It will be true that The direction of the pair is bullish for the short period, and it is noticed that, a negative Gartley harmonic pattern has been formed.
EUR/USD
As it was expected through the last analysis, the pair continued declining reaching the support level 1.3585 after it failed to break the resistance level 1.3712 coinciding with the bearish trendline for mid-term trades, the pair continued declining breaking the support level 1.3585 which represents the point B of the harmonic pattern AB=CD which is being forming, it is expected that the pair will continue declining targeting the area of the point D that completes the harmonic pattern and which locates between the level 1.3440 and the support level 1.3385 which represents 127% of fibonacci’s continuous level for the bullish move (from 1.3500 to 1.3936), in order to reach this area the pair should break the support level 1.3500.
The stability of these expectations requires the stability of the resistance level 1.3630.
Res: 1.3724 1.3876 1.3956
Pivot: 1.3644
Sup: 1.3492 1.3412 1.3260
](http://www.herosh.com)[IMG]
GBP/ USD
The pair continued declining inside that bearish channel as it was expected yesterday breaking the support level 1.05565 reaching the support level 1.5495 which was the target of the harmonic pattern AB=CD that has been mentioned in the last analysis, now the pair is still moving around its pivot till now coinciding with testing the bottom border of this bearish channel so it is expected that the pair will continue declining targeting the support level 1.5370 with the probability of existing a correction rise targeting to test the resistance level 1.5565.
The stability of these expectations requires the stability of the resistance level 1.05565.
Res: 1.5668 1.5837 1.5928
Pivot: 1.5577
Sup: 1.5408 1.5317 1.5148
](http://www.herosh.com)[IMG]
USD/CHF
The USD/CHF was able to rise during the previous treads to pass the resistance level 0.8928 that represents the B point for the harmonic pattern AB=CD which mentioned previously; as the pair was able also to pass the 1ST target for that rising at 0.9000, leading the expectations with the stability of 0.9000 level for further rising for the pair targeting 0.9100 level that represents the expected D point for the pattern, but if the pair traded below 0.9000 level it may search for a good support to retest such as 0.8928 level and if the pair traded below this level it will fall targeting the support level 0.8640 that represents the C point for the pattern.
Res: 0.9085 0.9169 0.9331
Pivot: 0.8923
Sup: 0.8839 0.8677 0.8593
](http://www.herosh.com)[IMG]
USD/CAD
On the contrary of what was expected yesterday, the pair rose supported by rising the U.S. dollar against a basket of its major counterparts breaking the resistance level 0.9933, the pair continued rising breaking the resistance levels 100.25 and 1.0090 which represents 127% of fibonacci’s continuous level for the bearish move (From 1.0025 to 0.9783), it is expected that the pair will continue rising targeting the resistance level 1.0175 which coincides with the top border of the bullish pitchfork channel for long and mid-term trades.
The stability of these expectations requires the stability of the support level 1.0025.
Res: 1.0139 1.0202 1.0317
Pivot: 1.0024
Sup: 0.9961 0.9846 0.9783
](http://www.herosh.com)[IMG]
AUD/USD
The AUD/USD pair is forming again the main bearish direction for the medium-term as was expected after breaking down the level 1.0177 and also the level 1.0147, whereas the bearish direction is still dominating the last intraday trades, so it’s expected that the bearish move will be continued till the support area between the level 0.9957 which represents 200% Fibonacci retracement continuous level for the bullish direction (from 1.0177 to 1.0397) and the level 0.9925 which represents a long-term pivotal support level.
This scenario depends on the stability of the resistance
Res: 1.0209 1.0379 1.0467
Pivot: 1.0121
Sup: 0.9951 0.9863 0.9693
EUR/USD
The DJ index continued declining breaking the level 10900 which represents 61.8% of fibonacci’s correction level for the last bullish wave for mid-term trades breaking the level 10710 which represents 76.4% of fibonacci’s correction level for the last bullish wave but it returned to trade around the pivot of this level till now and if the index succeeded to hold above this level it will rise targeting to re-test the resistance level 10900 but if the index was unable to hold above that level it will decline targeting the support level 10570 again.
The stability of these expectations requires the stability of the resistance level 10900.
Res: 1.3579 1.3697 1.3794
Pivot: 1.3482
Sup: 1.3364 1.3267 1.3149
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair continued declining inside the bearish channel as was expected yesterday coinciding with the channel’s lower border, it tried yesterday to break it down but it was unable and returned back to trade inside it again, so a further drop is expected for the pair targeting the support level 1.5265 with the probability of a correcting rise retesting the resistance level 1.5565.
This scenario depends on the stability of the resistance level 1.5565.
Res: 1.5464 1.5586 1.5655
Pivot: 1.5395
Sup: 1.5273 1.5204 1.5082
](http://www.herosh.com)[IMG]
USD/CHF
The USD/CHF was able to rise as was expected during the previous treads to pass the expected target that mentioned through the previous report reaching 0.9184 level forming a top at this level that pushed the pair to fall approaching 0.9000 support level, that top formed the second point for a bullish channel the pair was able to form previously, which supports the bullish direction with the stability of the support levels 0.9000 and 0.8920 with the stability of the channel bottom line, where it is expected during the upcoming trades that the pair will target the retesting of the support level 0.8920 if it was able to pass down 0.9000 level that may coincide with the channel bottom line to push the pair to rise again targeting the retesting of the resistance level 0.9184 again.
Res: 0.9187 0.9287 0.9393
Pivot: 0.9081
Sup: 0.8981 0.8875 0.8775
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair is trying to form a bullish bottom at the support level 10.224, so it’s expected during the intraday trades that the pair will retest the resistance level 1.0359 and the stability above this level which will give the pair the chance to target the resistance level 1.0469.
This scenario depends on the stability of the support level 1.0224.
Res: 1.0409 1.0538 1.0717
Pivot: 1.023
Sup: 1.0101 0.9922 0.9793
](http://www.herosh.com)[IMG]
AUD/USD
The pair declined strongly after breaking the level 1.0170 which represents the top border of the descending triangle which led the pair to decline to the level 0.9690 which represents the target of that broken pattern and formed a bottom at this level which led the pair t rise again re-testing the near resistance level at 0.9840, it is expected that the pair will continue declining targeting the level 0.9525 but under the condition of breaking the support level 0.9690.
The stability of these expectations requires the stability of the resistance level 0.9980.
Res: 0.9983 1.0225 1.0372
Pivot: 0.9836
Sup: 0.9594 0.9447 0.9205
Tuesday october 18th 2011 GIGFX Technical Analysis Report
EUR/USD
Yesterday trades saw declining the pair by breaking the bottom border of the bullish wedge reversal pattern reaching the support level 1.3733 as it was expected through the last analysis, it is expected that the pair will continue forming its bearish correction move by breaking the support level 1.3733 targeting the level 1.3530 which represents the target of the pattern and also represents 50.0% of fibonacci’s correction level for the bullish move (from 1.3146 to 1.3914).
