GIGFX Daily Technical Analysis Report

[Success_gateway]

Tuesday August 16th 2011 GIGFX Technical Analysis Report

EUR/USD

The EUR/USD pair was able to break the resistance level 1.4370 yesterday which was facing against raising the pair during the previous weeks after confiding it’s sideway direction movement, the trades movement is still above this level by a consecutive closes, a further rise is expected during the intraday levels targeting the resistance level 1.4530 with the probability of retesting the broken level 1.4370.

This scenario depends on the stability of the support level 1.4370.

Res: 1.4529 1.4614 1.4753
Pivot: 1.4390
Sup: 1.4305 1.4166 1.4081
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair continued rising during yesterday trades till reached the area of the resistance level 1.6390 which represents 76.4% of fibonacci’s correction level for the bearish move (from 1.6476 to 1.6110), the last bullish move was formed due to moving inside a bullish channel for near-term trades, the pair formed a top at the level 1.6390 and used it to decline to re-test the near support levels, while prices are in a bullish channel but a bearish move in the stochastic index is noticed which declares the existence of a divergence that continues the bullish direction, this divergence reflects the probability of forming a bullish bottom coinciding with the bottom border of the channel, this bottom is expected to be coinciding with re-testing the support level 1.6336 and the pair will use this bottom to rise again trying to break the level 1.6390 and if the pair succeeded to do so it will rise targeting the resistance level 1.6476.

The stability of these expectations requires the stability of the support level 1.6293.

Res: 1.6446 1.6503 1.6598
Pivot: 1.6351
Sup: 1.6294 1.6199 1.6142
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair rose previously reaching 0.7968 resistance level that coincide with 61.8% correction level for the bearish move from 0.8520 to 0.7075, where it is expected, to fall form this level facing 0.7798 that represents of 50% correction level which if held it will push the pair to rise breaking 0.7968 resistance to target then 0.8180 resistance level that coincide with 76.4% correction level, but breaking the support level 0.7798 will push the pair down to retest the support level 0.7625 that represents 38.2% correction level.

Res: 0.7963 0.8084 0.8172
Pivot: 0.7875
Sup: 0.7754 0.7666 0.7545
](http://www.herosh.com)[IMG]

USD/CAD

The pair USD/CAD is still trading below a bearish trendline, yesterday it was targeting the support level 0.9866 which represents 23.6% of fibonacci’s correction level and now the pair is trading below it so it is expected that the pair will continue declining trying to target the support level 0.9778 which represents 38.2% of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9705 which represents 50.0% of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9635 which represents 61.8% of fibonacci’s correction level.

The stability of these expectations requires the stability of the pair below the support level 0.9778.

Res: 0.9866 0.9944 0.9983
Pivot: 0.9827
Sup: 0.9749 0.971 0.9632
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair was able to rise passing 1.0411 resistance level that represents the (B) point for the mentioned harmonic pattern (AB=CD), to register 1.0511 price before it fell again in order to retest 1.0411 level again, as if the pair was able to pass the current support it will continue falling in order to search for appropriate support level that might be 1.0110, but if the 01.0411 support held it will push the pair to rise in order to achieve the harmonic pattern target at 1.0590 resistance level.

Res: 1.0560 1.0615 1.0719
Pivot: 1.0456
Sup: 1.0401 1.0297 1.0242

[Success_gateway]

EUR/USD

The EUR/USD pair was able to break the resistance level 1.4370 yesterday which was stopping the pair raising during the previous two weeks after it had a sideway direction movement, the pair trades remains above this level with a consecutive closes to lead the expectations for a further rising during the intraday levels targeting the resistance level 1.4530 specially after the retesting of the resistance level 1.4370.

This scenario depends on the stability of the support level 1.4370.

Res: 1.4468 1.4528 1.4585
Pivot: 1.4411
Sup: 1.4351 1.4294 1.4234
](http://www.herosh.com)[IMG]

GBP/ USD

As it was expected through the last analysis, the GBP/USD pair formed a bullish bottom at the support level 1.6336 coinciding with the bottom border of the bullish channel using the existence of the divergence that continues the direction, the pair broke the resistance level 1.6390 to continue rising till reached the resistance level 1.6476, during the session of Asian market the pair was trying to form a new bullish bottom at the support level 1.6410 that the pair will use it to rise again trying to break the resistance level 1.6476 which with its breaking upwards means more rising till the level 1.6575 which represents 127% of fibonacci’s continuous level for the bearish move (From 1.6476 to 1.6110).

The stability of these expectations requires the stability of the support level 1.6390.
](http://www.herosh.com)[IMG]

Res: 1.6512 1.6568 1.6663
Pivot: 1.6417
Sup: 1.6361 1.6266 1.6210

USD/CHF

The bullish direction remain controlling the pair during the short periods, as the pair reflected in order to correct it movement to register 0.7770 during yesterday trades which represents 50% correction level for the AB wave, as if the pair was able to give a good close above the resistance level 0.8000 that represents the B point it will support the bullish expectations for the pair to continue rising targeting the resistance level 0.8215 to end the pattern by completing the CD wave.

This analyze requires the stability of the support level 0.7770.

Res: 0.8023 0.8086 0.8213
Pivot: 0.7896
Sup: 0.7833 0.7706 0.7643
](http://www.herosh.com)[IMG]

USD/CAD

As seen for the USD \CAD pair the formation of a triangle pattern previously, and breaking one of the pattern ribs will determine the pair direction during the upcoming trades, as if the pair was able to break the support level 0.8783 that coincides with the pair bottom line the pair will target 0.9658 support level, and passing this level will push the pair to target 0.9529 support level.

But if the pair was able to break the resistance level 0.9845 that coincides with the pattern top rib, the pair will target the resistance level 0.9980 and passing this level will push the pair to target the resistance level 1.0104.

Res: 0.9864 0.9908 0.9946
Pivot: 0.9826
Sup: 0.9782 0.9744 0.9700
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair was able to form a reflecting wedge pattern, as it is expected that the pair will rise in order to retest the resistance level 1.0544 that may coincides with the pattern top line, as if the pair was able to pass this level it will target 1.0625 resistance level that coincide with 61.8% correction level for the last bearish move but the pair must break 1.0488 that represents 50% correction level, but the stability of this level will push the pair to retest the support level 1.0362 that coincide with 38.2% correction level coinciding with the pattern bottom line, as if the pair was able to pass down this level it will push the pair to retest 1.0194 support level that represents 23.6% correction level.

Res: 1.0529 1.0574 1.0636
Pivot: 1.0467
Sup: 1.0422 1.036 1.0315

[Success_gateway]

EUR/USD

As it was expected yesterday, the support level 1.4370 held against the pair testing which led to target the resistance level 1.4530 that the pair tried to break it yesterday but it failed and reflected downwards re-testing the support level 1.4370 that it is expected to be stable during the upcoming trades which will led the pair to rise targeting the resistance level 1.4460.
If the resistance level 1.4460 held against the pair testing, the pair will decline targeting to break the support level 1.4370 and to reach the support level 1.4265.

And in the case that the pair broke the resistance level 1.4460, the pair will target the resistance level 1.4530 and the pair may succeed to break it.

Res: 1.4519 1.4613 1.4710
Pivot: 1.4422
Sup: 1.4328 1.4231 1.4137
](http://www.herosh.com)[IMG]

GBP/ USD

As was expected the GBP/USD pair continued the rising movement after it formed a rising bottom at the support level 1.3690 that coincided with the rising channel bottom line which the pair remain moving inside it range, the pair was able to break up the resistance level 1.6476 to continue rising reaching the resistance level 1.6575 that represents 127% continuous level for the bearish move from 1.6476 to 1.6110 , as the pair was able to form a top at this level that pushed down the price in order to correct the last bullish move, where it is expected that the pair will retest 1.6476 level that became a support level to form a rising bottom that may coincide with the channel bottom line, to use this bottom in order to rise again trying to pass the resistance level 1.6575 in order to achieve the next resistance level at 1.6703.

