GIGFX Technical Analysis Report For Majors (Updated Daily) - page 10
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EUR/USD
As it was expected through yesterday report, the bullish strong positions pushed the pair to break the resistance level 1.4401 to continue rising till reached the resistance level 1.4519, this level also was unable to hold along against rising the pair and indeed it has been broken up, during the trades of the Asian market the pair continued its strong rising till reached the level 1.4617 which represents 127% of Fibonacci's continuous level for the bearish move (from 1.4519 to 1.4157), it is expected with breaking this level that the pair will continue rising till reaches the level 1.4743 which represents 161.8% of Fibonacci's continuous level for the same mentioned move.
The stability of these expectations requires the stability of the support level 1.4519.
Res: 1.4602 1.4683 1.4820
Pivot: 1.4465
Sup: 1.4384 1.4247 1.4166
GBP/ USD
As it was expected through yesterday report the pair succeeded to rise reaching the level 1.6425 amid strong bullish positions that pushed the pair to break this level with stability above it expecting more rising during the upcoming intraday trades targeting the resistance level 1.6495 which represents 127% of Fibonacci's continuous level for the last corrective bearish wave for the medium-term then reflecting to re-test the previously broken level 1.6425.
Res: 1.6451 1.6496 1.6568
Pivot: 1.6379
Sup: 1.6334 1.6262 1.6217
USD/CHF
The pair was unable to break the resistance level 0.9001 and formed a new top at the same level; with forming this top the existence of a negative divergence that shifts the bullish direction for the near-term is noticed. so it is expected that the pair will return to decline for the medium-term targeting to test the support level 0.8896 which with its breaking down the pair will continue declining till reaches the level 0.8827 which represents 161.8% of Fibonacci's continuous level for the bullish move (from 0.8896 to 0.9007).
The stability of these expectations requires the stability of the resistance
level 0.9001.
Yesterday analysis is still remaining
Res: 0.9022 0.9045 0.9084
Pivot: 0.8983
Sup: 0.8960 0.8921 0.8898
USD/CAD
The bearish direction is still dominatingthe pair direction for the medium and the short-terms whereas forming the harmonic patternAB=CDis formed due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.
Res: 0.9558 0.9595 0.9627
Pivot: 0.9526
Sup: 0.9489 0.9457 0.9420
AUD/USD
Registering new records for the AUD/USD pair is still remaining till now, the pair achieved the highest price during yesterday trades at 1.0714 which was able to break it with the Asian trades continuing registering a new records, continuing rising the pair is expected reaching the level 1.0795 which represents 26.18% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ).
This expectation depends on the stability of the support level 1.0680.
Res: 1.0777 1.0844 1.0974
Pivot: 1.0647
Sup: 1.0580 1.0450 1.0383
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EUR/USD
During yesterday trades the pair continued rising before forming a top at the level 1.4648, this top pushed the pair downside to re-test the nearest support levels, the pair continued declining till reached the support level 1.4519 forming a bottom that is expected to be bullish bottom for the near-term, the pair rose from this bottom targeting to re-test the level 1.4648 which with its breaking the pair will continue rising till reach the level 1.4743 which represents 161.8% of Fibonacci's continuous level for the bearish move (from 1.4519 to 1.4157).
The stability of these expectations requires the stability of the support level 1.4519.
Res: 1.4631 1.4711 1.4774
Pivot: 1.4568
Sup: 1.4488 1.4425 1.4345
GBP/ USD
As it was expected through yesterday report, the pair rose inside the pitchfork channel as it broke up the middle rib of this channel expecting more rising during today's intraday trades targeting the resistance level 1.6660 which coincides with the top border of this channel.
The stability of these expectations requires the stability of the support level 1.6495.
Res: 1.6451 1.6496 1.6568
Pivot: 1.6379
Sup: 1.6334 1.6262 1.6217
USD/CHF
As it was expected through yesterday report, the pair continued declining registering new historical records as it reached the level 0.8827 which was unable to be stable against the pair's strong declining which remained till the level 0.8786 which represents 200% of Fibonacci's continuous level for the bullish move (from 0.8896 to 0.9007), the pair formed a bottom at this level and pushed from it upside to re-test the nearest resistance levels, the pair is trading around the level 0.8866 and if it succeeded to break this level up it will continue rising till reach the level 0.900, but the pair is expected to form a top that will force it to return declining to re-test the support level 0.8786 which with its breaking down the pair will target the level 0.8718 which represents 261.8% of Fibonacci's continuous level for the same mentioned bullish move.