The stability of these expectations requires the stability of the resistance level 1.3790.
Res: 1.3859 1.3981 1.4048
Pivot: 1.3792
Sup: 1.3670 1.3603 1.3481
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair has been already declined registering the lowest price for it during yesterday trades at 1.5730 declaring by that getting it out from the bullish reversal short-term wedge pattern, a further drop is expected which is affected by this pattern, the pair will target the support level 1.5665 as it’s first target for this bearish move then the support level 1.5535.
This scenario depends on the stability of the resistance level 1.5830.
Res: 1.5816 1.5889 1.5932
Pivot: 1.5773
Sup: 1.5700 1.5657 1.5584
](http://www.herosh.com)[IMG]
USD/CHF
The pair formed a bearish channel for near and mid-term trades so it is expected that the pair will continue declining targeting the support level 0.9808 as the first target and if the pair held below this level it will target the support level 0.8854 which coincides with the bottom border of the channel.
The stability of these expectations requires the stability of the resistance level 0.8989.
Res: 0.9032 0.9073 0.9149
Pivot: 0.8956
Sup: 0.8915 0.8839 0.8798
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair was able to form a wedge pattern that reflects the bearish direction for the last medium and long periods, where the pair has formed a bottom at 1.0042 level to rise from it breaking the pattern top line to settle above 23.6% correction level for the bearish move from 1.0655 to the mentioned bottom, leading the expectations for further rising for the pair during the upcoming short and medium trades targeting 1.0276 level represented by 38.2% correction level which if the pair was able to pass it will target 1.0349 level that represents 50% correction level then 1.0421 representing the pattern final target coinciding with 61.8% correction level.
This scenario requires the stability of the support level represented by 23.6% correction level.
Res: 1.0357 1.0393 1.0551
Pivot: 1.0199
Sup: 1.0163 1.0005 0.9969
](http://www.herosh.com)[IMG]
AUD/USD
The AUD pair failed yesterday to break the level 1.0360 which led the pair to decline again and broke the level 1.0255 by breaking the bottom border of the bullish channel in which the pair is moving then it rose to re-test the near resistance level at the level 1.0255, it is expected that the pair will continue its declining move reaching the level 1.0010 this level is the target of breaking the bullish channel but under the condition of breaking the level 1.010.
The stability of these expectations requires the stability of the resistance level 1.0360.
Res: 1.0301 1.0447 1.0524
Pivot: 1.0224
Sup: 1.0078 1.0001 0.9855
EUR/USD
The pair continued declining during yesterday trades to the level 1.3650 as the first target for the bullish wedge pattern, a bottom has been formed at this level which led the pair to rise again to re-test the near resistance level and now it is testing the resistance level 1.3817, breaking this level means more rising targeting to re-test the resistance level 1.3914 but in the case that the pair completed the formation of the top at the level 1.3817 it will decline to the level 1.3650 followed by the level 1.3530 which represents the last target of the pattern and represents 50.0% of fibonacci’s correction level for the bullish wave (From 1.3146 to 1.3914).
Res: 1.3828 1.3904 1.3992
Pivot: 1.3740
Sup: 1.3664 1.3576 1.3500
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair declined as was expected to target the support level 1.5665 which coincides with the first target for this formed reversal (bullish wedge) pattern for the near-term and getting out the price from this pattern; to begin a bearish correction move, as its first target was done by reaching the support level 1.5665, so it’s expected that the bearish scenario will be continued till targeting the pair the support level 1.5535 but only after breaking the support level 1.5665.
So, it’s advised to all traders not to enter any bearish positions; but only in case of breaking the support level 1.5665 with having a good close below it.
This scenario depends on the stability of the resistance level 1.5830.
Res: 1.5812 1.5912 1.6003
Pivot: 1.5721
Sup: 1.5621 1.5530 1.5430
](http://www.herosh.com)[IMG]
USD/CHF
The pair is still trying to reach its targets after breaking the reversal bearish wedge pattern, although the pair was unable to hold above the resistance level 0.9049 which represents 38.2% of fibonacci’s correction level for the bearish direction but it is targeting to re-test this level and if the pair held above this level it will target the resistance level 0.9098 which represents 50.0% of fibonacci’s correction level and if the pair held above this level too, it will target the resistance level 0.9152 which represents 61.8% of fibonacci’s correction level.
The stability of these expectations requires the stability of the support level 0.8984 which represents 23.6% of fibonacci’s correction level.
Res: 0.9039 0.9094 0.9141
Pivot: 0.8992
Sup: 0.8937 0.8890 0.8835
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair could not pass the resistance level 1.0276 that represents 38.2% correction level for the bearish move from 1.0655 to 1.0042 to fall from this level breaking 1.0187 level that represents 23.6% correction level, to retest with this move the broken bearish trend line that represents the wedge top line which mentioned previously, that may push the pair to fall in order to retest the support level 1.0042 which represents the previous bottom, which requires the stability of the current resistance level 1.0187.
Res: 1.0231 1.0323 1.0384
Pivot: 1.0170
Sup: 1.0078 1.0017 0.9925
](http://www.herosh.com)[IMG]
AUD/USD
The pair failed to break the level 1.0110 and closed above this level which led it to rise again breaking the level 1.0225 then reached the level 1.0360 trying to re-test the bottom border of the broken bullish channel, it is expected that the pair will continue declining and will re-test the level 1.0110 but under the condition of breaking the level 1.0225.
The stability of these expectations requires the stability of the resistance level 1.0470.
Res: 1.0352 1.0444 1.0562
Pivot: 1.0234
Sup: 1.0142 1.0024 0.9932
EUR/USD
It is noticed that the pair is forming the harmonic pattern AB=CD as it formed a top at the level 1.3870 which represents the point C, the pair declined from this top to form the bearish rib CD and it is expected that the pair will continue declining during the upcoming trades targeting the support level 1.3650 which represents the point B, breaking this level means more declining till the level 1.3600 which represents the point D that completes the pattern, it is expected that the pair will continue declining targeting the level 1.3530 as the final target for the bearish wedge pattern but under the condition of breaking the level 1.3600 downside.
The stability of these expectations requires the stability of the resistance level 1.3780.
Res: 1.3844 1.3928 1.3988
Pivot: 1.3784
Sup: 1.3700 1.3640 1.3556
](http://www.herosh.com)[IMG]
GBP/ USD
After raising the pair during yesterday trades with retesting the resistance level 1.5840 this level has been stabile for the second consecutive time pushed the GBP/USD pair down to be a reversal double consecutive tops pattern for the bullish direction so it’s expected that the pair will decline during the intraday trades affected by the formed pattern but confirmation of breaking the pattern’s base line at the support level 1.5678 with a good close below it pushing the price to target the support level 1.5592 as it’s first target for the formed pattern then the support level 1.5510.
This scenario depends on the stability of the resistance level 1.5840.
