The  pair settled below the pivotal support found at 1.3760 with some downside pressures from  SMA 50 and some overbought signs from Stochastic. Those signs support our expectations of a downside movement  during this week ,where the main objective would be to retest the pivotal support 1.3330. It’s worth mentioning that if pair closes on the daily interval above the level 1.3760-1.3830, we expect the pair to visit the 1.4000 levels again.

The trading range for today is among the key support at 1.3330 and the key resistance at 1.4000.

The short term trend is to the upside as far as 1.3140 remains intact with targets at 1.5135.

Support 1.3660 1.3615 1.3570 1.3500 1.3440

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Resistance 1.3760 1.3830 1.3865 1.3900 1.3970

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Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.3760 targeting 1.3570 and stop loss above 1.3865, might be appropriate.

The sideway trading for the pound dollar pair continues to be between 1.5960 and 1.6185. However, there are negative signs from the Stochastic which emerged when the pair touched on Friday the resistance of its range. Thereby we favor a downside movement this week, still within the known range, where the pair may try to reach to the range’s short term support found at 1.5835, yet it is necessary to take into consideration that breaching the level 1.6185 and settling above it may weak the pair’s chances to achieve our proposed downside movement.

The trading range for today is among the key support at 1.5835 and the key resistance at 1.6345.

The short term trend is to the downside as far as 1.5610 remains intact with targets at 1.7000.

Support 1.6085 1.6000 1.5960 1.5900 1.5835

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Resistance 1.6185 1.6205 1.6295 1.6345 1.6400

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Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.6185 targeting 1.5960 and stop loss above 1.6295, might be appropriate.

The dollar yen pair managed to stabilize above the resistance of the downside channel which was previously broke, and which now is turning into a support found at 82.15. Yet, the pair now finds it difficult to extend its upside movement due to the resistance imposed by SMA 50, in addition to the negative signs aroused from the momentum indicators. This is what sustain our beliefs that we may witness some volatility and new tests to the resistance to the previously broke resistance before heading back to the upside this week, where the target is found at 84.00 and 85.20. Yet those level require settling above the 82.15 level on the daily basis.

The trading range for today is among the key support at 81.25 and the key resistance at 85.20.

The short term trend is to the downside as far as 91.55 remains intact with targets at 77.70.

Support 82.15 81.25 80.80 80.40 79.60

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Resistance 82.65 83.35 84.00 84.40 85.20

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Recommendation Based on the charts and explanations above our opinion is buying the pair around 82.15 targeting 84.00 and stop loss below 81.25, might be appropriate.

The dollar against the Swiss frank is targeting now the pivotal resistance found at 0.9810, which represents the level where the intraday ascending channel meets the neck line we mentioned in our previous reports. This move is accompanied by signs from the momentum indicators that show the pair in an overbought area, which may limit the downside movement. However settling above SMA 50 increase the pair’s chances to break the this level and open the way for an upside movement this week. The pair’s targets start at 1.0000 then further at 1.0300, yet its important to realize that for this scenario to be confirmed, the pair must first settle above 0.9810, while the level 0.9720 must remain intact if any downside movements occurs.

The trading range for today is among the key support at 0.9665 and the key resistance at 1.0300.

The short term trend is to the upside as far as 1.0235 remains intact with targets at 0.8000.

Support 0.9720 0.9665 0.9610 0.9580 0.9545

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Resistance 0.9810 0.9875 0.9915 0.9985 1.0025

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Recommendation Based on the charts and explanations above our opinion is buying the pair with 4 hours close above 0.9810 targeting 1.0000 and stop loss below 0.9720, might be appropriate

The US dollar versus the Canadian dollar settled above the resistance of the sideway trading range which was broke at 1.0090, which strengthens the bullish technical pattern that formed at this level. Stochastic is heading down trying to get rid of the negative momentum, yet SMA 50 is forming a support at the current levels, which determine us to believe we might witness an upside movement this week, targeting mainly the 1.0400 level, yet for it to be confirmed, the pair must settle above the 0.9980 on the intraday basis.

The trading range for today is among the key support at 0.9980 and the key resistance at 1.0400.

The short term trend is to the upside as far as 0.9925 remains intact with targets at 1.1485.

Support 1.0090 1.0030 0.9980 0.9955 0.9925

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Resistance 1.0150 1.0190 1.0220 1.0275 1.0345

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Recommendation Based on the charts and explanations above our opinion is buying the pair around 1.0090 targeting 1.0400 and stop loss below 0.9980, might be appropriate.