This scenario requires the stability of the support level 1.6476.

Res: 1.6637 1.6731 1.6874
Pivot: 1.6494
Sup: 1.6400 1.6257 1.6163
](http://www.herosh.com)[IMG]

USD/CHF

The EUR/USD pair was able to break the resistance level 1.4370 yesterday which was stopping the pair raising during the previous two weeks after it had a sideway direction movement, the pair trades remains above this level with a consecutive closes to lead the expectations for a further rising during the intraday levels targeting the resistance level 1.4530 specially after the retesting of the resistance level 1.4370.

This scenario depends on the stability of the support level 1.4370.
Yesterday analysis is still remaining till now

Res: 0.8002 0.8103 0.8192
Pivot: 0.7913
Sup: 0.7812 0.7723 0.7622
](http://www.herosh.com)[IMG]

USD/CAD

As seen for the USD \CAD pair the formation of a symmetrical triangle pattern previously to remain moving inside that pattern, and breaking one of the pattern ribs will determine the pair direction during the upcoming trades, as if the pair was able to break the support level 0.8783 that coincides with the pair bottom line the pair will target 0.9658 support level, and passing this level will push the pair to target 0.9529 support level, although breaking the support level 0.9783, but the pair could not hold below it.
But if the pair was able to break the resistance level 0.9845 that coincides with the pattern top rib, the pair will target the resistance level 0.9980 and passing this level will push the pair to target the resistance level 1.0104.

Res: 0.9841 0.9908 0.9912
Pivot: 0.9807
Sup: 0.9770 0.9736 0.9699
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair was able to form a reflecting wedge pattern, as it is expected that the pair will rise in order to retest the resistance level 1.0544 that may coincides with the pattern top line, as if the pair was able to pass this level it will target 1.0625 resistance level that coincide with 61.8% correction level for the last bearish move but the pair must break 1.0488 that represents 50% correction level, but the stability of this level will push the pair to retest the support level 1.0362 that coincide with 38.2% correction level coinciding with the pattern bottom line, as if the pair was able to pass down this level it will push the pair to retest 1.0194 support level that represents 23.6% correction level.
Yesterday analysis is still remaining till now

Res: 1.062 1.0694 1.0788
Pivot: 1.0526
Sup: 1.0452 1.0358 1.0284

[Success_gateway]

EUR/USD

As was expected for the EUR/USD pair, the pair rose in order to retest the resistance level 1.4460, then the pair fell breaking the support level 1.4370 targeting the support level 1.4265, to for a continuous pattern which is the flag pattern, leading the expectations for further falling for the pair targeting a secondary support level 1.4185 that coincides with 50% correction level for the last bullish move during the long trades, in order to confirm this analyze the support level 1.4265 must be broken with a good close below it.
This analyze requires the stability of the resistance level 1.4370.

Res: 1.4431 1.4531 1.4611
Pivot: 1.4351
Sup: 1.4251 1.4171 1.4071

GBP/ USD

After a five days of a bullish movement for the pair, yesterday trades came bearishly as the pair fell after facing the resistance level 1.6575 that represents 127% continuous level for the bearish move from 1.6476 to 1.6110, as it was expected yesterday the retesting of the support level 1.6476 that coincides with the retesting of the bullish channel bottom line which the pair remain moving inside its range, currently the pair is trying to form a rising bottom at the mentioned area in order to use it to pass the resistance level 1.6575 to target then the next resistance at 1.6703.
This scenario requires the stability of the support level 1.6476.

Res: 1.6571 1.6628 1.6704
Pivot: 1.6495
Sup: 1.6438 1.6362 1.6305

USD/CHF

The pair is moving in a sideway channel between the resistance level 0.9765 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.8700 which represents 50.0% of the same levels so breaking any of them will determine the upcoming direction for the pair for near and mid-term trades and will confirm the direction of the breaking.
It is expected that, the pair will continue its sideway move whereas, after the pair tested the resistance level 0.9765 yesterday it is now declining reflecting its tendency to continue declining targeting the support level 0.7630.

Res: 0.7999 0.8058 0.8129
Pivot: 0.7928
Sup: 0.7869 0.7798 0.7739

USD/CAD

The pair was able during the previous trades to break the symmetrical triangle with breaking the resistance level 0.9829 which coincided with the triangle top line, leading the expectations for today’s trade for further rising targeting the resistance level 0.9980, and the stability above this level will lead the pair to the resistance level 1.0104.
This analyze requires the stability of the support level 0.9829.

Res: 0.9959 1.0010 1.0099
Pivot: 0.9878
Sup: 0.9819 0.9738 0.9679

AUD/USD

The pair was able during yesterday trades to break the bullish wedge pattern with breaking the support level 1.0488, to trade around 1.0362 support level which represents 38.2% correction level for the last bullish move, leading the expectations for the pair to target the support level 1.0275 coinciding with 50% correction level, and trading below this level will push the pair to target the support level 1.0194 that represents 61.8% correction level.
This scenario requires a good close below 1.0362 support level

Res: 1.0513 1.0638 1.0719
Pivot: 1.0432
Sup: 1.0307 1.0226 1.0101

[Success_gateway]

EUR/USD

Unlike what was expected, the EUR/USD pair rose during the last week trades after facing the support level 1.4265, to rise retesting the resistance level 1.4450 then the pair fell after facing the previous resistance leading the expectation for further falling during the upcoming trades affected with the formed harmonic pattern (Gartely) to target the support level 1.4200 that represents the end of the CD wave and the end of the pattern which coincides with 76.4% correction level for the XA bullish wave, which supports the pattern.
This scenario requires the stability of the resistance level 1.4450.

Res: 1.4473 1.4558 1.4665
Pivot: 1.4366
Sup: 1.4281 1.4174 1.4089
](http://www.herosh.com)[IMG]

GBP/ USD

As was expected for the GBP/USD pair, the pair was able to form a new bottom at the support level 1.6476 that coincide with the bottom line of the bullish channel, to continue rising achieving 1.6617 price without closing above 1.6575 resistance level to fall again to retest the nearest support levels, as the pair was able during the last trades to trade out of the bullish channel range but without breaking the support level 1.6476, as the pair must break this level in order to confirm the breaking of the channel, which may not happen because of the divergence that appears to support the bullish direction, leading the expectation for a bullish movement in order to retest the resistance level 1.575 then 1.6703 in case the pair was able to have a good close above 1.6617 level.
This scenario requires the stability of the support level 1.6476, and breaking this level means the beginning of a new correction bearish movement that targets 1.6390 level.

Res: 1.6584 1.6687 1.6757
Pivot: 1.6514
Sup: 1.6411 1.6341 1.6238
](http://www.herosh.com)[IMG]

USD/CHF

The pair is moving in a sideway channel between the resistance level 0.9765 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.8700 which represents 50.0% of the same levels so breaking any of them will determine the upcoming direction for the pair for near and mid-term trades and will confirm the direction of the breaking.

During today’s intraday trades it is expected that the pair will continue moving in this sideway channel whereas after the pair tested the support level 0.7800 at the end of the trades of the last week it reflected upwards as it was expected targeting to test the resistance level 0.7965.

Res: 0.7942 0.8028 0.8095
Pivot: 0.7874
Sup: 0.7789 0.7721 0.7636
](http://www.herosh.com)[IMG]

USD/CAD

The rising scenario remains controlling the pair movement, as the pair is moving inside a bullish channel range where it succeeded during the last week trades to rise breaking several levels to settle above 0.9886 level that represents 50% correction level for the last bearish move for the medium periods, leading the expectations for further rising for the pair targeting the resistance level 0.9917 inside the bullish channel range, which coincide with 61.8% correction level, and holding above this level will push the pair to target the resistance level 0.9950 that represents 76.4% correction level then 0.9988 that may coincide with the channel top line.

