EURUSD
LONG TERM – BEARISH , MEDIUM TERM – BULL RANGE , SHORT TERM – STILL TRYING TO BASE
SUPPORT – .8860 (low), .8830 (50%Fib), .8825 (prev low), .8720 (61.8% Fib)
RESISTANCE -.8945 (trend line) .8980 (yest high) .9020 (wave overlap) .9140 (range high), .9245 (top
of congestion)
TRADE STRATEGY – Neutral.
USDCHF
LONG TERM – BULLISH , MEDIUM TERM - BULL RANGE, SHORT TERM – STILL HANGING IN HERE
SUPPORT – 1.6450 (wave overlap) 1.6400 (trendline)
RESISTANCE – 1.6645 (38.2%Fib) 1.6725 (wave projection) 1.6945 (50% Fib) 1.7105 (prev high)
TRADE STRATEGY – Neutral.
USDJPY
LONG TERM – BULLISH, MEDIUM TERM – WAVE 1 FINISHED?, SHORT TERM – STALLING, BEWARE DOWNSIDE
SUPPORT – 121.90 (major short term peak) 120.70 (larger prev 4th wave), 119.60 (50% Fib)
RESISTANCE – 123.15 ( expected correction peak) 124.25 (76.4% Fib)
TRADE STRATEGY – Sell at 122.55 risking 123.05 targeting 121.70.
GBPUSD
LONG TERM - BEARISH , MEDIUM TERM – BASE OF RANGE, SHORT TERM - BULLISH
SUPPORT – 1.4310 (wave 1 high) 1.4190 (low) 1.4125 (61.8% Fib)
RESISTANCE –1.4390 (61.8% Fib), 1.4405 (wave ‘a’ low)
TRADE STRATEGY – Buy at 1.4380 risking 1.4310 targeting 1.4480.
EURGBP
LONG TERM – BULLISH , MEDIUM TERM - BULL RANGE, SHORT TERM – BREAKDOWN
SUPPORT - .6200 (76% Fib) .6185/65 (Key support) .6070 (prev low)
RESISTANCE – .6235 (prev lows) .6300 (prev high) .6345 (prev high) .6365( Prev high)
TRADE STRATEGY – Sell at .6215 risking .6240 targeting .6160.
EURJPY
LONG/MEDIUM TERM – BULLISH , SHORT TERM – STILL IN RANGE
SUPPORT – 109.20 (trendline support) 108.60 (prev low)
RESISTANCE – 110.00 (62% Fib) 110.65/90 (key highs) 111.30 (Fib resis)
TRADE STRATEGY – Neutral.
EURCHF
LONG TERM - BEARISH ,MEDIUM TERM – BEAR RANGE, SHORT TERM – BULL RANGE
SUPPORT – 1.4725 (prev low, 38.2% Fib) 1.4695 (prior low) 1.4665 (50% Fib)
RESISTANCE – 1.4835 (recent high) 1.4900 (minor resis) 1.4930 (prev high)
TRADE STRATEGY – Neutral
AUDUSD
LONG TERM - BEARISH ,MEDIUM TERM – BEARISH , SHORT TERM – BEARISH RANGE
SUPPORT – .4980 (prev low and trendline) .4900 (76% Fib & prev low) .4850 (prev low)
RESISTANCE – .5020 (interim high) .5060 (prev low) .5245/55 (key resis) .5285 (congestion)
TRADE STRATEGY – Sell at .5020 risking .5050 targeting .4980.
USDCAD
LONG TERM – BULLISH , MEDIUM TERM – BEARISH/RANGE, SHORT TERM – NEUTRAL
SUPPORT – 1.5690 (recent low) 1.5650 (61.8% Fib) 1.5555 (prev low)
RESISTANCE – 1.5785 (Friday high) 1.5810 (high) 1.5845 (all time high) 1.4860 (minor resis) 1.5900
(pyschological)
TRADE STRATEGY – Neutral.