AUDUSD Resistance: 0.9055 moderate / 0.9089 minor / 0.9112 moderate Support: 0.9000 psychological / 0.8971 moderate / 0.8942 minor Aussy saw a break of the congestion floor for the past five days following a weaker than expected read in GDP yesterday and speculations of a taper in the US resurfacing.
EURUSD Forecast The EURUSD regained its bullish momentum yesterday but still unable to move consistently above 1.3600 so far. Overall price is moving sideways without clear direction since Monday. The bias is bullish in nearest term especialy if price able to move consistently above 1.3600 testing 1.3750 – 1.3850.
GBPUSD Forecast The GBPUSD was indecisive yesterday. The bias is neutral in nearest term but overall, as long as stays above 1.6300, price is still in a bullish phase testing 1.6500. Immediate support is seen around 1.6340. Note that the shooting star bearish warning also remains valid and only a clear break above 1.
USDJPY Forecast The USDJPY was volatile but indecisive yesterday. The bias is neutral in nearest term, probably with a little bearish bias testing 101.60, but overall I still prefer a bullish scenario at this phase. Immediate resistance is seen around 102.70. A clear break above that area could trigger further bullish pressure testing 103.
USDCHF Forecast The USDCHF regained its bearish momentum yesterday bottomed at 0.9020. The bias is bearish in nearest term but note that we have a double bottom formation at 0.9020/18 which need to be clearly broken to the downside to continue the bearish scenario testing 0.
Gold Resistance: 1225.74 moderate / 1230.41 moderate / 1237.30 moderate Support: 1219.85 minor / 1215.29 moderate / 1207.46 moderate Gold saw a tight range Tuesday after the big sell-off at the start of the week. Daily indicators show stochastic pushing itno oversold levels while macd’s are just under their signal line heading lower beneath zero.
EURUSD Forecast The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.3525. The bias is neutral in nearest term probably with a little bearish bias testing 1.3500 – 1.3470. Immediate resistance is seen around 1.3560. A clear break above that area could trigger further bullish pressure testing 1.
GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.6442 but closed lower at 1.6354, formed a shooting star formation as you can see on my daily chart below. The bias remains bullish in nearest term and as long as stays above 1.
USDJPY Forecast The USDJPY continued its bullish momentum yesterday and hit 103.37 earlier today. The bias remains bullish in nearest term testing 103.75. Immediate support is seen around 102.80. A clear break below that area could lead price to neutral zone in nearest term but any downside pullback...
USDCHF Forecast The USDCHF was corrected higher yesterday and now struggling around the hourly EMA 200 as you can see on my hourly chart below. The bias is neutral in nearest term probably with a little bullish bias testing 0.9135/50. Immediate support is seen around 0.9070.