GIGFX Technical Analysis For Majors (Updated Daily)

[GIGFX]

EUR/USD

As it was expected through the last analysis, the pair declined targeting the support level 1.4030 at which the formed harmonic pattern for near-term ends expecting more declining during today's intraday trades targeting the support level 1.3940 with the probability of re-testing the resistance level 1.4120 so it is not recommended to have bearish positions until the pair break the support level 1.4030 with stability below it.

The stability of these expectations requires the stability of the resistance level 1.4120.

Res: 1.4206 1.4255 1.4312
Pivot: 1.4149
Sup: 1.4100 1.4043 1.3994
[IMG] [/url][IMG]


GBP/ USD

As observed in the chart that, the GBP/USD pair is forming the Flag bullish direction complement pattern for the short-term, forming this pattern came to confirm the bullish direction strength, confirming breaking up the pattern's top border is still remaining with breaking the resistance level 1.6190 then the presence of the pattern will be confirmed, the pair will had a bullish target price for the pattern, so with the broking confirmation; the pair will initially continue rising till the level 1.6280.

This bullish scenario depends on the pattern's lower border stability and also the support level 1.6050 stability.

Res: 1.6177 1.6226 1.6277
Pivot: 1.6126
Sup: 1.6077 1.6026 1.5977
[IMG][/url][IMG]


USD/CHF

As it is noticed through this chart, the pair at the beginning of the asian markets session formed a second bottom which suggested that the pair will form a double bottom reversal pattern as the pair now is targeting to rise to target the resistance level 0.8185 which represents the bass line of this pattern so if the pair succeeded to break that level with stability below it the pair will continue rising targeting the resistance level 0.8239 and if the pair held stable above this level it will target the resistance level 0.8289.

The stability of these expectations requires the stability of the pair above the resistance level 0.8185.

Res: 0.8171 0.8216 0.8241
Pivot: 0.8146
Sup: 0.8101 0.8076 0.8031
[IMG][/url][IMG]


USD/CAD

The CAD/USD pair was unable to break the support level 0.9518 whereas it reflected up from this point with beginning the Asian period trying to correct the last bearish direction whereas the pair now is facing the tipping point at the resistance level 0.9577 which represents 23.6% Fibonacci retracement correction level for the bearish direction trying to break that whereas the pair's ability on closing above this level which the strong chance on targeting the resistance level which represents 38.2% from the same previous mentioned Fibonacci retracement levels and the stability above this level will be for the pair which also gives the chance for the pair to target the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement levels.

This scenario depends on closing the pair a good close above the resistance level 0.9577.

Res: 0.9604 0.9664 0.9707
Pivot: 0.9561
Sup: 0.9501 0.9458 0.9398
[IMG][/url][IMG]


AUD/USD

During yesterday trades, the AUD/USD pair succeededto break the level 1.0700 that represents 23.6% correction level for the bullish direction from 1.0390 to 1.0796 then 1.0641 represented by 38.2% correction level, reaching below 1.0593 that represents 50% correction level, if the pair was able to trade below this level it will fall targeting 1.0545 level that represents 61.8% correction level with a chance that the pair may retest 1.0641 level.

The stability of these expectations requires the stability of the resistance level 1.0641

Res: 1.0728 1.0800 1.0855
Pivot: 1.0673
Sup: 1.0601 1.0546 1.0474
Picture1.jpg

[GIGFX]

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.

This scenario depends on the support level 1.4015 stability.

Res: 1.4158 1.4205 1.4277
Pivot: 1.4086
Sup: 1.4039 1.3967 1.3920
[IMG][/url][IMG]


GBP/ USD

Yesterday trades saw declining the sterling against the U.S dollar, this declining represents the bearish corrective wave for the bullish wave (From 1.5719 to 1.6190), the pair continued declining till the support level 1.6035 which represents 38.2% of fibonacci's correction level for the same bullish wave and formed a bullish bottom at this level expecting to rise from it to re-test the near resistance levels such as the level 1.6120 which with its breaking upside means more rising till the level 1.6190, remaining the formed bottom at the level 1.6035 means the probability of forming a mid-term bullish channel, breaking the support level 1.6035 downside means the falseness of this probability and thus the pair will decline targeting the support level 1.5913.

