GIGFX Daily Technical Analysis Report

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EUR/USD
During yesterday trades, the pair formed a bullish bottom using the support level 1.4165 that was mentioned through the last report, the pair pushed from the formed bottom till reached to re-test the resistance level 1.4248 and tried to be stable during the last intraday trades, through rising and declining, the pair formed a harmonic pattern AB=CD where the support level 1.4165 represents the point C and the resistance level 1.4248 represents the point B so that, with breaking the point B, the pair will continue forming the bullish rib CD which targets to reach the confined area between the level 1.4360 and the level 1.4389 which represents 161.8% of Fibonacci’s continuous level for the bearish wave (from 1.4248 to 1.4020) which represents the point D that completes the pattern.

The stability of these expectations requires the stability of the support level 1.4165.

Res: 1.4261 1.4300 1.4355
Pivot: 1.4206
Sup: 1.4167 1.4112 1.4073

GBP/ USD
As it was expected yesterday, the pair rose targeting the resistance level 1.6225 in a violent trades and buying momentum that led to breaking up this level reaching the resistance level 1.6350 that the pair is testing now, it is expected that the pair will continue rising during today’s intraday trades targeting the resistance level 1.6399 at which the pair formed a top previously for the medium-term, this level is important because it will determine the upcoming direction during the short and the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6290.

Res: 1.6364 1.6432 1.6569
Pivot: 1.6227
Sup: 1.6159 1.6022 1.5954

USD/CHF
The pair is still moving inside a short and medium-term bullish channel, yesterday trades were in a narrow range which reflects collecting of the momentum that will determine the next direction. It is noticed that the pair is trying to form a new top at the resistance level 0.9290 and it is the second consecutive top at the same level thus, the first condition of existing the double bottom reversal pattern is available. The last condition of existing this pattern is breaking the neck line at the support level 0.9210, so it is expected during the upcoming trades that, the pair will decline testing the support level 0.9210 at which the price will coincide with the bottom border of the bullish channel, and if the pair was unable to break down this area, this means declining the pair till reaches the level 0.9127 which represents 50.0% of Fibonacci’s correction level and at the same time represents the target of the pattern.

The stability of these expectations requires the stability of the resistance level 0.9290.

Res: 0.9280 0.9308 0.9346
Pivot: 0.9242
Sup: 0.9214 0.9176 0.9148

USD/CAD
As noticed in the chart, the pair yesterday was not able to break the resistance level 0.9681 then it reflected again to complete the CD rib for the AB=CD harmonic pattern, completing the pattern at the support level 0.9591 but the support level 0.9617 must be broken to complete the CD rib by reaching the D point, therefore it’s expected in that case; the pair will retest the resistance level 0.9681 and the stability above it, will give the pair a chance to target the resistance level 0.9729 which represents the B point.

This expectation depends on the stability of the pair above the resistance level 0.9591 which represents the D point.

Res: 0.9661 0.9687 0.9705
Pivot: 0.9643
Sup: 0.9617 0.9599 0.9573

AUD/USD
As expected in yesterday report, the pair formed a bottom at the level 1.0295 supported by the complement positive divergence bullish direction, whereas the pair is on it’s way to retest the bottom border for the previous broken down bullish channel, if the pair is able to break this bottom border with breaking the resistance level 1.0422, the pair will continue rising till reaching the resistance level 1.0506.

This expectation depends on the stability of the support level 1.0295.

Res: 1.0370 1.0413 1.0455
Pivot: 1.0328
Sup: 1.0285 1.0243 1.0200

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EUR/USD
Yesterday trades saw the confirmation of breaking the resistance level 1.4248 which represents the point B of the harmonic pattern AB=CD, the European currency continued rising against the American dollar and succeeded to break the resistance level 1.4310 to end yesterday trades achieving the highest price at the level 1.4350 around the point D. the pair formed a top and used it to decline during the Asian market period trying to form a new bullish bottom that is expected to be around the support level 1.4275, the pair will use this bottom to rise targeting to reach the resistance level 1.4389.

The stability of these expectations requires the stability of the support level 1.4248.

Res: 1.4384 1.4437 1.4525
Pivot: 1.4296
Sup: 1.4243 1.4155 1.4102

GBP/ USD
Yesterday, the pair continued rising till reached the level 1.6330 that has been tested two consecutive times and still resisting the rise of the pair and this led the pair to form a double tops pattern that shifts the bullish direction to bearish direction, but in order to confirm this pattern forming, the pair should break the support level 1.6260 which represents the base of the pattern to target then the support level 1.6200 which represents 38.2% of Fibonacci’s correction level for the last bullish wave for the near-term.

The stability of these expectations requires the stability of the resistance level 1.6330.