Res: 0.9933 0.9979 1.0033
Pivot: 0.9879
Sup: 0.9833 0.9779 0.9733
](http://www.herosh.com)[IMG]

AUD/USD

The bullish direction is still dominating the trades of the AUD’USD pair as it formed Gartley harmonic pattern and now the price is moving in the range of the last wave CD which targets the resistance level 1.0546, it is expected that the pair will continue rising targeting the resistance level 1.0478 which represents the point B and if the pair held above this level it will target the resistance level 1.0546 which represents the point D.
The stability of these expectations requires the stability of the pair above the support level 1.0364 which represents the point C of the pattern.

Res: 1.0485 1.0564 1.0650
Pivot: 1.0399
Sup: 1.0320 1.0234 1.0155

[Success_gateway]

EUR/USD

The expectation remains for the pair to form a harmonic pattern, though the pair rose slightly after it reached 1.4347 during yesterday trades, but the Gartely pattern formation remain the expected movement as long as the pair remain below the resistance level 1.4450 to fall targeting the support level 1.4200 that coincide with 76.4% correction level for the XA wave to finish the CD wave by that move.

The scenario above requires the stability of the resistance level 1.5540

Res: 1.4411 1.4466 1.4498
Pivot: 1.4379
Sup: 1.4324 1.4292 1.4237
](http://www.herosh.com)[IMG]

GBP/ USD

A narrow range trades was yesterday movement that reflects the pair momentum that in order to form the next direction, the appearance of the positive divergence remain as a strong signal for the bullish direction, leading the expectations for the upcoming trades for the pair is bullishly for the medium periods, but the pair must pass the resistance level 1.6497 to target then the resistance level 13.6617, which requires the stability of the support level 1.6423, if the pair was able to trade below this level it will continue the bearish direction for the short periods targeting 1.6364 support level that represents 50% correction level for the bullish move from (1.6110 to 1.6617)

Res: 1.6502 1.6553 1.6587
Pivot: 1.6468
Sup: 1.6417 1.6383 1.6332
](http://www.herosh.com)[IMG]

USD/CHF

The pair is moving in a sideway channel for near-term trades between the resistance level 0.7965 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.7800 which represents 50.0% of fibonacci’s correction level for the last bearish wave for long-term trades so breaking any of them will determine the next direction of the pair for near and mid-term trades as if it succeeded to break the resistance level 0.7965 and it is the most expected scenario to happen, it will target to test the resistance level 0.8180 but in the case that it declined breaking the support level 0.7800 it will target to reach the support level 0.7630.

Res: 0.7926 0.7949 0.7993
Pivot: 0.7882
Sup: 0.7859 0.7815 0.7792
](http://www.herosh.com)[IMG]

USD/CAD

The bullish direction is still dominating the trades of the pair as it still moving inside a bullish channel and it is expected that the pair will continue rising targeting the resistance level 0.9961 and if the pair held above this level it will target the resistance level 0.9988 which represents the top border of the channel.
The stability of these expectations requires the stability of the pair above the support level 0.9864 which represents the bottom border of the channel.

Res: 0.9937 0.9972 1.0027
Pivot: 0.9882
Sup: 0.9847 0.9792 0.9757
](http://www.herosh.com)[IMG]

AUD/USD

The bullish direction is still dominating the trades of the pair for near and mid-term trades and formed Gartley harmonic pattern and now the pair is moving in the range of the last wave CD which targets the resistance level 1.0546. the pair succeeded to reach the point B which represents the resistance level 1.0478 so it is expected that the pair will continue rising targeting the resistance level 1.0546 which represents the point D.
The stability of these expectations requires the stability of the pair above the resistance level 1.0478 which represents the point B.

Res: 1.0465 1.0523 1.0575
Pivot: 1.0413
Sup: 1.0355 1.03034 1.0245

[Success_gateway]

EUR/USD

The EUR/USD pair moves in a sideway direction for the medium periods, about the intraday trades the pair moved unlike expectations rising to pass the resistance level 1.4450 then reflected down to trade below it during the current trades, as the pair moves inside a bullish channel range for the medium and short trades, and it should be mentioned the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long period which support the pair bullish direction in order to target the resistance level 1.4535 as the 1ST target for the expected rising.
This analyze requires the stability of the support level 1.4370.

Res: 1.4508 1.4576 1.4653
Pivot: 1.4431
Sup: 1.4363 1.4286 1.4218
](http://www.herosh.com)[IMG]

GBP/ USD

As was expected during the previous report the GBP/USD pair rose to pass the resistance level 1.6497 to reach the resistance level 1.6570 coinciding with testing the bottom line for the broken channel, the pair formed a top at this level to fall in order to retest the nearest support levels, giving a negative signal for the bullish direction, leading the expectations for the pair to fall targeting the support level 1.6423 in order to retest it, and if the pair succeeded to pass down this level it will continue forming the bearish correcting direction targeting 1.6364 support level, which requires the stability of the resistance level 1.6570 and if the pair was able to break this level closing above it; the pair will confirm again the strength of the bullish direction targeting the resistance level 1.6617 then 1.6665 .

Res: 1.6559 1.6628 1.6682
Pivot: 1.6503
Sup: 1.6436 1.6380 1.6313
](http://www.herosh.com)[IMG]

USD/CHF

The pair is moving in a sideway channel for near-term trades between the resistance level 0.7965 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.7800 which represents 50.0% of fibonacci’s correction level for the last bearish wave for long-term trades so breaking any of them will determine the next direction of the pair for near and mid-term trades as if it succeeded to break the resistance level 0.7965 and it is the most expected scenario to happen, it will target to test the resistance level 0.8180 but in the case that it declined breaking the support level 0.7800 it will target to reach the support level 0.7630.

Yesterday analysis is still remaining

Res: 0.7951 0.7981 0.8030
Pivot: 0.7902
Sup: 0.7872 0.7823 0.7793
](http://www.herosh.com)[IMG]

USD/CAD

The bullish direction is still dominating the trades of the pair as it still moving inside a symmetric triangle and it is expected that the pair will continue rising targeting the resistance level 0.9916 and if the pair held above this level it will target the resistance level 0.9941 and if the pair held above this level it will target the resistance level 1.0051.

The stability of these expectations requires the stability of the pair above the support level 0.9877.

Res: 0.9903 0.9935 0.9963
Pivot: 0.9875
Sup: 0.9843 0.9815 0.9783
](http://www.herosh.com)[IMG]

AUD/USD

At the end of yesterday trades the pair succeeded to reach the resistance level 1.0546 which represents the point D as it formed Gartley harmonic pattern, the pair reached the support level 1.0479 but it was unable to hold below this level so it is expected that the pair will continue declining re-targeting the support level 1.0479 and if the pair held below this level it will target the support level 1.0364 which represents the point C and if the pair held below this level it will target the support level 1.0308 which represents the point A.

The stability of these expectations requires the stability of the pair below the support level 1.0479 which represents the point B.

Res: 1.0576 1.0628 1.724
Pivot: 1.480
Sup: 1.0428 1.0332 1.0280

[Success_gateway]

EUR/USD

The EUR/USD pair is moving inside a bullish channel for the medium and short periods, as the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long periods gives a confirmation for the pair expected bullish move, as the pair is expected to target the resistance level 1.4535 as long as the pair trades remains above 1.4370 support level.