Res: 1.6124 1.6192 1.6252
Pivot: 1.6064
Sup: 1.5996 1.5936 1.5868
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the yesterday expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

Res: 0.8217 0.8258 0.8323
Pivot: 0.8152
Sup: 0.8111 0.8046 0.8005
[IMG][/url][IMG]


USD/CAD

During yesterday trades the USD/CAD pair rose whereas it reached the first previous mentioned targets at the resistance level 0.9613 which represents 38.2% Fibonacci retracement correction level for the bearish direction but if the pair stabile above this level, in spite of that; it's expected that the pair will continue rising during the intraday trades by retesting the resistance level 0.9613 which represents 38.2% from the same previous mentioned Fibonacci retracement correction levels and the stability above this level which gives the pair the chance to continue rising targeting the resistance level 0.9645 which represents 50.0% from the same previous mentioned Fibonacci retracement correction levels.

This scenario depends on the stability of the pair above the support level 0.9577.

Res: 0.9639 0.9686 0.9739
Pivot: 0.9586
Sup: 0.9539 0.9486 0.9439
[IMG][/url][IMG]


AUD/USD

During yesterday trades, the AUD/USD pair succeeded to rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796, which pushed the pair to target 38.2% correction level as the rising expected target, as if the pair succeeded to trade above this level it will target 1.0700 level represented by 23.6% correction level, with a chance that the pair may retest 1.0593 level that represent 38.2% correction level.

The stability of these expectations requires the breaking of the resistance level 1.0641 represented by 38.2% correction level.

Res: 1.0652 1.0699 1.0745
Pivot: 1.0606
Sup: 1.0559 1.0513 1.0466
Picture1.jpg

[GIGFX]

EUR/USD

During yesterday trades the EUR/USD pair formed a new bottom at the support level 1.4015 to near from forming the Gartley harmonic pattern which is moving now inside the last CD pattern's wave which is targeting the resistance level 1.4460 to end the pattern at this level but the resistance level 1.4280 which represents the pattern's B point with a good close must be broken before achieving this scenario.
So it is not recommended to have bullish positions until the pair break the resistance level 1.4280 with stability above it.

This scenario depends on the support level 1.4015 stability.

Res: 1.4225 1.4295 1.4373
Pivot: 1.4147
Sup: 1.4077 1.3999 1.3929
[IMG][/url][IMG]


GBP/ USD

As it was expected through yesterday analysis, the pair continued rising supported by the formed bullish bottom around the support level 1.6004 whereas the pair succeeded to break the resistance level 1.6120 which represents 61.8% of fibonacci's correction level for the bullish wave (from 1.5781 to 1.6190), the pair continued rising till reached the next resistance level at 1.6148 to register the highest price at 1.6167 without closing above the level 1.6148 to form a top at this area in a sign to reflect declining again to re-test the near support level.
It is expected that, the pair will continue declining to test the support level 1.6076 which coincides with the near-term bullish trendline, if the pair succeeded to break this level downside the pair will decline for near and mid-term trades which will be confirmed by breaking the support level 1.6004 downside then the pair will target the support level 1.6190.

The stability of these expectations requires the stability of the resistance level 1.6190.

Res: 1.6186 1.6249 1.6323
Pivot: 1.6112
Sup: 1.6049 1.5975 1.5912
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair is rising during the current trades trying to break the resistance level 0.8200 which may push the pair up to target 0.8305 resistance level as in the previous expectations, this rising came as a result for the stability of the support level 0.8085 in a bearish movement for the previous trades for both long and medium periods, but in case the pair traded back below 0.8200 level it will fall to retest 0.8085 support level.

The previous analyze remains

Res: 0.8294 0.8348 0.8419
Pivot: 0.8223
Sup: 0.8169 0.8098 0.8044
[IMG][/url][IMG]


USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9485 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9485.