Res: 1.5846 1.5920 1.5994
Pivot: 1.5772
Sup: 1.5698 1.5624 1.5550
](http://www.herosh.com)[IMG]
USD/CHF
As it is noticed through this chart, the pair now is forming a harmonic pattern AB=CD for near and mid-term trades and now it is moving in the range of the last wave CD and during today’s trades the pair broke the resistance level 0.9049 which coincides with the point B which may led the pair to complete the harmonic pattern targeting the resistance level 0.9120 which represents the point D.
The stability of these expectations requires the stability of the support level 0.9049.
Res: 0.9059 0.9092 0.9146
Pivot: 0.9005
Sup: 0.8972 0.8918 0.8885
](http://www.herosh.com)[IMG]
USD/CAD
After the USD/CAD tested the wedge top line that was broken during the previous trades; the pair formed a bottom at 1.0080 that pushed the pair to rise forming a rising harmonic pattern that expected to target 1.0313 resistance level that represent 127% continuous level for the BC wave for the pattern then 1.0376 that represents 161.8% continuous level for the same wave, with a good chance to retest the AC trend line coinciding with the support level 1.0135 support level.
Res: 1.0250 1.0298 1.0382
Pivot: 1.0166
Sup: 1.0118 1.0034 0.9986
](http://www.herosh.com)[IMG]
AUD/USD
As it was expected through yesterday analysis, the pair declined to the level 1.0140 which represents 23.6% of fibonacci’s correction level for the last bullish wave (from 0.9390 to 1.0370), it is expected that the pair will continue declining to the level 0.9995 which represents 38.2% of the same fibonacci’s correction level for the same bullish move and this level is the target of breaking the bullish channel.
The stability of these expectations requires the stability of the resistance level 1.0240.
Res: 1.0315 1.0408 1.0464
Pivot: 1.0259
Sup: 1.0166 1.0110 1.0017
EUR/USD
The pair was moving volatile during the last mid-term trades tending to decline for near-term trades, as it succeeded to form the triangle pattern that the pair now is testing its top border and if the top border held the pair will decline targeting the level 1.3657 which coincides with the bottom border of the triangle pattern which if the pair broke it with breaking the level 1.3621 which represents 38.2% of fibonacci’s correction level for the bullish wave (from 1.3146 to 1.3914) the pair will target the next support level at 1.3530 which represents 50.0% of fibonacci’s correction level followed by 1.3439 which represents 61.8% of fibonacci’s correction level, but if the pair broke the top border of the pattern it will rise targeting to test the resistance area from 1.3870 to 1.3914.
Res: 1.3861 1.3944 1.4046
Pivot: 1.3759
Sup: 1.3676 1.3574 1.3491
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair is moving inside the sideway channel since this week trades beginning between the resistance level 1.5840 and the support level 1.5675 which tried to test it yesterday and was unable to break this level which led the pair to reverse up testing the resistance level 1.5840 to move inside the same sideway area, so breaking any of these levels means starting a new direction and if succeeds on breaking this area up so it will immediately target the resistance level 1.5925 but in case of breaking this area down so it will immediately target the support level 1.5596.
Res: 1.5833 1.5878 1.5954
Pivot: 1.5757
Sup: 1.5712 1.5636 1.5591
](http://www.herosh.com)[IMG]
USD/CHF
The pair is forming AB=CD harmonic pattern and formed a top at the resistance level 0.9087 which represents the point C trying to complete the last wave CD targeting the support level 0.8655 which represents the point D and now the pair is trying to break the support level 0.8885 which represents the point B and if the pair held below this level it will target the support level 0.8655 which represents the point D.
The stability of these expectations requires the stability of the pair below the support level 0.8885.
Res: 0.9036 0.9135 0.9189
Pivot: 0.8982
Sup: 0.8883 0.8829 0.8730
](http://www.herosh.com)[IMG]
USD/CAD
The previous analyse remain for the USD/CAD as the pair was able to retest the support level 1.0135 approaching the bullish trend line AC, previously the pair tested the wedge top line that was broken during the previous trades; forming a bottom at 1.0080 that pushed the pair to rise forming a rising harmonic pattern that expected to target 1.0313 resistance level that represent 127% continuous level for the BC wave for the pattern then 1.0376 that represents 161.8% continuous level for the same wave.
Res: 1.0221 1.0289 1.0335
Pivot: 1.0175
Sup: 1.0107 1.0061 0.9993
](http://www.herosh.com)[IMG]
AUD/USD
The pair rose to re-test the level 1.0290 and during the mid-term trades it formed a symmetric triangle pattern, it is expected that the pair will continue declining by breaking the bottom border of the mentioned pattern reaching the level 0.9995 which represents 38.2% of fibonacci’s correction level for the last bullish wave (0.9390 to 1.0370) -this is the target of breaking the bullish channel- but under the condition of breaking the level 1.0140 which represents 23.6% of fibonacci’s correction level for the last bullish wave.
The stability of these expectations requires the stability of the resistance level 1.0290.
Res: 1.0303 1.0375 1.0453
Pivot: 1.0225
Sup: 1.0153 1.0075 1.0005
EUR/USD
The positive news that came from the European leaders about the solutions of the European dept crisis pushed the European currency against the U.S. dollar to end the trades of the last week bullish, at the beginning of this week trades, the pair is trying to continue its bullish move by breaking the resistance important level 1.3914 during the current trades, breaking this level means more rising till the next resistance level at 1.3984 followed by the level 1.4075 which represents 161.8% of Fibonacci’s continuous level for the bearish move (From 1.3914 to 1.3653).
The stability of these expectations requires the stability of the support level 1.3870.
Res: 1.3964 1.4031 1.4161
Pivot: 1.3834
Sup: 1.3767 1.3570
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair broke the resistance level 1.5840 during last week trades end to announce it’s getting out from this sideway channel which the pair was confined inside it during last week trades, a further rise is expected specially that the pair is trading inside a bullish channel reaching the resistance level 1.5985; if the pair is able to break this level with having a good close above it so it will try to test the resistance level 1.6080 which coincides with the bullish channel’s top border.
This scenario depends on the stability of the support level 1.5840.
Res: 1.6038 1.6114 1.6257
Pivot: 1.5895
Sup: 1.5819 1.5676 1.5600
](http://www.herosh.com)[IMG]
USD/CHF
The pair is in the forming stage of the harmonic pattern AB=CD as it formed a top at the resistance level 0.9087 which represents the point C, the pair declined from this point to form the bearish rib CD so it is expected that the pair will continue declining during the upcoming trades till the support level 0.8655 which represents the point B.
The stability of these expectations requires the stability of the resistance level 0.8885.
Res: 0.8908 0.9001 0.9052
Pivot: 0.8857
Sup: 0.8764 0.8713 0.8620
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair continued its falling reaching 1.0050 level that represents the bottom line for the bearish channel the pair moving inside, this acme after the pair was able to pass 1.0110 level, which may push the pair to rise in order to retest the nearest resistance levels that may lead the pair to 1.0265 that may coincide with the channel top line but the pair must pass 1.0130.