This analyze requires the stability of the support level 1.4370

Res: 1.4469 1.4524 1.4568
Pivot: 1.4425
Sup: 1.4370 1.4326 1.4271
](http://www.herosh.com)[IMG]

GBP/ USD

Yesterday, the GBP/USD pair broke the support level 1.6423 downwards to continue declining as it was expected in yesterday’s analysis, the pair continued declining till reached the support level 1.6364 which represents 50.0% of fibonacci’s correction level for the bullish move (from 1.6110 to 1.6617) the pair formed a bottom during the last trades at the mentioned support level and it is expected to push the pair upwards to re-test the level 1.6423 which became a resistance level at which it is expected to form a bearish top that may push the pair again to re-test the support level 1.6364 which with its breaking down means more declining targeting the next support level 1.6304.

The stability of these expectations requires the stability of the resistance level 1.6423.

Res: 1.64812 1.6590 1.6648
Pivot: 1.6423
Sup: 1.6314 1.6256 1.6147
](http://www.herosh.com)[IMG]

USD/CHF

The pair is moving in a sideway channel for near-term trades between the resistance level 0.7965 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.7800 which represents 50.0% of fibonacci’s correction level for the last bearish wave for long-term trades so breaking any of them will determine the next direction of the pair for near and mid-term trades as if it succeeded to break the resistance level 0.7965 and it is the most expected scenario to happen, it will target to test the resistance level 0.8180 but in the case that it declined breaking the support level 0.7800 it will target to reach the support level 0.7630.

Yesterday analysis is still remaining

Res: 0.7987 0.8016 0.8072
Pivot: 0.7931
Sup: 0.7902 0.7846 0.7817
](http://www.herosh.com)[IMG]

USD/CAD

The pair is still moving inside a symmetric triangle pattern that the pair formed during the last trades so it is expected that the pair will continue rising targeting the resistance level 0.9891 which represents the top border of the triangle pattern and if the pair held above this level it will target the resistance level 0.9955 and if the pair held above this level it will target the resistance level 1.0026.

The stability of this scenario requires the stability of the pair above the resistance level 0.9891.

Res: 0.9901 0.9935 0.9967
Pivot: 0.9869
Sup: 0.9835 0.9803 0.9769
](http://www.herosh.com)[IMG]

AUD/USD

The pair succeeded to correct its last bearish direction till reached the support level 1.0364 which represents 38.2% of fibonacci’s correction level for the bearish direction so it is expected that the pair will continue correcting targeting the resistance level 1.0495 which represents 50.0% of fibonacci’s correction level and if the pair held above this level it will target the resistance level 1.0633 which represents 61.8% of fibonacci’s correction level and if the pair held above this level it will target the resistance level 1.0957 which represents 76.4% of fibonacci’s correction level.

The stability of these expectations requires the stability of the pair above the resistance level 1.0495.

Res: 1.0517 1.0565 1.0600
Pivot: 1.0482
Sup: 1.0434 1.0399 1.0351

[Success_gateway]

EUR/USD

The EUR/USD pair is moving inside a bullish channel for the medium and short periods, as the stability of the support level 1.4370 that represents 23.6% correction level for the last bullish move for the long periods gives a confirmation for the pair expected bullish move, as the pair is expected to target the resistance level 1.4535 as long as the pair trades remains above 1.4370 support level.
This analyze requires the stability of the support level 1.4370

The previous analyze remains

Res: 1.4458 1.4539 1.4604
Pivot: 1.4393
Sup: 1.4312 1.4247 1.4166
](http://www.herosh.com)[IMG]

GBP/ USD

More declining for the pair was the yesterday movement after the pair was able to break the support level 1.6350 to achieve the lowest price at 1.6260 level forming a bottom at this level that pushed the pair to rise during the current trades in order to retest 1.6350 level which became a resistance level, leading the expectations to form a top at this level that will push the pair to fall again to retest the support level 1.6260 which if was broken the pair will target the next support level at 1.6230.

This scenario requires the stability of the resistance level 1.6350.

Res: 1.6364 1.6447 1.6499
Pivot: 1.6312
Sup: 1.6229 1.61776 1.6094
](http://www.herosh.com)[IMG]

USD/CHF

The pair is moving in a sideway channel for near-term trades between the resistance level 0.7965 which represents 61.8% of fibonacci’s correction level for the last bearish wave for long-term trades and the support level 0.7800 which represents 50.0% of fibonacci’s correction level for the last bearish wave for long-term trades so breaking any of them will determine the next direction of the pair for near and mid-term trades as if it succeeded to break the resistance level 0.7965 and it is the most expected scenario to happen, it will target to test the resistance level 0.8180 but in the case that it declined breaking the support level 0.7800 it will target to reach the support level 0.7630.

The previous analyze remains

Res: 0.7976 0.8021 0.8054
Pivot: 0.7943
Sup: 0.7898 0.7865 0.7820
](http://www.herosh.com)[IMG]

USD/CAD

The pair is still moving inside a symmetric triangle pattern that the pair formed during the last trades so it is expected that the pair will continue rising targeting the resistance level 0.9890 which represents the top border of the triangle pattern and if the pair held above this level it will target the resistance level 0.9948 and if the pair held above this level it will target the resistance level 1.0010.
The stability of this scenario requires the stability of the pair above the resistance level 0.9890.

The previous analyze remains

Res: 0.9914 0.9948 1.0010
Pivot: 0.9852
Sup: 0.9818 0.9756 0.9722
](http://www.herosh.com)[IMG]

AUD/USD

The pair is moving inside a bullish channel for near and mid-term trades so it is expected that the index will continue rising targeting the resistance level 1.527 and if the index held above this level it will target the resistance level 1.0597 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 1.0427 which represents the bottom border of the channel.

Res: 1.0486 1.0543 1.0575
Pivot: 1.0454
Sup: 1.0397 1.0365 1.0308

[Success_gateway]

EUR/USD

As was expected the EUR/USD pair fell previously to reach the support level 1.4140 trying to break this level during the current trades, as if the pair succeeded to close below this level it will target 1.4055 support level, but if the pair could not trade below 1.4140 it will rise in order to retest the nearest resistance levels such as 1.4228 then 1.4314.

Res: 1.4261 1.4326 1.4365
Pivot: 1.4222
Sup: 1.4157 1.4118 1.4053
](http://www.herosh.com)[IMG]

GBP/ USD

The bearish direction is still dominating the trades of the pair for near and mid-term through moving inside a bearish channel, at the beginning of this week’s trades the pair registered a bearish gap that confirms the strength of the bearish move but the prices did not cover the whole gap during the last intraday trades so it is expected that the pair will rise in order to cover the whole gap and to test the resistance level 1.6254 at which the price is expected to coincide with the top border of the channel, this scenario requires the stability of the support level 1.6131, breaking this level means more declining targeting the next support level 1.6044.

Res: 1.6250 1.6291 1.6330
Pivot: 1.6211
Sup: 1.6170 1.6131 1.6090
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair started a bearish move after it rose to reach 0.8241 level, as the pair tried to trade during the previous trades below 0.7775 support level to reflect from this level approaching 0.7965 resistance level, if this resistance held it will push the pair to pass the support level 0.7775 targeting 0.7660 support level, but if the pair rose to trade above 0.7965 level it will retest the support level 0.8080.

Res: 0.7999 0.8103 0.8246
Pivot: 0.7856
Sup: 0.7752 0.7609 0.7505
](http://www.herosh.com)[IMG]

USD/CAD

At the beginning of this week’s trades the pair registered a gap then the pair succeeded to break the resistance level 0.9866 which represents 50.0% of fibonacci’s correction level for the last bearish wave and now the pair is targeting the resistance level 0.9892 which represents 61.8% of fibonacci’s correction level, if the pair held above this level it will target the resistance level 0.9932 which represents 76.4% of fibonacci’s correction level.

The stability of these expectations requires the stability of the support level 0.9866.

Res: 0.9877 0.9909 0.9971
Pivot: 0.9815
Sup: 0.9783 0.9721 0.9689
](http://www.herosh.com)[IMG]

AUD/USD

The pair broke out the reversal bullish wedge pattern by breaking the support level 1.0704 at the end of the last week, this level coincides with the bottom border of the pattern, at the asian session the pair succeeded to break the support level 1.0601 which was the expected target to reach so it is expected that the pair will target the support level 1.0315 and if the pair held below this level it will target the support level 1.410.