Res: 0.9572 0.9646 0.9692
Pivot: 0.9526
Sup: 0.9452 0.9406 0.9332
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair succeededto rise after it failed to break down 50% correction level for the bullish direction from 1.0390 to 1.0796 around 1.0700 price, to form a top at 1.0749 level that may push down the pair may fall to retest 1.0700 level again, which if held it will push up the pair to rise targeting the previous top at 1.0796 price, but trading below this level may push down the pair to target 23.6% correction level at 1.0641 price.

Res: 1.0781 1.0831 1.0922
Pivot: 1.0690
Sup: 1.0640 1.0549 1.0499
Picture1.jpg

[GIGFX]

EUR/USD

The pair succeeded to reach the resistance level 1.4281 during the last trades and also to form a new bottom at the support level 1.4015 forming gartley harmonic pattern which is moving in the range of the last wave CD that targets the resistance level 1.4460 to end the pattern at this level but under the condition of breaking the resistance level 1.4281 which represents the point B above it, it is expected for the near-term trades that the pair will target the resistance level 1.4380 before reaching the resistance level 1.4460 but if the level 1.4281 held it is expected to decline targeting to re-test the support level 1.4110.

Res: 1.4257 1.4300 1.4362
Pivot: 1.4195
Sup: 1.4152 1.4090 1.4047
[IMG][/url][IMG]


GBP/ USD

The GBP/USD pair is still moving inside the short-term bullish channel, whereas yesterday trades saw forming a new bullish bottom at the support level 1.6076 coinciding area with the channel's lower border; the pair used this bottom to rise up again which this bullish move started since beginning the last intraday trades till it tested the resistance level 1.6190, this level represents a strong resistance border against continuing rising, therefore in order of continuing the pair rising; so this level must be broken up with a good close above it, then the pair will reach the next resistances levels at 1.6243, 1.6308 which represents 127% , 161.8% Fibonacci retracement correction level for the bearish direction (from 1.6190 to 1.6004).

This scenario depend son the stability of the support level 1.6148.

Res: 1.6190 1.6227 1.6288
Pivot: 1.6129
Sup: 1.6092 1.6031 1.5994
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair is trying during the current trades to retest the level 0.8200 which if held it may push the pair up to target 0.8305 resistance level as in the previous expectations, but in case the pair traded back below 0.8200 level it will end the corrective rising to fall to targeting 0.8085 support level as the falling process 1ST target.

Res: 0.8241 0.8287 0.8319
Pivot: 0.8209
Sup: 0.8163 0.8131 0.8085
[IMG][/url][IMG]


USD/CAD

As observed in chart that, the USD/CAD pair is trading inside the reflective bearish wedge pattern whereas the pair now is at the support level 0.9436 which represents the wedge's lower border so it's expected that the pair will rise up trying to test the resistance level 0.9572 which represents the channel's top border and the pair's ability on breaking this level so the pair will continue the bullish scenario targeting the resistance level 0.9658 then the resistance level 0.9742.

This scenario depends on the stability of the pair above the support level 0.9436.

Res: 0.9505 0.9537 0.9562
Pivot: 0.948
Sup: 0.9448 0.9423 0.9391
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair failed to break 1.0749 resistance level to fall from this level retesting 1.0700 level that coincided with 23.6% correction level for the bullish direction from 1.0390 to 1.0796, the stability of this level will push the pair to rise back trying to break 1.0749 level in order to target 1.0796 resistance level, but in case the pair traded below this level it may target 38.2% correction level around 1.0641 price.

Res: 1.0767 1.0788 1.0817
Pivot: 1.0738
Sup: 1.0717 1.0688 1.0667
Picture6.jpg

[GIGFX]

EUR/USD

Yesterday, EUR/USD pair succeeded to achieve more gains after breaking the resistance level 1.4280 which represents the point B for the previously mentioned Gartley harmonic pattern then continued rising ending the pattern by completing the wave CD which is supposed to target the resistance level 1.4460, indeed, the pair is about to reach this level, so it is not recommended to have bullish positions until the pair breaks the resistance level 1.4660 with stability above it to target then the resistance level 1.4555.

