EURUSD

During yesterday trades the pair failed to break the resistance level 1.3643 which represents 23.6% correction level for the bearish direction ( from 1.4281 to 1.3446 ) which led to form a confusion area under this level that reflects the accompanied volatility for the last intraday trades, despite of this confusion area; the expectations refer to break the mentioned resistance level, then the pair will continue rising to reach the target of the bearish channel which was broken up and also which is located at the level 1.3765 which represents 38.2% correction level for the same bearish direction.

This expectation depends on the stability of the support level 1.3550.
.

Res. 1.3697 1.3753 1.3839
Pivot 1.3611
Sup. 1.3555 1.3469 1.3413




USDCHF

The pair is still in the bullish direction that started at the level 0.9551, the pair now is retesting the support level 0.9912 which represents 38.2% correction level for the last bearish wave for the long period then it will rise to test the resistance point at the level 0.9977 which was tested previously at the level 0.9998 but it was not able to hold above it, but if the pair now is able to hold this time, it will target the resistance level 1.0052 which represents 50.0%.

And if the pair couldn’t hold and broke this level, it will target the support level 0.9775.


RES. 1.0019 1.0080 1.0162
Pivot 0.9937
Sup. 0.9876 0.9794 0.9733




USDCAD

The pair is still moving inside a bullish channel which was formed for the short period, where the pair formed a new bullish bottom at the support level 1.0155 which pushed the pair up to retest the nearest resistance levels. the pair formed a top at the level 1.0220 which the pair used to push down during the last intraday trades, if this bearish movement continued; the pair will retest again the support level 1.0155 which is expected to be coincide with the bottom for the bullish channel, if the pair is able to break these levels; it will continue falling at the support level 1.0070, in case of the stability for the support level 1.0155 with the stability of the bottom line for the bullish channel move; it's expected that the level 1.0220 will be retested again which with breaking it the pair will continue rising until the level 1.0280.


Res. 1.0240 1.0290 1.0332
Pivot 1.0198
Sup. 1.0148 1.0106 1.0056





AUDUSD

As expected in yesterday's report, the pair rose to the level 0.9898 which represents 38.2% correction level for the bearish move from ( 1.0182 to 0.9723 ) where the pair formed a top at this level that pushed it down to retest the nearest support levels and this bearish move for the last intraday trades is expected to form the right shoulder for the head and shoulders pattern which is the reflective pattern for the bearish direction and this pattern is a complete for the positive signs which is formed on the pair , which refers that the pair will rise during the next trades, breaking the resistance level 0.9898 with breaking the neck line for the pattern which is mentioned in the chart; the pair will continue rising till the target area for the pattern, which is located between the level 1.0074 that represents 76.4% correction level for the same mentioned bearish direction and the resistance level 1.0100.
This expectation depends on the stability of the support level 0.9810.


Res. 0.9938 0.9980 1.0056
Pivot 0.9862
Sup.0.9820 0.9744 0.9702





Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

During the last week trades, Euro rose against the U.S Dollar for the third consecutive day, at the beginning of the current week trades, Euro formed a bullish gap which confirms the strength of the corrective bullish movement for the bearish direction (from 1.4281 to 1.3446), through the previous reports it is was mentioned that, the pair is targeting the level 1.3765 which represents 38.2% correction level for the mentioned bearish direction, which represents also the target of the broken-up bearish channel, and that what was confirmed during the last trades by reaching the mentioned level, it is expected that, in case of breaking this level, the pair will continue rising targeting the level 1.4084 which represents 76.4% correction for the same bearish direction, but under the condition of breaking the levels 1.3864 and 1.3962 which represent 50% and 61.8% correction levels for the same bearish direction.

The stability of these expectations depends on the stability of the support level 1.3640.

Res. 1.3737 1.3795 1.3860
Pivot 1.3672
Sup. 1.3614 1.3549 1.3491


GBPUSD

The pair ended the last week trades falling, at the last Friday, although the pair gained last Thursday.
At this chart, a harmonic pattern appeared at the forming stage, and now is forming the last wave (CD) for the pattern, and it is supposed for the end of this wave to be locate around the area between the resistance level 1.6190 and the level 1.6270, so, it is expected, during the intraday trades of today, that the pair will rise targeting these levels, this target will be confirmed after breaking the resistance level 0.6080 which represents the B point which the pair fell from it during Friday trades.

The stability of these expectations depends on the stability of the support level 1.5930.

RES. 1.6072 1.6162 1.6231
Pivot 1.6003
Sup. 1.5913 1.5844 1.5754



USDCHF

The direction of the pair for the short period is bullish, and forming a gartly positive pattern is noticed, this pattern refers to the possibility of reflecting the pair down as a corrective reflection for the bullish direction for the short period but after the pattern complete forming, which supposed to be completed by reaching the probable reflection area for the D point that ends the pattern and located in the area located between the resistance level 1.0015 and the level 1.0055. so, the price should be observed when reach this area, though, the appearance of any positive signals means a beginning of a correction bullish direction to target the support level 0.9825 as the first target of this correction movement and that also coincides with the bottom line of the pitchfork bullish channel.


RES. 0.9982 1.0050 1.0104
Pivot 0.9928
Sup. 0.9860 0.9806 0.9738


USDCAD

With the opening for this week trades, the pair registered a bearish price gap that made the pair able to break the bottom line for the bullish channel for the short period and also enables the pair to break the support level 1.0155 to give more strength for the next bearish move for the pair which is expected to be seen for the pair during the next trades, where the pair is tending to fall targeting the level 1.0065 which is located at 23.6 % correction level for the bearish direction ( from 1.0373 to 0.9978 ) which was broken up before and also which represents the target for the broken channel.

This expectation depends on the stability of the resistance level 1.0220.


Res. 1.0222 1.0264 1.0295
Pivot 1.0191
Sup. 1.0149 1.0118 1.0075



AUDUSD

As expected in the last week report that the pair was forming the right shoulder for head and shoulders reflecting pattern, where the pair completed this shoulder during the last trades, then the pair rose up breaking the neck line for the pattern, in this trades the pair is trying to confirm breaking this line, confirming this breaking means a further rise to reach the target for the pattern which is expected to be between the level 1.0074 which represents 76.4% correction level for the bearish direction ( from 1.0182 to 0.9723 ) and the resistance level 1.0100.

This expectation depends on the stability of the support level 0.9810.


Res. 0.9908 0.9957 1.0004
Pivot 0.9861
Sup. 0.9812 0.9765 0.9716



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Yesterday, the pair failed to break the resistance level 1.3765 which represents 38.2% correction for the bearish direction (from 1.4281 to 1.3446) to form a top at this level and used it to fall and retest the nearest support levels, this level as said before also represents the target of the broken up bearish channel.
During the last trades, the pair faced a support level at 1.3575 and succeeded to stop the falling till now, and if the pair succeeded to be stable, it is expected that, the pair will rise again to reach the level 1.3765 which with its breaking, it is expected that will face the level 1.3864, which represents 50% correction for the same bearish direction. But breaking the level 1.3575 means falling for the pair again to reach the level 1.3446, which with its breaking; the pair will continue falling to reach the level 1.3370.


Res. 1.3748 1.3870 1.3956
Pivot 1.3662
Sup. 1.3540 1.3454 1.3332


GBPUSD

As it was not expected yesterday Against yesterday’s expectations , the pair failed to rise, since it was not able to break the resistance level 1.6075 from which the pair reflected down to reach the support level 1.5795, the pair is still testing this level till now.
This movement confirms that, the pair tending to fall whereas, the pair formed a bearish channel for the short period through the trades of the last two weeks and also the current week, so that, during today trades it is expected that, the pair will fall but after breaking the support level 1.5895 to target then the support level 1.5805 which represents 76.4%correction for the last bullish wave, and also coincides with the bottom line of the bearish channel.
The stability of these expectations depends on the stability of the resistance level 1.6075

RES. 1.6058 1.6162 1.6243
Pivot 1.5978
Sup. 1.5873 1.5794 1.5688



USDCHF

The direction of the pair is bullish for the short period, and it is noticed that, a negative harmonic pattern that is Garttly has been formed and refers to the possibility of reflecting the pair down as a corrective direction for the bullish direction for the short period but after the complete forming of the pattern which is supposed to be completed by reaching the probably reflection area for the D point the end of the pattern and which is located between the resistance level 1.0055 and the level 1.0085, so, the price must be observed when reaching this area because the appearance of any positive signals means a beginning of a downward correction movement to target the support level 0.9825.
So that, it is expected that, the pair will rise up targeting the resistance level 1.0055 but after breaking the resistance level 0.9970 which the pair tried to break it and failed during yesterday trades, and what supports these expectations is the negative divergence with the stochastic index under the chart.
The stability of these expectations depends on the stability of the support level 0.9870.


RES. 0.9932 0.9969 0.9997
Pivot 0.9904
Sup. 0.9867 0.9836 0.9802


USDCAD

During yesterday trades, the pair faced a good support at the level 1.0129 which represents 38.2% correction level for the bearish direction ( from 1.0373 to 0.9978 ) which was broken up previously, where the pair formed at it a bottom that used it to rise again to retest the bottom line for the bullish channel which was broken down. if this bullish move continued till the next trades, it's expected that the bearish trend line for the short period will be faced with breaking it up and also breaking the resistance level 1.0222; that means rising to the level 1.0373 again, but if the pair didn't succeed in breaking these levels; it's expected that there will be a bearish move again to the level 1.0129 which with its breaking the pair will continue falling to the support level 1.0065.


Res. 1.0229 1.0274 1.0328
Pivot 1.0171
Sup. 1.0130 1.0075 1.0031



AUDUSD


During yesterday trades the pair didn't succeed on breaking the level 0.9952 which represents 50% correction level for the bearish direction ( from 1.0182 to 0.9723 ) to form a top at this level that pushed it down to retest the nearest support levels, where the pair is trading now near the support level 0.9810. Breaking this level will push down the pair to the level 0.9723, but if a new bottom is formed at this level; it’s expected that the pair will rise again to the resistance level 0.9952.



Res. 0.9952 1.0018 1.0083
Pivot 0.9887
Sup. 0.9821 0.9756 0.9690



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The new American data released yesterday boosted the U.S Dollar against the European currency, whereas, the pair was able to break the support level 1.3575 to continue falling to reach the support level 1.3445 which has been broken, the pair also reached the lowest price at the level 1.3360 yesterday. Through yesterday report, it is noticed that, breaking the support level 1.3445 will push the pair falling down to reach the level 1.3370, now the pair is trading above the level 1.3353 which represents 127% continuous level for the bullish wave (from 1.3445 to 1.3785) at which, the pitchfork medium line coincides that was formed for the same bullish wave. The stability of this area gives the possibility of rising the pair to retest the level 1.3445 which became a resistance level, and if the pair was able to break it up, it will continue rising to reach the level 1.3575, but if the pair was able to break the support level 1.3353 with breaking down the pitchfork medium line, it will continue falling to reach the support level 1.3235 which represents 161.8% continuous level for the same mentioned bullish wave, and this is what expected for the upcoming trades but under the condition of confirming breaking the mentioned support levels.

Res. 1.3548 1.3726 1.3819
Pivot 1.3454
Sup. 1.3275 1.3182 1.3003



GBPUSD

As it was expected yesterday, indeed, the pair declined breaking the level 1.5895, reaching the support level 1.5805 to test it. today, the pair is confirming forming a harmonic pattern AB=CD and is in its way to finish the pattern by finishing the CD wave, this pattern is confirmed by breaking the support level 1.5840 and now the pair is retesting this level to continue falling for the short period and the intraday levels for today, targeting the support level 1.5685 which represents 161%continuous level for the BC wave and the end of the pattern which will be ended by reaching the pair to the D point, this point supposed to be in the area between the level 1.5685 and the support level 1.5635.

