[B]EURUSD[/B]
During the last week trades, Euro rose against the U.S Dollar for the third consecutive day, at the beginning of the current week trades, Euro formed a bullish gap which confirms the strength of the corrective bullish movement for the bearish direction (from 1.4281 to 1.3446), through the previous reports it is was mentioned that, the pair is targeting the level 1.3765 which represents 38.2% correction level for the mentioned bearish direction, which represents also the target of the broken-up bearish channel, and that what was confirmed during the last trades by reaching the mentioned level, it is expected that, in case of breaking this level, the pair will continue rising targeting the level 1.4084 which represents 76.4% correction for the same bearish direction, but under the condition of breaking the levels 1.3864 and 1.3962 which represent 50% and 61.8% correction levels for the same bearish direction.
The stability of these expectations depends on the stability of the support level 1.3640.
Res. 1.3737 1.3795 1.3860
Pivot 1.3672
Sup. 1.3614 1.3549 1.3491
[B]GBPUSD[/B]
The pair ended the last week trades falling, at the last Friday, although the pair gained last Thursday.
At this chart, a harmonic pattern appeared at the forming stage, and now is forming the last wave (CD) for the pattern, and it is supposed for the end of this wave to be locate around the area between the resistance level 1.6190 and the level 1.6270, so, it is expected, during the intraday trades of today, that the pair will rise targeting these levels, this target will be confirmed after breaking the resistance level 0.6080 which represents the B point which the pair fell from it during Friday trades.
The stability of these expectations depends on the stability of the support level 1.5930.
RES. 1.6072 1.6162 1.6231
Pivot 1.6003
Sup. 1.5913 1.5844 1.5754
[B]USDCHF[/B]
The direction of the pair for the short period is bullish, and forming a gartly positive pattern is noticed, this pattern refers to the possibility of reflecting the pair down as a corrective reflection for the bullish direction for the short period but after the pattern complete forming, which supposed to be completed by reaching the probable reflection area for the D point that ends the pattern and located in the area located between the resistance level 1.0015 and the level 1.0055. so, the price should be observed when reach this area, though, the appearance of any positive signals means a beginning of a correction bullish direction to target the support level 0.9825 as the first target of this correction movement and that also coincides with the bottom line of the pitchfork bullish channel.
RES. 0.9982 1.0050 1.0104
Pivot 0.9928
Sup. 0.9860 0.9806 0.9738
[B]USDCAD[/B]
With the opening for this week trades, the pair registered a bearish price gap that made the pair able to break the bottom line for the bullish channel for the short period and also enables the pair to break the support level 1.0155 to give more strength for the next bearish move for the pair which is expected to be seen for the pair during the next trades, where the pair is tending to fall targeting the level 1.0065 which is located at 23.6 % correction level for the bearish direction ( from 1.0373 to 0.9978 ) which was broken up before and also which represents the target for the broken channel.
This expectation depends on the stability of the resistance level 1.0220.
Res. 1.0222 1.0264 1.0295
Pivot 1.0191
Sup. 1.0149 1.0118 1.0075
[B]AUDUSD[/B]
As expected in the last week report that the pair was forming the right shoulder for head and shoulders reflecting pattern, where the pair completed this shoulder during the last trades, then the pair rose up breaking the neck line for the pattern, in this trades the pair is trying to confirm breaking this line, confirming this breaking means a further rise to reach the target for the pattern which is expected to be between the level 1.0074 which represents 76.4% correction level for the bearish direction ( from 1.0182 to 0.9723 ) and the resistance level 1.0100.
This expectation depends on the stability of the support level 0.9810.
Res. 0.9908 0.9957 1.0004
Pivot 0.9861
Sup. 0.9812 0.9765 0.9716