GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

EUR/USD

The bearish direction is still dominating the pair trades for the short-term and intraday levels, it is noticed that the pair is moving inside a bearish channel and it has tested its bottom border at the support level 1.4065 at the beginning of yesterday trades, this level held steady against the pair's testing pushing the pair upside during the intraday levels of yesterday till reached to test the resistance level 1.4235 expecting more declining during today's intraday levels targeting to re-test the support level 1.4065. If the pair succeeded to break this level with stability below it, the pair will target to reach the support level 1.3955 to test it.

The stability of these expectations requires the stability of the resistance level 1.4235.


Res: 1.4251 1.4346 1.4448
Pivot: 1.4149
Sup: 1.4054 1.3952 1.3857




GBP/ USD

Till this moment, the pair is unable to break the support level 1.6166 as the moves are still bearish for short and medium terms, these moves has been formed through moving inside a bearish channel for short and medium-term, it is noticed during the last intraday trades that the pair retested the resistance level 1.6230 and if this level held steady against the pair's testing, a top will be formed that will push the pair to re-test the support level 1.6166which with its breaking down means more declining targeting the level 1.6010which represents 127% of Fibonacci's continuous level for the bullish move (From 1.6166 to 1.6743). If the pair succeeded to break up the resistance level 1.6230 it will continue rising till reaches the level 1.6303 coinciding with the top border of the bearish channel.


Res: 1.6243 1.6295 1.6337
Pivot: 1.6201
Sup: 1.6149 1.6107 1.6055



USD/CHF

Yesterday, the pair succeeded to break out the bullish channel by breaking its bottom border at the support level 0.8851 expecting more declining targeting the support level 0.8802 followed by the support level 0.8774 if it was stable below the support level 0.8802, with the probability of re-testing the resistance level 0.8877 which represents the bottom border of the broken channel.

The stability of these expectations requires the stability of the pair below the resistance level 0.8877 which represents the bottom border of the channel.

Res: 0.8923 0.9001 0.9063
Pivot: 0.8861
Sup: 0.8783 0.8721 0.8643




USD/CAD

The pair achieved what was expected yesterday by forming the gartley harmonic pattern therefore it's expected that the bearish scenario will be the pair's scenario targeting the support level 0.9713 which represents the B point and the pair stability below this level which gives the chance for the pair to target the support level 0.9513.

This scenario depends on the pair's stability below the resistance level 0.9774which represents the pattern's D point.


Res: 0.9787 0.9819 0.9872
Pivot: 0.9734
Sup: 0.9702 0.9649 0.9617



AUD/USD

The AUD/USD pair tested 23.6% correction level for the bullish move from 0.9706 to 1.1011, to fall form this level to continue the previous falling that suppose to target the support level 1.0415 as the pair has formed (1.2.3) bearish wave that suppose to target 1.0415 level by passing the stability of the formed top around the level 1.0640, but in case this level was passed during the upcoming intraday trades; that may push the pair to rise again to retest 1.0888 level.


Res: 1.0624 1.0696 1.0752
Pivot: 1.0568
Sup: 1.0496 1.0440 1.0368
AUD.png

[GIGFX]

EUR/USD

During the Asian session today, the pair succeeded to break the resistance level 1.4235 which represents 23.6% of Fibonacci's correction level for the last bearish wave for the short-term breaking out of this bearish channel in which it was moving for the short-term and intraday levels. it is expected that the pair will rise during today's intraday levels targeting the resistance level 1.4385 which represents 38.2% of the same Fibonacci's correction level followed by the level 1.4495 which represents 50.0% of Fibonacci's correction level for the same mentioned levels for the last near-term bearish wave.

The stability of these expectations requires the stability of the support level 1.4190.