Res: 1.6376 1.6422 1.6482
Pivot: 1.6316
Sup: 1.6270 1.6210 1.6164

USD/CHF
As it was expected through yesterday report, the pair formed the second top for the double tops harmonic pattern at the resistance level 0.9290 and it was pushed declining breaking the neck line of the pattern at the support level 0.9210 and also broke the bottom border of the bullish channel in which the pair was moving for the near and the medium-term. The pair continued declining till reached the level 0.9127 which represents 50.0% of Fibonacci’s correction level for the bullish move (from 0.8915 to 0.9339) and also represents the target of the pattern. After the pair exited out of the range of the bullish channel, the pair may target to reach the level 0.9015 which represents 76.4% of Fibonacci’s correction level but under the condition of breaking the support levels 0.9127 and 0.9077.

The stability of these expectations requires the stability of the resistance level 0.9210.

Res: 0.9276 0.9363 0.9436
Pivot: 0.9203
Sup: 0.9116 0.9043 0.8956

USD/CAD
Yesterday the pair has completed the CD rib from the AB=CD harmonic pattern till it reached the support level 0.9588 and it gives a rising doji sign therefore the pair during the intraday trades will make a corrective rise which began since completing the previous mentioned CD rib the pair first targets is the resistance level 0.9681 and breaking the pair to this level and the stability above it, the pair will continue rising till it targets the resistance level 0.9729 which represents the B point for the formed pattern.

Res: 0.9641 0.9677 0.9714
Pivot: 0.9604
Sup: 0.9531 0.9669 0.9495

AUD/USD
Continuality for what was mentioned during the previous reports that the pair is continuing rising targeting a new record by reaching the level 1.0449 during yesterday trades after succeeding the pair on breaking the resistance level 1.0422, during the Asian trades the pair was able to break also the level 1.0449 continuing targeting a new records, therefore it’s expected that the bullish move will be continued by reaching the level 1.0506 which represents 161.8% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ).

Res: 1.0487 1.0535 1.0622
Pivot: 1.0400
Sup: 1.0352 1.0265 1.0217

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EUR/USD
The ECB raised the interest rates 0.25% and this supports the rise of the European currency against the American dollar whereas, the pair is in the forming stage of another harmonic patter AB=CD where the rib BC represents 50.0% of Fibonacci’s correction level for the rib AB so it is expected that, the rib CD will be completed at 200% of Fibonacci’s continuous level for the rib BC, after the resistance level 1.4350 which represents the point B that has been broken during the Asian market trades, the pair will continue rising till reaching the level 1.4455 which represents 200.0% of Fibonacci’s continuous level for the rib BC and also represents the point D that completes the pattern.

The stability of these expectations requires the stability of the support level 1.4350.

Res: 1.4349 1.4390 1.4443
Pivot: 1.4296
Sup: 1.4255 1.4202 1.4161

GBP/ USD
Yesterday, the pair continued rising after forming a pirate flag pattern which supports the continuity of the bullish direction. The pair broke the top border of this pattern reaching the resistance level 1.6380 that the pair is testing till the moment expecting more rising during today’s intraday trades, supported by the formed pattern that was formed on yesterday’s price action targeting the resistance level 1.6490 but under the condition of breaking the resistance level 1.6380.

The stability of these expectations requires the stability of the support level 1.6320.

Res: 1.6357 1.6393 1.6441
Pivot: 1.6309
Sup: 1.6273 1.6225 1.6189

USD/CHF
The pair is continuing its corrective bearish direction after breaking the bottom border of the bullish channel for the short and the medium-term. During the last trades, the pair tried to confirm breaking the support level 0.9127 which represents 50.0% of Fibonacci’s correction level for the bullish move (from 0.8915 to 0.9339), if the pair broke this level with stability below, this will force the pair to decline targeting the level 0.9015 which represents 76.4% of Fibonacci continuous level for the same mentioned bullish direction furthermore, it also represents the target of breaking out of the bullish channel.

The stability of these expectations requires the stability of the resistance level 0.9190.

Res: 0.9192 0.9220 0.9240
Pivot: 0.9172
Sup: 0.9144 0.9124 0.9096

USD/CAD
The pair direction is the bearish direction for the medium and the short-terms whereas a harmonic pattern AB=CDis formed on the price movement and the pair is moving now in the last wave of the pattern which is the CD wave which also targets the support level 0.9479 to complete the pattern by forming this wave, therefore it’s expected forthe pair to continue declining ( with the probability of retesting the price to the resistance level 0.9612 which represents the B point for the formed pattern ).

But succeeding this scenario up depends on the stability of the resistance level 0.9612.

Res: 0.9611 0.9643 0.9664
Pivot: 0.9590
Sup: 0.9558 0.9537 0.9505

AUD/USD
Continuality for what was mentioned in the previous reports that the pair is continuing rising achieving a new record by reaching the level 1.0506 during yesterday trades after succeeding the pair to break the resistance level 1.0449, the pair will try to get out of this bullish channel during the intraday trades to form a new bullish direction reaching the level 1.0695 which represents 200% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ), expecting that the price will get out of this channel after breaking the resistance level 1.0506 with a good close above it.

