EUR/USD
EUR/USD Open 1.3983 High 1.4129 Low 1.3941 Close 1.4011.Euro/Dollar descended on Friday. The currency couple reached a top at 1.4129, declined down to the bottom 1.3952, and closed the week lower at 1.4011. This indicates yet unclear movement direction in the short and medium term. Immediate resistance is Friday's top and 49.8% Fibonacci of the drop from 1.6025 to 1.2335 at 1.4129. Consistent movement above that level may trigger further bullish impetus with targets towards 1.4260. The nearest support is 1.3930. The CCI indicator just crossed down the 100 line on the 1 hour chart, assuming potential descending pressure.
Technical resistance levels: 1.4130 1.4260 1.4380
Technical support levels: 1.3930 1.3820 1.3690
GBP/USD
GBP/USD Open 1.6419 High 1.6607 Low 1.6317 Close 1.6423. On Friday Pound/Dollar made a descending movement. On the 1 hour chart is seen that the bearish impulse came after the Sterling failed to break above the 1.6650 level. Short term signals are descending with possible testing of 1.6250, but remain neutral in the medium term. Immediate resistance is represented by the key 1.6500 level. The nearest support is 1.6300. Break under this level may trigger a further fall of the Cable towards 1.6190. The CCI indicator passed down the 100 line on the 4 hour chart, signaling for downward pressure.
Technical resistance levels: 1.6500 1.6650 1.6790
Technical support levels: 1.6300 1.6190 1.6070
USD/JPY
USD/JPY Open 98.44 High 98.57 Low 97.35 Close 98.40. Dollar/Yen ascended on Friday. On the 1 hour chart the triangle formed was penetrated upwards, assuming future bullish movement continuation. Good resistance is represented by the 98.70 level. Break above this level may trigger further bullish momentum towards next objective 99.80. Immediate support is seen in 97.90. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure.
Technical resistance levels: 98.70 99.80 101.00
Technical support levels: 97.90 96.00 95.85
AUD/USD
0,8056. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should continue to move in 0,7980 / 0,8200 range.
Resistances:0,8120 - 0,8200
Supports :0,8050 - 0,7980
USD/CAD
1,1233. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1160 (73 pips). The uptrend should continue on 1,1295 resistance (62 pips).
Resistances :1,1250 - 1,1295
Supports :1,1160 - 1,1070
have a happy trading
EUR/USD Open 1.3983 High 1.4129 Low 1.3941 Close 1.4011.Euro/Dollar descended on Friday. The currency couple reached a top at 1.4129, declined down to the bottom 1.3952, and closed the week lower at 1.4011. This indicates yet unclear movement direction in the short and medium term. Immediate resistance is Friday's top and 49.8% Fibonacci of the drop from 1.6025 to 1.2335 at 1.4129. Consistent movement above that level may trigger further bullish impetus with targets towards 1.4260. The nearest support is 1.3930. The CCI indicator just crossed down the 100 line on the 1 hour chart, assuming potential descending pressure.
Technical resistance levels: 1.4130 1.4260 1.4380
Technical support levels: 1.3930 1.3820 1.3690
GBP/USD
GBP/USD Open 1.6419 High 1.6607 Low 1.6317 Close 1.6423. On Friday Pound/Dollar made a descending movement. On the 1 hour chart is seen that the bearish impulse came after the Sterling failed to break above the 1.6650 level. Short term signals are descending with possible testing of 1.6250, but remain neutral in the medium term. Immediate resistance is represented by the key 1.6500 level. The nearest support is 1.6300. Break under this level may trigger a further fall of the Cable towards 1.6190. The CCI indicator passed down the 100 line on the 4 hour chart, signaling for downward pressure.
Technical resistance levels: 1.6500 1.6650 1.6790
Technical support levels: 1.6300 1.6190 1.6070
USD/JPY
USD/JPY Open 98.44 High 98.57 Low 97.35 Close 98.40. Dollar/Yen ascended on Friday. On the 1 hour chart the triangle formed was penetrated upwards, assuming future bullish movement continuation. Good resistance is represented by the 98.70 level. Break above this level may trigger further bullish momentum towards next objective 99.80. Immediate support is seen in 97.90. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure.
Technical resistance levels: 98.70 99.80 101.00
Technical support levels: 97.90 96.00 95.85
AUD/USD
0,8056. AUD USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should continue to move in 0,7980 / 0,8200 range.
Resistances:0,8120 - 0,8200
Supports :0,8050 - 0,7980
USD/CAD
1,1233. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1160 (73 pips). The uptrend should continue on 1,1295 resistance (62 pips).
Resistances :1,1250 - 1,1295
Supports :1,1160 - 1,1070
have a happy trading