The stability of these expectations depends on the stability of the resistance level 1.5840.


RES. 1.5906 1.6038 1.6112
Pivot 1.5832
Sup. 1.5700 1.5626 1.5494



USDCHF

The direction of the pair is bullish for the short period, and it is noticed that, a negative Gartly harmonic pattern has been formed and refers to the possibility of reflecting the pair down as a corrective direction for the bullish direction for the short period but after the complete forming of the pattern which is supposed to be completed by reaching the probably reflection area for the D point (the end of the pattern) and which is located between the resistance level 1.0055 and the level 1.0085, so, the price must be observed when reaching this area because the appearance of any positive signals means a beginning of a downward correction movement to target the support level 0.9825.
So, it is expected that, the pair will rise up targeting the resistance level 1.0055 but after breaking the resistance level 0.9970 which the pair tried to break it and failed during yesterday trades, and what supports these expectations is the negative divergence with the stochastic index under the chart.
The stability of these expectations depends on the stability of the support level 0.9870.
Yesterday analysis is still remaining till now.


RES. 1.0017 1.0060 1.0144
Pivot 0.9933
Sup. 0.9890 0.9806 0.9763




USDCAD

As expected in yesterday's report that the pair has completed rising till the bearish trend line for the long period where the pair formed a top on the limits of the trend line, and this top coincides with the resistance level 1.00255 which formed at it a previous top during the last trades for the short period, forming double consecutive tops at the same level gives a probability of forming a reflective bullish pattern for the short period, and this pattern is the double consecutive tops where the base of the pattern at the support level 1.0129 which represents 38.2% correction level for the bearish direction ( from 1.0373 to 0.9978 ) which was broken up before, breaking this level downward will push the pair down at 1.0000 which represents the target for the pattern.
This expectation depends on the stability of the resistance level 1.0255.


Res. 1.0284 1.0322 1.0381
Pivot 1.0225
Sup. 1.0187 1.0128 1.0091



AUDUSD


During yesterday trades the pair was able to break the support level 0.9810 to continue falling until the level 0.9723 and this is what was expected in yesterday's report. during the last intraday trades it's noticed of forming a new bottom at the level 0.9723 which is the second consecutive bottom at the same level given by, this a probability of forming a reflective pattern for the bearish direction, for the short and medium periods, which is the double consecutive pattern; the top of this pattern is at the resistance level 0.9952 which represents 50% correction level for the bearish direction (from 1.0182 to 0.9723 ). to make sure of this pattern, the level 0.9810 must be broken which became a resistance level after breaking it down, breaking this level means rising again until the level 0.9952 which with breaking it up the pair will continue rising to the price target for the pattern.
This expectation depends on the stability of the support level 0.9723.


Res. 0.9838 0.9954 1.0018
Pivot 0.9773
Sup. 0.9657 0.9592 0.9476



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

During yesterday trades, the pair achieved a new low price at the level 1.3284; the pair did not reach this level since four months ago, after reaching this level, trades were extremely volatile between rising and falling in narrow trades. Some of positive signals that is reflecting the bearish direction for the short and medium periods are noticed, one of them is the positive divergence reflecting the bearish direction where it is noticed that, the movement of the pair is bearish with the bullish movement of the RSI index which gives the possibility of rising the pair for the short period in order to retest the level 1.3445 which with its breaking up, more rising is expected to reach the level 1.3575. This bullish movement depends on the stability of the levels 1.3284 and 1.3235 which represents 161.8 % continuous level for the bullish wave (from 1.3445 to 1.3785) because breaking this area means the falling of the pair to reach the next support level 1.3105.

Res. 1.3408 1.3482 1.3544
Pivot 1.3345
Sup. 1.3275 1.3210 1.3136 .



GBPUSD

As it was expected yesterday, indeed, the pair declined breaking the level 1.5895, reaching the support level 1.5805 to test it, today, the pair is confirming forming a harmonic pattern AB=CD and is in its way to finish the pattern by finishing the CD wave, this pattern is confirmed by breaking the support level 1.5840 and now the pair is retesting this level to continue falling for the short period and the intraday levels for today, targeting the support level 1.5685 which represents 161%continuous level for the BC wave and the end of the pattern which will be ended by reaching the pair to the D point, this point supposed to be in the area between the level 1.5685 and the support level 1.5635.
The stability of these expectations depends on the stability of the resistance level 1.5840.

Yesterday analysis is still remaining till now


RES. 1.5824 1.5878 1.5920
Pivot 1.5782
Sup. 1.5728 1.5686 1.5632



USDCHF

The direction of the pair is bullish for the short period, and it is noticed that, a negative Gartly harmonic pattern has been formed and refers to the possibility of reflecting the pair down as a corrective direction for the bullish direction for the short period but after the complete forming of the pattern which is supposed to be completed by reaching the probably reflection area for the D point the end of the pattern and which is located between the resistance level 1.0055 and the level 1.0085, so, the price must be observed when reaching this area because the appearance of any positive signals means a beginning of a downward correction movement to target the support level 0.9825.
So that, it is expected that, the pair will rise up targeting the resistance level 1.0055 but after breaking the resistance level 0.9970 which the pair tried to break it and failed during yesterday trades, and what supports these expectations is the negative divergence with the stochastic index under the chart.
The stability of these expectations depends on the stability of the support level 0.9870.

Yesterday analysis is still remaining till now



RES. 0.9999 1.0040 1.0090
Pivot 0.9949
Sup. 0.9908 0.9856 0.9817



USDCAD

The pair was able to break the support level 1.0129 during the last intraday trades, which represents the base of a reflecting pattern that reflects the directions (the double consecutive tops) which was mentioned in the previous report; it’s expected a further drop during the next trades until the area; at 1.0000 which represents the target for the pattern.
This expectation depends on the stability of the resistance level 1.0176.

Res. 1.0197 1.0296 1.0349
Pivot 1.0144
Sup. 1.0045 0.9992 0.9893



AUDUSD


The pair used the stability of the support level 0.9723 to rise again during the last intraday trades, where the pair formed bullish bottoms in a consecutive form; forming a bullish trend as what mentioned in the chart, if the pair is able to hold this bullish trend it will continue rising to the resistance level 0.9850 which with breaking it the pair will continue rising to the top of the reflecting pattern ( the double consecutive bottoms ) at the resistance level 0.9952 breaking the resistance level 0.9850 will represent a strong signal for the pattern.
This expectation depends on the stability of the support level 0.9723.

Res. 0.9872 0.9928 1.0005
Pivot 0.9795
Sup. 0.9739 0.9662 0.9606


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD


Yesterday trades were in a narrow range between the support level 1.3284 and the level 1.3385, these narrow range reflects the forming of the momentum that the pair will use it to determine the next trades direction, if the pair responded to the positive signals of reflecting the bearish direction for the short and medium period, one of which is the positive divergence that reflects the direction, the level 1.3284 will be stable against any bearish for the pair then rising to reach the level 1.3385 which with its breaking, the pair will continue rising to reach the 1.3445 which also with its breaking up, the pair is expected to reach the level 1.3575, but if the pair succeeded to break the support level 1.3284, it will fall to reach the support level 1.3235 which represents 161.8% continuous level for the bullish wave (from 1.3445 to 1.3785) at which, price may coincide with the medium Pitchfork line, if the pair succeeded to break this area, it will continue falling to reach the support level 1.3105.

Res. 1.3408 1.3444 1.3502
Pivot 1.3344
Sup. 1.3302 1.3244 1.3203



GBPUSD


Yesterday, the pair continued the bearish direction for the short period inside a bearish channel and also forming a harmonic pattern AB=CD which supposed to be completed by reaching the D point which located between the support level 1.5680 and the level 1.5635, so that, during the next trades it is expected that, the pair will rise in order to target this area.

The stability of these expectations depends on the stability of the resistance level 1.5805.


RES. 1.5793 1.5827 1.5861
Pivot 1.5759
Sup. 1.5725 1.5691 1.5657



USDCHF

The direction of the pair is bullish for the short period, and it is noticed that, a negative Gartley harmonic pattern has been formed and refers to the possibility of reflecting the pair down as a corrective direction for the bullish direction for the short period but after the complete forming of the pattern which is supposed to be completed by reaching the probably reflection area for the D point (the end of the pattern) and which is located between the resistance level 1.0055 and the level 1.0085, so, the price must be observed when reaching this area because the appearance of any positive signals means the beginning of a downward correction movement to target the support level 0.9825.
So that, it is expected that, the pair will rise up targeting the resistance level 1.0055 but after breaking the resistance level 0.9970 which the pair tried to break it and failed during yesterday trades, and what supports these expectations is the negative divergence with the stochastic index under the chart.
The stability of these expectations depends on the stability of the support level 0.9870.

Yesterday analysis is still remaining till now


RES. 1.0036 1.0066 1.0112
Pivot 0.9990
Sup. 0.9960 0.9914 0.9884




USDCAD

During yesterday trades, the pair formed a bottom around the support level 1.0071, whereas, the pair failed to continue the expected falling reaching the level 1.0000, during the current trades, the pair is trying to retest the level 1.0129 which represents the base of the pattern (double bottoms) that has been broken down previously. If the pair succeeded to break this level up, it will rise again to reach the level 1.0176 which with its breaking up, the pair will continue rising to reach the bearish trend line for the long period. It is expected that, testing the trend line may coincides with the resistance level 1.0222, if the pair failed to break the resistance level 1.0129, it will fall to achieve the target of the pattern at the level 1.0000.


Res. 1.0118 1.0144 1.0165
Pivot 1.0097
Sup. 1.0071 1.0050 1.0024



AUDUSD

The pair failed to break the resistance level 0.9580 during yesterday trades, to fall from this level to retest the nearest support levels, the pair broke the bullish trend line for the short periods and is trying to confirm the breaking of the support level 0.9723 during the current trades, this level represents the (B) point for the (AB=CD) harmonic pattern which the pair is tending to form, and the © point represented by the resistance level 0.9850.
Generally, it is expected that the pair will continue falling in order to form the rib (CD) that suppose to be around the level 0.9600 representing the expected (D) point.
This bearish scenario requires the stability of the resistance level 0.9850.


Res. 0.9851 0.9894 0.9939
Pivot 0.9806
Sup. 0.9763 0.9718 0.9675



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

European debt crisis still controls the trades of the pair during the last medium period, whereas, the European currency achieved a lower price against the U.S dollar with each statement that includes the failure of the negotiations about resolving the European debt crisis. Through the last week report it was mentioned that, the pair will continue falling once breaking the level 1.3284 and this what is confirmed already and the pair continued falling to reach the support level 1.3235 which represents 161.8% continuous level for the bullish wave (from 1.3445 to 1.3785), with the beginning of this week trades, the pair formed a bullish gap with approaching resolving the Irish financial problems, but the pair returned back and covered the whole gap and achieved a lower price at the level 1.3185. with noticing the price movement and the movement of the RSI index, it will be clear that, the positive divergence that reflects the direction is still continuous till now, so, during the upcoming trades with the new European good news it is expected that, the pair will use the formed bottom at the level 1.3185 to rise again in order to retest the resistance level 1.3284 which with its breaking, the pair will continue rising to reach the resistance level 1.3445 which expected to be coincides with the Pitchfork top line.
The stability of these expectations needs the stability of the support level 1.3185.

Res. 1.3340 1.3432 1.3502
Pivot 1.3270
Sup. 1.3178 1.3108 1.3016



GBPUSD

As it was expected, the pair continued falling during the whole trades of the end of the last week to reach the support level 1.5580 to test it which represents 200% continuous level, this level is still stable against the pair testing till now, it is expected that, the bearish direction will continue for the short period, but it will be a corrective reflection for this bearish movement during the intraday trades of today targeting the resistance level 1.5685, if the pair was able to break this level up, then, it will target the resistance level 1.5770.
So that, any bearish operations are not recommended until breaking the support level 1.5580 in order to target the support level 1.5430.

