AUDUSD, WEEKLY

TECHNICAL ANALYSIS

The momentum/speed on the upswing marked 2 is much weaker compared to the previous upswing momentum marked 1. This gives the pair a bearish bias. Close below blue trendline marked B can lead price into the previous major support zone around 0.71068 marked S. Close above R disqualifies the setup.

NZDUSD, WEEKLY

TECHNICAL ANALYSIS

The pair gave off a quick sell for more than a month after a strong reaction from the R resistance zone showed by rejection of prices indicated by the pin bar.

The price is now reacting to previous support zone held by trendline X. Close below X can lead price into support zone around 0.68975 marked T. Close below T may lead price into the S zone around 0.66220. Close above R disqualifies the setup.

XAUUSD, H4

SHORT TERM TECHNICAL ANALYSIS

Gold is now reacting to a previous support zone also marked by a 21 Simple Moving Average on the 4-hour chart. Close below trendline T can lead price into support zone marked S around 1250.472. Close above resistance R around 1274.655 disqualifies the setup.

EURGBP,H4

SHORT TERM TECHNICAL ANALYSIS

The pair is now reacting to a small pink trendline support marked X and a 21 Simple moving average support. Close below X can lead price into immediate support zone marked P around 0.85593. Close below P may lead price into around  0.85218 support zone marked S. Close above R disqualifies the setup.

NZDCHF DAILY

TECHNICAL ANALYSIS

 The pair has continuously reacted off the resistance zone around 0.72235 marked R. It is now reacting to a 21 Simple Moving Average support. Close below the pink trendline marked X can lead price into support zone around 0.70027 marked A which is the same zone as the pink trendline T. Close below T may lead price into the larger support zone marked P around 0.66987

NZDCAD,H4

SHORT TERM TECHNICAL ANALYSIS

The price is now reacting to a 21 Simple Moving Average support. A close below the blue trendline T can lead price into support zone around 0.94880 marked S. 

EURUSD, WEEKLY 

TECHNICAL ANALYSIS

The price is now reacting to the red 21 Simple Moving Average support zone. A close below the moving average can lead price into the purple trendline support marked T. Close below T can lead price into support zone around 1.05480 marked S. Close below S can lead to resumption of the larger down trend. Close above R disqualifies the setup