The scenario above requires the stability of the support level 0.9880
Res: 1.0159 1.0233 1.0280
Pivot: 1.0112
Sup: 1.0038 0.9990 0.9920
](http://www.herosh.com)[IMG]
AUD/USD
The AUD\USD pair succeeded to break the level 1.0350 which represents the top border of the triangle pattern after it failed to break the level 1.0140 which represents the bottom border of the same pattern which led the pair to rise to break the pattern by reaching the level 1.0430 which represents the first target of breaking the pattern, it is expected that the pair will continue rising to the level 1.0575 and it is the second target of breaking the pattern but under the condition of breaking the level 1.0470.
The stability of these expectations requires the stability of the support level 1.0350.
Res: 1.0408 1.0467 1.0569
Pivot: 1.0306
Sup: 1.0247 1.0145 1.0086
EUR/USD
The bullish direction is still dominating the trades of the pair for the near and mid-term trades; this rise is supported by approaching to find solutions to resolve Greece’s dept crisis, the pair is still confirming breaking the resistance level 1.3914 which still holding till now against the pair’s rising which target to reach the level 1.4075 which represents 161.8% of fibonacci’s continuous level for the bearish move (From 1.3914 to 1.3653).
The stability of these expectations requires the stability of the support level 1.3850.
Res: 1.3982 1.4035 1.4115
Pivot: 1.3902
Sup: 1.3849 1.3769 1.3716
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair broke the resistance level 1.5840 during last week trades end to announce it’s getting out from this sideway channel which the pair was confined inside it during last week trades, a further rise is expected specially that the pair is trading inside a bullish channel reaching the resistance level 1.5985; if the pair is able to break this level with having a good close above it so it will try to test the resistance level 1.6080 which coincides with the bullish channel’s top border.
This scenario depends on the stability of the support level 1.5840.
Previous analysis is still remaining till now
Res: 1.6035 1.6074 1.6142
Pivot: 1.5967
Sup: 1.5928 1.5860 1.5821
](http://www.herosh.com)[IMG]
USD/CHF
The pair is in the forming stage of the harmonic pattern AB=CD as it formed a top at the resistance level 0.9087 which represents the point C, the pair declined from this point to form the bearish rib CD so it is expected that the pair will continue declining during the upcoming trades till the support level 0.8655 which represents the point D.
The stability of these expectations requires the stability of the resistance level 0.8885.
Yesterday analysis is still remaining till now
Res: 0.8859 0.8911 0.8945
Pivot: 0.8825
Sup: 0.8773 0.8739 0.8687
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair continued its falling after it formed a symmetrical triangle pattern that the pair was able to break its bottom line previously confirming that bearish direction with passing 1.0040 level, leading the expectations for further falling for the pair targeting 0.9985 level as the pattern 1ST target then 0.9875 as the final target for the pattern with a chance that the pair may retest one of the nearest resistance levels such 1.0040 level.
Res: 1.0080 1.0128 1.0158
Pivot: 1.0050
Sup: 1.0002 0.9972 0.9924
](http://www.herosh.com)[IMG]
AUD/USD
As it was expected through yesterday analysis, the pair rose to the level 1.0470 which represents the first target of breaking the top border of the triangle pattern after the pair declined and re-tested the near support level at 1.0360, it is expected that the pair will continue rising targeting the level 1.0585 which represents the target of breaking the mentioned pattern but under the condition of breaking the level 1.0470.
The stability of these expectations requires the stability of the support level 1.0360.
Res: 1.0545 1.0616 1.0730
Pivot: 1.0431
Sup: 1.0360 1.0246 1.0175
EUR/USD
The trades of the pair were in a narrow range that reflects the collecting process of the momentum that the pair will use it to determine the upcoming direction, it is expected that, with breaking out this range the pair will continue forming the direction, breaking the resistance level 1.3955 upside means more rising targeting the level 1.4075 which represents 161.8% of fibonacci’s continuous level for the bearish wave (From 1.3914 to 1.3653), in the case that the pair broke the support level 1.3852 downside, it will continue declining targeting the next support level 1.3753.
Res: 1.3961 1.4014 1.4070
Pivot: 1.3905
Sup: 1.3852 1.3796 1.3743
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair broke the previous mentioned level 1.5985 yesterday which supports the pair’s bullish move inside the bullish channel during the intraday levels targeting the resistance level 1.6080 with the probability of reversing the pair down to retest the support level 1.5985.
This scenario depends on the stability of the support level 1.5985.
Res: 1.6038 1.6078 1.6119
Pivot: 1.5997
Sup: 1.5957 1.5916 1.5876
](http://www.herosh.com)[IMG]
USD/CHF
The pair is in the forming stage of the harmonic pattern AB=CD as it formed a top at the resistance level 0.9087 which represents the point C, the pair declined from this point to form the bearish rib CD so it is expected that the pair will continue declining during the upcoming trades till the support level 0.8655 which represents the point D, and if the pair failed to break this level it will correct this move targeting the resistance level 0.8885.
The stability of these expectations requires the stability of the resistance level 0.8885.
Res: 0.8824 0.8871 0.8897
Pivot: 0.8798
Sup: 0.8751 0.8725 0.8678
](http://www.herosh.com)[IMG]
USD/CAD
Unlike the expectations the USD/CAD pair rose during the previous trades to retest the triangle pattern bottom line passing a lot of levels to end above 1.0140 level during the current trades after testing the bottom line for the mentioned triangle, generally the stability of 1.0140 level will push the pair to rise targeting 1.0240 level but if the pair was able to trade below 1.0140 level it will fall targeting 1.0040 level then 0.9985 level.
Res: 1.0254 1.0343 1.0476
Pivot: 1.0121
Sup: 1.0032 0.9899 0.9810
](http://www.herosh.com)[IMG]
AUD/USD
The pair failed to break the level 1.0470 which coincides with the top border of the bullish wedge pattern which led the pair to return declining again reaching the level 1.0360 which represents the bottom border of the bullish wedge pattern which may led the pair to rise trying to re-test the near resistance levels, it is expected that the pair will rise targeting the level 1.0490 which represents the top border of the bullish wedge pattern.
But if the pair broke the level 1.0360 which represents the bottom border of the pattern it will decline targeting the level 1.0235 which represents the first target of breaking the bottom border of the pattern.
The stability of these expectations requires the stability of the support level 1.0235.
Res: 1.0481 1.0537 1.0579
Pivot: 1.0439
Sup: 1.0383 1.0341 1.0285
EUR/USD
The trades of the pair were in a narrow range that reflects the collecting process of the momentum that the pair will use it to determine the upcoming direction, it is expected that, with breaking out this range the pair will continue forming the direction, breaking the resistance level 1.3955 upside means more rising targeting the level 1.4075 which represents 161.8% of fibonacci’s continuous level for the bearish wave (From 1.3914 to 1.3653), in the case that the pair broke the support level 1.3852 downside, it will continue declining targeting the next support level 1.3753.
