: 0.9767 0.9805 0.9835
Pivot: 0.9737
Sup: 0.9699 0.9669 0.9631
[ATTACH]8184[/ATTACH]
AUD/USD
The pair has formed a bottom at the borders of the level 1.0082 which represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ), this bottom returned again the bullish move for the pair and it's expected that this bottom had came to draw a bullish trendline for the medium and the short-terms, remaining the effectiveness of this line will be continued with breaking the resistance level 1.0200 which with breaking it up means continuing the bullish move till the level 1.0271 which represents 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 1.0085 ).
This expectation depends on the stability of the support level 1.0082.
Res: 1.0203 1.0239 1.0298
Pivot: 1.0144
Sup: 1.0108 1.0049 1.0013
[ATTACH]8185[/ATTACH]
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EUR/USD
The bullish direction is still dominating the pair's move for the short and medium-term after forming a head and shoulders pattern that continues this direction as it is noticed in this chart.
The pair succeeded to break up the neckline to reach the first target of this breaking at the level 1.3860 that the pair was able to reach during the trades of the day before today and also succeeded to re-test it and to break it amid a momentum that indicates more rising during today's intraday trades targeting the key resistance 1.4015 and it is the second target of breaking the formed pattern for the medium-term.
The stability of these expectations requires the stability of the support level 1.3860.
Res: 1.3921 1.3979 1.4068
Pivot: 1.3832
Sup: 1.3774 1.3685 1.3627
[ATTACH]8207[/ATTACH]
GBP/ USD
As it was expected in yesterday's report, the pair rose upside targeting the key resistance 1.6330 using the formed bottom that has been formed at the support level 1.6215 to begin its rising starting with this level, forming AB=CD harmonic pattern for the near-term, and now it is in the final stage of forming the last wave CD expecting more rising during today's intraday trades targeting the key resistance 1.6410 as the first target followed by the key resistance 1.6510 which represents the point D and the end of the formed harmonic pattern.
The condition of confirming this scenario is to break the key resistance 1.6330 which represents the point B with stability above.
The stability of these expectations requires the stability of the support level 1.6215.
Yesterday analysis is still remaining till now
Res: 1.6372 1.6421 1.6500
Pivot: 1.6293
Sup: 1.6244 1.6165 1.6116
[ATTACH]8208[/ATTACH]
USD/CHF
Now the pair is moving inside a sideways channel between the key resistance 0.9329 and the support level 0.9230, so it is expected during today's intraday trades that the pair will decline till reaches the bottom boarder of the channel at the level 0.2930 to test it but under the condition of remaining the pair below the key resistance 0.9329 which represents the top boarder of the channel.
But if the pair was able to break the key resistance 0.9329 which represents the top boarder of the channel, then the pair will target to reach the level 0.9415.
Res: 0.9283 0.9331 0.9372
Pivot: 0.9242
Sup: 0.9194 0.9153 0.9105
[ATTACH]8209[/ATTACH]
USD/CAD
The pair formed a harmonic pattern during the long-term trades which the pair began it from the A point at the level 1.0216 since the end of the last year, the pair has taken the bearish move by forming a harmonic pattern till it settled at the D point at the level 0.9667.
Therefore it's expected for the pair during the intraday trades to take the corrective side which is the bullish direction till testing the resistance level 0.9836 which represents the B point.
This expectation depends on the stability of the support level 0.9667 which represents the D point.
The previous analyze still remains
Res: 1.6208 1.6282 1.6336
Pivot: 1.6154
Sup: 1.6080 1.6026 1.5952
[ATTACH]8210[/ATTACH]
AUD/USD
The pair is taking the bullish move for the medium and the short-term, the pair is in process of forming the ( Gartley )harmonic pattern targeting the located area between the supports levels 1.0072 and 1.0055 whereas the pair is moving now in the last CD wave for the pattern therefore it's expected a further drop will accompany the pair’s move during the intraday trades targeting this previous mentioned area
This expectation depends on the stability of the resistance level 1.0170.