The stability of these expectations requires the stability of the resistance level 0.8866.
Res: 0.8908 0.8956 0.9020
Pivot: 0.8844
Sup: 0.8796 0.8732 0.8684
USD/CAD
The bearish direction is still dominating the pair direction for the medium and the short-terms whereas forming the harmonic pattern AB=CD is still in process due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.
Yesterday analysis is still remaining
Res: 0.9559 0.9589 0.9643
Pivot: 0.9505
Sup: 0.9475 0.9421 0.9391
AUD/USD
Registering new records for the AUD/USD pair is still remaining till now, the pair achieved the highest price during yesterday trades at 1.0773, a top will be formed which will push the pair down retesting the support level 1.0725, if a bottom is formed at this level therefore it's expected that there's a bullish move again during the next trades by reaching the level 1.0795 which represents 26.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ).
This expectation depends on the stability of the support level 1.0725.
Res: 1.0787 1.0829 1.0885
Pivot: 1.0731
Sup: 1.0689 1.0633 1.0591
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EUR/USD
The trades of the last week were narrow as a result of the European banks' holiday, it is expected to continue these narrow trades during today's trades as it is supposed to move between the resistance level 1.4605 and the support level 1.4530 but in the case of breaking the level 1.4605 up it is expected that the pair will rise targeting the level 1.4743 which represents 161.8% of Fibonacci's correction level for the bearish move (from 1.4519 to 1.4157).
The stability of these expectations requires the stability of the support level 1.4519.
Res: 1.4584 1.4614 1.4639
Pivot: 1.4559
Sup: 1.4529 1.4504 1.4474
[ATTACH]8642[/ATTACH]
GBP/ USD
As it was expected through the last week's report, the pair rose inside the pitchfork channel as it broke up the middle rib of this channel expecting more rising during today's intraday trades targeting the resistance level 1.6660 which coincides with the top border of this channel.
The stability of these expectations requires the stability of the support level 1.6495.
Res: 1.6555 1.6596 1.6625
Pivot: 1.6526
Sup: 1.6485 1.6456 1.6415
[ATTACH]8643[/ATTACH]
USD/CHF
It is noticed through this chart that the last trades were narrow as a result of the holiday of the Swiss banks which is still remaining till now although with the beginning of this week so that it is expected for the pair to continue trading in narrow trades, but if the pair broke the resistance level 0.8866 more rising is expected for the pair till reach the level 0.9001 and if the pair broke the support level 0.8786 downwards, the pair will continue declining till reach the next support level 0.8718.
Res: 0.8881 0.8894 0.8912
Pivot: 0.8863
Sup: 0.8850 0.8832 0.8819
[ATTACH]8644[/ATTACH]
USD/CAD
Since last week the bearish direction is still dominating the pair direction for the medium and the short-terms whereas forming the harmonic pattern AB=CD is still in process due to the price movement, it's moving now to form the last CD wave which is targeting the support level 0.9261 to end the pattern by finishing forming this wave therefore it's expected that the pair will continue declining with the probability of retesting the resistance level 0.9524 which represents the B point for the formed pattern.
Success of this scenario depends on the stability of the resistance level 0.9524 which represents the B point.
Yesterday analysis is still remaining
Res: 0.9538 0.9547 0.9558
Pivot: 0.9527
Sup: 0.9518 0.9507 0.9498
[ATTACH]8645[/ATTACH]
AUD/USD
The pair is still unable to break the resistance level 1.773 till now to form another top pushed down from it to retest the nearest support levels, from it the level 1.0712 if a bottom is formed at this level means rising again by reaching the level 1.0795 which represents 261.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0577 to 1.0442 ) but in case of breaking the support level 1.0712 down means a further drop till the next support level 1.0660.
Res: 1.0755 1.0773 1.0791
Pivot: 1.0737
Sup: 1.0719 1.0701 1.0683
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EUR/USD
As it is noticed through this chart, the pair broke the support level 1.4532 which represents 23.6% of Fibonacci's correction level for the bullish move (From 1.4157 to 1.4648) giving the first sign of the beginning of its bearish corrective direction for the near-term, it is expected that the pair will decline targeting the level 1.4403 which represents 50.0% of Fibonacci's correction level for the same bullish move but under the condition of breaking the support level 1.4460.