The stability of these expectations requires the stability of the resistance level 1.0601.

Res: 1.0715 1.0777 1.0822
Pivot: 1.067
Sup: 1.0608 1.0563 1.0501

[Success_gateway]

EUR/USD

The EUR/USD pair continued its falling as was expected to reach the support level 1.4055 during the current trades; which was mentioned through the previous report, as if the pair tends to continue that bearish direction it must break 1.4055 support to target then 1.3925 support level, with a good chance to rise back in order to retest the resistance level 1.4170, but in case the pair tends to rise it must break the mentioned resistance with a good close above it to target then the resistance level 1.4300.

Res: 1.4159 1.4222 1.4271
Pivot: 1.4110
Sup: 1.4047 1.3998 1.3935
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair declined since this week trades beginning, the AB=CD formed harmonic pattern is affected by that on the price movement which was targeting the support level 1.6045 whereas the price was approached to it during yesterday trades, the pair registered the lowest price for it 1.6061with appearing a positive signals on the price movement for this bullish wedge formed reversal pattern and also appearing a positive signals from the stochastic index at the bottom of the chart, whereas a positive divergence refers to the probability of rising the price, so it’s expected during the intraday trades that the pair will rise trying to test the resistance level 1.6190 as it’s first target for this bullish move.

This scenario depends on the support level 1.6045 stability.

Res: 1.6181 1.6246 1.6306
Pivot: 1.6121
Sup: 1.6056 1.5996 1.5931
](http://www.herosh.com)[IMG]

USD/CHF

The narrow trades was the USD/CHF pair movement during the previous short trades, which may reflects the stability of the current support level leading the pair for a possible rising in order to retest the resistance level 0.7965 and if the pair was able to pass this level it will target the resistance level 0.8080, but in case the pair tends to continue its bearish short move it must break the current support level 0.7775 in order to target 0.7660 support level.

Res: 0.7915 0.7960 0.8007
Pivot: 0.7868
Sup: 0.7823 0.7776 0.7731
](http://www.herosh.com)[IMG]

USD/CAD

As it was expected yesterday, the pair reached the resistance level 0.9940 which represents 76.4% of fibonacci’s correction level for the bearish direction but it was unable to break this level expecting that the pair will re-test the resistance level 0.9940 and if the pair held above this level it will target the resistance level 1.0008 trying to form a new top.
But if the pair was unable to break the resistance level 0.9940 it will target the support level 0.9899 which represents 61.8% of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9866 which represents 50.0 % of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9833 which represents 23.2 % of fibonacci’s correction level.

Res: 0.9937 0.9974 1.0018
Pivot: 0.9893
Sup: 0.9856 0.9812 0.9775
](http://www.herosh.com)[IMG]

AUD/USD

The pair started a declining move since the beginning of this week till now affected by exiting the reversal bullish wedge pattern for mid-term trades as it succeeded to break the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining and closed below this level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.0650 then it will decline again.

The stability of these expectations requires the stability of the resistance level 1.0650.

Res: 1.0615 1.0683 1.0735
Pivot: 1.0563
Sup: 1.0495 1.0443 1.0375

[Success_gateway]

EUR/USD

The EUR/USD pair continued its falling as was expected although the volatility of its prices fallowing the Swiss central bank statement that pushed the pair to reach 1.4285 price forming a top at this level that pushed the pair to fall reaching 1.3973 level forming a bottom at it, during this movement the pair was able to form a medium bearish channel as the pair faced the resistance level 1.4105 without closing above it leading the expectations during the upcoming trades that the pair might decline with the stability of the mentioned resistance with approaching the channel top line to retest the support level 1.3973 with a good chance that the top line may coincide with the resistance level 1.4170, but if the pair was able to pass the mentioned resistances it will rise to target Initially the resistance level 1.4285.

Res: 1.4166 1.4234 1.4321
Pivot: 1.4079
Sup: 1.4011 1.3924 1.3856
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair is trading now inside the bearish channel whereas it tried yesterday to achieve some gains, the pair registered the highest price for it 1.6037 during yesterday trades but it was unable to continue achieving more gains which reverse it down again, a further drop is expected for it during the intraday trades targeting the support level 1.5880 but firstly the support level 1.5940 must be broken with a good close below it to confirm declining.

This scenario depends on the stability of the resistance level 1.6110.

Res: 1.6045 1.6100 1.6163
Pivot: 1.5982
Sup: 1.5927 1.5864 1.5809
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair rose strongly during the previous trades after the Swiss National Bank’s decision yesterday to cap the franc’s rate against the EURO, to reach during the previous short trades 0.8625 level forming a top at this level, during this move the pair has formed a wide bullish channel coinciding it’s top line with the mentioned price level, that may push the pair to have a bearish correcting movement that may reach the support levels 0.8413 then 0.8240 during the upcoming short trades, which requires the stability of the current resistance level which if the pair was able to pass it the price will rise targeting the resistance level 0.8770.

The previous analyze remains

Res: 0.8619 0.8665 0.8705
Pivot: 0.8579
Sup: 0.8533 0.8493 0.8447
](http://www.herosh.com)[IMG]

USD/CAD

As it was expected through the last analysis, the pair succeeded to reach the resistance level 0.9940 which represents 76.4% of fibonacci’s correction level for the bearish move but it was unable to break it so during the upcoming intraday trades it is expected that the pair will re-test the resistance level 0.9940 and if the pair held above this level it will target the resistance level 1.0008 trying to form a new top.
But if the pair was unable to break the resistance level 0.9940 it will target the support level 0.9899 which represents 61.8% of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9866 which represents 50.0% of fibonacci’s correction level and if the pair held below this level it will target the support level 0.9833 which represents 23.2% of fibonacci’s correction level.

Res: 0.9937 0.9974 1.0018
Pivot: 0.9893
Sup: 0.9856 0.9812 0.9775
](http://www.herosh.com)[IMG]

AUD/USD

The pair started a declining move since the beginning of this week till now affected by exiting the prices out of the reversal bullish wedge pattern for mid-term trades by breaking the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining with stability below that level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.6050 then it will continue declining again.

The stability of these expectations requires the stability of the resistance level 1.0650.

Res: 1.0718 1.0778 1.0896
Pivot: 1.0600
Sup: 1.0540 1.0422 1.0362

[Success_gateway]

EUR/USD

As was expected the EUR/USD pair fell during the previous trades to reach 1.3873 price after the resistance level 1.4105 held and breaking 1.3973 forming a bottom at this level to stop the current falling, as if the pair tends to continue that falling it must break 1.3873 support to target then the next support level at 1.3795 , with a good chance that the pair may retest the resistance level 1.3973 that may coincide with the bullish channel top line that support the bearish movement, passing the mentioned resistances will push the pair to rise targeting initially the resistance level 1.4105 in order to retest it.

Res: 1.4029 1.4178 1.4256
Pivot: 1.3951
Sup: 1.3802 1.3724 1.3575
Hotfile.com: One click file hosting: EUR.png

GBP/ USD

The GBP/USD pair is still trading inside the bearish channel, whereas it tried yesterday to achieve some gains and it registered the highest price at 1.6037 during yesterday trades but it wasn’t able to continue achieving more gains which reverse it down again, a further drop is expected for it during the intraday trades targeting the support level 1.5880 but firstly it must break the support level 1.5940 with a good close below it to confirm declining.

This scenario depends on the stability of the resistance level 1.6110.

