[B]EURUSD[/B]
The European currency continued falling against the U.S dollar, whereas, during yesterday trades, euro registered the lowest price against the U.S dollar in the past 11 weeks at the level 1.2965 When reaching this level, the pair formed a bottom that the pair used it to rise during the last trades, it is noticed that, the level 1.2965 is around the target of the harmonic pattern which is expected to be completed at the (D) point which represents the area between the level 1.2954 and the level 1.2900 that represents 261.8% continuous level for the (BC) rip. Will the pair satisfy this falling by reaching the level 1.2965? Or, will form a lower bottom at the (D) point? This is what will be answered through the upcoming trades. If the support level 1.2965 continued holding, it is expected that, the pair will continue rising during the upcoming trades in order to retest the nearest resistance levels, one of which is the level 1.3110 and the level 1.3180.
Res. 1.3100 1.3215 1.3280
Pivot 1.3034
Sup. 1.2918 1.2853 1.2737
[B]GBPUSD[/B]
As it was expected yesterday, the pair fell but it was unable to reach the support level 1.5430 as it was expected through this bearish movement, now, the pair reflected up after registering the lowest price at the level 1.5483 and with this reflection, the pair reached the resistance level 1.5580 to test it, if this level held against the pair testing, the pair will continue falling targeting the support level 1.5430.
But in the case of good closing above the resistance level 1.5580 that means the pair will target the resistance level 1.5685 during the upcoming intraday trades, to close today’s trades bullishly.
RES. 1.5606 1.5658 1.5721
Pivot 1.5546
Sup. 1.5497 1.5434 1.5386
[B]USDCHF[/B]
Yesterday, the pair tried to break the support level 0.99702 where it could skip this level but failed to close below it, this is what pushed the pair up again testing the resistance level 1.0055 which still holds till now, and the movement of the pair during the short period trades is a sideways one between the resistance level 1.0055 and the support level 0.9970 to form a confusion area between those levels, breaking each of them supports the breaking direction.
RES. 1.0075 1.0118 1.0192
Pivot 1.0001
Sup. 0.9959 0.9884 0.9842
[B]USDCAD[/B]
After several attempts, the pair was able to break the bearish trend line for the long period, and it also was able to break the resistance level 1.0245 marking the beginning of forming a new bullish direction for the short period, where the pair continued rising till the level 1.0280 which represents 76.4% correction level for the bearish direction ( from 1.0373 to 0.9987 ), the pair formed a top at this level to fall from it during the last intraday trades to retest the nearest resistance levels and forming a bullish bottom that will use it to rise trying to break the level 1.0280 which with breaking it up expected to rise till the level 1.0340, it’s expected that the forming of the bullish bottom is between the level 1.0245 and the level 1.0220.
This expectation depends on the stability of the support level 1.0220.
Res. 1.0308 1.0353 1.0421
Pivot 1.0239
Sup. 1.0194 1.0127 1.0060
[B]AUDUSD[/B]
During the last trades for the short period, some positive reflective signals appeared which caused a reflection for the bearish direction that dominants the pair. one of these signals for the reflective pattern ( bearish wedge ) and also the appearance of a positive divergence which will reflect the next direction from the RSI index, the pair is trying to break the upper limit for the bearish wedge to begin forming a corrective bullish direction for the short period, if breaking the upper limit is confirmed, the pair will continue rising till the target price for this pattern, and it’s expected that it will be at the confined resistance area between the level 0.9697 which represents 38.2% correction level for the bearish direction ( from 0.9954 to 0.9538 ) and the resistance level 0.9720.
This expectation depends on the stability of the support level 0.9538.
Res. 0.9646 0.9711 0.9763
Pivot 0.9595
Sup. 0.9533 0.9481 0.9418