EURUSD
The negative American data released at the end of the last week supported the rising of the European currency, as it was expected for this rising, the pair rose till reached the level 1.3375 which represents 50% correction level for the bearish direction (from 1.3785 to 1.2965) at which the price coincided with the bearish trend line which matches the (A) point with the © for the positive harmonic pattern AB=CD, the pair wasnt satisfied with reaching this level, but registered the highest price through the end of the last week trades at the level 1.2425 around the resistance level 1.3445, which represents the (B) point, if the buying strength still controls the trades of the pair, breaking the level 1.3445 is expected, whereas, the pair then will target to reach the level 1.2591, and these expectations are the most likely to happen during the upcoming trades.
The stability of these expectations requires the stability of the support level 0.3245.
Res. 1.3504 1.3582 1.3738
Pivot 1.3348
Sup. 1.3270 1.3114 1.3036
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GBPUSD
During the end of the last week trades, the pair succeeded to break the resistance level 1.5650 as it was expected, reaching around the target at the level 1.5800 which was mentioned before, where recorded the highest price at the level 1.5787 and closed around this level, this is what supports the expectations of more rising during the intraday trades of today but under the condition of breaking the level 1.5800 up, in order to target then the resistance level 1.5860 which represents 61.8% correction level for the last bearish wave for the medium period then, it will target the resistance level 1.5945 which represents 76.4% of the same previous levels.
The stability of these expectations requires the stability of the support level 1.5650.
RES. 1.5852 1.5923 1.6058
Pivot 1.5716
Sup. 1.5645 1.5509 1.5436
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USDCHF
As it was expected previously, the pair declined at the end of the last week trades till reached the mentioned target at the support level 0.9765, and it is the target of the bullish wedge which was formed on the movement of the pair for the medium period trades, whereas, the declining of the pair was strong, so, it is expected that, the pair will continue declining for the intraday levels of today targeting the support level 0.9610 but under the condition of breaking the support level 0.9695 which represents 61.8% correction level for the bullish wave (AD) for the medium period.
The stability of these expectations requires the stability of the resistance level 0.9890
RES. 0.9877 1.0024 1.0095
Pivot 0.9804
Sup. 0.9658 0.9585 0.9439
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USDCAD
The pair is still trading till now above the support area which is a result of coinciding the level 1.0025 with the pitchfork midline that formed on the bullish wave ( from 0.9978 to 1.0280 ) if the stability of this area is continued; it's expected that the pair will rise until the level 1.0129 but in case of breaking the resistance level 1.0071 and this bullish move is intended to search on forming a bearish top will force the pair to return again for falling to reach the target price for the short period at the support level 0.9978 which expected reaching it in case of breaking the support level 1.0025 and also breaking the pitchfork midline.
Res. 1.0070 1.0113 1.0146
Pivot 1.0037
Sup. 0.9994 0.9961 0.9918
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AUDUSD
As expected in the last week report that the pair has completed rising till the level 0.9936 which represents 61.8% correction level for the bearish direction ( from 1.0182 to 0.9538 ) and this level represents the target price from breaking the mentioned bearish trend line, it's expected for the next trades a further rise provided of breaking the level 0.9936 then reaching the level 1.0030 which represents 76.4% correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 0.9785.
Res. 0.9999 1.0066 1.0196
Pivot 0.9869
Sup. 0.9802 0.9672 0.9605
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