The stability of these expectations requires the stability of the resistance level 1.4590.
Res: 1.4629 1.4678 1.4730
Pivot: 1.4577
Sup: 1.4528 1.4476 1.4427
GBP/ USD
The bullish direction is still dominating the pair trades for the near and medium-term as the pair is forming the harmonic pattern AB=CD, this pattern has been confirmed by breaking the level 1.6440 upside expecting more rising waves targeting the resistance level 1.6655 which is expected to be the end of the harmonic pattern (CD wave).
The stability of these expectations requires the stability of the support level 1.6440.
Res: 1.6544 1.6591 1.6630
Pivot: 1.6505
Sup: 1.6458 1.6419 1.6372
USD/CHF
It is noticed through this chart that the pair formed a second consecutive bottom at the support level 0.8780, and this is regarded as one of the conditions for the existence of a double bottom pattern that reverses the direction, the pair should break the top of this pattern at the resistance level 0.8878 then it will continue rising till reaches the level 0.8989 which represents the target of the pattern and at the same time represents 38.2% of Fibonacci's correction level for the bearish move (from 0.9339 to 0.8780).
The stability of these expectations requires the stability of the support level 0.8780
Res: 0.8866 0.8921 0.8968
Pivot: 0.8819
Sup: 0.8764 0.8717 0.8662
USD/CAD
The pair took the bearish direction as a dominant direction during the previous trades for the long and medium-terms, it formed a slight trend line, moving above this line to correct the direction which began from the level 0.9453.therefore while trading the pair above this line, it will reach the resistance level 0.9586 and the stability above this level will give the pair the chance to continue correcting the direction till reaching the resistance level 0.9657.
But the pair’s ability on breaking this line at the support level 0.9527, this will be a sign on retesting the bottom where the corrective wave began from.
Res: 0.9566 0.9591 0.9623
Pivot: 0.9534
Sup: 0.9509 0.9477 0.9452
AUD/USD
As noticed in the chart, there are negative signs for the bullish direction represented by failing to break the resistance level 1.0773, also trading below the moving average, the last sign is breaking the support level 1.0712, all these signs confirms the beginning of a bearish corrective direction for the short-term. it's expected that it will retest the bullish trend line for the long-term which is expected to coincide at it the price with one of the confined support area between the level 1.0608 and the level 1.0568 which represents 50% and 61.8% Fibonacci retracement correction level for the bullish direction ( from 1.0442 to 1.0773 ).
This expectation depends on the stability of the resistance level 1.0730.
Res: 1.0768 1.0817 1.0860
Pivot: 1.0725
Sup: 1.0676 1.0633 1.0584
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EUR/USD
As it was expected through yesterday analysis, the pair continued rising till reached the level 1.4803 which represents 20.00% of Fibonacci's continuous level for the bearish move (from 1.4648 to 1.4493) to continue rising for the medium-term which is expected to continue inside a bullish channel, through this bullish direction it is noticed that the pair is in the forming stage of the pattern (1.2.3) that targets to reach the level 1.4985 which represents one of the resistance levels of the top border of the bullish channel.
The stability of these expectations requires the stability of the support level 1.4083.
Res: 1.4844 1.4901 1.5007
Pivot: 1.4738
Sup: 1.4681 1.4575 1.4518
GBP/ USD
As it was expected through yesterday analysis, the pair continued rising reaching the resistance level 1.6655 then broke it amid more rising expectations as it is forming the harmonic pattern AB=CD which has been confirmed by breaking the resistance level 1.6600 expecting more rising targeting the resistance level 1.6860 during today's intraday levels, the end of the pattern will be at this level; at the end of the wave CD, this level also coincides with the top border of the pitchfork channel as it is noticed through this chart, this confirms the expectations of rising the pair.
The stability of these expectations requires the stability of the support level 1.6600.
Res: 1.6720 1.6779 1.6922
Pivot: 1.6577
Sup: 1.6518 1.6375 1.6316
USD/CHF
The pair is still moving inside a bearish channel for the short and the medium-term, it was expected through yesterday report that the pair will use the existence of a positive divergence for the RSI index to rise to test the resistance level 0.8780 and this is what happened indeed then the pair continued rising till formed a top at the level 0.8835, this top coincided with the top border of the bearish channel, this top forced the pair to decline to test the nearest support level, the pair is in its way to test the support level 0.8671 which with its breaking the pair may decline till reaches the level 0.8571 to register a new low historical record.
