cad
Trading is near resistance levels alongside technical indicators signaling for a fall stronger than that on Friday. From here we expect the pair to decline at any moment today as it is being overbought and as it starts to create a new bearish trend.
The trading range is seen among 1.0030 support levels and 1.0280 resistance levels.
The general trend is to the dowside as far as 1.0570 remains intact with targets at 0.9720 and 0.9305
| Support | 1.0170 | 1.0120 | 1.0100 | 1.0050 | 1.0030 |
| Resistance | 1.0194 | 1.0225 | 1.0250 | 1.0280 | 1.0330 |
| Recommendation | Sell the pair below 1.0160 with targets at 1.0090 and perhaps 1.0030 and stop loss above 1.0225 | ||||
chf
The pair seems to be undergoing a lot of downside pressure but it still holds strong to the upside. We expect to witness the pair decline but not for long as it currently faces many resistances alongside being overbought. On the short-term, we might witness the pair inclining first before reversing to the downside to gather bearish momentum around the 1.0400 level.
The trading range is seen among 1.0220 support levels and 1.0500 resistance levels.
The general trend is to the upside as far as 1.0010 remains intact with targets at 1.0725 and 1.0860
| Support | 1.0360 | 1.0315 | 1.0285 | 1.0260 | 1.0220 |
| Resistance | 1.0375 | 1.0400 | 1.0435 | 1.0460 | 1.0500 |
| Recommendation | Sell the pair below 1.0400 with targets at 1.0315 and maybe 1.0285 and stop loss above 1.0460 | ||||
jpy
The pair isn't stable now that it is currently being trading near the 108 psychological barrier alongside the existance of other resistance levels. From another point of view, support levels have proven effective as they were able to reverse the pair to the upside everytime it fell. Trading will remain within pretty wide ranges until the pair can build a solid base above the 108.00 or return below the 106.90. As for today, we expect the pair to slightly decline in correctional movements as technical indicators show the definite need for a correction as the pair is near the 108 level.
The trading range is seen among 106.15 support levels and 108.80 resistance levels.
The general trend is to the upside as far as 103.00 remains intact with targets at 109.90 and 113.24
| Support | 107.45 | 106.90 | 106.40 | 106.15 | 105.90 |
| Resistance | 108.00 | 108.35 | 108.40 | 108.80 | 109.30 |
| Recommendation | Sell the pair below 108.00 with targets at 107.45 and maybe 106.90 and stop loss above 108.4 | ||||
gbp
Trading remains up to this moment above the 38.2% correctional level where the key support to the upside channel is near that level and the pair is being oversold as different momentum indicators show. We expect the pair to incline even if it wasn't for long as the support levels are strong helping the pair maintain enough momentum to trade above 1.9845. The trend of the pair remains positive and to the upside
The trading range is seen among 1.9685 support levels and 2.0100 resistance levels.
The general trend is to the downside as far as 2.0460 remains intact with targets at 1.9267 and 1.9053
| Support | 1.9845 | 1.9820 | 1.9785 | 1.9740 | 1.9685 |
| Resistance | 1.9890 | 1.9905 | 1.9960 | 1.9980 | 2.0020 |
| Recommendation | Buy the pair above 1.9860 with targets at 1.9950 and stop loss below 1.978 | ||||
euro
The currency was able now to build a solid base above the 50% correctional level but it seems like today it is trading below the 1.5705 level. If the pair returns above the mentioned a level, an upside wave will be initiated but a possible correction to test the support levels is valid as momentum indicators show the pair slightly being overbought.
The trading range is seen among 1.5575 support levels and 1.5840 resistance levels.
The general trend is to the upside as far as 1.4900 remains intact with targets at 1.6178 and 1.6405
| Support | 1.5680 | 1.5660 | 1.5635 | 1.5605 | 1.5575 |
| Resistance | 1.5740 | 1.5780 | 1.5810 | 1.5840 | 1.5900 |
| Recommendation | .. | ||||