Sample Category Title

Daily Pivots: (S1) 0.9295; (P) 0.9320; (R1) 0.9353; More....

Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 0.9380 should confirm that fall from 0.9459 has completed with three wave down to 0.9193. Such development will revive near term bullishness and turn bias back to the upside for 0.9459 and then 0.9471 resistance. On the downside, below 0.9280 minor support will turn bias to the downside for 0.9193 support next.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that whole down trend form 1.0342 (2016 high), has completed with waves down to 0.8756. A medium term up trend should be set up to target 1.0237/0342 resistance zone.

Daily Pivots: (S1) 124.86; (P) 125.31; (R1) 125.85; More...

Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 124.66 minor support will bring deeper pull back to 4 hour 55 EMA (now at 123.97) and possibly below. But downside should be contained above 121.27 support to bring another rally. On the upside, sustained break of 125.85 will pave the way to 130.04 long term projection level next.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 0.7405; (P) 0.7449; (R1) 0.7499; More...

Intraday bias in AUD/USD is turned neutral with current recovery. On the downside, below 0.7398 will resume the fall from 0.7660. On the upside, above 0.7518 minor resistance will turn bias back to the upside for 0.7660. Firm break there will resume larger rise from 0.6991 to retest 0.8006 high.

In the bigger picture, correction from 0.8006 could have completed at 0.6966, after drawing support from 0.6991. That is, up trend from 0.5506 (2020 low) might be ready to resume. Firm break of 0.8006 will target 61.8% projection of 0.5506 to 0.8006 from 0.6966 at 0.8511 next. This will remain the favored case as long as 0.7164 support holds.

Daily Pivots: (S1) 1.2596; (P) 1.2629; (R1) 1.2676; More...

Intraday bias in USD/CAD remains mildly on the upside as rebound from 1.2401 is in progress. Sustained trading above 55 day EMA (now at 1.2629) will bring further rally to upper side of recent range at 1.2963. On the downside, though, below below 1.2561 minor support will turn bias back to the downside for 1.2401 support again.

In the bigger picture, focus stays on 38.2% retracement of 1.4667 (2020 high) to 1.2005 (2021 low) at 1.3022. Sustained break there should confirm that the down trend from 1.4667 has completed after defending 1.2061 long term cluster support. Further rise would then be seen towards 61.8% retracement at 1.3650. However, rejection by 1.3022 will maintain medium term bearishness. Break of 1.2005 will resume the down trend from 1.4667 and that carries larger bearish implications too.

Daily Pivots: (S1) 162.68; (P) 163.16; (R1) 163.51; More...

Intraday bias in GBP/JPY remains neutral as consolidation from 164.61 is still extending. Further rally is expected with 158.04 support intact. On the upside, break of 164.61 will resume larger up trend to long term fibonacci level at 167.93. However, firm break of 158.19 will turn bias to the downside and bring deeper pull back.

In the bigger picture, up trend from 123.94 (2020 low) is still in progress, and notable support from 55 week EMA affirms medium term bullishness. Next target is 61.8% retracement of 195.86 (2015 high) to 122.75 (2016 low) at 167.93. Sustained break there will be a long term bullish signal. This will now remain the favored case as long as 150.95 support holds.

Daily Pivots: (S1) 135.33; (P) 135.99; (R1) 136.44; More....

Intraday bias in EUR/JPY remains neutral as consolidation from 137.50 is still extending. Further rise is expected with 133.70 support intact. On the upside, sustained break of 137.49 resistance will resume larger up trend for 144.06 projection level next. However, firm break of 133.70 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Sustained break of 137.49 (2018 high) will resume larger pattern from 109.30 (2016 low). Next target will be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now remain bullish as long as 124.37 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.8312; (P) 0.8336; (R1) 0.8353; More...

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the downside, break of 0.8294 will argue that rebound from 0.8201 has completed at 0.8511, and revive near term bearishness. Intraday bias will be back on the downside for retesting 0.8201 low. On the upside, however, break of 0.8511 will reaffirm that 0.8201 is a medium term bottom, and target 0.8697 medium term fibonacci level next.

In the bigger picture, a medium term bottom should be in place at 0.8201, on bullish convergence condition in daily and weekly MACD. Rise from there could either be a correction to the down trend from 0.9499 (2020 high), or a medium term up trend itself. In either case, further rise should be seen to 38.2% retracement of 0.9499 to 0.8201 at 0.8697. Sustained break there will target 61.8% retracement at 0.9003. This will remain the favored case as long as 0.8294 support holds.

Daily Pivots: (S1) 1.4446; (P) 1.4567; (R1) 1.4648; More...

Intraday bias in EUR/AUD remains neutral and outlook stays bearish with 1.4940 resistance intact. On the downside, break of 1.4318 will resume larger down trend to 1.3624 long term support next. On the upside, however, firm break of 1.4940 will indicate short term bottoming and turn bias back to the upside for 1.5327 resistance instead.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

DXY:

Price is approaching major resistance at the 100.49 area which is in line with a 161.8 Fibonacci extension and a -27% Fibonacci expansion. It is worth noting that there is a strong bearish divergence here with RSI suggesting that a possible bearish reversal might occur. Intermediate support is at 100.00 big fig which was a previous major resistance-turned-support. If this intermediate support is broken, then the next key support level is at 99.37 which is a pullback support level.