RES. 1.5714 1.5839 1.5908
Pivot 1.5645
Sup. 1.5520 1.5451 1.5326



USDCHF

As expected for the pair during last week trades, it was able to target the price for the last wave of the formed harmonic pattern, at the end of the last week trades the pair has retested the resistance level 1.0055 this level is still stabled till this moment which is reflected down expecting for it to continue falling to have a correction move for the bullish wave targeting to retest the support level 0.9970 during the intra day trades.


RES. 1.0059 1.0091 1.0128
Pivot 1.0022
Sup. 0.9990 0.9954 0.9921



USDCAD

The pair is still unable to break the bearish trend line for the long period till this moment, so the pair is most likely in the bearish direction, in case of continuing the trades under the bearish trend line, it's expected during the next trades that the support level 1.0176 will be retested which with breaking it down the pair will continue falling till the next support level at 1.0129.

This expectation depends on the stability of the resistance level 1.0245.


Res. 1.0271 1.0339 1.0432
Pivot 1.0178
Sup. 1.0110 1.0017 0.9949



AUDUSD

As expected in last week report, the harmonic pattern AB=CD is completed by reaching the level 0.9600 which represents the ( D ) point and this pattern is a positive pattern which means that the next trades will be shown as a reflective up. The pair is to retest the nearest resistance levels, one from it is the resistance level 0.9723 which with breaking it up means rising again to the resistance level 0.9850 but this bullish expectation depends on the stability of the ( D ) point level at the level 0.9600 because of breaking this level down means that the pair will continue forming the bearish direction for the medium period.

Res. 0.9768 0.9894 0.9971
Pivot 0.9690
Sup. 0.9565 0.9487 0.9362




Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The European currency continued falling against the U.S dollar, whereas, euro registered the lowest price through the last 9 weeks at the level 1.3065 during yesterday trades against the American dollar, the European news came with failure to the Irish debt rescue plan pushing the pair with more falling, breaking the support level 1.3185 to continue forming the bearish directions for the short and medium periods. as it is noticed through this chart, the pair now is forming the bearish (CD) rip for a harmonic pattern (AB=CD), whereas, the (BC) rip is at 38.2% correction level for the (AB) rip so, it is expected that, the (CD) rip will be completed at 261.8%continuous level for the ( BC) rip. So it is expected with breaking the level 1.3065, the pair will continue falling to reach the (D) point area which completes the pattern and is located between the support level 1.2945 and the level 1.2900 which represents 261.8%.

The stability of these expectations depends on the stability of the resistance level 1.3280.

Res. 1.3133 1.3201 1.3117
Pivot 1.3217
Sup. 1.3148 1.3108 1.3016



GBPUSD

The level 1.5580 couldn’t hold against the pair breaking yesterday, the pair was able to break it down forming a harmonic pattern AB=CD, in this case, the CD wave is probably an extended wave, so more falling is expected during today’s trades targeting the support level 1.5430 but under the condition of continuing the trades under the resistance level 1.5580.


RES. 1.5636 1.5701 1.5756
Pivot 1.5581
Sup. 1.5520 1.5461 1.5396



USDCHF

As it was expected yesterday, the pair succeeded to reach the support level 0.9970 to test it, which is still stable against the price till now, if the pair was able to break this level, it will immediately target the support level 0.9870 to test it, but if the level 0.9970 held, the pair may rise targeting the resistance level 1.0055 to move during today's intraday trades in sideways movement.


RES. 1.0035 1.0069 1.0092
Pivot 1.0012
Sup. 0.9978 0.9954 0.9921



USDCAD

The pair is still unable to break the bearish trend line for the long period till this moment, where yesterday trades were confined between the bearish trend line and the support level 1.0176, so that; one of these levels must be broken to determine the next trades direction, if the bearish trend line has been breached with breaking the resistance level 1.0245 the pair will continue rising to the level 1.0340 and in case of breaking the support level 1.0176, it's expected that the pair will decline till the level 1.0129 which with breaking it; means falling till the support level 1.0071.

Res. 1.0238 1.0295 1.0332
Pivot 1.0201
Sup. 1.0144 1.0107 1.0050



AUDUSD

The last intraday trades for the pair were confined between the resistance level 0.9660 and the support level 0.9600, and this small range reflects forming the momentum which the pair will use to form the next trades direction which is expected to be bullish after targeting the bearish price for the positive harmonic pattern by reaching the support level 0.9600, therefore it's expected with breaking the resistance level 0.9660 that the pair will continue rising till the level 0.9723 which with breaking it up the pair will target up the level 0.9831.
This expectation depends on the stability of the support level 0.9600.


Res. 0.9696 0.9762 0.9827
Pivot 0.9631
Sup. 0.9565 0.9500 0.9434



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The European currency continued falling against the U.S dollar, whereas, during yesterday trades, euro registered the lowest price against the U.S dollar in the past 11 weeks at the level 1.2965 When reaching this level, the pair formed a bottom that the pair used it to rise during the last trades, it is noticed that, the level 1.2965 is around the target of the harmonic pattern which is expected to be completed at the (D) point which represents the area between the level 1.2954 and the level 1.2900 that represents 261.8% continuous level for the (BC) rip. Will the pair satisfy this falling by reaching the level 1.2965? Or, will form a lower bottom at the (D) point? This is what will be answered through the upcoming trades. If the support level 1.2965 continued holding, it is expected that, the pair will continue rising during the upcoming trades in order to retest the nearest resistance levels, one of which is the level 1.3110 and the level 1.3180.


Res. 1.3100 1.3215 1.3280
Pivot 1.3034
Sup. 1.2918 1.2853 1.2737



GBPUSD

As it was expected yesterday, the pair fell but it was unable to reach the support level 1.5430 as it was expected through this bearish movement, now, the pair reflected up after registering the lowest price at the level 1.5483 and with this reflection, the pair reached the resistance level 1.5580 to test it, if this level held against the pair testing, the pair will continue falling targeting the support level 1.5430.
But in the case of good closing above the resistance level 1.5580 that means the pair will target the resistance level 1.5685 during the upcoming intraday trades, to close today's trades bullishly.


RES. 1.5606 1.5658 1.5721
Pivot 1.5546
Sup. 1.5497 1.5434 1.5386



USDCHF

Yesterday, the pair tried to break the support level 0.99702 where it could skip this level but failed to close below it, this is what pushed the pair up again testing the resistance level 1.0055 which still holds till now, and the movement of the pair during the short period trades is a sideways one between the resistance level 1.0055 and the support level 0.9970 to form a confusion area between those levels, breaking each of them supports the breaking direction.


RES. 1.0075 1.0118 1.0192
Pivot 1.0001
Sup. 0.9959 0.9884 0.9842



USDCAD

After several attempts, the pair was able to break the bearish trend line for the long period, and it also was able to break the resistance level 1.0245 marking the beginning of forming a new bullish direction for the short period, where the pair continued rising till the level 1.0280 which represents 76.4% correction level for the bearish direction ( from 1.0373 to 0.9987 ), the pair formed a top at this level to fall from it during the last intraday trades to retest the nearest resistance levels and forming a bullish bottom that will use it to rise trying to break the level 1.0280 which with breaking it up expected to rise till the level 1.0340, it's expected that the forming of the bullish bottom is between the level 1.0245 and the level 1.0220.
This expectation depends on the stability of the support level 1.0220.

Res. 1.0308 1.0353 1.0421
Pivot 1.0239
Sup. 1.0194 1.0127 1.0060




AUDUSD

During the last trades for the short period, some positive reflective signals appeared which caused a reflection for the bearish direction that dominants the pair. one of these signals for the reflective pattern ( bearish wedge ) and also the appearance of a positive divergence which will reflect the next direction from the RSI index, the pair is trying to break the upper limit for the bearish wedge to begin forming a corrective bullish direction for the short period, if breaking the upper limit is confirmed, the pair will continue rising till the target price for this pattern, and it's expected that it will be at the confined resistance area between the level 0.9697 which represents 38.2% correction level for the bearish direction ( from 0.9954 to 0.9538 ) and the resistance level 0.9720.
This expectation depends on the stability of the support level 0.9538.


Res. 0.9646 0.9711 0.9763
Pivot 0.9595
Sup. 0.9533 0.9481 0.9418



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Yesterday trades saw the rise of the European currency against the American dollar; this rising reflects the investors' optimism toward the most risky and high-yielding currency, this rising also reflects the confirmation of yesterday’s mentioned expectations. the pair may be satisfied with its declining till the level 1.2965, reaching the target of the pattern AB=CD which was supposed to be completed at the point (D) which represents the area between the levels 1.2945 and 1.2900 which represents 261.8% continuous level for the rip (BC). The pair rose till reaching the 1.3159 which represents 23.6% correction level for the bearish direction (from 1.3785 to 1.2965), forming a top from which the pair declined to form a bottom that the pair will use to rise breaking this level targeting the level 1.3278 which represents 38.2% correction level for the same mentioned bearish direction.


Res. 1.3222 1.3306 1.3432
Pivot 1.3096
Sup. 1.3014 1.2886 1.2802



GBPUSD

Yesterday, the pair reflected after the support level 1.5505 held against the pair testing, correcting its bearish movement that remained during the last week trades, now, the pair is in the forming stage of a reflective pattern for the bearish direction and it is an inverted head and shoulders pattern. as it is noticed through this chart, the neck line of this pattern represents the resistance level 1.5645, so, during the upcoming trades, if the pair succeeded to break this level with a good close above it, the pair will rise targeting to the target of the formed pattern that is testing the resistance level 1.5810.

The stability of these expectations depends on the stability of the support level 1.5505.


RES. 1.5662 1.5701 1.5762
Pivot 1.5604
Sup. 1.5562 1.5504 1.5462



USDCHF

Through the last two past days, the pair traded in a sideways direction with a little rising up, forming a reflective pattern for the direction which is a bullish wedge that refers to the weakness of the buying strength. It is expected that, the pair will fall down but under the condition of breaking the support level 0.9970 in order to target the support levels 0.9890 then 0.9765. And what confirms these expectations is forming the harmonic pattern AB=CD which with its completing by the complete forming of the CD wave, it is supposed to reflect down. And it is noticed that the target of the CD wave was the resistance level 1.0055 which held against the pair testing during the last two days. This confirms the expectation of the corrective down reflection of the pair for the medium period and the bearish direction during this day's trades.


RES. 1.0064 1.0105 1.0144
Pivot 1.0025
Sup. 0.9984 0.9945 0.9904



USDCAD

The pair Failed to be stable above the bearish trend line for the long period which was broken up before during the last trades for the short period and also the level 1.0220 failed to stop the bearish move which was pushed from the formed top at the level 1.0280 which represents 76.4% correction level for the bearish direction ( from 1.0373 to 0.9978 ), all these negative indicators confirms the tending of the pair to continue falling, after breaking the support level 1.0176 the pair is to continue falling during the intraday trades targeting the support level 1.0129 which in case of breaking it down the pair will target the bearish move to reach the level 1.0071.
This expectation depends on the stability of the resistance level 1.0220.

Res. 1.0246 1.0323 1.0375
Pivot 1.0194
Sup. 1.0117 1.0065 0.9988



AUDUSD

As expected in yesterday trades report, the pair was able to break the upper limit for the bearish wedge to continue rising targeting the confined area between the level 0.9697 which represents 38.2% correction level for the bearish direction ( from 0.9954 to 0.9538 ) and the resistance level 0.9720 and this area represents the price target for the pattern and that which has been already achieved where the pair formed a top at the level 0.9697 that pushed it down to retest the nearest support levels to form a bullish bottom where the pair use it to continue rising targeting the retest for the bearish trend line for the medium period which is expected to coincide with the resistance level 0.9720, breaking this area means the pair tending to correct the bearish direction for the medium period, forming a bullish correction direction for the short period targeting initially the level 0.9856 which represents 76.4% correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 0.9610.