Res: 1.6056 1.6154 1.6226
Pivot: 1.5984
Sup: 1.5886 1.5814 1.5716
Hotfile.com: One click file hosting: GBP.png

USD/CHF

The USD/CHF pair was able to pass the resistance level 0.8625 previously to reach the expected resistance level in the rising case 0.8770, giving the previous rising more sharpness affected by the Swiss National Bank’s decision, as if the pair tends to continue that rise it must pass the current resistance level 0.8770 to target then 0.8940 resistance, but the bullish channel top line that the pair is facing currently might slow that rise and may push the pair to retest the nearest support levels such as 0.8570 and 0.8413.

Res: 0.8824 0.8894 0.9019
Pivot: 0.8699
Sup: 0.8629 0.8504 0.8434
Hotfile.com: One click file hosting: CHF.png

USD/CAD

The pair is trading above the bullish trendline that has been formed for near and mid-term trades so it is expected that the pair will target the resistance level 0.9916 and if the pair held above this level it will target the resistance level 0.9959.

The stability of these expectations requires the stability of the support level 0.9845.

Res: 0.9915 0.9939 0.9983
Pivot: 0.9871
Sup: 0.9847 0.9803 0.9779
Hotfile.com: One click file hosting: CAD.png

AUD/USD

The pair started a declining move since the beginning of this week till now affected by exiting the prices out of the reversal bullish wedge pattern for mid-term trades by breaking the bottom border of the pattern expecting more declining targeting the support level 1.0420 and if the pair continued declining with stability below that level it will target the support level 1.0240 with the probability of rising to re-test the resistance level 1.6050 then it will continue declining again.

The stability of these expectations requires the stability of the resistance level 1.0650.

Yesterday analysis is still remaining till now

Res: 1.4029 1.4178 1.4256
Pivot: 1.3951
Sup: 1.3802 1.3724 1.3575

[Success_gateway]

EUR/USD

As observed that, the EUR/USD pair formed a short and medium-terms bearish directions whereas the hard declining for the EUR against the hard rising for the USD is observed, with this week trades beginning the pair registered a bearish price gap which came to confirm the strength of the dominant bearish direction for the EUR/USD pair trades, whereas continuing this bearish move is expected till the support level 1.3398 which represents 161.8% Fibonacci retracement continuous level for the bullish direction (from 1.3837 to 1.4548) the expected condition for breaking the level 1.3500, if the covered all the price gap with breaking up the resistance level 1.3645 so it’s likely that this will be a strong sign for beginning a bearish corrective direction and the pair will retest the resistance level 1.3837.

Res: 1.3857 1.4051 1.4166
Pivot: 1.3742
Sup: 1.3548 1.3433 1.3239
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair remain its trades inside a bearish channel range as the pair was able to form the AB=CD harmonic pattern that supposed to target the support area between 1.5800 and 1.5750, that area may stop the pair falling currently pushing it to retest the nearest resistance levels such as 1.5925 t, but in case the pair remains that bearish direction it will target the support level 1.5650.

Res: 1.5957 1.6047 1.6104
Pivot: 1.5900
Sup: 1.5810 1.5753 1.5663
](http://www.herosh.com)[IMG]

USD/CHF

The bullish direction remain controlling the USD/CHF pair trades, as the pair was able to pass 0.8770 level previously to face the resistance level 0.8940 that was expected during the previous report, in case the pair was able to pass this level it will target the next resistance level around 0.9010 price, but the stability of the current resistance will push the pair to retest the nearest support level such as 0.8770.

Res: 0.8899 0.8960 0.9056
Pivot: 0.8803
Sup: 0.8742 0.8646 0.8585
](http://www.herosh.com)[IMG]

USD/CAD

The USD/CAD pair is in the forming stage of the harmonic pattern AB=CD as it succeeded to break the resistance level 0.9960 which represents the point B to begin form the remaining part of the bullish rib CD which target the level 1.0050 which represents the point D for the harmonic pattern.

The stability of these expectations requires the stability of the support level 0.9960.

Res: 0.9997 1.0042 1.0107
Pivot: 0.9932
Sup: 0.9887 0.9822 0.9777
](http://www.herosh.com)[IMG]

AUD/USD

The pair continued declining breaking the support level 1.0485 which coincides with 38.2% of fibonacci’s correction level for the last bullish wave (From 0.9930 to 1.0760) and after breaking the level 1.0355 which represents 50.0% of fibonacci’s correction level for the same last bullish wave it is expected that it will continue declining targeting the level 1.0245 which represents the target of the bullish wedge pattern which coincides with 61.8% of fibonacci’s correction level for the last bullish wave.

The stability of these expectations requires the stability of the resistance level 1.0475.

Res: 1.0586 1.0718 1.0801
Pivot: 1.0503
Sup: 1.0371 1.0288 1.0156

[Success_gateway]

EUR/USD

During yesterday trades the EUR/USD pair didn’t achieve a price below the level 1.3500 achieving a daily close to cover all the bearish gap, this close represents a strong signal for beginning forming a bullish corrective direction, it’s expected that the pair will initially target the level 1.3747, breaking this level up means rising till the next corrective level at 1.3900 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.4548 to 1.3500), this scenario depends on the stability of the support level 1.3500, breaking this level down means a further drop till the support level 1.3398 which represents 161.8% Fibonacci retracement continuous direction for the bullish direction (from 1.3837 to 1.4548).

Res: 1.3747 1.3815 1.3938
Pivot: 1.3624
Sup: 1.3556 1.3433 1.3365
](http://www.herosh.com)[IMG]

GBP/ USD

As was expected through the previous report the GBP/USD pair could not continue the previous falling facing the support area between 1.5800 and 1.5750 levels, the area that represent the end of the harmonic pattern AB=CD, as it is expected during the upcoming short trades that the pair will retest the bearish channel top line that may coincides with facing the resistance level 1.5925, which with its stability the pair will fall retesting the mentioned support levels, and if the pair was able to pass this supports it will target the next support at 1.5650 level.

Res: 1.5906 1.5951 1.6018
Pivot: 1.5839
Sup: 1.5794 1.5727 1.5682
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8940 to fall facing the support level 0.8770 during the current trades, that move was expected in case the mentioned resistance held against the pair rising, as if the current support level held it will push the pair to rise in order to retest the resistance level 0.8940 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 support it will target the next support at 0.8570 level.

Res: 0.8886 0.8971 0.9014
Pivot: 0.8843
Sup: 0.8758 0.8715 0.8630
](http://www.herosh.com)[IMG]

USD/CAD

The pair finished forming the bullish rub CD at the level 1.0025 below the expected level to reach through the last analysis at 1.0050 so the pair ended the formation of the harmonic pattern and declined during the intraday trades to re-test the near support level as it was expected that the pair will form a bullish bottom at the level 0.9960 but it could not happen because the pair now is trading below this level in a strong sign of more declining during the upcoming intraday trades targeting the support level 0.9825 but under the condition of breaking the bullish trendline which matches the point A with C.

The stability of these expectations requires the stability of the resistance level 1.0025.

Res: 0.9996 1.0066 1.0107
Pivot: 0.9955
Sup: 0.9885 0.9844 0.9774
](http://www.herosh.com)[IMG]

AUD/USD

As it was expected through yesterday report, the pair declined to the level 1.0245 which represents 61.8 of fibonacci’s correction level for the last bullish wave (from 0.9930 to 1.0760) and rose again with stability above the level 1.0355 which represents 50.0% of fibonacci’s correction level for the last mentioned bullish wave, it is expected that the pair will continue rising during the upcoming intraday trades targeting the level 1.0475.

The stability of these expectations requires the stability of the support level 1.0245.