Res: 1.4291 1.4334 1.4382
Pivot: 1.4243
Sup: 1.4200 1.4152 1.4109
[IMG][/url][IMG]



GBP/ USD

The pair is declining for short and medium-term supported by U.K negative economic data as it was expected to rise breaking the top border of the bearish channel and it failed to do that, a bearish top has been formed at the level 1.6290 coinciding with the top border of the channel and pushed the pair downside breaking the support level 1.6185 to achieve the lowest price for yesterday trades at 1.6105, a new bearish bottom has been formed at this level. Despite of this declining, a bullish move is noticed in the stochastic index which means existing the positive divergence that shifts the direction from bearish to bullish so that, during the last intraday dealings, the pair rose again to test the level 1.6185 which became a resistance level after its breaking downside, it is expected that the pair will break this level to rise again and test the top border of the channel which with its breaking, the pair will continue rising targeting the support level 1.6290 again.

The stability of these expectations requires the stability of the support level 1.6105.

Res: 1.6268 1.6369 1.6451
Pivot: 1.6186
Sup: 1.6085 1.6003 1.5902
[IMG][/url][IMG]



USD/CHF

As it is noticed through this chart, the pair formed head and shoulders pattern and now the pair is above its neckline at the support level 0.8798 waiting for a close below this level despite the pair tried yesterday, so, it is expected that during today's intraday levels, the pair will decline targeting the support level 0.8722 and if it was able to be stable below it, the pair will target the support level 0.8647.

The stability of these expectations requires the stability of the pair below the support level 0.8798.

Res: 0.8840 0.8872 0.8901
Pivot: 0.8811
Sup: 0.8779 0.8750 0.8718
[IMG][/url][IMG]



USD/CAD

As noticed in the chart that after forming the gartley harmonic pattern, it reflected down testing the support level 0.9713 which represents the B point for the pattern and was stable below it.Therefore it's expected that the bearish move will be continued till reaching the support level 0.9650 and the stability below this level will give the pair the chance to continue declining till the support level 0.9513 which represents the pattern's C point.

This scenario depends on the pair's stability below the support level 0.9713 which represents the pattern's B point.

Res: 0.9735 0.9776 0.9796
Pivot: 0.9715
Sup: 0.9674 0.9654 0.9613
[IMG][/url][IMG]


AUD/USD

The AUD/USD rose previously approaching 23.6% correction level for the bullish move from 0.9706 to 1.1011for the second time with the bearish trend for the medium and short periods, after it fell from this level to face 38.2% correction level around 1.0513 level, if the mentioned resistances held it will push the pair down to tray breaking 38.2% level; to target then 50% level around 1.0360, but in case those resistances was passed during the upcoming intraday trades; that may push the pair to rise again to retest 1.0888 level.

The previous analyze remains

Res: 1.0672 1.0716 1.0768
Pivot: 1.0620
Sup: 1.0576 1.0524 1.0480
AUD.png

[GIGFX]

EUR/USD

The pair succeeded to end yesterday dealings rising as it was expected through the last analysis but it is noticed that a bullish wedge has been formed that shifts this direction, this expresses weakness of this bullish direction for the short-term and intraday levels so it is expected that the pair may decline during the intraday trades of today but breaking the support level 1.4260 is needed as a confirmation for this declining, this confirms breaking the pair out of this formed pattern to target then the support level 1.4060 to test it.

The stability of these expectations requires the stability of the resistance level 1.4390.

Res: 1.4352 1.4398 1.4471
Pivot: 1.4279
Sup: 1.4233 1.4160 1.4114
[IMG][/url][IMG]


GBP/ USD

As it was expected through yesterday analysis, the pair rose supported by the formed bottom at the support level 1.6105 and by the existence of a positive divergence that shifts the bearish direction, the pair broke the resistance level 1.6185 and also broke the top border of the bearish tending to rise correctly targeting the level 1.6425 which represents the target of breaking out of the bearish channel and also represents 50.0% of Fibonacci's correction level for the bearish direction (from 1.6745 to 1.6105). In order to reach this level the pair should break the resistance levels 1.6290 and 1.6349.
The stability of these expectations requires the stability of the support level 1.6185 and also requires holding the top border of the bearish channel steady.