Res: 1.0203 1.0239 1.0298
Pivot: 1.0144
Sup: 1.0108 1.0049 1.0013
[ATTACH]8211[/ATTACH]
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EUR/USD
The European currency continued rising against the U.S. dollar whereas the pair hits fresh 3-month high by reaching the level 1.4008, this bullish move was formed through moving inside a bullish channel for the short and medium-term, the resistance area between the level 1.4008 and the level 1.3978 which represents 127% Fibonacci continuous level for the downtrend (from 1.3861 to 1.3428) coincides with the top boarder of the bullish channel to form a bullish top with the appearance of reflective candles that provides a probability of corrective bearish move during the upcoming trades targeting to re-test the support level 1.3861 but under the condition of holding the resistance level 1.4008 steady, which with its breaking with good close above then the pair will rise targeting to reach the resistance level 1.4129 which represents 161.8% Fibonacci continuous level for the same mentioned downtrend.
Res: 1.4016 1.4063 1.4155
Pivot: 1.3924
Sup: 1.3877 1.3785 1.3738
[ATTACH]8219[/ATTACH]
GBP/ USD
The pair failed to achieve more gains while moving upside during the trades of the last week forming a reversal pattern (head and shoulders pattern) on the near-term trades, but it is necessary to break the neckline of the pattern at the support level 1.6240, it is expected after this breaking that the pair will decline targeting the support level 1.6180 as the first target of this declining which represents 50% Fibonacci correction level for the last bullish wave for the medium-term followed by the support level 1.6120.
The stability of these expectations requires the stability of the key resistance 1.6290.
Res: 1.6321 1.6366 1.6400
Pivot: 1.6287
SuP: 1.6242 1.6208 1.6163
[ATTACH]8220[/ATTACH]
USD/CHF
Through this chart it is noticed that the pair is forming a rectangle pattern that continues the direction after breaking one of its boarders, the resistance level 0.9325 represents the top boarder of the pattern and the area between the support level 0.9230 and the level 0.9201 represents the bottom boarder of the pattern, the pattern came within a downtrend so with breaking the bottom boarder, the pair will continue declining targeting the level 0.9105 which represents the target of this pattern in this bearish case, but if the pair succeeded to break the top boarder it will be a reflective pattern and will shift the direction of the pair into bullish direction targeting to reach the level 0.9420 which represents 38.2% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9201).
Res: 0.9350 0.9385 0.9444
Pivot: 0.9291
Sup: 0.9256 0.9197 0.9162
[ATTACH]8221[/ATTACH]
USD/CAD
The pair is moving in a very narrow domain for the short-term trades and for the intraday levels whereas the pair is limited between the resistance level 0.9740 and the support level 0.9715 with the expectations on continuing these narrow trades during the intraday levels with tending the pair to rise, if the pair is able to break the resistance level 0.9740 with a good close above it therefore for the expected that the pair will target the resistance level 0.9766.
But in case of breaking the support level 0.9715 and the stability below it, the pair will target the support level 0.9682.
Res: 0.974 0.9763 0.9776
Pivot: 0.9727
Sup: 0.9704 0.9691 0.9668
[ATTACH]8222[/ATTACH]
AUD/USD
It's noticed in the chart that the pair is in process of forming a continuous pattern for the bullish direction which is the bullish flag pattern, forming this pattern came to confirm the ability of the pair on continuing forming the bullish direction for the medium-term, therefore it's expected during the next trades that the pair will break the top border for the flag which is expected to coincide at it the price with the resistance level 1.0152, breaking this area will push the pair to continue rising towards the targeted area for the pattern which is located between the level 1.0277 which represents 161.8% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 1.0075 ) and the level 1.0295, reaching this area; the resistance level 1.0200 also must be broken with a good close above it.
This expectation depends on the stability of the support level 1.0075.