Res: 1.3961 1.4014 1.4070
Pivot: 1.3905
Sup: 1.3852 1.3796 1.3743
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair broke the previous mentioned level 1.5985 yesterday which supports the pair’s bullish move inside the bullish channel during the intraday levels targeting the resistance level 1.6080 with the probability of reversing the pair down to retest the support level 1.5985.
This scenario depends on the stability of the support level 1.5985.
Res: 1.6038 1.6078 1.6119
Pivot: 1.5997
Sup: 1.5957 1.5916 1.5876
](http://www.herosh.com)[IMG]
USD/CHF
The pair is in the forming stage of the harmonic pattern AB=CD as it formed a top at the resistance level 0.9087 which represents the point C, the pair declined from this point to form the bearish rib CD so it is expected that the pair will continue declining during the upcoming trades till the support level 0.8655 which represents the point D, and if the pair failed to break this level it will correct this move targeting the resistance level 0.8885.
The stability of these expectations requires the stability of the resistance level 0.8885.
Res: 0.8824 0.8871 0.8897
Pivot: 0.8798
Sup: 0.8751 0.8725 0.8678
](http://www.herosh.com)[IMG]
USD/CAD
Unlike the expectations the USD/CAD pair rose during the previous trades to retest the triangle pattern bottom line passing a lot of levels to end above 1.0140 level during the current trades after testing the bottom line for the mentioned triangle, generally the stability of 1.0140 level will push the pair to rise targeting 1.0240 level but if the pair was able to trade below 1.0140 level it will fall targeting 1.0040 level then 0.9985 level.
Res: 1.0254 1.0343 1.0476
Pivot: 1.0121
Sup: 1.0032 0.9899 0.9810
](http://www.herosh.com)[IMG]
AUD/USD
The pair failed to break the level 1.0470 which coincides with the top border of the bullish wedge pattern which led the pair to return declining again reaching the level 1.0360 which represents the bottom border of the bullish wedge pattern which may led the pair to rise trying to re-test the near resistance levels, it is expected that the pair will rise targeting the level 1.0490 which represents the top border of the bullish wedge pattern.
But if the pair broke the level 1.0360 which represents the bottom border of the pattern it will decline targeting the level 1.0235 which represents the first target of breaking the bottom border of the pattern.
The stability of these expectations requires the stability of the support level 1.0235.
Res: 1.0481 1.0537 1.0579
Pivot: 1.0439
Sup: 1.0383 1.0341 1.0285
EUR/USD
After the pair has re-tested the bottom border of the bullish channel for mid-term trades it rose from the support level 1.3852 to reach its expected targets through the last analysis reaching the resistance level 1.4223 which coincides with 76.4% of fibonacci’s correction level for the bearish wave (from 1.4525 to 1.3146) coinciding with testing the top border of the bullish channel, this may led the pair to correct targeting to test the near support level which extends to the support area (from 1.4018 which represents 61.8% of fibonacci’s correction level to the level 1.3960) the pair will continue rising for mid and long-term trades targeting the resistance level 1.4380.
Res: 1.4335 1.4482 1.4717
Pivot: 1.4100
Sup: 1.3953 1.3718 1.3571
](http://www.herosh.com)[IMG]
GBP/ USD
The bullish scenario is still dominating the GBP/USD pair till this moment whereas the price rose yesterday testing the resistance level 1.6105 coinciding with the reversal (bullish wedge) pattern’s top border which refers to the weakness of this direction and approaching the bearish correction direction for the near-term but declaring this bearish direction; the formed pattern lower border at the support level 1.5930 must be broken with having a good close below it so the price will get out from the bullish wedge, it’s expected that the pair will target the support level 1.5830 as it’s first target.
Res: 1.6174 1.6249 1.6360
Pivot: 1.6063
Sup: 1.5988 1.5877 1.5802
](http://www.herosh.com)[IMG]
USD/CHF
During yesterday trades, the pair formed the harmonic pattern AB=CD by completing the rib CD at the support level 0.8600 so it is expected that the pair will correct its direction targeting the resistance level 0.8885 which represents the point B for the pattern and if the pair held above this level it will target the resistance level 0.9086 which represents the point C.
The stability of these expectations requires the stability of the support level 0.8600.
Res: 0.8759 0.8920 0.9016
Pivot: 0.8663
Sup: 0.8502 0.8406 0.8245
](http://www.herosh.com)[IMG]
USD/CAD
As was expected after the previous rising for the USD/CAD pair, the pair fell after testing the triangle bottom line that mentioned previously, to achieve during the current trades the expected target for the pattern around the support level 0.9875, it is expected that the pair will continue its falling to target the support level 0.9790 but the pair must pass the current support 0.9875, with a chance that the pair may rise in order to retest the nearest resistance levels such as 0.9985.
Res: 1.0007 1.0107 1.0166
Pivot: 0.9948
Sup: 0.9848 0.9789 0.9689
](http://www.herosh.com)[IMG]
AUD/USD
The pair rose to the level 1.0760 and failed to break this level which coincides with the top border of the bullish channel in which the pair is moving, which led the pair to decline again trying to re-test the near support level at 1.0640, it is expected that the pair will continue declining correctly to the level 1.0490 which coincides with the bottom border of the bullish channel but under the condition of breaking the level 1.0460.
The stability of these expectations requires the stability of the resistance level 1.0760.
Res: 1.0859 1.0990 1.1229
Pivot: 1.0620
Sup: 1.0489 1.0250 1.0119
EUR/USD
The EUR/USD pair formed a top at the resistance level 1.4247 which coincides with the top border of the bullish channel in which the pair is still moving for near and mid-term trades, the pair declined from this top trying to form a new bullish bottom but at the beginning of the trades of this week and after the Japanese decision to interfere to reduce its currency against the U.S. dollar we found that most of the major currencies declined against the U.S. dollar so that the Euro declined to the level 1.3917 which represents 61.8% of fibonacci’s correction level for the bullish channel (from 1.3800 to 1.4247), it is expected that if the pair broke the level 1.3971 it will decline targeting the level 1.3905 which with its breaking downside and with breaking the bottom border of the channel the pair will target the next support level at 13800.
The stability of these expectations requires the stability of the resistance level 1.4076.
Res: 1.4195 1.4231 1.4262
Pivot: 1.4164
Sup: 1.4128 1.4097 1.4061
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair was unable to be stabile above the resistance level 1.6105 coinciding with the formed (bullish wedge) reversal pattern’s top border then the price reversed down trying to break the pattern’s lower border which had already broken, in condition the pair must have a good close below it to target the support level 1.5845 as it’s first target.
This scenario depends on the stability of the resistance level 1.6035.
Res: 1.6162 1.6197 1.6243
Pivot: 1.6116
Sup: 1.6081 1.6035 1.6000
](http://www.herosh.com)[IMG]
USD/CHF
During yesterday trades, the pair formed the harmonic pattern AB=CD by completing the rib CD at the support level 0.8600 so it is expected that the pair will correct its direction targeting the resistance level 0.8885 which represents the point B for the pattern and if the pair held above this level it will target the resistance level 0.9086 which represents the point C.