Areas of consideration:

• H4 time frame, 1st resistance at 100.49
• H4 time frame, intermediate support at 100.00 big figure
• H4 time frame, 1st support at 99.37

XAU/USD (GOLD):

Price is in-between two major levels, the resistance at 1976 which has a strong Fibonacci confluence and the support at 1956 which is a pullback support level that lines up with the 23.6% Fibonacci retracement. If price breaks out of the 1st resistance, the next key resistance is at 2016 which happens to line up with the 161.8 Fibonacci extension too. If price breaks the 1st support level, the next key support would be down at 1893 which is a swing low support where price bounced from multiple times.

Areas of consideration:

• H4 time frame, 1st Resistance at 1976.7
• H4 time frame, 2nd Resistance at 2016
• H4 time frame, 1st Support at 1956
• H4 time frame, 2nd Support at 1893

GBP/USD:

On the H4 timeframe, we expect to see a potential for bearish dip from 1st resistance level of 1.30497 in line with 61.8% Fibonacci projection towards the 2nd support level of 1.29005 in line with Fibonacci confluence (61.8% Fibonacci projection, 127.2% Fibonacci extension and -61.8% fibonacci expansion). Alternatively, price might potentially bounce from our 1st support level of 1.30009 in line with 138.2% Fibonacci extension and -27.2% Fibonacci expansion towards the 2nd resistance level of 1.31574 in line with a graphical overlap resistance. We have a neutral bias as we are waiting for price confirmation.

Areas of consideration:

• H4 1st resistance at 1.30497
• H4 2nd resistance at 1.31574
• H4 1st support at 1.30009
• H4 2nd support at 1.29005

USD/CHF:

On the H4, prices are on bearish momentum. We see the potential for bearish dip from our 1st resistance at 0.93377 in line with 61.8% FIbonacci retracement towards our 1st support at 0.92883 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at resistance level.

Areas of consideration

• 1st support level at 0.92883
• 1st resistance level at 0.93377
• 2nd resistance level at 0.93760

EUR/USD :

On the H4 timeframe, price is near a key pivot. We see the potential for a bullish bounce from our 1st support level of 1.08070 in line with 161.8% Fibonacci extension towards our 1st resistance level of 1.09381 in line with a graphical pullback resistance. Our bullish bias is supported by the stochastic indicator whereby price is trading at support level.

Areas of consideration :

• H4 1st resistance at 1.09381
• H4 1st support at 1.08070
• H4 2nd support at 1.06413

USD/JPY:

Price is testing major resistance at 125.85 which happens to be the all-time-high since 2015. There is both a 127% Fibonacci extension and a strong bearish divergence vs RSI that is at that level, suggesting that there could be a possible bearish reversal. We can see an ascending support line that is squeezing prices against the 1st resistance along with the 1st support area at 125.07 which also lines up with a 23% Fibonacci retracement. If price breaks the ascending support and 1st support area, we could see prices drop towards the 2nd support at 123.45.

Areas of consideration:

• H4 time frame, 1st resistance at 125.85
• H4 time frame, 1st support at 125.07
• H4 time frame, 2nd support at 123.45

AUD/USD:

On the H4 timeframe, we see the potential for a bullish continuation from our 1st support level at 0.74272 in line with 50% Fibonacci retracement towards our 1st resistance level at 0.75338 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where price is trading at support level.

Areas of consideration

• H4 1st resistance at 0.75338
• H4 1st support at 0.74272
• H4 2nd support at 0.73633

NZD/USD:

On the H4, we expect to see a potential for a bullish continuation from our 1st support of 0.68001 in line with the 78.6% fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level at 0.69853 in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where price is at support level.

Areas of consideration:

• H4 time frame, 1st support at 0.68001
• H4 time frame, 2nd support at 0.67308
• H4 time frame, 1st resistance at 0.69853

USD/CAD:

Price is seeing a 1st support level at 1.2564 which is an overlap support area along with a 38.2% Fibonacci retracement. Prices have crossed the Ichimoku cloud suggesting that there might be a resumption of some bullish momentum to take it up to the 1st resistance level at 1.2692 which is a pullback resistance that lines up with the 61.8% Fibonacci retracement.

Areas of consideration:

• H4 time frame, 1st resistance at 1.2692
• H4 time frame, 1st support at 1.2564

OIL:

Oil has broken out of a descending resistance-turned-support along with a resistance-turned-support level at 98.24, suggesting that there might be a potential bullish recovery towards 1st resistance at 105.17 which is a swing high resistance along with a major 50% Fibonacci retracement level. If price breaks below the 1st support, the next key support level is at 93.53 which has seen prices bounce off twice in the past.

Areas of consideration:

• H4 time frame, 1st resistance of 105.17
• H4 time frame, 1st support of 98.24
• H4 time frame, 2nd support at 93.53

Dow Jones Industrial Average:

Price is seeing an overlap support level at 34174 which also lines up with the 38.2% Fibonacci retracement. The Ichimoku cloud is above prices and there is a descending resistance line that is also pushing it down and squeezing it against the 1st support level. If prices break the 1st support level, the next key support level is at the 33436 area which is a pullback support along with a major 61.8% Fibonacci retracement.

Areas of consideration :

• H4 time frame, 1st resistance at 34960
• H4 time frame, 1st support at 34174
• H4 time frame, 2nd support at 33436

Daily Pivots: (S1) 1.0074; (P) 1.0115; (R1) 1.0141; More....

Intraday bias in EUR/CHF remains on the downside as fall from 1.0400 is extending. As noted before, rebound from 0.9970 could have completed already. Deeper fall is now expected to retest 0.9970 low. Decisive break there will resume larger down trend. On the upside, however, break of 1.0204 minor resistance will turn bias back to the upside for 1.0400 resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.