Res: 0.8828 0.8911 0.8990
Pivot: 0.8749
Sup: 0.8666 0.8587 0.8504
USD/CAD
The bearish direction is still dominating the movement of the pair for the short and the medium-term as it is still noticed that the pair is forming a harmonic pattern AB=CD and although the pair tried to break the point B for the second time but the pair returned to move in the range of the last rib CD of the pattern which targets the support level 0.9261 to complete the pattern by completing this wave, so it is expected that the pair will continue declining with probability of testing the resistance level 0.9524 which represents the point B for the formed pattern.
The stability of these expectations requires the stability of the resistance level 0.9524 which represents the point B.
The previous analyze remains
Res: 0.9551 0.9607 0.9640
Pivot: 0.9518
Sup: 0.9462 0.9429 0.9373
AUD/USD
As expected in the previous report, the pair was able to break the resistance level 1.0845 to continue forming the remaining part of the CD rib for the AB=CD harmonic pattern, whereas the pair registered a new record during yesterday trades by achieving the highest price at 1.0877 which didn't hold much against rising the pair during the Asian trades where the pair is still registering a new records reaching the level 1.0946, expecting with breaking this level that the pair will continue rising to reach the level 1.1000 which represents the complement D point for the harmonic pattern.
This expectation depends on the stability of the support level 1.0845.
Res: 1.0907 1.0944 1.1011
Pivot: 1.0840
Sup: 1.0803 1.0736 1.0699
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EUR/USD
Yesterday trades were in a narrow range and reflect collecting the needed momentum that the pair will use to continue rising for the medium and the long-term, it is still expected that the pair will continue rising during the upcoming trades targeting to reach the level 1.4985 which represents the target of the pattern (1.2.3), in order to reach this level the pair should break the resistance level 1.4880.
The stability of these expectations requires the stability of the support level 1.4770.
Res: 1.4878 1.4936 1.4991
Pivot: 1.4823
Sup: 1.4765 1.4710 1.4652
GBP/ USD
As it was expected through yesterday analysis, the pair continued rising reaching the resistance level 1.6655 then broke it amid more rising expectations as it is forming the harmonic pattern AB=CD which has been confirmed by breaking the resistance level 1.6600, expecting more rising for the pair targeting the resistance level 1.6860 during today's intraday levels, the end of the pattern at the end of the wave CD will be at this level; this level also coincides with the top border of the pitchfork channel as it is noticed through this chart, this confirms the expectations of rising the pair .
The stability of these expectations requires the stability of the support level 1.6600.
Yesterday analysis is still remaining
Res: 1.6709 1.6789 1.6833
Pivot: 1.6665
Sup: 1.6585 1.6541 1.6461
USD/CHF
The pair is still moving inside a bearish channel for the short and the medium-term as the pair formed a bottom at the level 0.8685 which succeeded to stop the expected decline of the pair till now, so it is expected with breaking down this level that the pair will continue declining targeting the level 0.8571 which represents one of the support levels of the bottom border of the bearish channel.
The stability of these expectations requires the stability of the resistance level 0.8780.
Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628
USD/CAD
The bearish direction is still dominatingthe pair direction for the medium and the short-terms whereas the pair is forming the harmonic pattern AB=CD although trying the pair breaking the B point but the pair since the beginning of this week entered the confined area between the support level 0.9466 and the resistance level 0.9554. It’s expected that the pair will retest the lower border for the confined area which is the support level 0.9554 to continue the last CD wave which is targeting the support level 0.9261
Success of this scenario up depends on the stability of the resistance level 0.9524 which represents the B point.
Res: 0.9551 0.9607 0.9640
Pivot: 0.9518
Sup: 0.9462 0.9429 0.9373
AUD/USD
As expected in the previous reports, the pair was able to break the resistance level 1.0845 to continue forming the remaining part of the CD rib for the AB=CD harmonic pattern, whereas the pair registered a new record during the day before yesterday trades by achieving the highest price at 1.0877 which didn't hold much against rising the pair during the Asian trades where the pair registered a new records reaching the level 1.0946, expecting with breaking this level that the pair will continue rising to reach the level 1.1000 which represents the complement D point for the harmonic pattern.
This expectation depends on the stability of the support level 1.0845.