Res: 1.6275 1.6313 1.6386
Pivot: 1.6202
Sup: 1.6164 1.6091 1.6053
[IMG][/url][IMG]



USD/CHF

As it is noticed through this chart, the pair is trading inside a bearish channel expecting more declining during the upcoming intraday levels targeting to test the support level 0.8749 which represents the bottom border of the channel with the probability of re-testing the resistance level 0.8858 which represents the top border of the channel and if the pair succeeded to be stable above it, the pair will target the resistance level 0.8912 and if the pair succeeded to be stable above this level, the pair will target the level 0.8970.

Res: 0.8783 0.8758 0.871
Pivot: 0.8831
Sup: 0.8856 0.8904 0.8929
[IMG][/url][IMG]



USD/CAD

As mentioned yesterday in the chart that after forming the gartley harmonic pattern, it reflected down testing the support level 0.9713 which represents the B point for the pattern and was stable below it then it tested the support level 0.9650 but it was not able to break this level; Therefore it's expected that the bearish move will be continued till reaching the support level 0.9650 and the stability below this level will give the pair the chance to continue declining till the support level 0.9513 which represents the pattern's C point.

This scenario depends on the pair's stability below the support level 0.9650.

Res: 0.9706 0.9739 0.9766
Pivot: 0.9679
Sup: 0.9646 0.9619 0.9586
[IMG][/url][IMG]


AUD/USD

The AUD/USD rose previously approaching 23.6% correction level for the bullish move from 0.9706 to 1.1011for the second time approaching the bearish trend for the medium and short periods, after it fell from this level to face 38.2% correction level around 1.0513 level to also form a bearish triangle, if the mentioned resistances held with the breaking of triangle bottom line it will push the pair down to tray breaking 38.2% level; to target then 50% level around 1.0360, but in case those resistances was passed during the upcoming intraday trades; that may push the pair to rise again to retest 1.0888 level.

Res: 1.0701 1.0734 1.0788
Pivot: 1.0647
Sup: 1.0614 1.0560 1.0527
AUD.png

[GIGFX]

EUR/USD

The medium, short-term trades and the intraday are still bearish, whereas the EUR is declining strongly against the main currencies, it's noticed in the chart that the EUR/USD pair is trying to break the support level 1.4045 which breaking it represents confirming continuing forming the bearish direction for the long-term, it's expected in case of this breaking that the pair will target declining the level 1.3964 which represents 127% Fibonacci retracement continuous level for the bullish direction (from 1.4045 to 1.4345) breaking this level also means a further drop till the next support level at 1.3860.

This expectation depends on the stability of the resistance level 1.4115.

Res: 1.4293 1.4425 1.4505
Pivot: 1.4213
Sup: 1.4081 1.4001 1.3869
[IMG][/url][IMG]


GBP/ USD

The end of last week trades saw continuing rising the GBP/USD pair till it reached the resistance level 1.6290, whereas failing broking this level up, that was a sign on declining the pair again to test the nearest resistance levels, at the end of last week trades within the beginning of this week trades it's noticed that the main currencies are dropping sharply against the U.S dollar, therefore it's expected during the next trades a further drop for the pair but if the support level 1.6185 broken down; the pair will target the next support level at 1.6105, breaking this level also will confirm continuing forming the bearish direction for the medium and long-terms.

This expectation depends on the stability of the resistance level 1.6290.


Res: 1.6308 1.6373 1.6444
Pivot: 1.6237
Sup: 1.6172 1.6101 1.6036
[IMG][/url][IMG]


USD/CHF

It's expected for the USD/CHF pair to continue the bearish direction targeting the support level 0.8768, and trading under this level gives a chance for further falling to target then the support level 0.8715 that may coincides with the channel bottom line, with a good chance for bullish move to retest the resistance level 0.8843 that coincides with the channel top line.

This analyze requires the stability of the resistance level 0.8843 with the channel top line.