Res: 1.0178 1.0213 1.0240
Pivot: 1.0151
Sup: 1.0116 1.0089 1.0054
[ATTACH]8223[/ATTACH]
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EUR/USD
The trades of the pair yesterday were narrow between the support level 1.3955 and the level 1.4035 which represents one of the resistance levels of the top boarder of the bullish channel in which the pair is moving. Closing yesterday trades with a daily reversal candle paves the way to a corrective bearish wave for the last bullish wave (from 1.3743 to 1.4035) this bearish wave will be confirmed after breaking the support level 1.3955 then it will continue forming the bearish wave targeting the support levels 1.3923 and 1.3889 which represent 38.2% and 50.0% Fibonacci's correction levels for the same mentioned bullish wave. This bearish scenario requires the stability of the resistance level 1.4035 which with its breaking up the pair will continue rise during the upcoming trades targeting to reach the resistance level 1.4129 which represents 161.8% Fibonacci's continuous level for the bearish direction (from 1.3861 to 1.3428).
Res: 1.4016 1.4065 1.4096
Pivot: 1.3985
Sup: 1.3936 1.3905 1.3856
GBP/ USD
As it was expected through yesterday's report, the pair retreated yesterday breaking the support level 1.6240 after trying to test resistance level 1.6340 but it was in vain, the pair reflected strongly with a confused move expecting more retreating during today's intraday trades specially after breaking the simple moving average for the last 50 candles and touching the support level 1.6200 which represents 23.6% fibonacci's correction level for the last bullish wave for the long-term and it is expected also that, during falling, the pair will target the support level 1.6115 which represents 38.2% fibonacci's correction level of the same mentioned wave.
The stability of these expectations requires the stability of the resistance level 1.6240.
Res: 1.6299 1.6398 1.6457
Pivot: 1.6240
Sup: 1.6141 1.6082 1.5983
USD/CHF
Through this chart it is noticed that the pair is forming a rectangle pattern that continues the direction after breaking one of its boarders, the resistance level 0.9325 represents the top boarder of the pattern and the area between the support level 0.9230 and the level 0.9201 represents the bottom boarder of the pattern, the pattern came within a downtrend so with breaking the bottom boarder, the pair will continue declining targeting the level 0.9105 which represents the target of this pattern in this bearish case, but if the pair succeeded to break the top boarder it will be a reflective pattern and will shift the direction of the pair into bullish direction targeting to reach the level 0.9420 which represents 38.2% Fibonacci's correction level for the downtrend (from 0.9774 to 0.9201).
This analysis is still remaining till now
Res: 0.9282 0.9298 0.9322
Pivot: 0.9258
Sup: 0.9242 0.9218 0.9202
USD/CAD
The pair is not moving inside the sideway channel for the short-term and the intraday levels as noticed in the chart, the pair is moving in a narrow range between the resistance level 0.9741which represents the top border for the channel and the support level 0.9706 which represents the lower border for the channel, this pattern gives a strong signal for the pair direction on breaking one of these borders, as noticed that the pair formed a pattern after ending the bearish move, if the pair broke the support level 0.9706 which represents the lower border for the channel and the stability below it therefore the pair will target the support level 0.9670, but if the pair will be able to break the resistance level 0.9741which represents the top border for the channel therefore the pair will target the resistance level 0.9775.
Res: 0.9748 0.9766 0.9791
Pivot: 0.9723
Sup: 0.9705 0.968 0.9662
AUD/USD
The pair tried during yesterday trades to break the top border for the bullish flag pattern but it was unable to break the resistance level 1.0185 which pushed the pair down again to trade inside the bullish flag pattern, although of this scenario but it's expected that breaking the top border for the flag with breaking the resistance level 1.0185 up the pair will continue rising till the level 1.0277 which represents the targeted price for the pattern and also represents 161.8% Fibonacci retracement correction level for the bearish direction ( from 1.0200 to 1.0075 ).
This expectation depends on the stability of the support level 1.0075.