It is important to notice that there is a possibility to begin a corrective move for the bullish direction for near-term if the resistance level 1.4460 held to re-test at then the level 1.4280.

Res: 1.4525 1.4626 1.4819
Pivot: 1.4332
Sup: 1.4231 1.4038 1.3937
[IMG][/url][IMG]


GBP/ USD

As expected in yesterday's report, GBP/USD pair was able to break up the resistance level 1.6190 to continue forming bullish directions on the short and medium-terms, the pair also was able to break the resistance level 1.6243 which represents 127% Fibonacci retracement continuous level for the bearish direction (from 1.6190 to 1.6004) to continue rising till reached the next resistance level at 1.6308 achieving the highest price for yesterday's trades at 1.6332, it is expected that the pair will continue rising but only if the level 1.6332 was broken, then the pair will target the resistance level 1.6380, failure in breaking this level will push the pair to retest the level 1.6243 which became a support level after breaking it up.

Res: 1.6400 1.6472 1.6612
Pivot: 1.6260
Sup: 1.6188 1.6048 1.5976
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair formed a bottom at 0.8135 level after it fell from 0.8270 resistance level, to rise from this level during the current trades which may lead the pair to retest 0.8270 resistance level, and if the pair passed this level it will target 0.8340 resistance, but the stability of 0.8270 resistance will push the pair to fall targeting the support level 0.8135 then 0.8085.

Res: 0.8211 0.8273 0.8310
Pivot: 0.8174
Sup: 0.8112 0.8075 0.8013
[IMG][/url][IMG]


USD/CAD

As observed in the chart, the USD/CAD pair is trading inside a bearish channel which was formed on the medium and short-terms; it's expected that the pair will rise during the intraday trades targeting the resistance level 0.9540 which represents the channel's top border and the breaking ofthis border with stability above it; the pair will target the support level 0.9611 and the stability above this level will give the chance for the pair to target the resistance level 0.9680.

This scenario depends on the pair's stability above the support level 0.9397.

Res: 0.9468 0.9514 0.9537
Pivot: 0.9445
Sup: 0.9399 0.9376 0.9330
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair fell tohave a good support from 1.0700 level to rise breaking 1.0796 resistance level reaching 1.0855 resistance level currently, if the pair was able to pass this level it will target 1.0905 resistance level, but if 1.0855 level held it will push down the pair to fall in order to retest the nearest supports such as 1.0796.

Res: 1.0898 1.0957 1.1060
Pivot: 1.0795
Sup: 1.0736 1.0633 1.0574
Picture5.jpg

[GIGFX]

EUR/USD

The bullish direction is still dominant on EUR/USD pair for the short-term trades, the resistance level 1.4400 which represents 76.4% Fibonacci retracement correction level for the medium-term last bearish wave is still stable against testing the pair for it, reflecting the pair down is noticed expecting for it a further corrective drop during the intraday trades targeting the support level 1.4295 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels before completing the short-term bullish direction.
So it's recommended, not to enter any buying operations for the EUR/USD pair but only in case of breaking the resistance level 1.4400 which with breaking it and having a good close above it, the resistance level 1.4520 will be targeted.

Res: 1.4426 1.4489 1.4540
Pivot:1.4375
Sup: 1.4312 1.4261 1.4198
[IMG][/url][IMG]


GBP/ USD

As it is noticed through this chart, the GBP/USD pair is unable to break the resistance level 1.6430 to form the second consecutive top at the same level, this is one of the conditions of existing the double bottom pattern that shifts the bullish direction, the support level 1.6263 represents the base of the pattern and the pair should break this level downside to confirm existing the double bottom pattern and if the pair succeeded to break that level it will continue declining targeting the support level 1.6192 which represents the target of the pattern.

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

Res: 1.6337 1.6376 1.6413
Pivot: 1.6300
Sup: 1.6261 1.6224 1.6185
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair was able to fall passing 0.8135 level after it fell from 0.8270 resistance level to face the support level 0.8085 which if the pair passed it down it will target the support level 0.7970 but if 0.8085 support held it will push the pair to rise again to retest 0.8135 resistance then 0.8270 resistance level.