Res. 0.9740 0.9798 0.9899
Pivot 0.9639
Sup. 0.9581 0.9480 0.9422



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Yesterday trades saw the rise of the European currency against the American dollar for two consecutive days; this rising reflects the investors' optimism toward the most risky and high-yielding currency, this rising made the pair able to break the level 1.3159 which represents 23.6% correction level for the bearish direction (from 1.3785 to 1.2965) to continue rising targeting the level 1.3278 which represents 38.2% correction level for the same bearish direction, and it is expected to reach this level during the upcoming trades with the reference to that, the pair will continue rising in order to test the trend line which connect the (A) point with the (B) point for the positive harmonic pattern AB=CD which is expected to coincide with the resistance level 1.3375 which represents 50% correction level for the same mentioned bearish direction.

The stability of these expectations requires the stability of the support level 1.3060.



Res. 1.3282 1.3356 1.3472
Pivot 1.3172
Sup. 1.3097 1.2986 1.2911



GBPUSD


Yesterday, the pair failed to break the resistance level 1.5650 from which the pair reflected down to reach the support level 1.5505 in order to test it, to form a sideway channel pattern between those levels, and with the expectations of more rising for the pair during today's trades but under the condition of breaking the resistance level 1.5650 with a good close above it, if the pair succeeded in this, it will target testing the resistance level 1.5800.

This expectation depends on the stability of the support level 1.5505.

RES. 1.5672 1.5748 1.5829
Pivot 1.5592
Sup. 1.5517 1.5436 1.5362



USDCHF

Through the last two days, the pair traded in a sideways direction with a little rising up, forming a reflective pattern for the direction which is a bullish wedge that refers to the weakness of the buying strength. It is expected that, the pair will fall down but under the condition of breaking the support level 0.9970 in order to target the support levels 0.9890 then 0.9765. And what confirms these expectations is forming the harmonic pattern AB=CD which with its completing by the complete forming of the CD wave, it is supposed to reflect down. And it is noticed that the target of the CD wave was the resistance level 1.0055 which held against the pair testing during the last two days. This confirms the expectation of the corrective down reflection of the pair for the medium period and the bearish direction during this day's trades.
Yesterday analysis is still remaining till now



RES. 1.0064 1.0105 1.0144
Pivot 0.9957
Sup. 0.9859 0.9794 0.9694



USDCAD

The pair continued the bearish move during yesterday trades where it was able to broke the support level 1.0129 to reach the next support level 1.0071 which was mentioned before in yesterday report. the pair didn't stop it's movement by reaching this level but it continued falling down until it achieved the lowest price at the level 1.0025, it's expected that the level 1.0025 came to coincide with the pitchfork medium line which is graphed on the bullish wave ( from 0.9978 to 1.0280 ) to give the probability of forming a bearish bottom, if this bottom is completed by the stability of the level 1.0028 it's expected that the pair will retest the nearest resistance level which are the levels 1.0071 and 1.0129 which is expected in case of completion this scenario, a bearish top will be formed at these levels which will push down the pair again to retest the level 1.0025 which in case of breaking it at any time means falling till the support level 0.9978.
This expectation depends on the stability of the resistance level 1.0129.


Res. 1.0133 1.0242 1.0296
Pivot 1.0079
Sup. 0.9970 0.9916 0.9807



AUDUSD

As noticed in the chart, the pair was able to break the bearish trend line for the medium period and also was able to break the resistance level 0.9720 to rise and reach the level 0.9784 which represents 38.2 correction level for the bearish direction ( from 1.0182 to 0.9538 ) the pair is trading now at the level 0.9784 expecting breaking it up, the pair will continue rising targeting to break the bearish trend line at the level 0.9936 which represents 61.8% correction level for the same bearish direction. To reach this price target; the resistance level 0.9860 must be broken.
This expectation depends on the stability of the support level 0.9690


Res. 0.9822 0.9877 0.9976
Pivot 0.9723
Sup. 0.9668 0.9569 0.9514


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The negative American data released at the end of the last week supported the rising of the European currency, as it was expected for this rising, the pair rose till reached the level 1.3375 which represents 50% correction level for the bearish direction (from 1.3785 to 1.2965) at which the price coincided with the bearish trend line which matches the (A) point with the © for the positive harmonic pattern AB=CD, the pair wasnt satisfied with reaching this level, but registered the highest price through the end of the last week trades at the level 1.2425 around the resistance level 1.3445, which represents the (B) point, if the buying strength still controls the trades of the pair, breaking the level 1.3445 is expected, whereas, the pair then will target to reach the level 1.2591, and these expectations are the most likely to happen during the upcoming trades.

The stability of these expectations requires the stability of the support level 0.3245.


Res. 1.3504 1.3582 1.3738
Pivot 1.3348
Sup. 1.3270 1.3114 1.3036


GBPUSD


During the end of the last week trades, the pair succeeded to break the resistance level 1.5650 as it was expected, reaching around the target at the level 1.5800 which was mentioned before, where recorded the highest price at the level 1.5787 and closed around this level, this is what supports the expectations of more rising during the intraday trades of today but under the condition of breaking the level 1.5800 up, in order to target then the resistance level 1.5860 which represents 61.8% correction level for the last bearish wave for the medium period then, it will target the resistance level 1.5945 which represents 76.4% of the same previous levels.
The stability of these expectations requires the stability of the support level 1.5650.


RES. 1.5852 1.5923 1.6058
Pivot 1.5716
Sup. 1.5645 1.5509 1.5436



USDCHF

As it was expected previously, the pair declined at the end of the last week trades till reached the mentioned target at the support level 0.9765, and it is the target of the bullish wedge which was formed on the movement of the pair for the medium period trades, whereas, the declining of the pair was strong, so, it is expected that, the pair will continue declining for the intraday levels of today targeting the support level 0.9610 but under the condition of breaking the support level 0.9695 which represents 61.8% correction level for the bullish wave (AD) for the medium period.

The stability of these expectations requires the stability of the resistance level 0.9890


RES. 0.9877 1.0024 1.0095
Pivot 0.9804
Sup. 0.9658 0.9585 0.9439


USDCAD


The pair is still trading till now above the support area which is a result of coinciding the level 1.0025 with the pitchfork midline that formed on the bullish wave ( from 0.9978 to 1.0280 ) if the stability of this area is continued; it's expected that the pair will rise until the level 1.0129 but in case of breaking the resistance level 1.0071 and this bullish move is intended to search on forming a bearish top will force the pair to return again for falling to reach the target price for the short period at the support level 0.9978 which expected reaching it in case of breaking the support level 1.0025 and also breaking the pitchfork midline.


Res. 1.0070 1.0113 1.0146
Pivot 1.0037
Sup. 0.9994 0.9961 0.9918



AUDUSD

As expected in the last week report that the pair has completed rising till the level 0.9936 which represents 61.8% correction level for the bearish direction ( from 1.0182 to 0.9538 ) and this level represents the target price from breaking the mentioned bearish trend line, it's expected for the next trades a further rise provided of breaking the level 0.9936 then reaching the level 1.0030 which represents 76.4% correction level for the same mentioned bearish direction.

This expectation depends on the stability of the support level 0.9785.


Res. 0.9999 1.0066 1.0196
Pivot 0.9869
Sup. 0.9802 0.9672 0.9605


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD


The European currency fell against the US dollar during yesterday trades, this falling was a try to form a bullish bottom that is considered a part of a corrective bullish movement and the pair is forming it through the last short period and the continuation of this forming is expected during the upcoming trades. The formed bullish bottom is at the level 1.3245 which its importance had mentioned through yesterday report. The pair used the formed bottom through the last intraday trades to rise whereas, it is expected that, the pair will rise till reaching the resistance area between the level 1.3445 which represents the (B) point for the harmonic pattern and the level 1.3372 which represents 50% correction level for the bearish direction (from 1.3785 to 1.2965). Breaking up this area is important to continue the corrective bullish direction then the pair will rise targeting the level 1.3591.

The stability of these expectations requires the stability of the support level 1.3245.

Res. 1.3404 1.3500 1.3578
Pivot 1.3324
Sup. 1.3230 1.3149 1.3053


GBPUSD


Yesterday, the pair did not succeed to break the resistance level 1.5800 which still stable till now, the pair reflected retesting the support level 1.5650, and with the stability of this level against the pair testing, returns the expectations of more rising for the pair but a bullish positions are not recommended until breaking the resistance level 1.5800 to target then the level 1.5860 which represents 61.8% correction level for the last bearish wave for the medium period then the resistance level 1.5950.

The stability of these expectations requires the stability of the support level 1.5650.

RES. 1.5772 1.5834 1.5894
Pivot 1.5714
Sup. 1.5645 1.5594 1.5534



USDCHF

As it was expected previously, the pair declined at the end of the last week trades till reached the mentioned target at the support level 0.9765, and it is the target of the bullish wedge which was formed on the movement of the pair for the medium period trades, whereas, the declining of the pair was strong, so, it is expected that, the pair will continue declining for the intraday levels of today targeting the support level 0.9610 but under the condition of breaking the support level 0.9695 which represents 61.8% correction level for the bullish wave (AD) for the medium period.

The stability of these expectations requires the stability of the resistance level 0.9890.

Yesterday analysis is still remaining till now.

RES. 0.9885 0.9954 1.0034
Pivot 0.9805
Sup. 0.9736 0.9656 0.9587


USDCAD


As noticed in the chart, the pair has formed a continuous harmonic pattern which is the bearish flag, this pattern came to support the bearish dominant direction on the pair for the short period, it's expected that with breaking the lower limit for the pattern and with breaking the support level 1.00025 that the pair will continue falling till the support level 0.9978 which breaking it down is important to the pair to use on achieving the target price for the pattern at the level 0.9896 which represents 127% continuous level for the bullish direction ( from 0.9978 to 1.0286 ) at the same time.

This expectation depends on the stability of the resistance level 1.0080.

Res. 1.0086 1.0115 1.0147
Pivot 1.0054
Sup. 1.0025 0.9993 0.9964


AUDUSD

The pair’s last intraday trades was confined between the resistance level 0.9936 and the support level 0.9860 and this narrow trading range came to reflect collecting the momentum price which the pair will use to continuing rising and continuing forming the bullish correction direction for the short period, where from the expected with breaking the resistance level 0.9936 that the pair will continue rising till the level 1.0030 which represents 76.4% correction level for the bearish direction ( from 1.0182 to 0.9538 ).
This expectation depends on the stability of the support level 0.9860.


Res. 0.9932 0.9967 1.0006
Pivot 0.9891
Sup. 0.9856 0.9815 0.9780


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD


Euro declines for the second consecutive day against the U.S dollar; this declining was due to the support of the Irish bad news. On the contrast, the U.S dollar rose after releasing the statements by U.S. President Barack Obama, who reported the approval of the U.S. administration to extend tax cuts for two years. It is noticed through the chart that, the pair broke the bullish trend line that was formed for the short period, also the support level 1.3245 has been broken, so, the pair declined during the last intraday trades. Now, the pair is in its way to test the level 1.3198 which represents 50% correction level for the bullish direction (from 1.2965 to 1.3427). breaking this level is important to continue declining till reaching the level 1.3077 which represents the target for breaking the bullish trend line for the short period, the stability of the level 1.3198 could give the probability of forming a positive harmonic pattern which means rising again for the pair in order to re-test the resistance levels 1.3245 and 1.3319.

