Weekly Outlook on FX Crosses

We are still supporting the USD Bears , we pick EURUSD ,USDCHF and all the other pairs except JPY.

Economic Release : A slew of Economic Indicators are out from most countries , RBA Interest Rate Decision and UK NIESR GDP Estimate on Tue , BOE Quarterly Inflation Report on Wed, BOJ Interest Rate Decision ,AUS Unemployment Rate and ECB Monthly Report on Thu , RBA Monetary Policy Statement , GER Consumer Price Index , CAD Unemployment on Fri are the most important data's for this Week.

USD was broadly weak against all the crosses except JPY and we expect this to continue for another Week , coming to the first trading Week of the Month, EUR/USD closed above the Open and mildly pulled away from the low ,we believe a temporary low has been seen ,we expect the Bulls to gain control at least for the next one to two weeks and the Oscillators and the MA are supporting the Bulls . We believe the Bulls can march towards 12485/12525-65/12645 /12735 levels before the next push down. The Bulls may halt in any one of these levels before a pullback lower and Bulls must protect 12285-20 levels at all times. The Bulls looks very strong we believe they may only halt at 12485/12525 levels before we see any pullback.

GBP/USD closed below the Open but pulled away from the Low ,we believe a temporary low has been seen but still in a Range until it cracks 15785 level ,we expect the Bulls to gain control at least for the next one to two weeks and the Oscillators and MA are supporting the Bulls. We believe the Bulls can march towards 15915-75/16010-75/16165 levels before the next push down. The Bulls may halt in any one of these levels before a pullback lower and Bulls must protect 15595-20 levels at all times. The Bulls looks strong but they may weaken near the 15735-85 levels for a pullback.

USD/JPY closed Unchanged but mildly away from the low ,we believe a Range Trading is expected until the breakout ,the Oscillators are Mixed and MA are supporting the Bears. We believe the Bulls may attempt higher and must protect 7790-15 levels at all times. USDCHF closed mildly below the Open but pulled away from the high, we believe a temporary high has been seen ,we expect the Bears to gain control at least for the next one to two weeks and the Oscillators and the MA are supporting the Bears. We believe the Bears can march towards 9625/9580-25/9485-30 levels before the next push up. The Bears may halt in any one of these levels before the next push higher and Bears must protect 9840/9900 levels at all times. The Bears looks very strong and we may see 9635/9585-25 levels before any pullback.

AUD/USD closed well above the Open and near the high ,we believe that the AUD is out of all the Barriers ,we expect the Bulls to gain control at least for the next one to two weeks and the Oscillators and the MA are supporting the Bulls . We believe the Bulls can march towards 10580/10640-80/10735-75/10850 levels before the next push down. The Bulls may halt in any one of these levels before a pullback lower and Bulls must protect 10495-35 levels at all times. The Bulls quite strong and we may see 10615-45-80 levels before any pullback .

USD/CAD closed mildly below the Open ,we believe a temporary high has been seen ,we expect the Bears to gain control at least for the next one to two weeks and the Oscillators and the MA are Mixed so Cautious approach is needed but still favour the Bears . We believe the Bears can march towards 9935/9800/9700 levels before the next push up. The Bears may halt in any one of these levels before the next push higher and Bears must protect 10085/10125 levels at all times.

Spot Gold closed below the Open but mildly away from the low and within Range ,we believe that the Bulls may struggle near 16400/16555/16625 levels but they may dominate at least for the next one to two weeks and the Oscillators and the MA are supporting the Bulls . We believe the Bulls can march towards 16365/ 16625/16745/16875 levels before the next push down. The Bulls may halt in any one of these levels before a pullback lower and Bulls must protect 15840/15680 levels at all times.

NZD/USD closed well above the Open and near the high ,we believe that the NZD is out of all the Barriers ,we expect the Bulls to gain control at least for the next one to two weeks and the Oscillators and the MA are supporting the Bulls . We believe the Bulls can march towards 8245/8350/8430-65/8525 levels before the next push down. The Bulls may halt in any one of these levels before a pullback lower and Bulls must protect 8125/8065 levels at all times. The Bulls looks very strong and we believe that we may see 8245/8325-50 levels before any pullback.

USD/SGD closed below the Open and near the low ,we expect the Bears to gain control at least for the next one to two weeks and the Oscillators and the MA are supporting the Bears. We believe the Bears can march towards 12345/12265-25/12175-05 levels before the next push up. The Bears may halt in any one of these levels before the next push higher and Bears must protect 12465/12525 levels at all times. The Bears looks very strong and we believe that we may see 12345-25 levels before any retracement.

The Accuracy of the Long Term View may vary from the Weekly Projected Levels, so it is better to Pay attention to the Daily Report for more scrutinized view. Good Luck and Happy trading for the Week .