This expectation depends on the stability of the support level 1.0449.

Res: 1.0511 1.0555 1.0604
Pivot: 1.0462
Sup: 1.0418 1.0369 1.0325

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EUR/USD
The ECB raised the interest rates 0.25% and this supports the rise of the European currency against the American dollar whereas, the pair is in the forming stage of another harmonic patter AB=CD where the rib BC represents 50.0% of Fibonacci’s correction level for the rib AB so it is expected that, the rib CD will be completed at 200% of Fibonacci’s continuous level for the rib BC, after the resistance level 1.4350 which represents the point B that has been broken during the Asian market trades, the pair will continue rising till reaching the level 1.4455 which represents 200.0% of Fibonacci’s continuous level for the rib BC and also represents the point D that completes the pattern.

The stability of these expectations requires the stability of the support level 1.4350.

Res: 1.4349 1.4390 1.4443
Pivot: 1.4296
Sup: 1.4255 1.4202 1.4161

GBP/ USD
Yesterday, the pair continued rising after forming a pirate flag pattern which supports the continuity of the bullish direction. The pair broke the top border of this pattern reaching the resistance level 1.6380 that the pair is testing till the moment expecting more rising during today’s intraday trades, supported by the formed pattern that was formed on yesterday’s price action targeting the resistance level 1.6490 but under the condition of breaking the resistance level 1.6380.

The stability of these expectations requires the stability of the support level 1.6320.

Res: 1.6357 1.6393 1.6441
Pivot: 1.6309
Sup: 1.6273 1.6225 1.6189

USD/CHF
The pair is continuing its corrective bearish direction after breaking the bottom border of the bullish channel for the short and the medium-term. During the last trades, the pair tried to confirm breaking the support level 0.9127 which represents 50.0% of Fibonacci’s correction level for the bullish move (from 0.8915 to 0.9339), if the pair broke this level with stability below, this will force the pair to decline targeting the level 0.9015 which represents 76.4% of Fibonacci continuous level for the same mentioned bullish direction furthermore, it also represents the target of breaking out of the bullish channel.

The stability of these expectations requires the stability of the resistance level 0.9190.

Res: 0.9192 0.9220 0.9240
Pivot: 0.9172
Sup: 0.9144 0.9124 0.9096

USD/CAD
The pair direction is the bearish direction for the medium and the short-terms whereas a harmonic pattern AB=CDis formed on the price movement and the pair is moving now in the last wave of the pattern which is the CD wave which also targets the support level 0.9479 to complete the pattern by forming this wave, therefore it’s expected forthe pair to continue declining ( with the probability of retesting the price to the resistance level 0.9612 which represents the B point for the formed pattern ).

But succeeding this scenario up depends on the stability of the resistance level 0.9612.

Res: 0.9611 0.9643 0.9664
Pivot: 0.9590
Sup: 0.9558 0.9537 0.9505

AUD/USD
Continuality for what was mentioned in the previous reports that the pair is continuing rising achieving a new record by reaching the level 1.0506 during yesterday trades after succeeding the pair to break the resistance level 1.0449, the pair will try to get out of this bullish channel during the intraday trades to form a new bullish direction reaching the level 1.0695 which represents 200% Fibonacci retracement continuous level for the bearish direction ( from 1.0200 to 0.9705 ), expecting that the price will get out of this channel after breaking the resistance level 1.0506 with a good close above it.

This expectation depends on the stability of the support level 1.0449.

Res: 1.0511 1.0555 1.0604
Pivot: 1.0462
Sup: 1.0418 1.0369 1.0325

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EUR/USD
The trades of last week saw the continuity of declining the European currency against the U.S dollar as the pair achieved the highest price in 15 months at the level 1.4482, by reaching this level, the pair completed the harmonic pattern AB=CD which was targeting the level 1.4455 that represents the point D that completes the pattern. Despite of this bearish beginning of this week’s trades, this declining will not remain for a long time as it is expected with breaking the level 1.4482 that, the pair will continue rising targeting to reach the next resistance level at 1.4521.

The stability of these expectations requires the stability of the support level 1.4350.

Res: 1.4545 1.4609 1.4736
Pivot: 1.4418
Sup: 1.4354 1.4227 1.4163

GBP/ USD
The bullish direction is still dominating the price action of the pair for the near and long-term and also for the intraday levels. it noticed that the pair formed a harmonic pattern AB=CD and is moving in the range of the last wave CD which is supposed to target the resistance level 1.6490 in order to complete the pattern.

The stability of these expectations requires the stability of the support level 1.6325.