Res: 1.0169 1.0222 1.0262
Pivot: 1.0129
Sup: 1.0076 1.0036 0.9983
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EUR/USD
As it was expected yesterday the pair formed a corrective bearish wave for the last bullish wave (from 1.3743 to 1.4035) after breaking the support level 1.3955 which became a resistance level. it was mentioned that this corrective bearish wave is targeting to re-test the bottom boarder of the bullish channel in which the pair is still moving for the medium and the long-term and this is what already happened whereas, during the last intraday trades the pair was trying to confirm forming a bottom at which the price coincides with the support level 1.3855 which represents 61.8% Fibonacci correction level for the bullish wave with the bottom boarder of the bullish channel. Holding this bottom steady means returning the pair to rise again in order to re-test the nearest resistance levels one of which is the level 1.3955 but in the case of breaking the support level 1.3855 with the bottom boarder of the bullish channel means the tendency of the pair to continue its downtrend for the medium-term targeting to reach the level 1.3743.
Res: 1.3974 1.4044 1.4100
Pivot: 1.3918
Sup: 1.3848 1.3792 1.3722
[ATTACH]8246[/ATTACH]
GBP/ USD
As it was expected yesterday, indeed, the pair declined breaking the level 1.6200 which represents 23.6% Fibonacci correction level for the last bullish wave for the medium-term, reaching the support level 1.6115 to test it which represents 38.2% Fibonacci correction level for the same mentioned bullish wave and still stable against the pair testing till now, expecting a little reflect upwards targeting to re-test the resistance level 1.6200 to continue declining downwards again.
So, it is not recommended to have any bearish positions until the pair break the support level 1.6115 then it will reach the support level 1.6045 which represents 50.0% Fibonacci correction level for the same mentioned wave.
The stability of these expectations requires the stability of the resistance level 1.6200.
Res: 1.6203 1.6246 1.6286
Pivot: 1.6163
Sup: 1.6120 1.6080 1.6037
[ATTACH]8247[/ATTACH]
USD/CHF
The pair succeeded to break up the resistance level 0.9325 which represents the top boarder of the rectangle pattern, this means that this pattern became reversal for the downtrend, so it is expected that, the pair will continue rising during the upcoming trades targeting to reach the level 0.9420 which represents 38.2% Fibonacci correction level for the downtrend (from 0.9774 to 0.9201).
The stability of these expectations requires the stability of the support level 0.9325.
Res: 0.9389 0.9427 0.9491
Pivot: 0.9325
Sup: 0.9287 0.9223 0.9185
[ATTACH]8248[/ATTACH]
USD/CAD
The pair is moving inside a sideways channel for the short-term and the intraday levels as noticed in the chart, the pair is moving in a narrow range between the resistance level 0.9741which represents the top border for the channel and the support level 0.9706 which represents the lower border for the channel, this pattern gives a strong signal for the pair’s direction on breaking one of these borders, as noticed that the pair formed a pattern after ending the bearish move, if the pair broke the support level 0.9706 which represents the lower border for the channel with stability below it therefore the pair will target the support level 0.9670, but if the pair was able to break the resistance level 0.9741which represents the top border for the channel therefore the pair will target the resistance level 0.9775
The previous analyze still remains
Res: 0.9735 0.9759 0.9774
Pivot: 0.9720
Sup: 0.9696 0.9681 0.9657
[ATTACH]8249[/ATTACH]
AUD/USD
The pair developed from it's movement inside the bullish flag pattern to the movement inside a bearish channel for the medium and the short-terms, whereas it's able to break the support level 1.0075 to form a new bottom at the support level 1.0055 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9965 to 1.0200 ) the price coincides at this level with the lower border for the bearish channel therefore the pair formed a bottom to push up from it during the last intraday trades trying to test the nearest resistance level and also to test the top border for the bearish channel, from these levels the level 1.0134 which represents 61.8% Fibonacci retracement correction level for the bearish direction ( from 1.0183 to 1.0055 ).
This expectation depends on the stability of the support level 1.0055.
Res: 1.0135 1.0174 1.0215
Pivot: 1.0094
Sup: 1.0055 1.0014 0.9975
[ATTACH]8250[/ATTACH]
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