Res: 0.8835 0.8899 0.8943
Pivot: 0.8791
Sup: 0.8727 0.8683 0.8619
[IMG][/url][IMG]


USD/CAD

The bullish direction remain dominating the pair direction for the medium and short-terms whereas forming a harmonic pattern is still forming which the price action has formed it which is the (AB=CD) which is moving inside the pattern's last CD wave which is targeting the resistance level 0.9915 to end the pattern by ending forming this wave therefore it's expected that the pair's bullish move will be continued targeting by that the level 0.9915.
Succeeding this scenario depends on closing the pair a good close above the resistance level 0.9792 which represents the B point.


Res: 0.9787 0.9843 0.9917
Pivot: 0.9713
Sup: 0.9657 0.9583 0.9527
[IMG][/url][IMG]


AUD/USD

The AUD/USD rose previously to retest 23.6% correction level for the bullish move from 0.9706 to 1.1011 for the second time facing the bearish trend for the medium and short periods, to also form a bearish triangle, which with the stability of the mentioned resistances caused the pair falling to approach the expected target level at 1.0513 represented by 38.2% correction level, and if the pair was able to trade under it; the pair will target then 50% level around 1.0360, but in case 38.2% level held it will push the pair to rise again in order to retest the nearest resistance that might be 23.6% level around 1.0703 price.

Res: 1.0713 1.0761 1.0813
Pivot: 1.0661
Sup: 1.0613 1.0561 1.0513
AUD.png

[GIGFX]

EUR/USD

The bearish direction is still dominating the price action of the pair for the short-term and the intraday levels as the pair during yesterday trades succeeded to break the support level 1.4070 which the pair is re-testing it now forming a flag pattern that continues the direction. so it is expected that the pair will continue declining during today's intraday trades targeting the support level 1.3970 as the first targets of this bullish move followed by the support level 1.3875 to test it and it is the final target of this pattern.

The stability of these expectations requires the stability of the resistance level 1.4140.

Res: 1.4140 1.4232 1.4318
Pivot: 1.4054
Sup: 1.3962 1.3876 1.3784
[IMG][/url][IMG]


GBP/ USD

As it is noticed through this chart, the pair is still forming bearish move for medium and long-term through moving inside a bearish channel, the last trades are around the support level 1.6105 although the pair achieved a lower level but it did not achieve a good close below this level, if the pair achieved this good close more declining is expected targeting the next support level at 1.5970 at which the price is expected to coincide with the bottom border of the bearish channel.

The stability of these expectations requires the stability of the resistance level 1.6165

Res: 1.6206 1.6291 1.6351
Pivot: 1.6146
Sup: 1.6061 1.6001 1.5916
[IMG][/url][IMG]


USD/CHF

As it is noticed through this chart, the pair is moving inside a sideways channel between the resistance level 0.8879 which represents the top border of the channel and the support level 0.8771 which represents the bottom border of the channel, after the pair was unable to break up the resistance level 0.8879, it reflected again to re-test the support level 0.8771 but it should break the resistance level 0.8817 with stability below it because if the pair was unable to be stable below, it will re-test the resistance level 0.9976.

Res: 0.8871 0.8905 0.8962
Pivot: 0.8814
Sup: 0.8780 0.8723 0.8689
[IMG][/url][IMG]


USD/CAD

The pair formed during the previous trades a bullish channel for the medium and short-terms, so it's expected that the pair will continue rising during the intraday trades retesting the resistance level 0.9795 and the stability above this level gives the pair the chance to continue rising till targeting the resistance level 0.9860 which represents the channel's top border.

This expectations depends on the stability of the pair above the support level 0.9748.

Res: 0.9811 0.9847 0.9886
Pivot: 0.9772
Sup: 0.9736 0.9697 0.9661
[IMG][/url][IMG]


AUD/USD

The AUD/USD rose previously after reaching 38.2% correction level for the bullish move from 0.9706 to 1.1011, which might be to retest the bearish trend with testing appropriate resistance level that might be 1.0580, with these resistances stability the pair will fall breaking 38.2% level to target 50% level around 1.0360, but passing 1.0580 level with breaking the bearish trend will push the pair to rise again in order to retest the nearest resistance that might be 23.6% level around 1.0703 price.