Res: 1.6440 1.6489 1.6553
Pivot: 1.6376
Sup: 1.6327 1.6263 1.6214

USD/CHF
The pair continued its corrective bearish direction for the short-term as it succeeded to break the support level 0.9127 which represents 50.0% of Fibonacci’s correction level for the bullish move (from 0.8915 to 0.9339). The last intraday trades were at the support level 0.9077 expecting to break this level down targeting the level 0.9015 which represents 76.4% of Fibonacci’s correction level for the same bullish move and also represents the target of breaking out this bullish channel.

The stability of these expectations requires the stability of the resistance level 0.9127.

Res: 0.9140 0.9196 0.9225
Pivot: 0.9111
Sup: 0.9055 0.9026 0.8970

USD/CAD
As noticed in the char for the medium and the long-terms, the pair is taking the bearish direction as a main direction till it’s stability inside the bearish channel therefore it’s expected that the pair will continue declining till re-testing the support level 0.9460 which represents the lower border for the bearish channel but if the pair broke the resistance level 0.9570 which represents the top border for the channel and the stability of the pair above it, then the pair will target the resistance level 0.9657.

Res: 0.9594 0.9628 0.9663
Pivot: 0.9559
Sup: 0.9525 0.949 0.9456

AUD/USD
Although of breaking the resistance level 1.0506 which represents 161.8% Fibonacci retracement complement level for the bearish direction ( from 1.0200 to 0.9705 ) however it’s still unable to break the top border for the bullish channel, whereas the pair registered a new record by reaching the level 1.0565, expecting with succeeding in breaking this level and with getting out of the bullish channel then the pair will start to form a bullish sub-direction by reaching the level 1.0695 which represents 200% Fibonacci retracement continuous level for the same previous mentioned bearish direction.

This expectation depends on the stability of the support level 1.0506.

Res: 1.0601 1.0640 1.0715
Pivot: 1.0526
Sup: 1.0487 1.0412 1.0373

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EUR/USD
During yesterday trades the pair was unable to break the resistance level 1.4482 forming a top and used it to decline to re-test the nearest support levels and what helped this declining is forming the harmonic pattern completely. It is expected that, the pair will continue declining during the upcoming trades to test the support level 1.4350 at which the price is expected to coincide with the bullish trendline which matches the point A with C. If a bottom has been formed in the coinciding area, the pair will rise targeting to re-test the resistance level 1.4482 again, but in the case of breaking the support level 1.4350 the pair will decline targeting to reach the level 1.4245.

Res: 1.4472 1.4509 1.4535
Pivot: 1.4446
sup: 1.4409 1.4383 1.4346

GBP/ USD
After the pair faced the resistance level 1.6425 twice, it reflected downwards forming a double top reversal pattern in which the bottom border coincides with 23.6% of Fibonacci’s correction levels for the last bullish wave for the near-term and the targets of this pattern also coincide with these Fibonacci’s correction levels, after the pair broke the support level 1.6310 which represents the base line for the pattern, it is expected to target testing the support level 1.6240 as the first targets for the formed pattern which coincides with 38.2% of Fibonacci’s correction level that was mentioned before and in the case of succeeding the pair to break this level it will target immediately to reach the level 1.6180 which represents 50.0% of the same Fibonacci’s levels.

The stability of these expectations requires the stability of the resistance level 1.6310.

Res: 1.6407 1.6471 1.6518
Pivot: 1.6360
Sup: 1.6296 1.6249 1.6185

USD/CHF
As was expected through yesterday report, the pair continued declining till reached the level 0.9015 which represents the target of breaking out the bullish channel and at the same time represents 76.4% of Fibonacci’s correction level for the bullish move (from 0.8915 to 0.9339). With the confirmation of breaking the level 0.9015 with stability below it is expected that, the pair will continue declining till reaches the next support level at 0.8915.

The stability of these expectations requires the stability of the resistance level 0.9127.

Res: 0.9097 0.9129 0.9154
Pivot: 0.9072
sup: 0.9040 0.9015 0.8983

USD/CAD
After trading the pair during the previous medium and the long-terms inside the bearish channel, at the beginning of the intraday trades the pair broke the top border of the channel which gives some expectations that the pair during the upcoming intraday trades is dominated by the bullish direction and will try reaching the resistance level 0.9657 which tried to reach it yesterday but the pair must break the resistance level 0.9614 but also the pair may retest the support level 0.9571 which represents the top border for the channel.

This expectation depends on the stability of the pair above the support level 0.9571

Res: 0.9579 0.9595 0.9614
Pivot: 0.956
Sup: 0.9544 0.9525 0.9509

AUD/USD
The pair formed a new bullish top at the level 1.0579 using the top border for the bullish channel which the pair is still moving inside this channel for the medium and the short-terms, the pair was pushed down from this top till it reached the bottom border, if the last bearish wave represents the begin of the corrective bearish direction then the lower border for the bullish channel must be broken also with breaking the trend line 23.6% Fibonacci retracement correction level for the bullish direction ( from 0.9705 to 1.0579 ) then the pair will continue declining till the support level 1.0290 which is expected to coincide at it the price with the line 38.2% Fibonacci retracement correction level for the same mentioned bullish direction.