Res. 1.3354 1.3448 1.3496
Pivot 1.3306
Sup. 1.3212 1.3164 1.3070


GBPUSD


Yesterday, the pair did not succeed to break the resistance level 1.5800, where tried to test it yesterday and succeeded to close above it where recorded the highest price at 1.5821 and failed to be stable then reflected back downwards till now breaking the bullish trend line for the short period and the intraday trades and the support level 1.5740 which represents 23.6% correction level for the last bullish wave for the short period, it is expected that the pair will continue falling during the intraday trades of today targeting the support level 1.5565 which represents 76.4% correction level.

The stability of this expectation depends on the stability of the resistance level 1.5740.

RES. 1.5817 1.5878 1.5934
Pivot 1.5760
Sup. 1.5699 1.5642 1.5581


USDCHF

Yesterday, the pair rose breaking the resistance level 0.9855 forming a harmonic pattern Gartley in the early forming stage and the end of the pattern is supposed to be with the end of the CD wave which is supposed to be between the resistance level 0.9950 and the level 0.9977, so, it is expected that, the pair will rise for the intraday levels targeting this area and that a down corrective reflection will occur just hitting this area but under the condition of the appearance of a negative signals for the pair, this vision will be confirmed by breaking the resistance level 0.9905 that the pair is testing now.
The stability of these expectations depends on the stability of the support level 0.9850.


RES. 0.9920 0.9960 1.0048
Pivot 0.9838
Sup. 0.9792 0.9710 0.9664


USDCAD


Although the pair has broke the bottom line for the bearish flag pattern, the pair didn't achieve a good close under the support level 1.0025 which was previously mentioned the importance of this level to continue falling, therefore it's found for the pair to rise again using the formed bottom at this level to break up the resistance level 1.0080, the pair is on it's way to target the resistance level 1.0145 which represents 50% correction level for the bearish direction ( from 1.0286 to 1.0004 ) breaking this level is important for the pair to continue the expected rising till the level 1.0219
The failing to break the level 1.0145 means falling again to retest the level 1.0080 which represents an important level for the pair; for the short period.

Res. 1.0162 1.0201 1.0276
Pivot 1.0087
Sup. 1.0048 0.9973 0.9934


AUDUSD

The U.S dollar returned again to rise facing the AUD dollar, where the pair didn't trade a lot yesterday above the resistance level 0.9936 but the pair was pushed down till the support level 0.9860 which was not able to hold for long against this falling, and the pair was able to break this level down to continue falling. the pair is trading at the support level 0.9784 which represents 38.2% correction level for the bearish direction ( from 1.0182 to 0.9690 ) and the previously broken up, breaking this level down again means targeting the pair to the next support level at 0.9690.
This expectation depends on the stability of the resistance level 0.9860.


Res. 0.9919 1.0012 1.0060
Pivot 0.9871
Sup. 0.9778 0.9730 0.9637


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

As it was expected through yesterday report, the probability of forming a positive harmonic pattern (AB=CD) has been achieved, this pattern was completed at the level 1.3198 which represents 50% Fibonacci retracement level for the bullish direction (from 1.2969 to 1.3427), the pair formed a bottom at this level and used it to push rising till now. it is expected that, the pair will continue rising till reach the bearish trend line which matches the (A) point with the (B) point, at which the price is expected to coincide with the resistance level 1.3377 which represents 50% Fibonacci retracement level for the bearish direction (from 1.3785 to 1.2969). If the pair was able to break this area, it will continue rising till reach the resistance level 1.3427 which represents the (B) point for a Gartley negative harmonic pattern that is still in the forming stage and that will be confirmed with breaking this resistance. The rib (BC) represents 50% Fibonacci retracement level for the rib (AB). so, it is expected that, this pattern will be confirmed with reaching the (D) point which is located between the level 1.3592 which represents 76.4% Fibonacci retracement level for the rib (XA), and the level 1.3655 which represents 200% Fibonacci continuous level for the rib (BC).
The stability of these expectations requires the stability of the © point which represents the support level 1.3198.

Res. 1.3301 1.3340 1.3401
Pivot 1.3240
Sup. 1.3201 1.3140 1.3101



GBPUSD

Yesterday, the pair succeeded to reflect its direction and rose for the short period after hitting the resistance level 1.5675 which represents 23.6% Fibonacci retracement level for the last bearish medium-term wave, and reflected up to close above the resistance level 1.5790 which represents 38.2% Fibonacci retracement level and more rising is expected for the pair during the upcoming trades targeting the resistance level 1.5985 which represents 61.8% Fibonacci retracement level but first it should break the first resistance level 1.5890.

The stability of these expectations requires the stability of the support level 1.5790.

RES. 1.5869 1.5934 1.6037
Pivot 1.5768
Sup. 1.5701 1.5600 1.5533



USDCHF

The pair failed yesterday to gain more rising where it could not break up the resistance level 0.9895 but reflected back downwards trying to test the support level 0.9805 so, yesterday's expectations have been changed for the short term and intraday levels.
The pair is moving inside bullish channel till now for the short-term and intraday levels, so any bearish positions are not recommended until breaking the support level 0.9805 which represents 23.6% Fibonacci retracement level for the last short-term bearish wave
And also coincides with the bottom boarder of this channel in which the pair is moving.

These expectations require the stability of the resistance level 0.9895.

Yesterday analysis is still remaining till now.

RES. 0.9901 0.9941 0.9967
Pivot 0.9875
Sup. 0.9836 0.9809 0.9769


USDCAD


During yesterday trades the pair formed a top near the 1.0145 level which represents 50% Fibonacci retracement level for the bearish direction ( from 1.0286 to 1.0004 ) that pushed it down retesting the support level 1.0080 and forming a new bottom at this level, to continue at then the trades to be volatile and confused. with breaking several different levels it will determine the next trades directions, if the pair breaks the support level 1.0080 the pair will continue falling targeting the support level 1.0025 which may coincide at it the price with the bullish trend line for the medium period but in case of breaking the resistance level 1.0145 the pair will continue rising targeting the level 1.0219 which represents 76.4% Fibonacci retracement level for the latest mentioned bearish direction.

Res. 1.0148 1.0185 1.0227
Pivot 1.0105
Sup. 1.0070 1.0027 0.9992


AUDUSD

The pair formed a bottom at the support level 0.9750 which represents 50% Fibonacci retracement for the rib ( AB ) for the harmonic pattern AB=CD which is still in the forming process and will be confirmed with breaking the confined area which is between the level 0.9936 which represents 61.8% Fibonacci retracement level for the bearish direction ( from 10182 to 0.9538 ) and the level 0.9965 which represents the ( B ) point. it's expected in the next trades that the bullish action will be continued till the mentioned area, after breaking the level of the ( B ) point; the pair will continue rising till the level 1.0182 which represents the complement ( D ) point for the harmonic pattern. To reach this level; the resistance level 1.0030 must be broken.
This expectation depends on the stability of the support level 0.9750.


Res. 0.9849 0.9902 0.9951
Pivot 0.9800
Sup. 0.9747 0.9698 0.9645


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

During yesterday trades, euro declined against U.S dollar after forming a top at 1.3325 resistance level and used it to push falling till reached 1.3198 support level. Although registering a lower price through yesterday trades at 1.3162, but the pair did not achieve a good close below 1.3198 support, so, it is probably forming a Gartley negative harmonic pattern, this pattern will be confirmed with breaking 1.3427 resistance which represents the (B) point, and to reach this level it should break 1.3325 resistance which with its breaking, there is a strong signal that it will rise till reach 1.3655 resistance, breaking the (B) resistance point means more rising till reach the (D) point that completes the pattern and that is located between the level 1.3592 which represents 76.4% Fibonacci correction level for the rib (XA) and the level 1.3655 which represents which represents 2005 Fibonacci continuous level for the rib (BC).
The stability of these expectations requires the stability of the © point which represents 1.3198 support.


Res. 1.3318 1.3400 1.3477
Pivot 1.3240
Sup. 1.3159 1.3082 1.3000



GBPUSD

The pair remains in the short-term and intraday levels in a bullish movement till now, but this movement is a volatile one, so, this short-term and intraday levels bullish direction has some weakness, so, any bullish positions are not recommended until breaking 1.5795 resistance with a good close above it, this level is so important to determine the direction of the pair for the intraday levels for this day, and this level represents 38.2% Fibonacci correction level for the last medium-term bearish wave and also coincides with testing the pair to the medium-term bearish trend line.

The stability of these expectations requires the stability of 1.5675 support.

RES. 1.5966 1.5903 1.5966
Pivot 1.5773
Sup. 1.5706 1.5643 1.5576



USDCHF

The pair failed yesterday to gain more rising where it could not break up the resistance level 0.9895 but reflected back downwards trying to test the support level 0.9805 so, yesterday's expectations have been changed for the short term and intraday levels.
The pair is moving inside bullish channel till now for the short-term and intraday levels, so any bearish positions are not recommended until breaking the support level 0.9805 which represents 23.6% Fibonacci retracement level for the last short-term bearish wave
And also coincides with the bottom boarder of this channel in which the pair is moving.

These expectations require the stability of the resistance level 0.9895.

Yesterday analysis is remaining till now


RES. 0.9883 0.9932 0.9969
Pivot 0.9845
Sup. 0.9797 0.9760 0.9711


USDCAD


The trades is still on the pair till this moment, the trades are volatile and confusion between the resistance level 1.0125 and the support level 10.0080, it's expected that the pair will use this un certainty and volatility in collecting the momentum price will use it the pair again to form a clear direction for the next trades, in case of breaking the resistance level 1.0125, it's expected a further rise till the resistance level 1.0178 which represents 61.8% Fibonacci retracement level for the bearish direction ( from 1.0286 to 1.0004 ) and in case of breaking the support level 1.0080 the pair will continue falling targeting the support level 1.0025 which is expected to coincide at it the price with the bullish trend line for the medium period.

Res. 1.0131 1.0158 1.0190
Pivot 1.0100
Sup. 1.0072 1.0040 1.0013



AUDUSD

The pair formed a bottom at the support level 0.9750 which represents 50% Fibonacci retracement for the rib (AB) for the harmonic pattern AB=CD which is still in the forming process and will be confirmed with breaking the confined area which is between the level 0.9936 which represents 61.8% Fibonacci retracement level for the bearish direction ( from 10182 to 0.9538 ) and the level 0.9965 which represents the ( B ) point. it's expected in the next trades that the bullish action will be continued till the mentioned area, after breaking the level of the ( B ) point; the pair will continue rising till the level 1.0182 which represents the complement ( D ) point for the harmonic pattern. To reach this level; the resistance level 1.0030 must be broken.
This expectation depends on the stability of the support level 0.9750.
The previous analyze remains


Res. 0.9887 0.9939 0.9995
Pivot 0.9831
Sup. 0.9779 0.9723 0.9671


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Euro continued declining against the U.S dollar at the end of the last week trades, whereas, the pair is still unable to break the short-term bearish trend line meanwhile, still unable to break 1.3175 support to confine the last trades in the area between the bearish trend line and 1.3175 support level. Breaking one of these levels is important to determine the upcoming trading direction for the pair, in the case of breaking the bearish trend line, the pair will continue rising till reaching the level 1.2427 but in the case of breaking 1.3175 support with good close below it, then the pair will continue declining targeting 1.3077 support level then to level 1.2969.