This analyze is still remains till now
Res: 1.0965 1.1004 1.1062
Pivot: 1.0907
Sup: 1.0868 1.0810 1.0771
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EUR/USD
As noticed in the chart, the pair formed the second consecutive top at the resistance level 1.4880, by that the first condition of remaining a reflective pattern for the bullish direction which is the ( double consecutive tops ) is found; the most important condition is breaking the base of the pattern at the support level 1.4770, it's also noticed that the (1.2.3) pattern is not completed till now whereas the pair is reaching the level 1.4985, if the reversal bullish pattern is completed therefore it's difficult to complete the (1.2.3) pattern but in case of failing the reversal pattern by breaking the support level 1.4880, the pair will continue the bullish wave till reaches the level 1.4985. In case of confirming breaking the support level 1.14770 with breaking the bullish trend line, the pair will continue declining till reaches the level 1.4660 which represents the targeted price for the ( double consecutive tops ) pattern.
Res: 1.4853 1.4901 1.4926
Pivot: 1.4828
Sup: 1.4780 1.4755 1.4707
GBP/ USD
The resistance level 1.6720 was able to hold against testing the pair for it double consecutive times, forming a reflective pattern for the bullish direction which is the double consecutive tops therefore it's expected during the intraday trades declining the pair but in case of breaking the base of the pattern at the support level 1.6625 with a good close below it will push the pair to target the support level 1.6510.
This expectation depends on the stability of the resistance level 1.6720.
Res: 1.6743 1.6780 1.6840
Pivot: 1.6683
Sup: 1.6646 1.6586 1.6549
USD/CHF
As observed for the USD/CHF chart, the pair remains trading between a bearish channel lines during the short and medium periods, where the pair could not break down the support level 0.8648 during the Asian trades, which is the bottom the pair formed during last week tradesto rise from it, so it is expected that the pair will continue rising in order to retest the resistance level 0.8739 that may coincide with the channel top line, which if the pair was able to trade above it; the pair will rise targeting the resistance level 0.8832, and if the pair was able to hold above this level it will target 0.8922 resistance level.
This analyze requires the breaking of the resistance level 0.8739 which may coincides with the channel top line.
Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628
USD/CAD
The pair stood away at the end of the previous week from the resistance level 0.9523 which represents the B point for the AB=CD harmonic pattern that was mentioned before whereas it's inability on breaking it, gave the pair a strong chance to complete the pattern whereas the pair is still on process of forming the last CD wave targeting the support level 0.9261 although of breaking the pair the support level 0.9469 at the end of the previous week which represents the bottom border for the confined area but the pair came back inside the confined area with the beginning of the Asian trades but this doesn't effect on the expectations of declining the pair to complete the pattern targeting the support level 0.9261.
But completing this scenario depends on the stability of the pair below the resistance level 0.9554 which represents the B point.
Res: 0.9516 0.9581 0.9616
Pivot: 0.9481
Sup: 0.9416 0.9381 0.9316
AUD/USD
The AUD/USD pair taking the bullish move as it main direction inside a medium bullish channel lines, where it is expected with the stability of the support level 1.0859 that the pair will continue rising to target the resistance level 1.1050, but if the pair traded under this level with trading under the channel bottom line it will have a bearish move in order t retest the nearest support level that may lead it to the support level 1.0770.
Res: 1.0999 1.1035 1.1095
Pivot: 1.0939
Sup: 1.0903 1.0843 1.0807
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EUR/USD
After the pair has formed a second straight top at the resistance level 1.4880, the pair retested the support level 1.4770 that its breaking was a confirmation of existing the double bottom pattern as the pair formed a new bottom at this level and used it to push for the third time to test the resistance level 1.4880 forming a third consecutive new top at the same level, this is one of the conditions of forming the reversal treble bottom pattern, and breaking the bottom of the pattern at the support level 1.4770 is the remaining condition. It is noticed also that the1.2.3 pattern did not completed till now as it is targeting to reach the level 1.4985, if the harmonic reversal pattern that reflects the bullish direction completed, it is hard to complete the 1.2.3 pattern but if the pair failed to complete the late pattern by breaking the resistance level 1.4880 the pair will continue rising till reach the level 1.4985. if the pair successfully broke the support level 1.4770 it will continue declining targeting to reach the level 1.4660 which represents the target of the treble bottom pattern.