Res: 1.0554 1.0615 1.0651
Pivot: 1.0518
Sup: 1.0457 1.0421 1.0360

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EUR/USD
The pair is still keeping the bullish direction as the main direction for the medium-term which was formed through moving inside a bullish channel, the pair used touching the bottom border of this channel to form a new bullish bottom which represents the point C for the harmonic pattern AB=CD, during the last intraday trades it is noticed that, the pair is trying to confirm breaking the resistance level 1.4482 which represents the point B, and if the pair succeeded to confirm this breaking, it will continue rising to form the remaining part of the rib CD which targets to reach the level 1.4615 which represents one of the resistance levels of the top border of the bullish channel and at the same time represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 1.4375.

Res: 1.4538 1.4599 1.4680
Pivot: 1.4457
Sup: 1.4396 1.4315 1.4254

GBP/ USD
After the pair faced the resistance level 1.6425 twice, it reflected downwards forming a double top reversal pattern in which the bottom border coincides with 23.6% of Fibonacci’s correction levels for the last bullish wave for the near-term and the targets of this pattern also coincides with these Fibonacci’s correction levels, after the pair broke the support level 1.6310 which represents the base line for the pattern, it is expected to target testing the support level 1.6240 as the first targets for the formed pattern which coincides with 38.2% of Fibonacci’s correction level that was mentioned before and in the case of succeeding the pair to break this level it will target immediately the level 1.6180 which represents 50.0% of the same Fibonacci’s levels.

The stability of these expectations requires the stability of the resistance level 1.6310.

Yesterday analysis is still remaining
Res: 1.6326 1.6398 1.6448
Pivot: 1.6276
Sup: 1.6204 1.6154 1.6082

USD/CHF
As it was expected through yesterday report, the pair succeeded to break the support level 0.9015 down to continue declining achieving the lowest price for yesterday trades by reaching the level 0.8941, with breaking this level it is expected that, the pair will continue declining during the upcoming trades targeting the support level 0.8915 which with its breaking down the pair is expected to continue declining till reaches the level 0.8801 which represents 127.0% of Fibonacci’s continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.

Res: 0.9049 0.9129 0.9183
Pivot: 0.8995
Sup: 0.8915 0.8861 0.8781

USD/CAD
The pair continued declining during the last trades for the long and medium-terms, the pair formed a pattern which is the rounding bottom whereas it’s noticed that the pair took a rounding curve, it took this shape during the long-term trades therefore it’s expected that the pair will take the bullish direction during the intraday trades but the pair must break the resistance level 0.9623 which represents the midline for the pattern, and also it must do a good close above it because this will push the pair to target the resistance level 0.9671 and with the stability above this level, then the pair may reach the resistance level 0.9721.

This expectation depends on breaking the pair the resistance level 0.9624 and the stability above it.

Res: 0.9673 0.9714 0.9774
Pivot: 0.9613
Sup: 0.9572 0.9512 0.9471

AUD/USD
The pair formed a new bullish bottom for the medium and the short-terms using coinciding the bottom border for the bullish channel with 23.6% Fibonacci fan correction level for the bullish direction (from 0.9705 to 1.0579), expecting with the stability of the support level 1.0425 that the pair will continue rising using this bottom to retest the resistance level 1.0580 which with breaking it up the pair will continue registering a new records.

This expectation depends on the stability of the support level 1.0425

Res: 1.0507 1.0579 1.0639
Pivot: 1.0447
Sup: 1.0375 1.0315 1.0243

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EUR/USD
Yesterday trades were in a bearish narrow range although this bearish narrow move, the pair is still moving inside a bullish channel for the medium-term, the continuity of existing the positive divergence that continues the bullish direction is noticed through this chart, these positive signs confirms the tendency of the pair to continue rise so that a new bullish bottom has been formed when the pair faced the bottom border of the bullish channel, it is expected that the pair will continue rise during the upcoming trades targeting to form the remaining part of the harmonic pattern AB=CD which targets to reach the level 1.4615 which represents the point D that completes the harmonic pattern.

The stability of these expectations requires the stability of the support level 1.4375.

Res: 1.4503 1.4564 1.4609
Pivot: 1.4458
Sup: 1.4397 1.4352 1.4291

GBP/ USD
The support level 1.6240 which represents 38.2% of Fibonacci’s correction level for the last bullish wave for the medium-term held and supported the pair to return rising again breaking the level 1.6310 which represents 23.6% of the same Fibonacci’s correction level expecting more rising during today’s intraday trades targeting the resistance level 1.6425 at which the pair formed a top previously, this level is important as it will determine the upcoming direction for the pair during the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6310.