Res. 1.3284 1.3333 1.3388
Pivot 1.3232
Sup. 1.3181 1.3127 1.3076



GBPUSD

The pair remains on the short-term and intraday levels in a bullish movement till now, to face previously 1.5862 level facing the bearish trend line for the medium and the long periods, generally the pair is now at a confusing area, where the bullish trend line for the short periods supports the short bullish move, also the resistances that are represented by the bearish trend line for the medium and long periods with the resistance area between 1.5835 and 1.5860 prevents the pair rising. So in case the pair was able to pass the mentioned resistances it will continue rising to reach the 1.5900 area, but in case the pair broke down the support trend line it may fall to retest the nearest support levels such as, 1.5750 and 1.5705.

RES. 1.5867 1.5923 1.5979
Pivot 1.5807
Sup. 1.5753 1.5693 1.5639



USDCHF

It is clear that, the pair is still continuing the declining movement that has been formed through moving inside a bearish channel at the end of the last week trades.
During the intraday trades of today it is expected that the pair will continue declining inside the bearish channel, the pair is below 0.9843 resistance level which represents the top boarder of the channel. So, it is expected that, the pair may reach 0.9769 support level which represents the bottom boarder of the channel, but under the condition of breaking 0.9809 support level with stability below, this level represents 50% Fibonacci correction level for the last bullish wave.
The stability of these expectations depends on the stability of the pair below 0.9843 resistance level.


RES. 0.9829 0.9858 0.9875
Pivot 0.9812
Sup. 0.9783 0.9766 0.9737


USDCAD


In this chart; it's noticed that the pair has formed a symmetrical triangle pattern, which reflects the volatility and confusion situation that dominated the trades of the pair during the last trades for the short period, the last intraday trades was confined in the triangle head area which gives a confirmation for a near break to one of the triangle's boarders, then the trades will be continued in the same breaking direction. If the pair breaks the top boarder; it will continue rising targeting the level 1.0178 which represents the targeted price for the pattern in this bearish move and which also represents 61.8% Fibonacci retracement correction level for the bearish direction (from 1.0286 to 1.0004) but in case of breaking the bottom boarder; the pair will continue falling targeting the level 1.0004 which represents the target price for the pattern in this bearish move.

Res. 1.0113 1.0130 1.0145
Pivot 1.0100
Sup. 1.0081 1.0066 1.0044



AUDUSD

The pair formed a bottom at the support level 0.9750 which represents 50% Fibonacci retracement for the rib (AB) for the harmonic pattern AB=CD which is still in the forming process and will be confirmed with breaking the confined area which is between the level 0.9936 which represents 61.8% Fibonacci retracement level for the bearish direction (from 10182 to 0.9538) and the level 0.9965 which represents the ( B ) point. it's expected in the next trades that the bullish action will be continued till the mentioned area, after breaking the level of the ( B ) point; the pair will continue rising till the level 1.0182 which represents the complement ( D ) point for the harmonic pattern. To reach this level; the resistance level 1.0030 must be broken.
This expectation depends on the stability of the support level 0.9750.
The previous analyze remains till this moment


Res. 0.9888 0.9929 0.9959
Pivot 0.9858
Sup. 0.9821 0.9789 0.9725


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Yesterday trades reflect optimism that controls investors towards high yield currencies and the most risky so, the European currency rose against the U.S dollar, it is mentioned through yesterday report that, if the pair could not hold the stability of 1.3175 support and broke the short-term bearish trend line, the pair will continue rising till reach 1.3427, and this is what happened already, whereas, the pair registered the highest price during yesterday trades by reaching 1.3433. Now, the pair is trading under 1.3427 resistance which represents the (B) point for Gartley negative harmonic pattern that is mentioned through the previous reports. Breaking the resistance point (B) means more rising till reaching (D) point which completes the pattern and located between the level 1.3592 which represents 76.4% Fibonacci correction level for the rib (XA), and the level 1.3655 which represents 200% Fibonacci continuous level for the rib (BC).

The stability of these expectations requires the stability of 1.3280 support.


Res. 1.3488 1.3586 1.3739
Pivot 1.3335
Sup. 1.3237 1.3084 1.2986



GBPUSD

The pair is still holding the short-term and intraday levels bullish movement till now. And it is noticed that, the pair is moving inside a bullish channel and tested its bottom boarder yesterday and reflected up again testing 1.5890 resistance which has been mentioned previously with the expectation that, the pair will continue rising during the intraday levels of today targeting 1.5890 resistance which represents 61.8% Fibonacci correction level and also coincides with the top boarder of this bullish channel.

The stability of these expectations requires the stability of 1.5790 support.


RES. 1.5931 1.6002 1.6108
Pivot 1.5825
Sup. 1.5757 1.5646 1.5577



USDCHF

The pair is still moving bearishly till now, though, it could break 0.9725 to confirm forming the harmonic pattern AB=CD which still in forming stage of its last wave CD which its target supposed to be at 0.9575 support, so, it is expected that, the pair will continue declining during the intraday trades of today targeting this level, this expectation will be more confirmed by breaking 0.9675 support which represents 76.4% Fibonacci correction level for the medium-period last bullish wave.

The stability of these expectations requires the stability of 0.9725 resistance.


RES. 0.9802 0.9927 1.0004
Pivot 0.9725
Sup. 0.9600 0.9523 0.9398


USDCAD

As expected in yesterday report that the pair has broke the bottom board for the triangle pattern continuing falling till it achieved the lowest price for yesterday trades at the level 1.0027, the pair formed a bottom at this level rose from it again to retest the broken bottom board which is near the intraday trades, expecting forming a bearish top at this board then falling till the level 1.0004 which represents the target price for the pattern which with breaking it down; means falling till the support level 0.9977.

This expectation depends on the stability of the resistance level 1.0090.


Res. 1.0113 1.0150 1.0195
Pivot 1.0070
Sup. 1.0031 0.9988 0.9949



AUDUSD

The pair formed a bottom at the support level 0.9750 which represents 50% Fibonacci retracement for the rib (AB) for the harmonic pattern AB=CD which is still in the forming process and will be confirmed with breaking the confined area which is between the level 0.9936 which represents 61.8% Fibonacci retracement level for the bearish direction ( from 10182 to 0.9538 ) and the level 0.9965 which represents the ( B ) point. it's expected in the next trades that the bullish action will be continued till the mentioned area, after breaking the level of the ( B ) point; the pair will continue rising till the level 1.0182 which represents the complement ( D ) point for the harmonic pattern. To reach this level; the resistance level 1.0030 must be broken.
This expectation depends on the stability of the support level 0.9750.
The previous analyze remains till this moment


Res. 1.0019 1.0077 1.0170
Pivot 0.9926
Sup. 0.9868 0.9775 0.9717


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

Seems that optimism that controls investors towards the high yield and more risky currencies did not remain along whereas, the American good data released yesterday and the statements of the Federal Reserve assured the continuation of the American economic recovery toward rising dollar again against euro.
It is noticed through this chart that, the pair didn't trade for a long time above the resistance level 1.3427 for the bullish wave that began from the point © for the negative harmonic pattern Gartley, and as it was mentioned yesterday, the level 1.3427 represents the point (B). The pair didn't succeed to achieve a good close above this level forming some reflective candles giving a sign of the probability of non-completing the harmonic pattern which its failure will be confirmed by breaking the support level 1.3281which is expected to coincide with the bullish trend line that matches the point (A) with (B), but if the pair formed a bottom at this area, it will rise again to re-test the resistance level 1.3427 which with its breaking the pair will continue forming the rib (CD). But in the case of failing the pair to form this bottom, the pair will decline till reaching the level 1.3175 which with its breaking, the pair will continue forming a bearish direction toward the support level 1.2969


Res. 1.3464 1.3545 1.3597
Pivot 1.3412
Sup. 1.3327 1.3277 1.3192


GBPUSD

Resistance level 1.5890 was able to hold against the pair rising yesterday, the pair failed to break it and reflected down as it was not expected that it will continue rising, the pair even also broke the short-term and intraday levels bullish trend line and also is breaking down the simple moving average for (50) past candlesticks. If trades continued below 1.5770, more drop below is expected for the pair during the intraday trades of today targeting 1.5655support level as the first target for this declining then will target 1.5535 support level.

The stability of these expectations requires the stability of 1.5770 resistance level.


RES. 1.5876 1.5979 1.6048
Pivot 1.5808
Sup. 1.5707 1.5636 1.5532



USDCHF

As expected yesterday, the pair succeeded to reach the target of the wave (CD) at 0.9575 support that was mentioned through yesterday report and still stable till now, the pair reflected up with expectations of more rising during the upcoming trades targeting to re-test 0.9675 resistance level and also the top boarder of this bearish channel in which the pair is moving through the medium-term trades, this movement may continue in order to test 0.9725 resistance.

The stability of these expectations requires the stability of 0.9575 support level.


RES. 0.9670 0.9744 0.9798
Pivot 0.9616
Sup. 0.9542 0.9488 0.9414


USDCAD

The pair has ended the Triangle pattern’s target by reaching level 1.0027 which formed at it a second consecutive bottom supported by the bullish trend line for the short period. Trades now are at the resistance level 1.0090, breaking this level will help the pair to rise till the resistance level 1.0145 which represents 50% Fibonacci retracement correction level for the bearish direction (from 1.0286 to 1.0004) but breaking the support level 1.0145 means reaching the next resistance level at the level 1.0178; this bullish scenario is the likely to happen during the next upcoming trades.

This expectation depends on the stability of the support level 1.0027.


Res. 1.0103 1.0147 1.0185
Pivot 1.0066
Sup. 1.0023 0.9988 0.9942



AUDUSD

It was mentioned in the previous reports that if the pair achieves a good breaking for the resistance level 0.9965 which represents the ( B ) point for the harmonic pattern AB=CD the pair will continue rising till the level1.0182 which represents the complement ( D ) point for the harmonic pattern, reaching this level; the resistance level 1.0030 must be broken and this is what has happened during yesterday trades where the pair has succeeded on breaking the resistance level for the ( B ) point to continue rising till it reached the resistance level 1.0030 which has failed of breaking it up to form a top that pushed the pair down to retest the nearest support levels, one of which is the level 0.9965 which has failed to stop the pair declining and the pair continued falling to retest the bullish trend line which matches the point ( A )and the ( C ) point. Breaking this line downwards means the failure of completing the harmonic pattern, then falling to the support level 0.9750.


Res. 1.0029 1.0066 1.0111
Pivot 0.9985
Sup. 0.9845 0.9902 0.9862


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The European currency continued declining against the American dollar whereas, yesterday trades saw more bearish positions which pushed the pair to break important support levels that was mentioned through yesterday report whereas, the pair succeeded to break the support level 1.3281 with breaking the short-term bearish trend line giving a signal of the bearish positions strength. It is expected now more declining for the pair during the upcoming trades after breaking the level 1.3208 which represents the lowest price achieved yesterday, then the pair will test the support level 1.3175 which with its breaking, the pair will continue declining, targeting the support level 1.2969, it is expected that, before the pair continue this bearish move, it will test the bullish trend line that was broken down, looking for a bearish top to form in order to use it to continue forming bearish directions and to reach the mentioned targets.

The stability of these expectations requires the stability of the resistance level 1.3281.


Res. 1.33261.34401.3499
Pivot 1.3267
Sup. 1.3153 1.3094 1.2980


GBPUSD


As it was expected yesterday, the pair declined breaking 1.5655 and reached the support level 1.5535 which is still stable against the pair testing with the expectation to continue this bearish move that was strong and highly volatile yesterday to target through the intraday levels of today the support level 1.5420 but under the condition of breaking the support level 1.5535 that the pair is testing now.

The stability of these expectations requires the stability of the resistance level 1.5655.

RES. 1.57011.58591.5945
Pivot 1.5808
Sup. 1.5457 1.5371 1.5213



USDCHF

As was expected yesterday, the pair succeeded to reach the target of the wave (CD) at 0.9575 support level that was mentioned through yesterday report and still stable till now, the pair reflected up with expectations of more rising during the upcoming trades targeting to re-test 0.9675 resistance level and also the top boarder of this bearish channel in which the pair is moving through the medium-term trades, this movement may continue in order to test 0.9725 resistance.

