Short'n'longs

We can see a correction on EUR/USD. The MACD histogram began to decline and has moved to the negative zone. I plan to open deals in the current trend’s direction. I will sell it, if the price fixes below the 1.0790 level. Potential - movement to 1.0735.

The technical pattern on AUD/USD is mixed at the moment. I have identified the following levels:
Support - 0.7630
Resistance - 0.7655
I will look for entry points into the market after the breakthrough and retest of these levels.
If the price fixes above the 0.7655 mark, I’ll buy it to the 0.7700 mark.
If the price fixes below the 0.7630 mark, I’ll sell to the level of 0.7610-0.7590.

I expect a correction on EUR/USD today. The currency has retained the 1.0745 local support level. The MACD histogram has began to rise and moved into the positive zone. The confirming signal is the price divergence and the MACD histogram divergence. I’ll buy the pair, if the price fixes above the 1.0770 level. Potential movement - to 1.0800-1.0825. This deal will have a short-term and speculative nature.

Sales dominated on USD/CAD yesterday. It seems to me that the downward trend will continue today. I’ll sell this pair after the breakthrough and retest of the 1.3320 local support. Potential movement - to 1.3280. I’ll search for the confirmations and entry points into the market at smaller timeframes.

The data on GDP in Britain will be published today at 9:30 (GMT). I expect high volatility. I've identified the following key levels:
Support - 1.2435, 1.2350
Resistance - 1.2525, 1.2610
I plan to wait for the release of statistics. Ill look for the entry points into the market from these levels.

The correction movement has been observed on USD/JPY since the beginning of this week. During this period, the yen lost more than 200 points in its price. It seems to me that the correction can continue. The support for the US dollar is provided by a strong data on the country's GDP. I’ll buy the pair, if the price fixes above the 112.15 local resistance. Potential movement - to 112.85.

The bearish sentiments prevailed on EUR/USD during the last week. The technical picture is ambiguous at the moment. The euro has reached the key levels. There also may be a correction in the nearest future. I’ve identified the following key levels. So, I’ll look for the entry points, if the price fixes above/below these marks.
Support - 1.0650
Resistance – 1.0700

I’ll buy EUR/USD, if the price overcomes the 1.0700 mark. Potential movement - to 1.0760.
I’ll sell it, if the price fixes below 1.0650 Potential movement - to the 1.0600 round level.

USD/JPY is trading near the 111.750 "mirror" resistance level at the moment. I plan to look for the entry points into the market and open short positions. I’m going to sell the pair, if the price holds this mark. Potential movement - to 110.75-110.15.

The technical pattern on EUR/USD indicates the development of a downward trend. The price has held the 1.0675 local resistance. The MACD histogram has began to decline and moved to the negative zone. I plan to look for entry points into the market and open short positions. I’ll sell the pair, if the price fixes below the 1.0650 level. Potential movement - to 1.0625-1.0600.

The bearish sentiments prevail on GBP/USD now. The currency is testing the 1.2435 key support level. I’ll sell it after the breakthrough and retest of this level. Target movement - to 1.2350. This transaction may last for several days.

I still expect a downward trend on GBP/USD. The currency pair has formed the classical ‘Triangle’ figure. I’ll sell, if the price fixes below 1.2420. Potential movement - to 1.2350.

USD/CAD is testing the 1.3400 round level now. I plan to look for entry points into the market for opening long positions today. Ill buy USD/CAD, if the price fixes above 1.3420. The immediate goal for profit-taking is 1.3450-1.3475. This deal will be short-term and speculative.

The attention of financial market participants is drawn to the tomorrow's report on the US labor market.

GBP/USD has maintained a support level of 1.2420 yesterday. It caused an upward trend. The price is testing the 1.2495 resistance level now. A classical figure of technical analysis, “Triangle”, has formed on the market. I’ll buy the pair, if the price overcomes this resistance level. Potential movement - to 1.2555-1.2610.

The technical pattern on EUR/USD indicates the development of the corrective movement. The price has kept the local demand zone at 1.0635-1.0650. The MACD histogram is in the positive zone and continues to rise now. The closest resistance is the 1.0685 level. I’ll buy EUR/USD, if the price fixes above this level. The immediate goal for taking profit is 1.0740.

are we gonna expect weaker dollar?

Well… it’s too hard to give an exact answer for your question. On the one hand, the preliminary report from ADP was positive. At the same time, the employment index from ISM was weak. And this indicator correlates quite well with the NFP data.
It’s better to stay in cash and not to open deals when the market pattern is ambiguous. As for me, I plan to wait for the data to come out and see how the market reacts to it. I’ll start trading on Monday, when everything calms down.

An important statistical data will be published today. The report on the US labor market is in the focus of attention. The preliminary report from ADP released on Wednesday indicates a positive statistics.

I usually don’t trade during such days. Still, I’ve identified the following key levels on EUR/USD
Support - 1.0640, 1.0600
Resistance - 1.0685, 1.0740

USD/JPY
Support - 110.15
Resistance - 111.00, 111.75
I’ll watch how the price will react to these marks. And I’ll get to trading next Monday. I wish you all high profits!

The US Department of Labor published a mixed report on Friday. At the same time, the US dollar has finished the trading session in the positive zone. The dollar index has risen by more than 0.5%.
USD/JPY has kept the key demand zone at 110.15-110.35. It has triggered aggressive purchases. The closest resistance level is 111.50. I plan to open deals in the current trend’s direction. I’ll buy this pair, if the price fixes above 111.50. The goal for taking profit is the 112.00 round level.

The drop of EUR/USD quotations exceeded 250 points over the past 2 weeks. I don’t exclude a technical correction. I’ve identified the following key levels:
Support – 1.0570
Resistance – 1.0600
I plan to open transactions from these levels.
I’ll buy it, if the price fixes above 1.0600. Potential movement - to 1.0645.
I’ll sell, if the price fixed below 1.0570. Potential movement - to 1.0525.