Res: 1.6305 1.6342 1.6377
Pivot: 1.6270
Sup: 1.6233 1.6198 1.6161

USD/CHF
The pair is still declining for short, medium and long-terms, it was expected through the last report that the pair will try to break the support level 0.8915 and this is what the pair tried to do during the last intraday trades, with breaking this level it is expected that the pair will continue declining till reach the level 0.8801 which represents 127.0% of Fibonacci’s continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.

Res: 0.8993 0.9023 0.9056
Pivot: 0.8960
Sup: 0.8930 0.8897 0.8867

USD/CAD
During the previous trades for the medium-term the pair didn’t determine a certain direction whereas it was confined between the resistance level 0.9641 and the support level 0.9565 therefore it’s expected that the pair will take the bullish direction and if the pair is able to break the resistance level 0.9609 which represents 50.0% Fibonacci retracement for the last bearish wave and the stability above it therefore the pair will retest the resistance level 0.9641 then the resistance level 0.9653 which represents 76.4% from the same previous mentioned Fibonacci retracement levels but the pair must break the resistance level 0.9628 which represents 61.8% from the same previous mentioned Fibonacci retracement levels.

This expectation depends on breaking the pair the resistance level 0.9609 which represents 50.0% Fibonacci retracement levels.

Res: 0.9653 0.9686 0.9721
Pivot: 0.9618
Sup: 0.9585 0.9550 0.9517

AUD/USD
Seems that the pair is able to retest the resistance level 1.0580 again, whereas it is still moving inside the bullish channel for the medium and the short-terms, expecting with continuing the stability of the lower border for the channel and the stability of the support level 1.0460 the pair will continue rising during the next trades reaching the level 1.0580 which with breaking it up the pair will register a new records.

This expectation depends on the stability of the support level 1.0460.

Res: 1.0551 1.0599 1.0661
Pivot: 1.0489
Sup: 1.0441 1.0379 1.0331

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EUR/USD

The bullish direction is still dominating the price action of the pair for the short and the medium-term and it is noticed that it is moving inside a bullish channel, yesterday the pair tested the bottom border of the channel at the support level 1.4410 from which it reflected upside expecting more rising during today’s intraday trades targeting the resistance level 1.4625 but under the condition of breaking the strong resistance level 1.4510.

The stability of the expectations requires the stability of the support level 1.4410.

Res: 1.4503 1.4564 1.4609
Pivot: 1.4458
Sup: 1.4397 1.4352 1.4291

GBP/ USD

The support level 1.6240 which represents 38.2% of Fibonacci’s correction level for the last bullish wave for the medium-term held and supported the pair to return rising again breaking the level 1.6310 which represents 23.6% of the same Fibonacci’s correction level expecting more rising during today’s intraday trades targeting the resistance level 1.6425 at which the pair formed a top previously, this level is important as it will determine the upcoming direction for the pair during the medium-term trades.

The stability of these expectations requires the stability of the support level 1.6310.

Yesterday analysis is still remaining

Res: 1.6403 1.6456 1.6531
Pivot: 1.6328
Sup: 1.6275 1.6200 1.6147

USD/CHF

The pair is still declining for short, medium and long-terms, it was expected through the last report that the pair will try to break the support level 0.8915 and this is what the pair tried to do during the last intraday trades, with breaking this level it is expected that the pair will continue declining till reaches the level 0.8801 which represents 127.0% of Fibonacci’s continuous level for the bullish move (from 0.8915 to 0.9339).

The stability of these expectations requires the stability of the resistance level 0.9015.

Yesterday analysis is still remaining

Res: 0.8993 0.9023 0.9056
Pivot: 0.8960
Sup: 0.8930 0.8897 0.8867

USD/CAD

As noticed in the chart, during the previous trades for the medium-term the pair formed a bullish channel therefore it’s expected that the pair will continue the bullish scenario inside this channel till reaching the resistance level 0.9678 which represents the top border for the previous mentioned channel.
But if the pair is able to break the support level 0.9607 which represents the lower border for the channel with stability below it, the pair will change it’s bearish direction till reaching the support level 0.9549.

Res: 0.9652 0.9697 0.9727
Pivot: 0.9622
Sup: 0.9577 0.9547 0.9502

AUD/USD

As noticed in the chart, the bullish direction is still dominating the pair direction for the medium and the short-terms whereas the harmonic pattern which is the ( AB=CD ) butterfly pattern is formed on the price action which is now moving in the last wave for the CD rib which targets the resistance level 1.0686 to end the pattern by forming this wave therefore it’s expected that the bullish scenario will be continued ( with the probability of retesting the support level 1.0464) but confirming this pattern the pair must break the resistance level 1.0569 which represents the B point with stability above it.
Succeeding this scenario; the pair must break the resistance level 1.569 and the stability above it which represents the B point.