Res: 0.8241 0.8294 0.8341
Pivot: 0.8194
Sup: 0.8141 0.8094 0.8041
[IMG][/url][IMG]


USD/CAD

As it is noticed through this chart, the USD/CAD pair is still moving inside a bearish channel for near and mid-term trades, it achieved the mentioned target in the last analysis at the end of the last week trades at the resistance level 0.9521 which represents the top border of the channel so, if the pair succeeded to break this level with stability above it it will target the resistance level 0.9609 and if the pair succeeded to be stable above this level it will target the resistance level 0.9690.
But if the pair failed to break the resistance level 0.9521 it will reflect to re-test the support level 0.9420 followed by the support level 0.9372.

Res: 0.9531 0.9581 0.9634
Pivot: 0.9478
Sup: 0.9428 0.9375 0.9631
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair could not break the resistance level 1.0855 to fall from this level targeting 1.0769 support level in order to retest it coinciding with the bullish trend line for the past short periods, if the pair was able to hold below the mentioned supports it will fall targeting the support 1.0700, but if this supports held it will push the pair to rise retesting 1.0855 resistance which if the pair passed it the pair will target the resistance level 1.0905.

Res: 1.0876 1.0901 1.0929
Pivot: 1.0848
Sup: 1.0823 1.0795 1.0770
Picture1.jpg

[GIGFX]

EUR/USD

The EUR/USD broke the resistance level 1.4400 in today's trades which represents 76.4% Fibonacci retracement correction level for the last bearish wave for the medium-term as what was mentioned yesterday which pushed the pair to reach the resistance level 1.4520 which is it's first target for this breaking, so a further rise is expected during the intraday trades targeting the resistance level 1.4575 and this level is the medium-term bearish wave beginning point.

This scenario depends on the stability of the support level 1.4400.

Res: 1.4420 1.4464 1.4512
Pivot: 1.4372
Sup: 1.4328 1.4280 1.4236
[IMG][/url][IMG]


GBP/ USD

The GBP/USD tried to break the resistance level 1.6263 downside during yesterday trades, this level represents the base of the expected double top pattern, the pair formed more than one bottom above this level which changes the expected double top pattern into a confusion area, during the last trades the pair was trying to break upside the resistance level 1.6340 which represents the top boarder of the confusion area, breaking this area upside means more rising targeting the level 1.6380 followed by 1.6420, today, a british data will be released and will determine the next direction for the pair however, breaking the support level 1.6263 means more declining targeting the support level 1.6192.

Res: 1.6325 1.6375 1.6407
Pivot: 1.6293
Sup: 1.6243 1.6211 1.6161
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8136 0.8213 0.8271
Pivot: 0.8078
Sup: 0.8001 0.7943 0.7866
[IMG][/url][IMG]


USD/CAD

The USD/CAD pair was unable to break the resistance level 0.9521 which represents the top border of the channel and reflected downside targeting the support level 0.9420 which has been mentioned through the last analysis, if the pair broke this level it will continue declining targeting the support level 0.9333 which represents the bottom border of the channel.
But if the pair failed to break that level it will reflect upside in order to re-test the resistance level 0.9521 which represents the top border of the channel.

Res: 0.9517 0.9565 0.9607
Pivot: 0.9475
Sup: 0.9427 0.9385 0.9337
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair was able to rise previously after it traded between 1.0796 and 1.0875 levels, the stability of the support level 1.0796 pushed the pair to break 1.0875 level making the pair next target 1.0950 resistance level and if the pair was able to pass this level it will target 1.1035 resistance, with a chance that the pair might retest 1.0875 support level, and if the pair traded below this level it will fall to retest 1.0796 support.