The stability of these expectations requires the stability of the support level 0.8600.
The last analysis is still remaining till now
Res: 0.8648 0.8677 0.8703
Pivot: 0.8622
Sup: 0.8593 0.8567 0.8538
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair rose previously after reaching 0.9888 level that represents the target of breaking the bottom line for the symmetrical triangle to reach currently 1.0010 level, it is expected that the pair will continue falling during the upcoming trades in order to retest the support level 0.9875 which if the pair was able to pass it will target the support level 0.9790, but if the pair was able to pass the current resistance level it will retest the nearest resistance levels such as 1.0040 then 1.0140.
Res: 0.9959 1.0001 1.0034
Pivot: 0.9926
Sup: 0.9884 0.9851 0.9809
](http://www.herosh.com)[IMG]
AUD/USD
The AUD/USD pair declined to the level 1.0490 as it was expected through the last analysis after it failed to break the resistance level 1.0750 which led the pair to decline breaking the level 1.0630 during the trades of the Asian session reaching the level 1.0490 which coincides with the bottom border of the bullish channel in which the pair is moving, it is expected that the pair will rise in order to re-test near resistance level at 1.0630 and with breaking this level the pair will rise targeting the level 1.0750.
The stability of these expectations requires the stability of the support level 1.0350.
Res: 1.0740 1.0773 1.0816
Pivot: 1.0697
Sup: 1.0664 1.0621 1.0588
EUR/USD
As it was expected through the last analysis, the European currency continued declining against the U.S. dollar till the support level 1.3971 which failed to prevent the pair to decline so the pair continued declining till the next support level at 1.3905 followed by the support level 1.3800 during the last trades, if the pair reached these levels means breaking the bottom border of the bullish channel for mid-term trades so it is expected that the pair will continue declining targeting to break the bullish channel by breaking the support level 1.3524 which represents 161.8% of fibonacci’s continuous level for the bullish move (From 1.3800 to 1.4247) but under the condition of breaking the support level 1.3800 and 1.3679.
The stability of these expectations requires the stability of the resistance level 1.3905.
Res: 1.4076 1.4292 1.4416
Pivot: 1.3952
Sup: 1.3736 1.3612 1.3396
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair was unable to be stabile above the resistance level 1.6105 coinciding with the formed (bullish wedge) reversal pattern’s top border then the price reversed down trying to break the pattern’s lower border which had already broken, in condition the pair must have a good close below it to target the support level 1.5845 as it’s first target.
This scenario depends on the stability of the resistance level 1.6035.
The previous analysis is still remaining till now
Res: 1.6176 1.6270 1.6376
Pivot: 1.6070
Sup: 1.5976 1.5870 1.5776
](http://www.herosh.com)[IMG]
USD/CHF
During the previous trades, the pair formed the harmonic pattern AB=CD by completing the rib CD at the support level 0.8600 so it is expected that the pair will correct its direction targeting the resistance level 0.8885 which represents the point B for the pattern and if the pair held above this level it will target the resistance level 0.9086 which represents the point C.
The stability of these expectations requires the stability of the resistance level 0.8885.
Res: 0.8830 0.8896 0.9006
Pivot: 0.8720
Sup: 0.8654 0.8544 0.8478
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair rose previously after reaching 0.9888 level that represents the target of breaking the bottom line for the symmetrical triangle forming a bearish channel for the past medium and long periods, to reach currently 1.0010 level, it is expected that the pair will continue falling during the upcoming trades in order to retest the support level 0.9875 which if the pair was able to pass it will target the support level 0.9790, with a chance that the pair may retest the nearest resistance levels such as 1.0040 then 1.0140 coinciding with the channel top line.
Res: 1.0041 1.0089 1.0153
Pivot: 0.9977
Sup: 0.9929 0.9865 0.9817
AUD/USD
The AUD/USD pair rose to the level 1.0630 as it was expected yesterday, that level coincides with the bottom border of the bullish channel in which the pair is moving, the pair failed to break this resistance level which led the pair to decline again breaking the support level 1.0490 followed by breaking the top border of the bullish channel, it is expected that the pair will continue declining targeting the support level 1.0350 which represents the target of breaking the bottom border of the bullish channel.
The stability of these expectations requires the stability of the resistance level 1.0360.
Res: 1.0661 1.0793 1.0870
Pivot: 1.0584
Sup: 1.0452 1.0375 1.0243
EUR/USD
The European currency continued declining against the U.S. dollar as it was expected through the last analysis breaking the level 1.3800 achieving the lowest price for yesterday trades at the level 1.3608, the pair formed a bottom at this level during the last intraday trades trying to correct its declining and it is expected that the pair will test the level 1.3800 which became a resistance level to form a bearish top that will push the pair to decline to re-test the level 1.3608, breaking this level downside means more declining to re-test the support level 1.3524 which represents 161.8% of fibonacci’s continuous level for the bullish move (From 1.3800 to 1.4247) and at the same time it is represents the target of breaking out the bullish channel.
The stability of these expectations requires the stability of the resistance level 1.3800.
Res: 1.3843 1.3987 1.4105
Pivot: 1.3725
Sup: 1.3581 1.3463 1.3319
](http://www.herosh.com)[IMG]
GBP/ USD
As was expected yesterday, the GBP/USD pair targeted the support level 1.5880 coinciding with the formed (bullish wedge) pattern’s first target which approached from testing it much then it reversed up expecting for it a further correction rise to target the resistance level 1.6040 then declining again to target the support level 1.5880 then the support level 1.5710 which coincides with 50% for the last bullish wave.
So it’s recommended during the intraday levels to not engage in any sells operations only in case of breaking the support level 1.5880.
This scenario depends on the stability of the resistance level 1.6040.
Res: 1.6063 1.6179 1.6266
Pivot: 1.5976
Sup: 1.5860 1.5773 1.5657
](http://www.herosh.com)[IMG]
USD/CHF
The pair continued rising during yesterday trades as the pair formed a top by reaching the level 0.8941 which represents 50.0% of fibonacci’s correction level for the bearish move (from 0.9314 to 0.8567), the price coincides with a bearish trendline for near and mid-term trades at this level, the formation of this bottom is due to a negative divergence that continues the direction for long and mid-term trades, it is expected that the pair will continue declining from the mentioned top targeting to re-test the support level 0.8743 again.
The stability of these expectations requires the stability of the resistance level 0.8941.
Res: 0.8964 0.9059 0.9159
Pivot: 0.8864
Sup: 0.8769 0.8669 0.8574
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair rose previously breaking a lot of levels to face finally the resistance level 1.0240 breaking the bearish channel top line that mentioned previously, it is expected that the pair will continue rising targeting 1.0330 level that represents the target for the broken channel with a chance to retest the nearest support levels such as 1.0140 then 1.0040 that may coincide with the top line for the broken channel.