Res: 1.0574 1.0607 1.0666
Pivot: 1.0515
Sup: 1.0482 1.0423 1.0390

[Success_gateway]

EUR/USD
It is noticed through this chart that the pair formed a confusion area between the resistance level 1.4519 and the support level 1.4401, at the beginning of this week’s trades the pair registered a bearish gab that pushed the pair downside breaking the bottom border of the confusion area as the bottom border represents 23.6% of Fibonacci’s correction level for the bullish move (from 1.4020 to 1.4519) so it is expected that the pair will continue declining targeting the level 1.4269 which represents the target of breaking out this confusion area and at the same time represents 50.0% of the same Fibonacci’s correction level. In order to reach this level, the pair should break the support level 1.4228.

The stability of these expectations requires the stability of the resistance level 1.4401.

Res: 1.4491 1.4554 1.4604
Pivot: 1.4441
Sup: 1.4378 1.4328 1.4265

GBP/ USD
At the end of the last week trades and at the beginning of this week trades, the pair declined after tried to test the resistance level 1.6425 that the pair was unable to test expecting to form (gartley) harmonic pattern and the pair now is moving in the last wave of this pattern targeting the support level 1.6180 which represents the point D for the pattern and also coincides with 50.0% of Fibonacci’s correction level for the bullish wave XA, this coinciding supports the strength of the pattern but it is needed to strong confirmation by breaking the support level 1.6240 which represents the point B for the pattern and also represents 38.2% of the same Fibonacci’s correction level.

The stability of these expectations requires the stability of the resistance level 1.6310.

Res: 1.6351 1.6402 1.6432
Pivot: 1.6321
Sup: 1.6270 1.6240 1.6189

USD/CHF
The pair is still moving inside a bearish channel for the short and the medium-term, the existence of a positive divergence is noticed and this reflects the bearish direction, so it is clear that the pair is rising trying to break the top border of the bearish channel and if the pair succeeded to do so, it will continue rising till reach the level 0.9065 which represents the target of breaking out the bearish channel and at the same time represents 38.2% of Fibonacci’s correction level for the bearish move (from 0.9339 to 0.8896).

The stability of these expectations requires the stability of the support level 0.8896.

Res: 0.8952 0.8976 0.8994
Pivot: 0.8934
sup: 0.8910 0.8892 0.8868

USD/CAD
As noticed in the chart that the pair has broken the bearish channel which was mentioned in the end of the last week therefore it’s expected that during the intraday trades the pair will try to retest the resistance kevel 0.9637 which represents the bottom border for the bearish channel then trying to test the support level 0.9586 and the stability below it therefore the pair will continue declining till reaching the support level 0.9553.

This expectation depends on the stability of the resistance level 0.9634.

Res: 0.9635 0.9670 0.9692
Pivot: 0.9613
Sup: 0.9578 0.9556 0.9521

AUD/USD
As expected in the previous reports that the pair continue rising till it retested the resistance level 1.0580, this bullish move continued inside the mentioned bullish channel, the pair was unable to break the mentioned resistance level to form a new top which is the second consecutive top at the same level to be provided by that one of the conditions of the reflective pattern for the bullish direction ( double tops ) and the base of the pattern is at the support level 1.0425, if the pair is able to break the lower border for the bullish channel that will give the new confirmation on remaining a complete pattern, whereas the pair will continue declining to reach the targeted price at the support level 1.0270.

This expectation depends on the stability of the resistance level 1.0580.

Res: 1.0590 1.0617 1.0657
Pivot: 1.0550
Sup: 1.0523 1.0483 1.0456

[Success_gateway]

EUR/USD

As it was expected through yesterday report, the pair continued its corrective declining as it continued declining till reached the level 1.4269 which represents the target of exiting the confusion area and at the same time represents 50.0% of Fibonacci’s correction level for the bullish move (from 1.4020 to 1.4519), the pair was able to break this level as it is trading now above the support level 1.4211 which represents 61.8% of the same Fibonacci’s level for the same bullish move, it is expected that the pair will continue declining till reach the level 1.4138 followed by the level 1.4020.

The stability of these expectations requires the stability of the resistance level1.4350.

Res: 1.4385 1.4535 1.4649
Pivot: 1.4271
Sup: 1.4121 1.4007 1.3857

GBP/ USD

At the end of the last week trades and at the beginning of this week trades, the pair declined after tried to test the resistance level 1.6425 that the pair was unable to test expecting to form (gartley) harmonic pattern and the pair now is moving in the last wave of this pattern targeting the support level 1.6180 which represents the point D for the pattern and also coincides with 50.0% of Fibonacci’s correction level for the bullish wave XA, this coinciding supports the strength of the pattern but it is needed to strong confirmation by breaking the support level 1.6240 which represents the point B for the pattern and also represents 38.2% of the same Fibonacci’s correction level.

The stability of these expectations requires the stability of the resistance level 1.6310.

