Sample Category Title

GOLD Stabilizing

Gold is stabilizing at 1325, expected to remain at that range in the short-term. Hourly support and resistance are given at 1300 (29/12/2017 low) and 1366 (25/01/2018 high).

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1'392 (17/03/2014) is required to confirm it. A major support can be found at 1'045 (05/02/2010 low).

BITCOIN Tumbling

Bitcoin bearish trend continues, trading below 8000 and heading for the 7400 range. Bitcoin bearish pattern started in March continues. The pair is contained between hourly support and resistance given at 6797 (06/02/2018 low) and 10232 (01/02/2018 high). The technical structure suggests short-term decrease.

In the long-term, the digital currency has had an exponential growth but also presented important downturns. There is decent likelihood that the currency could stabilize between 7'000 - 12'000 in 2018. Bitcoin is approaching its 200 DMA (7500 range).

EUR/CHF Bearish Consolidation

EUR/CHF is starting a bearish consolidation phase at 1.1780, heading along 1.1775. Hourly support and resistance are now given at 1.1599 (01/12/2017 low) and 1.1833 (15/01/2018 high). The short-term technical structure suggests short-term sideways trading moves.

In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB's slowing QE program is likely to cause buying pressures on the euro, which should weigh in favour of the EUR/CHF. Support can be found at 1.0234 (20/04/2015 low).

EUR/GBP Declining

EUR/GBP is declining following recent rise at 0.8769, approaching the 0.8750 range. Hourly support and resistance are given at 0.8652 (17/11/2017 low) and 0.8834 (14/12/2017 high). The technical structure suggests short-term decline.

In the long-term, the pair has largely recovered from 2015 lows. The technical structure suggests further upside pressure. Strong resistance can be found at 0.9500 (psychological level) while support remains at 0.8304 (05/12/2016 low). The pair is trading below its 200 DMA.

AUD/USD Increasing

AUD/USD is bouncing off from 0.7644 low, approaching the 0.7680 range. Hourly support and resistance are given at 0.7638 (15/12/2017 low) and 0.7810 (28/12/2017 high). The technical structure suggests short-term increase.

In the long-term, the upward trend slows down after failing to reach key resistance at 0.8164 (14/05/2015 low). Key support stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD Bullish Consolidation

USD/CAD is trading sideways, currently trading along the 1.2920 range. Hourly support and resistance remain at 1.2805 (12/03/2018 low) and 1.3308 (23/06/2017 high). The short-term technical structure suggests short-term sideways trading moves.

In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading above its 200 DMA

USD/CHF Trading Sideways

USD/CHF is starting a consolidation phase after reaching 0.9578 high and is expected to head along the 0.9570 range. The pair is contained between hourly support and resistance given at 0.9296 (05/02/2018 low) and 0.9668 (17/01/2018 high). The technical structure suggests further short-term bullish consolidating moves.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support lies at 0.9072 (07/05/2015 low) while resistance at 1.0344 (15/12/2016 high) is distanced. The technical structure favours a long term bullish bias since the unpeg in January 2015.

USD/JPY Increasing

USD/JPY is bouncing off from 106.40 low, approaching the 106.90 range. The bearish pattern started in January 2018 is maintained. The short-term technical structure suggests short-term increase.

We favor a long-term bearish bias. Support remains at 101.20 (09/11/2016 low). A gradual rise toward the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 101.20 (09/11/2016 low). The pair trades largely below its 200 DMA.

GBP/USD Weakening

GBP/USD continues decreasing from 1.42 high, approaching hourly support at 1.4023 (15/02/2018). The pair is expected to head along the 1.4035 range. The pair is contained between hourly support and resistance given at 1.4023 (15/02/2018 low) and 1.4278 (02/02/2018 high). The technical structure suggests short-term decrease.

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is moving to 2016 highs. Long-term support and resistance are given at 1.1841 (07/10/2017 low) and 1.5018 (24/06/2016 high).

EUR/USD Stabilized At The 1.2310 Range

EUR/USD sideways trading cycle starts back following recent decrease from 1.2476 high. Hourly support and resistance remain at 1.2165 (17/01/2018 low) and 1.2506 (25/01/2018 high). The technical structure suggests further shortterm sideways trading moves.

In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low).