Res: 1.0272 1.0356 1.0506
Pivot: 1.0122
Sup: 1.0038 0.9888 0.9804
](http://www.herosh.com)[IMG]
AUD/USD
As it was expected yesterday, the pair declined to the level 1.0300 which represents the first target of breaking the bottom border of the bullish channel, the pair closed above this level which led the pair to rise again to re-test the near resistance level at 1.030, it is expected that the pair will continue declining targeting the level 1.0170 which represents the target of breaking the bullish channel but under the condition of breaking the support level 1.0300 with the probability of rising the pair correctly to the level 1.0505.
The stability of these expectations requires the stability of the resistance level 1.0505.
Res: 1.0505 1.0683 1.0801
Pivot: 1.0387
Sup: 1.0209 1.0091 0.9913
[B]Friday November 4th 2011 GIGFX Technical Analysis Report [/B]
[B]EUR/USD[/B]
The EUR/USD pair formed a higher bottom at the level 1.3665 which its location is above the formed bottom at the level 1.3608 with a strong sign that the pair may form a correction bullish direction for mid-term trades, the pair rose from this bottom till reached the resistance level 1.3852 which represents 38.2% of fibonacci’s correction level for the bearish move (From 1.4247 to 1.3608), it is expected that with breaking the resistance level 1.3852 upwards, the pair will rise targeting to break the near resistance levels 1.3927 and 1.4003 which represent 50.0 and 61.8% of the same fibonacci’s correction level.
The stability of these expectations requires the stability of the support level 1.3755.
Res: 1.3893 1.3972 1.4091
Pivot: 1.3774
Sup: 1.3695 1.3576 1.3497
[B]GBP/ USD[/B]
As was expected yesterday, the GBP/USD pair targeted the support level 1.5880 coinciding with the formed (bullish wedge) pattern’s first target which approached from testing it much then it reversed up expecting for it a further correction rise to target the resistance level 1.6040 then declining again to target the support level 1.5880 then the support level 1.5710 which coincides with 50% for the last bullish wave.
So it’s recommended during the intraday levels to not engage in any sells operations only in case of breaking the support level 1.5880.
This scenario depends on the stability of the resistance level 1.6040.
Previous analysis is still remaining
Res: 1.6104 1.6174 1.6288
Pivot: 1.5990
Sup: 1.5920 1.5806 1.5736
[B]USD/CHF[/B]
The pair is moving inside a bearish channel and formed a bullish bottom at the support level 0.8761 at which the bottom border of the channel coincides with 50.0% of fibonacci’s correction level for the bullish direction, it is expected that the pair will target the resistance level 0.8814 which represents 38.2% of fibonacci’s correction level and if the pair held below this level it will target the resistance level 0.8870 at which the top border of the channel coincides with 23.6% of the same correction levels.
The stability of these expectations requires the stability of the support level 0.8754.
Res: 0.8863 0.8944 0.8995
Pivot: 0.8812
Sup: 0.8731 0.8680 0.8599
[B]USD/CAD[/B]
The USD/CAD paircould not pass the resistance level 1.0222 to fall passing 1.0105 level during the previous short trades, the pair rose to retest the area between 1.0105 and 1.0125 levels, which if held it will push the pair to fall targeting 1.0015 support level, but if the pair held above 1.0125 level it will rise in order to retest 1.0222 resistance level.
Res: 1.0176 1.0276 1.0337
Pivot: 1.0115
Sup: 1.0015 0.9954 0.9854
[B]AUD/USD[/B]
The pair failed to break the resistance level 1.0215 which represents 38.2% of fibonacci’s correction level for the last bullish wave (From 0.9380 to 1.0725) which led the pair o rise again breaking the resistance level 1.0300 reaching the level 1.0410 which represents 23.6% of fibonacci’s correction level for the same last bullish wave. It is expected that the pair will continue declining again and will re-test the support level 1.0215 but under the condition of breaking the support level 1.0300.
The stability of these expectations requires the stability of the resistance level 1.0500.
Res: 1.0507 1.0598 1.0750
Pivot: 1.0355
Sup: 1.0264 1.0112 1.0021
EUR/USD
The EUR/USD pair formed a higher bottom at the level 1.3665 which its location is above the formed bottom at the level 1.3608 with a strong sign that the pair may form a correction bullish direction for mid-term trades, the pair rose from this bottom till reached the resistance level 1.3852 which represents 38.2% of fibonacci’s correction level for the bearish move (From 1.4247 to 1.3608), it is expected that with breaking the resistance level 1.3852 upwards, the pair will rise targeting to break the near resistance levels 1.3927 and 1.4003 which represent 50.0 and 61.8% of the same fibonacci’s correction level.
The stability of these expectations requires the stability of the support level 1.3755.
Res: 1.3893 1.3972 1.4091
Pivot: 1.3774
Sup: 1.3695 1.3576 1.3497
](http://www.herosh.com)[IMG]
GBP/ USD
As was expected yesterday, the GBP/USD pair targeted the support level 1.5880 coinciding with the formed (bullish wedge) pattern’s first target which approached from testing it much then it reversed up expecting for it a further correction rise to target the resistance level 1.6040 then declining again to target the support level 1.5880 then the support level 1.5710 which coincides with 50% for the last bullish wave.
So it’s recommended during the intraday levels to not engage in any sells operations only in case of breaking the support level 1.5880.
This scenario depends on the stability of the resistance level 1.6040.
Previous analysis is still remaining
Res: 1.6104 1.6174 1.6288
Pivot: 1.5990
Sup: 1.5920 1.5806 1.5736
](http://www.herosh.com)[IMG]
USD/CHF
The pair is moving inside a bearish channel and formed a bullish bottom at the support level 0.8761 at which the bottom border of the channel coincides with 50.0% of fibonacci’s correction level for the bullish direction, it is expected that the pair will target the resistance level 0.8814 which represents 38.2% of fibonacci’s correction level and if the pair held below this level it will target the resistance level 0.8870 at which the top border of the channel coincides with 23.6% of the same correction levels.
The stability of these expectations requires the stability of the support level 0.8754.
Res: 0.8863 0.8944 0.8995
Pivot: 0.8812
Sup: 0.8731 0.8680 0.8599
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD paircould not pass the resistance level 1.0222 to fall passing 1.0105 level during the previous short trades, the pair rose to retest the area between 1.0105 and 1.0125 levels, which if held it will push the pair to fall targeting 1.0015 support level, but if the pair held above 1.0125 level it will rise in order to retest 1.0222 resistance level.
Res: 1.0176 1.0276 1.0337
Pivot: 1.0115
Sup: 1.0015 0.9954 0.9854
](http://www.herosh.com)[IMG]
AUD/USD
The pair failed to break the resistance level 1.0215 which represents 38.2% of fibonacci’s correction level for the last bullish wave (From 0.9380 to 1.0725) which led the pair o rise again breaking the resistance level 1.0300 reaching the level 1.0410 which represents 23.6% of fibonacci’s correction level for the same last bullish wave. It is expected that the pair will continue declining again and will re-test the support level 1.0215 but under the condition of breaking the support level 1.0300.