Yesterday analysis is still remaining
Res: 1.6339 1.6413 1.6500
Pivot: 1.6252
Sup: 1.6178 1.6091 1.6017

USD/CHF

Yesterday trades for the USD/CHF pair saw exiting the trades out of the bearish channel for the near and the medium-term as it was expected through yesterday report so that, it is expected that the pair will continue its corrective rising targeting to reach the level 0.9065 which represents the target of exiting out of the bearish channel and at the same time represents 38.2% of Fibonacci’s correction level for the bearish move (from 0.9339 to 0.8896).

The stability of these expectations requires the stability of the support level 0.8896.

Res: 0.9006 0.9049 0.9100
Pivot: 0.8955
Sup: 0.8912 0.8861 0.8818

USD/CAD

As noticed in the chart that during the previous medium-term trades the pair rose inside the bullish channel although trying it to break the channel yesterday but it’s expected that the pair will continue rising during the intraday trades till testing the resistance level 0.9708 which represents the top border for the channel.
But if the pair breaks the resistance level 0.9629 which represents the bottom border for the channel and the stability below this level therefore the pair will target the support level 0.9590 then the resistance level 0.9544.

Res: 0.9712 0.9783 0.9846
Pivot: 0.9649
Sup: 0.9578 0.9515 0.9444

AUD/USD

During yesterday trades the pair was able to break the bottom border for the bullish channel continuing declining giving the first confirmation on remaining a reflective bullish ( double consecutive tops ) divergence pattern, the pair is targeting to reach the support level 1.0425 which represents the base of the pattern which forming breaking it down, the last confirmation on remaining the pattern, if the pair is able to break the base of the pattern therefore it will continue declining reaching the targeted area which is confined between the level 1.0285 and the level 1.0245 which represents 38.2% Fibonacci retracement correction level for the bullish direction ( from 0.9705 to 1.0580 ).

This expectation depends on the stability of the resistance level 1.0510.

Res: 1.0567 1.0628 1.0685
Pivot: 1.0510
Sup: 1.0449 1.0392 1.0331

[Success_gateway]

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

[Success_gateway]

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

[Success_gateway]

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

[Success_gateway]

EUR/USD

During yesterday trades the pair formed a bullish bottom for the near-term at the level 1.4493; this bottom has been supported by the bullish positions on the European single currency against the American dollar that happened as a result of the investors’ optimism which outcomes from financial data of American and European companies. The pair used this bottom to rise again breaking the resistance level 1.4648 expecting more rising during the upcoming trades till reach the level 1.4803 which represents 200% of Fibonacci’s continuous level for the bearish move (From 1.4648 to 1.4493) but under the condition of breaking the resistance level 1.4690.
The stability of these expectations requires the stability of the support level 1.4648.

Res: 1.4701 1.4760 1.4864
Pivot: 1.4597
Sup: 1.4538 1.4434 1.4375

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 1.6420 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 1.6420.

Res: 1.65301 1.6581 1.6631
Pivot: 1.6480
Sup: 1.6429 1.6379 1.6328

USD/CHF

The pair is still registering new records as it achieved the lowest price during the Asian trading session at the level 0.8670 to form a bottom at this level that the pair used it to rise to re-test the resistance level 0.8780, the existence of a positive divergence for the RSI index that shifts the bearish direction, this means the probability of rising the pair during upcoming trades but under the condition of breaking the level 0.8780 up then the pair will target to reach the level 0.8878.
The stability of these expectations requires the stability of the support level 0.8670.

Res: 0.8821 0.8890 0.8928
Pivot: 0.8783
Sup: 0.8714 0.8676 0.8607

USD/CAD

The bearish direction is still dominating the move 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 due to the movement of the pair and although the pair tried to break the point B but the pair returned to move in the range of the last wave 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.

Res: 0.9551 0.9589 0.9617
Pivot: 0.9523
Sup: 0.9485 0.9457 0.9419

AUD/USD

It is noticed through this chart that the pair is in the forming stage of the harmonic pattern AB=CD after forming a bottom at the support level 1.0675 which represents the point C that pushed the pair rising breaking the resistance level 1.0773 which represents the point B declaring the beginning of registering new records for the AUD/USD pair as it is expected to complete the rib CD at the level 1.1000 which represents the point D that completes the harmonic pattern, in order to reach this level the pair should break the resistance level 1.0845.
The stability of these expectations requires the stability of the support level 1.0773.

Res: 1.0823 1.0865 1.0939
Pivot: 1.0749
Sup: 1.0707 1.0633 1.0591

[Success_gateway]

[B]EUR/USD[/B]

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

[B]GBP/ USD[/B]

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

[B]USD/CHF[/B]

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

[B]USD/CAD[/B]

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

[B]AUD/USD[/B]

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

[Success_gateway]

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

[Success_gateway]

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

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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

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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