Res: 1.0438 1.0532 1.0624
Pivot: 1.0346
Sup: 1.0252 1.0160 1.0066

[Success_gateway]

EUR/USD

As was expected through the previous report, yesterday EUR/USD trades was bullish for the second consecutive day, whereas testing the resistance level 1.3747 was expected, to form a bearish top at this level pushed the pair down during the last intraday trades, between declining and rising it’s observed that the pair is forming a bearish flag pattern which came to support forming the bearish directions, in condition; the flag’s lower border must be broken and having a good close below it then the pair will test the support level 1.3500 which represents breaking it down, this indicates a further drop till the support level 1.3398 which represents 161.8% Fibonacci continuous bullish direction (from 1.3837 to 1.4548), this bearish scenario depends on the stability of the resistance level 1.3747 breaking this level up with breaking the bearish trend line means an initial rise till the next resistance level at 1.3900.

Res: 1.3758 1.3839 1.3939
Pivot: 1.3658
Sup: 1.3577 1.3477 1.3396
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair was able to continue the previous falling after forming a top at the level 1.5885 which pushed the pair to fall passing 1.5750 level during the current trades, that will push the pair for further falling targeting the support level 1.5650 that may coincide with the bearish channel bottom line which was mentioned through the previous reports, but if the pair traded back above 1.5750 level it will search for a good resistance level such as 1.5885 that may coincide with the channel top line.

Res: 1.5843 1.5909 1.5950
Pivot: 1.5802
Sup: 1.5736 1.5695 1.5629
](http://www.herosh.com)[IMG]

USD/CHF

The USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8940 to fall facing the support level 0.8770 during the current trades, that move was expected in case the mentioned resistance held against the pair rising, as if the current support level held it will push the pair to rise in order to retest the resistance level 0.8940 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 support it will target the next support at 0.8570 level.

The previous analyze remains

Res: 0.8868 0.8933 0.8988
Pivot: 0.8813
Sup: 0.8748 0.8693 0.8628
](http://www.herosh.com)[IMG]

USD/CAD

As it was expected yesterday, the pair declined targeting the support level 0.9825 forming a new higher bottom at the level 0.9845, the pair rose during the last intraday trades to re-test the near resistance level and now it is testing the level 0.9935 which represents 50.0% of fibonacci’s correction level for the bearish move (from 1.0025 to 0.9845), braking this level upside means more rising targeting the level 0.9983 followed by 1.0025, forming a bearish top at the resistance level 0.9935 means returning the pair to decline to re-test the support level 0.9845, breaking this level downside leads to the expectation of declining the pair targeting the support level 0.9735.

Res: 0.9938 1.0020 1.0065
Pivot: 0.9893
Sup: 0.9811 0.9766 0.9684
](http://www.herosh.com)[IMG]

AUD/USD

The AUD/USD pair failed to break the resistance level 1.0360 which represents 50.0% of fibonacci’s correction level for the last bullish wave (From 0.9930 to 1.0760) the pair formed many tops at this level which pushed the pair to decline breaking the level 1.0245 0360 which represents 50.0% of fibonacci’s correction level for the last bullish wave, it is expected that the pair will continue declining targeting the level 1.0125 which represents 76.4% of fibonacci’s correction level.

The stability of these expectations requires the stability of the resistance level 1.0245.

Res: 1.0369 1.0428 1.0483
Pivot: 1.0314
Sup: 1.0255 1.0200 1.0141

[Success_gateway]

EUR/USD

The EUR/USD pair continues rising inside the bearish flag pattern as was expected, yesterday trades saw a new bullish move for the third consecutive day, the pair rose up testing the resistance level 1.3747 achieving the highest price for yesterday trades at the level 1.3783 without closing above the level 1.3747, it’s expected that the pair will test the pattern’s lower border trying to break it down to continue declining initially till the level 1.3500 but this scenario depends on the stability of the resistance area which is between the level 1.3747 and 1.3783 which coincides at it the medium-term bearish trend line, breaking this area means continuing the bullish move till the resistance level 1.3900.

Res: 1.3828 1.3901 1.4020
Pivot: 1.3709
Sup: 1.3636 1.3517 1.3444
](http://www.herosh.com)[IMG]

GBP/ USD

The GBP/USD pair could not pass down the support level 1.5750 previously having a narrow trades that reflects the pair momentum around this level, to remain the pair trades around this level during the current trades, as if the pair was able to pass down this level the pair will have a further falling targeting the support level 1.5650 that may coincide with the bearish channel bottom line which was mentioned through the previous reports, but if the support level 1.5750 held it will push the pair to search for a good resistance level such as 1.5885 that may coincide with the channel top line.

Res: 1.5816 1.5865 1.5865
Pivot: 1.5760
Sup: 1.5711 1.5655 1.5606
](http://www.herosh.com)[IMG]

USD/CHF

The situation did not change much after the USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8940 to fall facing the support level 0.8770 during the previous and current trades having a narrow trades above the support level 0.8770 which reflects the pair momentum around this level , as if the current support level held it will push the pair to rise in order to retest the resistance level 0.8940 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 support it will target the next support at 0.8570 level.

Res: 0.8832 0.8905 0.8957
Pivot: 0.8780
Sup: 0.8707 0.8655 0.8582
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USD/CAD

The pair is in the forming stage of the reversal head and shoulders harmonic pattern during current and upcoming intraday trades the pair is trying to complete forming the right shoulder which requires the stability of the resistance level 0.9956 in order to decline again to re-test the neckline which with its breaking downside and with breaking the support level 0.9845 the pair will continue declining targeting the support level 0.9735 primarily followed by the target of the harmonic pattern.

The stability of these expectations requires the stability of the resistance level 0.9956.

Res: 0.9937 0.9984 1.0030
Pivot: 0.9891
Sup: 0.9844 0.9798 0.9751
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AUD/USD

The AUD/USD pair is moving inside the reversal bearish wedge pattern and rose till reached the level 1.0290 which coincides with the top border of the bearish wedge pattern which pushed the pair to decline again to re-test the support level 1.0180, it is expected that the pair will continue declining targeting the level 1.0090 which coincides with the bottom border of the bearish wedge pattern but under the condition of breaking the support level 1.0180.

The stability of these expectations requires the stability of the resistance level 1.0290.

Res: 1.0377 1.0470 1.0570
Pivot: 1.0277
Sup: 1.0184 1.0084 0.9991

[Success_gateway]

EUR/USD

For the 4th consecutive day, the EUR/USD pair yesterday trades saw a further rise, as was expected through the previous report that, the pair broke the confined resistance area between the level 1.3747 and the level 1.3783 continuing the bullish move till the level 1.3900 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.4548 to 1.3500) coinciding this level with the medium-term bearish trend line so forming a top pushed the pair down during the last intraday trades were seen, it’s expected that the pair will continue declining to retest the support area between the level 1.3783, 1.3747, breaking this area down means declining again till the level 1.3500 during the next short-term trades, breaking up the level 1.3900 means continuing the bullish move again till the next support level at 1.4024.

Res: 1.3973 1.4071 1.4206
Pivot: 1.3838
Sup: 1.3740 1.3605 1.3507
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GBP/ USD

The GBP/USD pair could not pass down the support level 1.5750 previously having a narrow trades that reflects the pair momentum around this level showing a small rising to retest the bearish channel top line previously remaining its trades below the resistance level 1.5885, as if the pair was able to pass down 1.5750 level the pair will have a further falling targeting the support level 1.5625 that may coincide with the bearish channel bottom line, but if the pair held above 1.5885 level it means the breaking of the bearish channel which will push the pair to search for a good resistance level such as 1.5925 which if the pair was able to break it will target 1.6090 as the broken channel target from the current levels.

Res: 1.5868 1.5936 1.6005
Pivot: 1.5799
Sup: 1.5731 1.5662 1.5594
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USD/CHF

The situation did not change much after the USD/CHF pair has stopped the previous rising with the stability of the resistance level 0.8930 to fall facing 0.8770 level during the previous and current trades having a narrow trades around the 0.8770 level which reflects the pair momentum around this level , as if the pair traded above the current level the pair will rise in order to retest the resistance level 0.8930 then to the resistance level 0.9010, but if the pair continued the previous falling to pass down 0.8770 level it will target the next support at 0.8570 level.