This scenario depends on the stability of the support level 1.0875

Res: 1.0880 1.0918 1.0961
Pivot: 1.0837
Sup: 1.0799 1.0756 1.0718
Picture 6.jpg

[GIGFX]

EUR/USD

The bullish direction is still dominant on the EUR/USD pair direction for the short-term and the intraday levels; the price action is forming the reversal bullish direction wedge pattern therefore be careful for any bullish operations for the pair only in case of breaching of the resistance level 1.4530 which could be able to have a good close above, so it will immediately target the resistance level 1.4575.
but in case of the pattern's stability against the price movement and declining the pair down with breaching the support level 1.4400, this indicates a beginning of a new period for the price movement downwards targeting the support level 1.4295 as it's first target for this formed pattern.

Res: 1.4570 1.4631 1.4737
Pivot: 1.4464
Sup: 1.4403 1.4297
[IMG][/url][IMG]


GBP/ USD

The GBP/USD pair succeeded to break the resistance level 1.6340 which represents the top border of the confusion area that was mentioned in the last analysis, the pair continued rising till reached the target of breaking out the confusion area by reaching the level 1.6420 registering the highest price during yesterday trades at 1.6427, during the Asian session trades the pair registered a higher price at the level 1.6438 at which the price coincides with the top border of the expected bullish wedge pattern, the stability of the level 1.6438 during the upcoming trades means declining the pair to re-test the bottom border of the pattern coinciding with testing the support level 1.6340, the confirmation of breaking the bottom border means the beginning of a corrective bearish direction targeting the level 1.6187.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6466 1.6527 1.6628
Pivot: 1.6365
Sup: 1.6304 1.6203 1.6142
[IMG][/url][IMG]


USD/CHF

The USD/CHF pair was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

The previous analyze remains

Res: 0.8055 0.8097 0.8126
Pivot: 0.8026
Sup: 0.7984 0.7955 0.7913
[IMG][/url][IMG]


USD/CAD

The USD/CAD pair is still trading inside a bearish channel whereas it reached the support level 0.9420 during yesterday trades and broke it but it was unable to hold steady below it so it is expected that the pair will rise targeting the resistance level 0.9480 which represents the top border of the channel and in the case that the pair broke this level with stability above it, the pair will target the resistance level 0.9533 and if the pair succeeded to be stable above this level it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the support level 0.9420.

Res: 0.9475 0.9508 0.9544
Pivot: 0.9439
Sup: 0.9427 0.9370 0.9337
[IMG][/url][IMG]


AUD/USD

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 targeting 1.1130 resistance level, which requires the stability of the supports1.1035 and 1.0950 with the stability of the bullish trend line for the previous long trades, as if the pair was able to break down these levels it will target lowest supports as 1.0875 1.0796.


Res: 1.1008 1.1061 1.1155
Pivot: 1.0914
Sup: 1.0861 1.0767 1.0714
AuD.jpg

[GIGFX]

EUR/USD

The EUR/USD declined yesterday breaking the formed bullish wedge pattern's lower border which reverses the direction, it's observed now that the pair is trying to retest the resistance level 1.4400, a further drop is expected during the intraday trades targeting the support level 1.4295.

In order to confirm this information, the resistance level 1.4400 must be stable.

Res: 1.4490 1.4612 1.4687
Pivot: 1.4415
Sup: 1.4293 1.4218 1.4096
[IMG][/url][IMG]


GBP/ USD

As it was expected through the last analysis, the GBP/USD pair completed the formation of a top at the resistance level 1.6438 coinciding with the top border of the bullish wedge pattern, this top pushed the pair to decline in order to re-test the bottom border of the wedge -as it was mentioned-, it is noticed that during the last intraday trades the pair was trying to confirm breaking downside the bullish wedge to start a corrective bearish direction targeting the level 1.6032 which represents the target of the wedge pattern and also represents 61.8% of fibonacci's correction level for the bullish move (from 1.5781 to 1.6438), in order to reach this target it should break the support levels 1.6283, 1.6187 and 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6438.