Res: 1.0612 1.0722 1.0789
Pivot: 1.0545
Sup: 1.0435 1.0368 1.0258
AUD.png

[GIGFX]

EUR/USD

The bearish direction is still dominating the price action of the pair for the short-term and the intraday levels as the pair during yesterday trades succeeded to break the support level 1.4070 which the pair is re-testing it now forming a flag pattern that continues the direction. So it is expected that the pair will continue declining during today's intraday trades targeting the support level 1.3970 as the first targets of this bullish move followed by the support level 1.3875 to test it and it is the final target of this pattern.

The stability of these expectations requires the stability of the resistance level 1.4140.

Yesterday analysis is still remaining

Res: 1.4154 1.4209 1.4285
Pivot: 1.4078
Sup: 1.4023 1.3947 1.3892
[IMG][/url][IMG]


GBP/ USD


The pair is still moving inside a bearish channel for medium and long-term, yesterday trades saw the stability of the support level 1.6105 so that the pair pushed rising to form a bearish top at the resistance level 1.6205 and it is expected that the pair will use this top to decline and test the support level 1.6105 which with its breaking down means more declining targeting the level 1.5970, but if the pair broke the resistance level 1.6205 the pair will push trying to break the top border of the channel and then the resistance level 1.6305.

Res: 1.6238 1.6297 1.6387
Pivot: 1.6148
Sup: 1.6089 1.5999 1.5940
[IMG][/url][IMG]


USD/CHF

As it is noticed through this chart, the pair is moving inside a sideways channel between the resistance level 0.8879 which represents the top border of the channel and the support level 0.8771 which represents the bottom border of the channel, after the pair tried to test the support level 0.8771 which represents the bottom border of the channel it is expected for the pair that it will reflect again to re-test the resistance level 0.8879 which represents the top border of the channel.
The stability of these expectations requires the stability of the pair above the support level 0.8771

Res: 0.8867 0.8935 0.8978
Pivot: 0.8824
Sup: 0.8756 0.8713 0.8645
[IMG][/url][IMG]


USD/CAD

The pair is still trading inside the bullish channel for the medium and long-terms, therefore it's expected that the pair will continue rising during the intraday trades targeting the resistance level 0.9860 especially after breaking the resistance level 0.9795 which gives the chance for the pair to continue rising till it targets the resistance level 0.9860 which represents the channel's top border.

This scenario depends on the stability of the pair above the support level 0.9795.

Res: 0.9786 0.9807 0.9824
Pivot: 0.9769
Sup: 0.9748 0.9731 0.9710
[IMG][/url][IMG]


AUD/USD

The AUD/USD pair fell previously after testing 1.0580 resistance to pass down 38.2% correction level for the bullish move from 0.9706 to 1.1011forming (1.2.3) wave that suppose to target 1.0360 level coinciding with 50% correction level, but trading above 1.0580 level with breaking the bearish trend will push the pair to rise again in order to retest the nearest resistance that might be 23.6% level around 1.0703 price.

Res: 1.0599 1.0641 1.0702
Pivot: 1.0538
Sup: 1.0496 1.0435 1.0393
AUD.png

[GIGFX]

EUR/USD

The EUR/USD pair had a bullish move during the previous short and medium trades to close the previous trading period above the bearish trend line for the medium and long trades, where the pair is facing 23.6% correction level for the bearish move from 1.4939 to 1.3969, and if the pair was able to trade above this level it will continue rising targeting 1.4265 resistance then 1.4340 that coincides with 38.2% correction level, but in case 23.6% level held it will push down the pair to trade under the bearish trend again retesting the support level 1.4125.