The stability of these expectations requires the stability of 0.9575 support level.

Yesterday analysis is still remaining till now


RES. 0.9725 0.9771 0.9846
Pivot 0.9650
Sup. 0.9604 0.9529 0.9483


USDCAD

The pair failed again during yesterday trades on breaking the resistance level 1.0090 to form a new top at it which coincided with the bearish trend line for the short period, the pair used this top to fall down breaking the bullish trend line for the short period reaching the support level 1.0004 but the pair didn't trade for long under the bullish trend line where an engulfing candle appeared which returned the pair to trade again above the bullish trend line. if the next trades continues above the bullish trend line it will confirm rising the pair trying to break the bearish trend line and with breaking the resistance level 1.0090 the pair will continue rising till the resistance level 1.0145 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0286 to 1.0004 ) then the level 1.0178, but if the pair is able to break the bullish trend line down again; the pair will push down till the support level 1.0004 which with breaking it, the pair will target the re-test for the support level 0.9977.



Res. 1.0094 1.0140 1.0185
Pivot 1.0048
Sup. 1.0002 0.9956 0.9910



AUDUSD

As expected in yesterday report the pair didn't complete forming the harmonic pattern AB=CD where the pair was able to break the bullish trend line which matches the point ( A ) and the ( C ) point, this break has coincided with the break of the support level 0.9936 to continue the pair’s declining till the support level 0.9860 which the intraday trades are around it. It is expected to break this level downwards where the pair will target the support level 0.9750 during the next trades.

This expectation depends on the stability of the support level 0.9936.


Res. 0.9960 1.0055 1.0111
Pivot 0.9900
Sup. 0.9809 0.9749 0.9658


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

As it was expected yesterday, the pair formed a bearish top at the board of the broken down bullish trend line from which, the pair was pushed down testing the important support level 1.3175 which succeeded to stop the pair’s declining and at which a new bottom was formed and returned the pair into a bullish move again during the last intraday trades.
It is noticed during the current trades, the pair is trying to confirm breaking the resistance level 1.3281 which coincides with the broken bullish trend line. If the pair succeeded to confirm this breaking with a good close above these levels, it will continue rising targeting the resistance level 1.3377 which with its breaking, the pair will rise till reach the level 1.3473 again.


Res. 1.3279 1.3314 1.3363
Pivot 1.3230
Sup. 1.3195 1.3046 1.3111



GBPUSD

The support level 1.5535 held against the pair testing yesterday, the pair reflected up re-testing the level 1.5655 which still holds against the pair till now. During the upcoming intraday trades it is expected that the pair will decline targeting the support level 1.5535 again, and in the case of breaking it down the pair will target the support level 1.4530, and what confirms this expectation is the existence of a negative divergence for the pair on the stochastic index below the chart.

The stability of these expectations requires the stability of the resistance level 1.5655.

RES. 1.5666 1.5700 1.5764
Pivot 1.5602
Sup. 1.5568 1.5504 1.5470



USDCHF


As it was expected yesterday, the pair succeeded to reach the resistance level 0.9725 which held and caused reflecting the pair down in order to continue its short-term bearish move, breaking the support level 0.9575 with the expectation that it will continue declining in the case of breaking this level, targeting the support level 0.9495 then 0.9415 during the upcoming intraday trades.

The stability of these expectations requires the stability of the resistance level 0.9675.


RES. 0.9705 0.9766 0.9798
Pivot 0.9673
Sup. 0.9612 0.9580 0.9519


USDCAD

As noticed in the chart, the pair formed a continuation pattern which is the symmetrical triangle; this pattern supports the dominant bearish direction for the pair during the last trades for the medium period. it's expected that after breaking the bottom boarder for the pattern, the pair will continue falling till it reach the targeted price for the pattern at the level 0.9920 which also represents 161.8% Fibonacci retracement continuous level for the bullish direction ( from 1.0004 to 1.0137 ), reaching this bearish targeted price, the support levels 1.0004, 0.9977 must be broken.

This expectation depends on the stability of the resistance level 1.0090


Res. 1.0078 1.0098 1.0122
Pivot 1.0054
Sup. 1.0034 1.0010 0.9990 0.9910



AUDUSD

As expected in yesterday report the pair didn't complete forming the harmonic pattern AB=CD where the pair was able to break the bullish trend line which matches the point ( A ) and the ( C ) point, this break has coincided with the break of the support level 0.9936 to continue the pair’s declining till the support level 0.9860 which the intraday trades are around it. It is expected to break this level downwards where the pair will target the support level 0.9750 during the next trades.

Res. 0.9927 0.9953 1.0002
Pivot 0.9878
Sup. 0.9852 0.9803 0.9777


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD

The European currency declined against the American dollar at the end of the last week trades, whereas, investors still have bullish positions on dollar due to the expectations of the American economic recovery, through the chart it is noticed that, a harmonic pattern AB=CD has been formed where, the rib (BC) represents 50% Fibonacci correction level for the rib (AB) so, it is expected that, the rib (CD) will be completed at 200% Fibonacci continuous level for the rib (BC). What confirms this pattern is closing the pair below the level 1.3208 which represents the (B) point, it is expected with the stability of this level which became a resistance level that, the pair will continue declining, forming the rib (CD) which ends at the support level 1.3060 and represents the (D) point that completes the harmonic pattern.

The stability of these expectations requires the stability of the resistance level 1.3208.


Res. 1.3319 1.3451 1.3544
Pivot 1.3226
Sup. 1.3094 1.3001 1.2869


GBPUSD


As it was expected at the end of the last week trades, indeed, the pair declined targeting the support level 1.5430 that was mentioned previously and reflected up trying to correct this bearish move, at the beginning of this week trades more medium-term declining is expected for the pair in order to form a harmonic pattern AB=CD and now it is in the forming stage to the last wave CD but with close below the level 1.5500 then it will target 1.5100.
The expectations of today's trades are that, the pair will reflect up trying to re-test the resistance level 1.5640 then will decline down again.
So that, bearish positions are not recommended until breaking the support level 1.5430 that the pair tried to test it at the end of the last week trades.
These expectations remains by the stability of the resistance level 1.5640.


RES. 1.5633 1.5736 1.5826
Pivot 1.5543
Sup. 1.5440 1.5350 1.5247


USDCHF


The support level 0.9580 succeeded to be stable against the pair testing for the second time, pushing the pair to rise and test the resistance level 0.9710 also for the second time, that caused the forming of the double bottom pattern that reflects the direction and that with breaking the neck line of the pattern which represents 0.9710 resistance level, the pattern will be confirmed.
If the pair succeeded to break this level up it is expected that, the pair will target the resistance level 0.9780 then the resistance level 0.9850.


RES. 0.9761 0.9821 0.9922
Pivot 0.9660
Sup. 0.9600 0.9499 0.9439


USDCAD


The Canadian dollar didn't hold for along against rising the U.S dollar whereas what was expected that the Canadian dollar will maintain rising which will support breaking the pair to the bottom board for the symmetrical triangle pattern but what happened is breaking the upper board for the pattern which came to confirm the strength of the U.S dollar, the pair has pushed up after breaking the upper board with breaking the resistance level 1.0090 where it reaches till the level 1.0145 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0286 to 1.0004 ) and this level represents the highest price for last week trades, it's expected that with breaking it during the next trades that the pair will continue rising till the level 1.0178 which represents the targeted price for the symmetrical triangle pattern and also represents 76.4 % Fibonacci retracement correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 1.0090.

Res. 1.0172 1.0211 1.0278
Pivot 1.0104
Sup. 1.0062 0.9996 0.9954


AUDUSD

Till this moment the pair is still unable to break the support level 0.9860 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0182 to 0.9538 ) to form a new bottom at this level, and as mentioned in the chart this bottom formation gives a probability of forming a bullish channel but only if the trades are stable above the likely bottom board, in this case a bullish move is expected till the resistance level 0.9936 which with breaking it up the pair will continue rising again till the resistance level 1.0030.
This expectation depends on the stability of the support level 0.9860.
This analysis still remains till now


Res. 0.9924 0.9967 1.0009
Pivot 0.9882
Sup. 0.9839 0.9797 0.9754


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

EURUSD


Yesterday trades saw the continuation of declining the European currency against the American dollar, the pair used this decline to form the bearish rib (CD) of the harmonic pattern AB=CD where, the pair registered the lowest price at the level 1.3095 in order to form a new bearish bottom, by observing forming the last bearish bottoms and the move of the stochastic index, a positive divergence that reflects the bearish direction is noticed, and indeed, reflected the price action during the last trades which marked by rising. It is expected that, the pair will continue rising in order to re-test the point (B) at the level 1.3208, if the pair succeeded to break this level, it will rise till reach the level 1.3276 at which the price may coincides with the bearish trend line that matches the point (A) with (B). and if the pair failed to break the level 1.3208, it will decline again till reach the support level 1.3060 which represents the point (B) that completes the harmonic pattern.




GBPUSD


Yesterday, the support level 1.5480 succeeded to be stable against the price testing for the second time, and supports the expectation of more corrective rising for the intraday levels of today, that may push the pair to test the resistance level 1.5695 but under the condition of breaking the resistance level 1.5605 with a good close above, then the pair will target the resistance level 1.5695.

These expectations still stable by the stability of the support level 1.5480.

RES. 1.5565 1.5620 1.5665
Pivot 1.5520
Sup. 1.5465 1.5420 1.5365


USDCHF


The pair was unable to break the resistance level 0.9170 as it was expected yesterday; this level held against the price testing and caused a downward reflection for the price, confirming the strength of the bearish direction and that the price unable to continue the corrective rising with the expectation of more declining during the upcoming trades targeting the support level 0.9510 but first, it should break the strong support level 0.9580 in order to confirm the tendency of the pair to reach the target.

The stability of these expectations requires the stability of the resistance level 0.9710.


RES. 0.9702 0.9756 0.9791
Pivot 0.9667
Sup. 0.9613 0.9578 0.9524


USDCAD


As expected in yesterday report that the pair was able to break the resistance level 1.0145 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0286 to 1.0004 ) to push the pair up again till the level 1.0178 which represents the targeted price for the symmetrical triangle pattern, although of achieving the pair the highest price for yesterday trades at the level 1.0208 but it didn't achieve a good close above the resistance level 1.0178 to form a bearish reflective candles at this level which will force the pair to fall again to retest the nearest support levels searching to form a bullish bottom will use it the pair to rise again trying to break the level 1.0178 which with breaking it the pair will continue rising till the level 1.0286, it's expected that a bullish bottom will be formed at the retest for the level 1.0145.
This expectation depends on the stability of the support level 1.0110.


Res. 1.0216 1.0266 1.0324
Pivot 1.0158
Sup. 1.0108 1.0050 1.0000


AUDUSD

In the mentioned chart ,the pair was able to use the stability of the resistance level 0.9860 to rise again whereas it was able to break the resistance level 0.9936 to retest the resistance level 0.9979 which represents 0.764 % Fibonacci retracement correction level ( from 1.0025 to 0.9830 ), during the trades for the last medium period which was expected that it is between the bullish channel, the pair is in process to form a negative harmonic pattern AB=CD and it is forming now the bullish rib ( CD ) which is expected to be continued after breaking the resistance level 0.9979 and 1.0025 which represents the ( B ) point, after these breakthroughs the pair will form the ( CD ) rib which will be completed at the confined area between the level 1.0078 which represents 127% Fibonacci retracement continuous level for the rib ( BC ) and the level 1.0100 one of the resistance levels for the top boarder of the bullish channel.
This expectation depends on the stability of the support level 0.9860.