The stability of these expectations requires the stability of the resistance level 1.0500.
Res: 1.0507 1.0598 1.0750
Pivot: 1.0355
Sup: 1.0264 1.0112 1.0021
EUR/USD
It is noticed that the pair formed a near-term bullish channel during the last trades and now the pair is trading below the resistance level 1.3847 which represents 50.0% of fibonacci’s correction level for the bearish wave (From 1.4547 to 1.3146, it is expected that the pair will continue declining targeting to re-test the bottom border of the mentioned channel and if the pair succeeded to do with breaking the level 1.3681 so it will continue declining targeting the level 1.3477 which represents 23.6% of fibonacci’s correction level, but if the pair broke the top border of the triangle pattern with breaking the resistance level 1.3847 it will rise targeting the level 1.4012 which represents 61.8% of fibonacci’s correction level, this may coincides with re-testing the top border of the mentioned channel.
Res: 1.3878 1.3922 1.3999
Pivot: 1.3801
Sup: 1.3757 1.3680 1.3636
](http://www.herosh.com)[IMG]
GBP/ USD
The GBP/USD pair is moving up for the near-term and the intraday levels till it tested the resistance level 1.6130 which is still holding till this moment against testing it, the pair formed a reversal pattern for the bullish direction which threatens weakness this direction; if the resistance level 1.6130 still holding so the pair broke the pattern’s lower border and also it will target during the intraday trades reaching the support level 1.6000 as it’s first target then the support level 1.5925.
This scenario depends on the stability of the resistance level 1.6130.
Res: 1.6133 1.6178 1.6228
Pivot: 1.6083
Sup: 1.6038 1.5988 1.5943
](http://www.herosh.com)[IMG]
USD/CHF
The pair rose to the level 0.9065 which coincides with the top border of the reversal bullish wedge pattern, the pair failed to break this level which led the pair to decline again and broke the support level 0.9000 reaching the support level 0.8935 which coincides with the bottom border of the same pattern which may led the pair to rise again and it is expected that the pair will rise to re-test the resistance level 0.9065 but under the condition of breaking the level 0.9000.
The stability of these expectations requires the stability of the support level 0.8875.
Res: 0.9034 0.9122 0.9179
Pivot: 0.8977
Sup: 0.8889 0.8832 0.8744
](http://www.herosh.com)[IMG]
USD/CAD
The USD/CAD pair was unable to override the level 1.0222 during the previous trades which pushed the pair down reaching the support level 1.0075, the pair will rise again during the current trades, in case of the mentioned support’s level stability; the pair will target the resistance level 1.0222 and in case of declining the pair and overcome the level 1.0075 so it will target the support level 0.999.
Res: 1.0152 1.0218 1.0256
Pivot: 1.0114
Sup: 1.0048 1.0010 0.9944
](http://www.herosh.com)[IMG]
AUD/USD
The pair is trading in a narrow range between the support level 1.0285 and the resistance level 1.0410 which represents 23.6% of fibonacci’s correction level for the last bullish wave (From 0.9380 to 1.0725), it is expected that the pair will decline targeting to re-test the support level 1.0215 which represents 38.2% of the same correction levels but under the condition of breaking the support level 1.0285.
The stability of these expectations requires the stability of the resistance level 1.0495.
Res: 1.0442 1.0484 1.0564
Pivot: 1.0362
Sup: 1.0320 1.0240 1.0198
[B]EUR/USD[/B]
As it was expected through the last analysis, the pair declined breaking the bottom border of the bullish channel for near-term with the symmetric triangle due to the stability of the resistance level 1.3847 which represents 50.0% of fibonacci’s correction level for the bearish move (from 1.4547 to 1.3146), the pair reached the level 1.3477 which represents the target of the mentioned patterns and also coincides with 23.6% of fibonacci’s correction level, it is expected that if the pair tended to decline during the upcoming near-term trades it has to break the level 1.3477 then it will target the level 1.3360, but if the level 1.3477 held it may push the pair to rise in order to re-test the near resistance level such as 1.3681.
Yesterday analysis is still remaining till now
Res: 1.3678 1.3749 1.3846
Pivot: 1.3581
Sup: 1.3510 1.3413 1.3342
[B]GBP/ USD[/B]
As was expected yesterday, after the GBP/USD pair formed the (reversal bullish wedge) for the near-term and the intraday levels, the pair declined breaking the wedge’s lower border targeting the support level 1.5925; the negative signals are still appearing till now so forming the (double consecutive tops) reversal pattern for the bullish direction through the mid and near-terms is noticed , this pattern represents the support level 1.5890 which is the baseline for this pattern, if the price broke this level with a good close below it; the price will target to reach the support level 1.5750 as it’s first target for this formed pattern.
This scenario depends on the stability of the resistance level 1.6000.
Previous analysis is still remaining till now
Res: 1.5989 1.6045 1.6106
Pivot: 1.5928
Sup: 1.5872 1.5811 1.5755
[B]USD/CHF[/B]
The pair is moving inside a bullish channel for near and mid-term trades, trying to form a bullish bottom at the support level 0.9030 which coincides with the bottom border of the channel so it is expected that the pair will rise targeting to re-test the resistance level 0.9123 and if the pair held above this level it will target the resistance level 0.9202 which coincides with the top border of the channel.
The stability of these expectations requires the stability of the support level 0.9030.
Res: 0.9105 0.9161 0.9173
Pivot: 0.9093
Sup: 0.9037 0.9025 0.8969
[B]USD/CAD[/B]
After the USD/CAD pair is moving between a short bullish channel range, as the pair rose during the previous trades testing the resistance level 1.0222 coinciding with 50% correction level for the bearish move from 1.0655 to 0.9889 forming the top board for the channel, the pair direction remain bearishly as long as the pair remain below 50% correction level, as it is expected for the pair to fall in order to retest the support level 1.0075 which may cause the breaking of the channel coinciding with 23.6% correction level leading the pair to the bearish direction, but breaking up 50% correction level at 1.0272 will push the pair to rise targeting 1.0340 level coinciding with 61.8% correction level.
Res: 1.0232 1.0299 1.0334
Pivot: 1.0197
Sup: 1.0130 1.0095 1.0028
[B]AUD/USD[/B]
As it was expected through yesterday report, the pair declined to the level 1.0055 which represents 50.0% of fibonacci’s correction level for the last bullish wave (from 0.9380 to 1.0725) after breaking the support level 1.0130 and after standing at the level 1.0055 with no breaking which led the pair to rise again to re-test the near resistance level at 1.0215 which represents 38.2% of fibonacci’s correction level for the same last bullish wave, it is expected that the pair will continue declining targeting the support level 0.9900 which represents 61.8% of the same correction levels but under the condition of breaking the support level 1.0055.
The stability of these expectations requires the stability of the resistance level 1.0215.
Res: 1.0216 1.0290 1.0372
Pivot: 1.0134
Sup: 1.0060 0.9978 0.9904
Very in depth information. Thanks I will be taking a closer look.