Res: 1.4133 1.4179 1.4239
Pivot: 1.4073
Sup: 1.4027 1.3967 1.3921
[IMG][/url][IMG]


GBP/ USD

Yesterday's trades saw a strong rise for the GBP/USD, the pair was able to break the resistance level 1.6205 and also breaking the bearish channel's top border to begin the pair forming a corrective bullish direction for the medium and the short-terms, whereas it's expected that the bullish move will be continued till reaching the level 1.6483 which represents the targeted price to get out of this bearish channel which also represents 61.8% Fibonacci retracement correction level for the bearish direction (from 1.6745 to 1.6058), reaching this level; the level 1.6320 must be broken which represents 38.2% Fibonacci retracement correction level for the same previous mentioned bearish direction.

This scenario depends on the stability of the support level 1.6220.

Res: 1.6335 1.6398 1.6500
Pivot: 1.6233
Sup: 1.6170 1.6068 1.6005
[IMG][/url][IMG]



USD/CHF

As it is noticed through this chart, the pair is trading inside a bearish channel but the pair was unable to break the support level 0.8694 which represents the bottom border of the channel so it is expected to rise during the intraday levels targeting the resistance level 0.8773 and if the pair succeeded to be stable above this level it will target a new resistance level at 0.8825 which represents the top border of the channel.

The stability of these expectations requires the stability of the pair above the support level 0.8694 which represents the bottom border of the channel.

Res: 0.8789 0.8853 0.8894
Pivot: 0.8748
Sup: 0.8684 0.8643 0.8579
[IMG][/url][IMG]



USD/CAD

The pair is moving inside the confined area for the short-term between the resistance level 0.9795 which represents the top border for this confined area and the support level 0.9754 which represents the lower border for this confined area, therefore it's expected that the pair will retest the resistance level 0.9795 during the intraday trades which represents the confined area top border and the stability above this level will give the pair the chance to target the resistance level 0.9837.
But breaking the pair the resistance level 0.9754 which represents the top border and the stability below this level which gives the pair the chance to target the support level 0.9715.


Res: 0.9806 0.9847 0.9879
Pivot: 0.9774
Sup: 0.9733 0.9701 0.966
[IMG][/url][IMG]


AUD/USD

The bearish direction is still dominating the trades of the pair for short and medium-term as it has formed a bearish wedge pattern that reflects the bearish direction and this indicates the weakness of the bearish direction so it is expected during the medium-term trades that the pair will rise but under the condition of breaking the top border of the formed pattern.
During today's intraday levels, the pair succeeded to rise testing now the important resistance level 1.0605 which is expected to hold stable next hours to push the pair declining slightly targeting to test the support level 1.05030 to gain the needed support to form a new bottom that will use it to rise again for the short-term.

Res: 1.0578 1.0629 1.0698
Pivot: 1.0509
Sup: 1.0458 1.0389 1.0338
AUD.png

[GIGFX]

EUR/USD

The EUR/USD pair had a bullish move during the previous trades that reached the expected target for yesterday report at the resistance level 1.4265, facing a bearish trend the pair was able to form during the previous medium trades, which may cause the pair falling in order to retest the nearest support level such as 1.4198 represented by 23.6% correction level for the bearish move from 1.4939 to 1.3969, which depends on the stability of the mentioned resistances, but in case the pair was able to pass 1.4340 resistance level with a good close above the bearish trend, the pair will rise targeting the resistance level 1.4455 represented by 50% correction level.

Res: 1.4224 1.4284 1.4362
Pivot: 1.4146
Sup: 1.4086 1.4008 1.3948
[IMG][/url][IMG]


GBP/ USD

As expected in the previous report that yesterday trades saw continuity on forming a bullish corrective direction for the short-term, whereas the GBP/USD pair was able to broke the resistance level 1.06320 to continue rising reaching the targeted price to get out if this bearish channel at 1.6483 which represents 61.8% Fibonacci retracement correction level for the bearish direction (from 1.6745 to 1.6058), it's expected that this bullish scenario will be continued during the next intraday trades to reach this bullish targeted price.