Res: 0.8777 0.8862 0.8927
Pivot: 0.8712
Sup: 0.8627 0.8562 0.8477
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USD/CAD

The pair continued forming the right shoulder of the head and shoulders pattern as it was expected yesterday, it continued declining breaking the neckline so it is expected that the pair will continue declining targeting the level 0.9656 which represents 127% of fibonacci’s continuous level for the bullish move (From 0.9735 to 1.0025), but under the condition of breaking the support level 0.9825 followed by the support level 0.9735.

The stability of these expectations requires the stability of the resistance level 0.9880.

Res: 0.9912 0.9990 1.0032
Pivot: 0.9870
Sup: 0.9792 0.9750 0.9672
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AUD/USD

The pair broke the top border of the reversal bearish wedge pattern and the level 1.0290 which represents 23.6% of fibonacci’s correction level for the last bearish wave (from 1.0660 to 1.0180) which led the pair to rise reaching the level 1.0370 which represents 38.2% of fibonacci’s correction level for the last bearish wave (from 1.0660 to 1.0180), it is expected that the pair will continue rising targeting the level 1.0480 which represents 61.2% of fibonacci’s correction level for the last bearish wave (from 1.0660 to 1.0180), but under the condition of breaking the resistance level 1.0370.

The stability of these expectations requires the stability of the support level 1.0290.

Res: 1.0387 1.0447 1.0550
Pivot: 1.0284
Sup: 1.0224 1.0121 1.0061

[Success_gateway]

EUR/USD

Yesterday, the pair failed to break the resistance level 1.3712 which represents the bottom barrier of the bearish gap that has been formed at the beginning of this week#s trades so the pair failed to cover the whole gap to continue declining till it formed a bearish bottom at the support level 1.3585, the pair is still tradinf above this level ina strong sign to continue rising again to test the resistance level 1.3712 which with its breaking upside means more rising targeting the level 1.3802 which represents 61.8% of fibonacci’s correction level for the bearish move (from 1.3936 to 1.3585), breaking the support level 1.3585 means more declining till the support level 1.3500.

Res: 1.3740 1.3796 1.3873
Pivot: 1.3663
Sup: 1.3607 1.3530 1.3474
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GBP/ USD

The GBP/USD pair is still trading inside the bearish channel; it was able to test the channel’s top border during last week trades ending and it wasn’t able to have a good close above it then it reversed down starting this week trades with a continuous gap for the bearish direction, a further drop is expected for it affected by the formed AB=CD pattern which target the support level 1.5495 to end the pattern by the CD wave, with remaining the probability of rising again to retest the resistance level 1.5780 to cover the price gap and also testing the channel’s top border.

This scenario depends on the resistance level 1.5780.

Previous analysis is still remaining till now

Res: 1.5760 1.5819 1.5883
Pivot: 1.5696
Sup: 1.5637 1.5573 1.5514
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USD/CHF

The USD/CHF was able to form a bottom at 0.8640 level, to rise up from this level giving the possibility of forming the harmonic pattern AB=CD, where the mentioned bottom represents the C point for the pattern and the previous top at 0.8928 represents the B point, as if the pair was able to break the B point it will target Initially 0.9000 resistance level then 0.9100 as the pattern final target, but if the B point (0.8928) level held it will push the pair to fall in order to retest the support level 0.8640 that represents the C point.

Res: 0.8864 0.8909 0.8943
Pivot: 0.8830
Sup: 0.8785 0.8751 0.8706
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USD/CAD

On the contrary of what was expected yesterday, the pair broke the resistance level 0.9846 and also broke the neckline of the head and shoulders pattern that has been mentioned in the last analysis, this rising above the neckline menas a weak probability of of forming this pattern of any bearish target, so the pair continued rising till reached the level 0.9933 which represents 61.8% of fibonacci’s correction level for the bearish move (from 1.0025 to 0.9783), during the upcoming trades if the pair succeeded to break the support level 0.9933 upside it means more rising till the level 1.0025 and if the pair failed to break this level with the probability of forming a top that will push the pair to decline targeting the level 0.9846 followed by the level 0.9783.

Res: 0.9948 0.9994 1.0066
Pivot: 0.9876
Sup: 0.9830 0.9758 0.9712
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AUD/USD

The AUD/USD pair was able to form a bearish bottom during the previous trades at 1.0147 level, to rise from this level during the current trades, the RSI indicator shows a divergence that reflects the bearish movement, leading the expectations for the pair to rise targeting the resistance level 1.0292 then 1.0382 that represents 38.2% correction level for the bearish move from 1.0763 to 1.0147.

This scenario requires the stability of the support level 1.0147.

Res: 1.0300 1.0380 1.0447
Pivot: 1.0233
Sup: 1.0153 1.0086 1.0006

[Success_gateway]

EUR/USD

The European currency achieved some gains yesterday by rising against the U.S. dollar reaching the highest price at the level 1.3743, it was expected that the pair will rose targeting to re-test the resistance level 1.3712 that the pair was unable to hold below it till this moment, this level coincides with the bearish trendline for mid-term trades so it is hard to break this area upside, it is expected that the pair will decline again targeting the support level 1.3585 followed by the level 1.3500, this scenario requires the stability of coinciding area of the bearish trendline with the resistance level 1.3712, breaking this area upside means more rising targeting the level 1.3900.

Res: 1.3765 1.3829 1.3916
Pivot: 1.3678
Sup: 1.3614 1.3527 1.3463
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GBP/ USD

The GBP/USD pair is still trading inside the bearish channel; it was able to test the channel’s top border during last week trades ending and it wasn’t able to have a good close above it then it reversed down starting this week trades with a continuous gap for the bearish direction, a further drop is expected for it affected by the formed AB=CD pattern which target the support level 1.5495 to end the pattern by the CD wave, with remaining the probability of rising again to retest the resistance level 1.5780 to cover the price gap and also testing the channel’s top border.

This scenario depends on the resistance level 1.5780.

Previous analysis is still remaining till now

Res: 1.5769 1.5803 1.5860
Pivot: 1.5712
Sup: 1.5678 1.5621 1.5587
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USD/CHF

The USD/CHF was able to rise during the previous reads reaching 0.8985 price approaching the AB=CD harmonic pattern initial target at 0.9000, it is expected with trading above this level with a good close above it that the pair will have a further rising targeting the resistance level 0.9100, but the stability of the current resistance will push the pair to retest the nearest support level and may lead the pair to the support level 0.8640.

Res: 0.8939 0.8994 0.9069
Pivot: 0.8864
Sup: 0.8809 0.8734 0.8679
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USD/CAD

The USD/CAD pair is still unable to break up the resistance level 0.9933 which represents 61.8% Fibonacci retracement correction level for the bearish wave (from 1.0025 to 0.9783) with a strong signal on declining again to test the support level 0.9875, with breaking it down; a further drop will be indicated till the level 0.9783, this bearish scenario depends on the stability of the resistance level 0.9933, breaking this level up means rising till the level 1.0025.

Res: 0.9953 0.9983 1.0019
Pivot: 0.9917
Sup: 0.9887 0.9851 0.9821
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AUD/USD

As was expected through yesterday report that the AUD/USD pair reached the resistance level 1.0292, this bullish scenario was supported by a positive reversal divergence for the bearish direction, till this moment the pair is unable to break up the resistance level 1.0292 with the strong probability of declining again till the level 1.0230 then the level 1.0147, but in case of breaking up the resistance level 1.0292 means a further rise till the level 1.0382 which represents 38.2% Fibonacci retracement correction level for the bearish direction (from 1.763 to 1.0147).

Res: 1.0341 1.0408 1.0505
Pivot: 1.0244
Sup: 1.0177 1.0080 1.0013