Res: 1.6407 1.6486 1.6534
Pivot: 1.6359
Sup: 1.6280 1.6232 1.6153
[IMG][/url][IMG]


USD/CHF

Nothing much have changed for the USD/CHF pair after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8043 0.8070 0.8094
Pivot: 0.8019
Sup: 0.7992 0.7968 0.7941
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USD/CAD

The USD/CAD pair failed to break the support level 0.9420 for the second consecutive day and targeted the resistance level 0.9480 which represents the top border of the bearish channel, so it is expected that the pair will continue rising during the intraday and near-term trades targeting the resistance level 0.9533 and if the pair succeeded to be stable above this level, it will target the resistance level 0.9592.

The stability of these expectations requires the stability of the pair above the resistance level 0.9480.

Res: 0.9529 0.9564 0.9625
Pivot: 0.9468
Sup: 0.9433 0.9372 0.9337
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AUD/USD

During the previous trades, the AUD/USD pair was able to continue rising after 1.0950 level held to push the pair up passing the mentioned target at 1.1035 to retest 1.1001 support level previously forming a bottom around this level which if held it will push the pair to rise targeting 1.1130 resistance level, the stability of the bullish trend line for the previous long trades will support that rise, as if the pair was able to break down the mentioned supports it will target lowest supports as 1.0875 1.0796.


Res: 1.1085 1.1152 1.1226
Pivot: 1.1011
Sup: 1.0944 1.0870 1.0803
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[GIGFX]

EUR/USD

The formed bullish wedge pattern is continuing pressing on the EUR/USD pair which leads it to continue declining, it's trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the last medium-term bearish wave if the pair is able to close below this level so a further drop is expected for the pair to target the support level 1.4120 which represents the formed pattern target and also which coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels.

In order to confirm this information, the resistance level 1.4400 must be stabile.

Res: 1.4402 1.4474 1.4548
Pivot: 1.4328
Sup: 1.4256 1.4182 1.4110
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GBP/ USD

Yesterday, the pair GBP/USD formed a bottom at the level 1.6295 ending the bearish wave that started from the resistance level 1.6438, the pair rose from this bottom targeting to form a bearish top by testing the bottom border of the bullish wedge pattern, through declining and rising moves of the pair, it is noticed that the pair is forming a head and shoulders pattern which shifts the bullish direction, forming this pattern supports the major bullish wedge pattern, during the upcoming trades, the pair will try to break the neckline of the head and shoulders pattern then it will continue declining targeting the level 1.6187 which represents the target of the head and shoulders pattern and also represents 38.2% of fibonacci's correction level for the bullish move (From 1.5781 to 1.6438), the pair has a bearish target for the bullish wedge pattern at the level 1.6032 it is expected to reach this level after conforming breaking the level 1.6187 followed by the level 1.6109.

The stability of these expectations requires the stability of the resistance level 1.6380.

Res: 1.6404 1.6437 1.6492
Pivot: 1.6349
Sup: 1.6316 1.6261 1.6228
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USD/CHF

The narrow trade rang for the USD/CHF pair remains controlling the pair movement after it was able to fall previously after the stability of the resistance level 0.8270 which pushed the pair to fall breaking a lot of the supports ending with 0.8085 level, confirming the dominating of the bearish direction for the medium and long trades making the next target for the pair is the support level 0.7970 then 0.7880, which requires the stability of the pair below 0.8085 resistance level.

Res: 0.8041 0.8072 0.8098
Pivot: 0.8015
Sup: 0.7984 0.7958 0.7927
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USD/CAD

The USD/CAD pair succeeded to hold stable above the support level 0.9480 and became around the resistance level 0.9533 so the bullish direction is still dominating the trades of the pair targeting the resistance level 0.9592.

The stability of this scenario depends on the stability of the pair above the resistance level 0.9533.

Res: 0.9522 0.9553 0.9586
Pivot: 0.9489
Sup: 0.9458 0.9425 0.9394
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AUD/USD

During the previous trades, the AUD/USD pair fell to break down 1.1001 level trading below 1.0950 currently with trading below the bullish trend line for the previous long trades, as if the pair was able to close below the bullish trend it will continue falling to target the support level 1.0875, but if the pair traded back above 1.0950 level it will rise to trade above 1.1001.


Res: 1.1059 1.1116 1.1158
Pivot: 1.1017
Sup: 1.0960 1.0918 1.0861
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