This scenario depends on the stability of the support level 1.6320.

Res: 1.6447 1.6493 1.6583
Pivot: 1.6357
Sup: 1.6311 1.6221 1.6175
[IMG][/url][IMG]



USD/CHF

The pair declined yesterday and still declining till this morning and it is expected to continue declining targeting the support level 0.8452 which represents 127.0% of Fibonacci's continuous level but under the condition of holding the pair stable below the support level 0.8555 which represents the point of the last bearish close and if the pair failed to hold stable below the level 0.8555 it will target the resistance level 0.8648 which represents 76.4% of Fibonacci's correction level followed by the resistance level 0.8703 which represents 61.8% of the same Fibonacci's level.

Res: 0.8708 0.8762 0.8792
Pivot: 0.8678
Sup: 0.8624 0.8594 0.8540
[IMG][/url][IMG]


USD/CAD

The pair is still moving inside the confined area for the short-term between the resistance level 0.9795 which represents the top border for this confined area and the support level 0.9754 which represents the lower border for this confined area, therefore it's expected that the pair will retest the resistance level 0.9795 during the intraday trades which represents the confined area top border and the stability above this level will give the pair the chance to target the resistance level 0.9837.
But breaking the pair the resistance level 0.9754 which represents the top border and the stability below this level which gives the pair the chance to target the support level 0.9715.

Yesterday analysis is still remaining

Res: 0.9807 0.984 0.9866
Pivot: 0.9781
Sup: 0.9748 0.9722 0.9689
[IMG][/url][IMG]



AUD/USD

As it was expected through yesterday report, the pair succeeded to rise breaking the top border of the bearish wedge pattern that shifts the direction that represents the resistance level 1.0605 expecting more rising for the pair during today's dealings targeting the resistance level 1.0530 which represents the first target of breaking out this bearish wedge pattern.

The stability of these expectations requires the stability of the support level 1.0605.

Res: 1.0689 1.0736 1.0827
Pivot: 1.0598
Sup: 1.0551 1.0460 1.0413
AUD.png

[GIGFX]

EUR/USD

The EUR/USD pair had a bullish move during the previous trades that reached 1.4340 resistance coinciding with 38.2% correction level for the bearish move from 1.4939 to 1.3969, to fall from this level facing the broken bearish trend with testing 1.4265 level, if the pair was able to trade above this resistance it will rise targeting 1.4455 resistance represented by 50% correction, but if the pair fall to trade under 1.4265 level it will target the retesting of 23.6% correction around 1.4198 price.

Res: 1.4364 1.4427 1.4546
Pivot: 1.4245
Sup: 1.4182 1.4063 1.400
[IMG][/url][IMG]


GBP/ USD

The trades of the last week saw more rising for the pair and as what was expected through the last report the pair reached the level 1.6483 which represents the target of breaking out of the bearish channel and also represents 61.8% of Fibonacci's correction level for the bearish move (from 1.6745 to 106058), the pair reached the highest price at 1.6508 at the end of the last week, at the beginning of this week trades, the pair declined trying to form a new bullish bottom that the pair will use it to rise again trying to break the level 1.6508 followed by the resistance level 1.6583.

The stability of these expectations requires the stability of the support level 1.6340.

Res: 1.6547 1.6592 1.6676
Pivot: 1.6463
Sup: 1.6418 1.6334 1.6289
[IMG][/url][IMG]


USD/CHF


As it is noticed through this chart, the pair is moving inside a bearish channel for medium and long-term so it is expected to continue declining for the intraday levels targeting the support level 0.8342 which represents the bottom border of the channel but under the condition of holding steady below the resistance level 0.8555 because holding the pair above the resistance level gives the chance to the pair to re-test the resistance level 0.8832 which represents the top border of the channel.