Res: 1.4899 1.4969 1.5038
Pivot: 1.4830
Sup: 1.4760 1.4691 1.4621
GBP/ USD
The resistance level 1.6270 was able to be stable against the pair testing for two consecutive times forming a double top pattern that reflects the bullish direction so that it is expected during today's intraday levels that the pair may decline but under the condition of breaking the bottom of this pattern at the level 1.6625 that the pair broke at the beginning of today's trades and still moving around it so, closing with stability below it may push the pair to target the support level 1.6510.
The stability of these expectations requires the stability of the resistance level 1.6270.
Res: 0.8691 0.8729 0.8762
Pivot: 0.8658
Sup: 0.862 0.8587 0.8549
USD/CHF
As observed for the USD/CHF chart, the pair is still trading between a bearish channel lines during the short and medium periods, where the pair could not break down the support level 0.8633 during the Asian trades, which is the bottom the pair formed during last week tradesto rise from it, so it is expected that the pair will continue rising in order to retest the resistance level 0.8739 that may coincide with the channel top line, which if the pair was able to trade above it; the pair will rise targeting the resistance level 0.8832, and if the pair was able to hold above this level it will target 0.8922 resistance level.
This analyze requires the breaking of the resistance level 0.8739 which may coincides with the channel top line.
Res: 0.8766 0.8797 0.8835
Pivot: 0.8728
Sup: 0.8697 0.8659 0.8628
USD/CAD
As observed in the chart that the par is facing at a confusion area between the support level 0.9450 and the resistance level 0.9556 after declining the momentum which the pair does it yesterday nearest the support level 0.9450 which represents the lower border for the confusion area and it was unable to close a good close below it therefore it's expected that the pair will try to test the resistance level 0.9556 which represents the top border for the confusion area.
But the stability of the pair above the support level 0.9450 which represents the lower border for confusion area with taking in account that determining the pair main directions after breaking one of the confusion area borders.
Res: 0.9532 0.9561 0.9605
Pivot: 0.9488
Sup: 0.9459 0.9415 0.9386
AUD/USD
The AUD/USD pair taking the bullish move as it main direction inside a medium bullish channel lines, where the pair fell during the previous short trades to retest the channel bottom line, which is expected with the stability of that line with the stability of the support level 1.0859 that the pair will continue rising to target the resistance level 1.1050, but if the pair traded under this level with trading under the channel bottom line it will have a bearish move in order t retest the nearest support level that may lead it to the support level 1.0770.
Res: 1.0996 1.1048 1.1086
Pivot: 1.0958
Sup: 1.0906 1.0868 1.0816
[ATTACH]8700[/ATTACH]
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EUR/USD
The trades of the pair are still moving in a confusion area between the resistance level 1.4880 and the level 1.4770, this area was expected to present reversal pattern but was not completed, this area now represents the rectangle pattern so it is better during the upcoming trades to wait for breaking one of the pattern's boarders to determine the upcoming direction of the pair, if the pair breaks the resistance level 1.4880 it will continue rising targeting the level 1.4985 which represents the target of the pattern 1.2.3 which has not achieved yet and in the case of breaking the support level 1.4770, the pair will continue declining targeting the level 1.4660 which represents the target of this bearish case.
Res: 1.4891 1.4957 1.5025
Pivot: 1.4823
Sup: 1.4757 1.4689 1.4623
GBP/ USD
As it was expected through yesterday report, indeed, the pair declined reaching the support level 1.6555 that has been broken from the first testing process and also which represents 23.6% of Fibonacci's correction level for the last bullish wave for the medium-term and retested it again before declining reaching the support level 1.6435 to test it, this level represents 38.2% of the same mentioned Fibonacci's levels expecting more declining during today's intraday trades but under the condition of breaking the support level 1.6435 that if the pair succeeded to break it with stability below it, the pair will decline targeting the support level 1.6340 as the first target of declining and also this level represents 50.0% of the same mentioned Fibonacci's correction levels.
The stability of these expectations requires the stability of the resistance level 1.6555.
Res: 1.6609 1.6733 1.6806
Pivot: 1.6536
Sup: 1.6412 1.6339 1.6215
USD/CHF
As it is noticed through this chart, the pair is still moving inside a bearish channel for the short and the medium-term as the pair ended trading yesterday after forming a new bottom at the support level 0.8596 but at the beginning of the Asian session today it took the bullish direction so it is expected that the pair may continue rising till reaches the resistance level 0.8693 which represents the top border of the channel and if the pair broke this level with stability above it, the pair may target the resistance level 0.8784 and if it succeeded to break it thenthe pair may target the resistance level 0.8874.
