1.1291 will be my entry point. 1.195 will be my ultimate Target
USDCAD long term view is bearish, However we need to look for shorts at a higher level 1.338-1.33950 Clear break above 1.341 will invalidated this setup USD weakness will mostly drive down this setup amongst other factors
AUDUSD has reached our Target finally at 0.73100 and Now 0.73000 and 0.72800 are key support areas I am bullish on this pair as long as the price holds above 0.728
USDCHF at 1.010000 This is Key Resistance zone and it has not being broken successfully in the past 3 week Which means bears are Near
AUDJPY is currently bearish and it is giving us an opportunity to catch a +240 pip fall.
AUDCHF Is similar to EURCHF CHF will most likely drag down the pair should we get risk off sentiments Thursday.
1.15 is Key Resistance for ECHF With Risk Off sentiments coming in to play, EURCHF will be dragged down because CHF will likely become strong with the USD Key Support at 1.138 and 1,13100
GBPUSD had an impressive bullish rally in the preceding week Also, cable surpassed the 20- and 40-simple moving averages (SMAs) in the daily time frame, confirming the recent upside movement Immediate resistance is at 1.31500 which might hold as Key Resistance.
Immediate resistance is 0.87683, then 0.88080 Support at 0.87146 then 0.864
Today, the risk-on sentiment among investors increased with equities trading mostly in a green zone. This resulted in the fall of the USD. EXPECT USDJPY to fall as long 113.300 holds
AUDUSD is preparing to go up eventually but it is still under a lot of bearish pressure ATM 0.70200 will be immediate support followed by 0.70 and possibly 0.688
Next Support is at 1.266 Immediate resistance is at 1.2775
0.66 has proved a few times that it is a hard resistance 0.65 will act as hard resistance and 0.645 key support SL above 0.66250
GBPJPY is currently in a downtrend channel and price is fairly bearish atm, 1st target to the downside would be 146.250 and 143.800 A clear break above 148.250 would invalidate this setup
EURJPY might extend losses should 128.258 hold as resistance and we get a break below 127.800
Watch out for immediate resistance at 1.31 zone, break above would expose 1.33 then 1.347 then 1.365 However should the price hold below 1.31 zone expect bearish move to the downside
-If the index breaks above the 38.2% Fibonacci at 3277, -The next key resistance could arrive at the 50% Fibonacci at 3310. -Further up, the 61.8% Fibonacci at 3344 is another important level to beat as this would open the way for the 50-day MA, currently around 3365. - Climbing above the 50-day MA would help shift the near-term bias to a bullish one. +However,...