Res: 0.8607 0.8733 0.8804
Pivot: 0.8536
Sup: 0.841 0.8339 0.8213
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USD/CAD

The pair is still moving inside the confined area for the short-term between the resistance level 0.9795 which represents the top border for this confined area and the support level 0.9754 which represents the lower border for this confined area, therefore it's expected that the pair will retest the resistance level 0.9795 during the intraday trades which represents the confined area top border and the stability above this level will give the pair the chance to target the resistance level 0.9837.
But breaking the pair the resistance level 0.9754 which represents the top border and the stability below this level which gives the pair the chance to target the support level 0.9715.

last week analysis is still remaining

Res: 0.9794 0.9818 0.9840
Pivot: 0.9772
Sup: 0.9748 0.9726 0.9702
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AUD/USD

It is still expected that the pair will continue rising during the near-term trades and intraday levels as the pair formed a bearish wedge pattern that shifts the bearish direction for medium-term which the pair succeeded to exit out of its area targeting the resistance level 1.0830 during today's intraday trades.

The stability of these expectations requires the stability of the support level 1.0605

Res: 1.0744 1.0784 1.0853
Pivot: 1.0675
Sup: 1.0635 1.0566 1.0526
AUD.png

[GIGFX]

EUR/USD

The EUR/USD pair had a bullish move during the previous trades that reached above1.4340 resistance that represents 38.2%correction level for the bearish move (from 1.4939 to 1.3969), after falling from this level facing the broken bearish trend with testing 1.4265 level, which pushed the pair to rise targeting 1.4455 resistance represented by 50% correction, but if the pair fall to trade under 1.4265 level, it will target the retesting of 23.6% correction around 1.4198 level.

Res: 1.4318 1.4356 1.4387
Pivot: 1.4287
Sup: 1.4249 1.4218 1.4180
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GBP/ USD

Yesterday trades were in a narrow range and reflect a momentum that the pair will use it to continue its bullish direction for near-term through moving inside a bullish channel, during the dealings of the Asian session, the pair began to exit this narrow range trades and rose breaking the level 1.6508, for the upcoming trades it is expected that the pair will continue rising targeting the level 1.6583 which represents 76.4% of Fibonacci's correction level for the bearish move (from 1.6745 to 1.6058).

The stability of these expectations requires the stability of the support level 1.6450.

Res: 1.6503 1.6538 1.6565
Pivot: 1.6476
Sup: 1.6441 1.6414 1.6379
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USD/CHF

As it is noticed through this chart, the pair is moving inside a bearish channel formedium and long-term so it is expected to continue declining for the intraday levels targeting the support level 0.8342 which represents the bottom border of the channel but under the condition of holding steady below the resistance level 0.8555 because holding the pair above the resistance level gives the chance to the pair to re-test the resistance level 0.8832 which represents the top border of the channel.

Yesterday analysis is still remaining

Res: 0.8540 0.8556 0.8583
Pivot: 0.8513
Sup: 0.8497 0.8470 0.8454
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USD/CAD

Yesterday, the pair broke the bottom border of the bullish wedge pattern that shifts the direction as broke the support level 0.9765, so it is expected that the pair will continue declining during the upcoming intraday levels targeting the level 0.9671 as the first target and if it could be stable below this level, the pair will continue declining targeting the support level 0.9588.

The stability of these expectations requires the stability of the resistance level 0.9765

Res: 0.9786 0.9804 0.9823
Pivot: 0.9767
Sup: 0.9749 0.973 0.9712
[IMG][/url][IMG]


AUD/USD

It is still expected that the pair will continue rising during the near-term trades and intraday levels as the pair formed a bearish wedge pattern that shall shift the bearish direction for the medium-term, the pair succeeded to exit out of its area targeting the resistance level 1.0830 during today's intraday trades.

The stability of these expectations requires the stability of the support level 1.0605.

Yesterday analysis is still remaining


Res: 1.0713 1.0743 1.0763
Pivot: 1.0693
Sup: 1.0663 1.0643 1.0613
AUD.png