The stability of these expectations requires the stability of the support level 0.8596.
Res: 0.8657 0.8703 0.8734
Pivot: 0.8626
Sup: 0.8580 0.8549 0.8503
USD/CAD
Yesterday the pair reached the mentioned targeted price which is near to the resistance level 0.9556 which also represents the top border of the sideways channel but the pair is unable to break this level withstability above it therefore this gives a signal that the pair will take the bearish direction till it retests the support level 0.9450 which represents the lower border for the mentioned channel.
This expectation depends on the stability of the pair below the resistance level 0.9556 which represents the top border for the channel.
Res: 0.9557 0.9590 0.9641
Pivot: 0.9506
Sup: 0.9473 0.9422 0.9389
AUD/USD
The AUD/USD pair was able to break the bullish channel bottom line during the past trades to reach the expected support level 1.0770, which conceder an initial indicator for the bullish movement weakness for the medium trades, that may push down the pair to break down 1.0770 support level, targeting 1.0680 level, with a good chance to retest the broken channel bottom line with testing 1.0985 level.
Res: 1.0917 1.0991 1.1031
Pivot: 1.0877
Sup: 1.0803 1.0763 1.0689
[ATTACH]8708[/ATTACH]
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EUR/USD
As it is noticed through this chart, the pair broke the resistance level 1.4880 with stability above it but it did not continue and reflected down strongly from this level, also the pair did not achieve any daily close above the level 1.4880, all these signs reflects the difficulty of breaking this level so, it is expected that the pair may re-test the support level 1.4770 which with its breaking down means more declining targeting the level 1.4660 which represents the target of breaking out the confusion area.
The stability of these expectations requires the stability of the resistance level 1.4880.
Res: 1.4918 1.5010 1.5082
Pivot: 1.4846
Sup: 1.4754 1.4682 1.4590
GBP/ USD
The pair is forming Gartley harmonic pattern for the short-term as it tested the support level 1.6480 which represents the point C of the pattern and 76.4% of fibonacci's correction level for the wave AB and now the pair is moving in the range of the last wave CD that targets the resistance level 1.6595 so it is expected that the pair may continue rise during the upcoming trades targeting this level then it will decline again.
The stability of these expectations requires the stability of the support level 1.6480.
Res: 1.6558 1.6629 1.6683
Pivot: 1.6504
Sup: 1.6433 1.6379 1.6308
USD/CHF
The pair registered a new record at the level 0.8548 in the same bearish channel for near and medium-term, but at the end of this candle the pair gave a sign of rising by forming the hammer candle so it is expected that the pair may continue rising targeting to test the resistance level 0.8678 which represents the top border of the channel, and if the pair was able to be stable above this level it may target to test the resistance level 0.9953.
The stability of these expectations requires the stability of the pair above the support level 0.9548.
Res: 0.8656 0.8698 0.8749
Pivot: 0.8605
Sup: 0.8563 0.8512 0.8470
USD/CAD
By ending yesterday trades the pair collect a bullish momentum till it broke the resistance level 0.9551 which was the confined top border till it rose and reached the resistance level 0.9596 so it's expected that the pair will continue rising till it targets the resistance level 0.9646 and if it is able to be stabile above this level therefore the pair will target the resistance level 0.9685 with the probability of remaining trying the pair to decline below the support level 0.9551 which was representing the top border for the confined area.
This scenario depends on closing the pair a good close above the resistance level 0.9596.
Res: 0.9626 0.9662 0.9724
Pivot: 0.9564
Sup: 0.9528 0.9466 0.9430
AUD/USD
The AUD/USD pair was able to break the bullish channel bottom line during the past trades to trade under the expected support level 1.0770 reaching 23.6% correction level for the bullish move from 0.9706 to 1.1011stopping the pair falling during the past short trades, which conceder an initial indicator for the bullish movement weakness for the medium trades, in case the pair tends to continue the bearish direction it's expected to reach 1.0680 level by trading under 23.6% correction level, but in case the pair tends to continue the main bullish movement that will be confirmed by trading above 1.0770 again, it will target the retesting of 1.1011 level which if broke the pair will target 1.1050 level.
Res: 1.0837 1.0930 1.0985
Pivot: 1.0782
Sup: 1.0689 1.0634 1.0541
[ATTACH]8727[/ATTACH]
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