Res. 0.9967 1.0000 1.0050
Pivot 0.9914
Sup. 0.9881 0.9828 0.9795


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section

EURUSD

As it was expected yesterday, the pair re-tested the resistance area at the point B of the AB=CD positive harmonic pattern at the level 1.3208 forming a new top that pushed the pair to decline again and to continue forming the CD rib that has been completed by reaching the level 1.3075 which represents the lowest achieved price during yesterday trades.
Complete forming of the positive harmonic pattern with the continuation of the positive divergence that reflects the direction of the stochastic index with forming a bottom at the level 1.3075, all of these are signals confirm a beginning of forming a bullish direction during the upcoming trades. it is expected that the pair will continue rising in order to re-test the resistance level 1.3208 at which it is expected that the price will coincide with the bearish trend line that matches the point A with C. breaking the bearish trend line with breaking the level 1.3208 means rising till reach the level 1.3355.

The stability of these expectations requires the stability of the support level 1.3075.

Res. 1.3177 1.3253 1.3305
Pivot 1.3125
Sup. 1.3049 1.2997 1.2921


GBPUSD


The vision today is a medium-term one whereas, the price action is moving in narrow trades during the last days, thus, AB=CD harmonic pattern in the forming stage is noticed where, the pair succeeded to form a couple of pattern waves and the price action now is in the forming stage of the last wave CD, but in order to finish this pattern, the pair should break the level 1.5485 which represents the point B, it is also noticed that, the pair now is trading below this level but breaking it with a good close below did not confirmed.
It is expected that, the medium-term bearish wave will remain and if the pair rose during the intraday trades, it will be a corrective rising, targeting the resistance level 1.5580 then, the pair will continue declining.
And bearish positions are not recommended until breaking the level 1.5485 with a good close below is confirmed then, the pair wil target to reach the support level 1.5100 for the medium period.


RES. 1.5545 1.5622 1.5677
Pivot 1.5490
Sup. 1.5413 1.5358 1.5281


USDCHF

The pair was unable to break the resistance level 0.9170 as it was expected yesterday; this level held against the price testing and caused a downward reflection for the price, confirming the strength of the bearish direction and that the price was unable to continue the corrective rising with the expectations of more declining during the upcoming trades targeting the support level 0.9510 but first, it should break the strong support level 0.9580 in order to confirm the tendency of the pair to reach the target.
The stability of these expectations requires the stability of the resistance level 0.9710.


RES. 0.9636 0.9692 0.9729
Pivot 0.9599
Sup. 0.9543 0.9506 0.9450


USDCAD


During yesterday trades the pair has formed a new top at the resistance level 1.0208 which is the second consecutive top at this level. the conditions are enough for a reflective harmonic pattern for the bullish direction which is the double top to form, whereas the base of the pattern is at the support level 1.0150, breaking the base for the pattern is very important to confirm the pattern existence, confirming this break means that the pair will continue falling till the level 1.0092 which represents the targeted price for the pattern also if the pair succeeded on breaking the level 1.0092, the pair will continue falling directing to the next support level at 1.0004.

This expectation depends on the stability of the resistance level 1.0208.


Res. 1.0203 1.0233 1.0260
Pivot 1.0176
Sup. 1.0046 1.0119 1.0089


AUDUSD

In this chart ,the pair was able to use the stability of the resistance level 0.9860 to rise again whereas it was able to break the resistance level 0.9936 to retest the resistance level 0.9979 which represents 76.4 % Fibonacci retracement correction level ( from 1.0025 to 0.9830 ). During the trades for the last medium period which was expected that it is between the bullish channel, the pair is in process to form a negative harmonic pattern AB=CD and it is forming now the bullish rib ( CD ) which is expected to be continued after breaking the resistance level 0.9979 and 1.0025 which represents the ( B ) point, after these breakthroughs the pair will form the ( CD ) rib which will be completed at the confined area between the level 1.0078 which represents 127% Fibonacci retracement continuous level for the rib ( BC ) and the level 1.0100 one of the resistance levels for the top boarder of the bullish channel.
This expectation depends on the stability of the support level 0.9860.
This analysis still remains till now

Res. 1.0006 1.0036 1.0080
Pivot 0.9962
Sup. 0.9932 0.9888 0.9858


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://www.gigfx.com/node/854

EURUSD

Yesterday trades saw forming a top at the level 1.3175 which represents 23.6% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3075) at which the pair was pushed down in order to retest the nearest support level one of which is 1.3075 level, forming a new bottom at this level and it is the second consecutive bottom at the same level, this confirms the conditions of the existence of a double bottom pattern that reflects the bearish direction, the top of this pattern is at the resistance level 1.3175. The existence of this pattern with completing the positive harmonic pattern AB=CD and the continuation of the positive divergence that reflects the bearish direction, all these are strong signals of returning the pair to rise again.
It is expected during the upcoming trades that the pair will rise in order to break the level 1.3175 at which the price is expected to coincide with the bearish trend line which matches the point A with C. breaking these levels is important for the pair to continue rising till reaching the level 1.3285 which represents the target of the pattern and also represents 50% Fibonacci correction level for the mentioned bearish direction.
In order to reach this target, the pair should break the resistance level 1.3208 which represents the point B of the harmonic pattern.
The stability of these expectations requires the stability of the support level 1.3075.

Res. 1.3160 1.3221 1.3262
Pivot 1.3119
Sup. 1.3059 1.3017 1.2956



GBPUSD

The pair on the medium-term was moving in narrow trades during the last days. It is noticed that the pair is in the forming stage of a harmonic pattern (AB=CD), the pair succeeded to form couple of waves for the pattern and now is forming the last wave CD.
As it was expected yesterday, the pair declined breaking the level 1.5484 which represents the point B of the pattern which was formed by reaching the lowest registered price at the level 1.5356.
It is expected on the short-term the continuation of the bearish wave for the pair and if the pair rose during the upcoming trades, it will be a corrective rising; its target is to test the resistance level 1.5485, then the pair will continue declining targeting the support level 1.5100 which represents the target of the wave CD for the formed pattern.
The stability of these expectations for the intraday levels of today requires the stability of the resistance level 1.5485.


RES. 1.5465 1.5548 1.5603
Pivot 1.5411
Sup. 1.5329 1.5274 1.5192



USDCHF


The pair continues declining that was started at the level 1.0065 so it is expected that it will continue declining till reaching the level 0.9406 which represents 127% Fibonacci continuous level for the last bullish wave.
These expectations requires the pair’s stability below the resistance level 0.9549 which represents 100% Fibonacci continuous level.
But if the pair succeeded to break this level with stability above, it will target the level 0.9670 which represents 76.4% Fibonacci continuous level for the mentioned bullish wave.


RES. 0.9572 0.9625 0.9659
Pivot 0.9538
Sup. 0.9485 0.9451 0.9398


USDCAD

During yesterday trades the pair was able to break the support level 1.0150 which represents the base for the reflective pattern; double consecutive tops whereas the pair has achieved the lowest price during yesterday trades at the level 1.0112, so it's expected that with breaking this level during the next intraday trades the pair will continue falling till the level 1.0092 which represents the pattern’s target and at the same time if the pair succeeds on breaking the level 1.0092, the pair will continue falling directing for the next support level at 1.0004 level.

This expectation depends on the stability of the resistance level 1.0150.



Res. 1.0171 1.0210 1.0240
Pivot 1.0141
Sup. 1.0102 1.0072 1.0033


AUDUSD

In this chart ,the pair was able to use the stability of the resistance level 0.9860 to rise again whereas it was able to break the resistance level 0.9936 to retest the resistance level 0.9979 which represents 76.4 % Fibonacci retracement correction level ( from 1.0025 to 0.9830 ). During the trades for the last medium period which was expected that it is between the bullish channel, the pair is in process to form a negative harmonic pattern AB=CD and it is forming now the bullish rib ( CD ) which is expected to be continued after breaking the resistance level 0.9979 and 1.0025 which represents the ( B ) point, after these breakthroughs the pair will form the ( CD ) rib which will be completed at the confined area between the level 1.0078 which represents 127% Fibonacci retracement continuous level for the rib ( BC ) and the level 1.0100 one of the resistance levels for the top boarder of the bullish channel.
This expectation depends on the stability of the support level 0.9860.
This analysis still remains till now

Res. 1.0015 1.0042 1.0075
Pivot 0.9982
Sup. 0.9955 0.9922 0.9895


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://gigfx.com/node/854

EURUSD


The pair is still forming new consecutive bearish bottoms whereas, the stochastic index is forming a bullish bottoms this means the continuation of the positive divergence that reflects the direction. Through the bearish price action, a bearish wedge pattern that reflects the direction has been formed. It is expected that, the pair will response to these signals that reflect the current bearish direction to form a corrective bullish direction during the upcoming period; this bullish move will be confirmed with breaking the top boarder of the pattern and also with breaking the resistance level 1.3180 then, the pair will continue rising targeting to reach the target area that locates between the resistance level 1.3250 and the level 1.3276 which represents 50% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3055).

The stability of this bullish move requires the stability of the support level 1.3055.

Res. 1.3157 1.3202 1.3253
Pivot 1.3106
Sup. 1.3061 1.3010 1.2965


GBPUSD


The pair on the medium-term was moving in narrow trades during the last days. It is noticed that the pair is in the forming stage of a harmonic pattern (AB=CD), the pair succeeded to form couple of waves for the pattern and now is forming the last wave CD.
And what confirms the strength of this pattern is that the pair succeeded to break the level 1.5484 which represents the point B so, on the short-term that the continuation of the bearish wave for the pair is expected, and if the pair rose during the upcoming trades, it will be a corrective rising; its target is to test the resistance level 1.5485, then the pair will continue declining targeting the support level 1.5100 which represents the target of the wave CD for the formed pattern.
The stability of these intraday levels expectations requires the stability of the resistance level 1.5484.


RES. 1.5451 1.5475 1.5514
Pivot 1.5412
Sup. 1.5388 1.5348 1.5325



USDCHF

The pair is still moving in a short-term bearish direction, during yesterday trades the pair hit the support level 0.9510 and reflected up trying to correct this bearish direction and trying also to test the bearish trend line at the level 0.9580, the pair is still trading below this trend line so, it is expected that, the pair will continue this bearish move for the intraday levels targeting to test the support level 0.9580 again.

The stability of these expectations requires the stability of the resistance level 0.9580.


RES. 0.9669 0.9750 0.9836
Pivot 0.9583
Sup. 0.9503 0.9416 0.9335



USDCAD


During yesterday trades the pair has achieved the target price for the double top reflective pattern, by reaching the level 1.0092, where the pair has achieved the lowest price for this trades at the level 1.0070, it's expected for the next trades with breaking the mentioned support area which is between the level 1.0092 and 1.0070 that the pair will continue falling targeting the support level 1.0004.

This expectation depends on the stability of the resistance level 1.0120.



Res. 1.0149 1.02003 1.0244
Pivot 1.0106
Sup. 1.0054 1.0019 0.9959


AUDUSD

The pair is still forming the bullish (CD) rib for the harmonic pattern AB=CD, whereas the intraday trades are above the resistance level 1.0025 which represents the (B) point, which confirms that the pair is approaching to reach the target price area for the harmonic pattern, which is located between the level 1.0078 that represents 127% Fibonacci retracement continuous level for the (BC) rib and the level 1.0100.

This expectation depends on the stability of the support level 0.9975.


Res. 1.0076 1.0106 1.0154
Pivot 1.0030
Sup. 0.9992 0.9958 0.9917


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://www.gigfx.com/node/854

EURUSD

As it was expected through the previous reports, the pair began to respond to the positive signals that reflected the bearish direction to continuing forming a bullish corrective direction. during yesterday trades, the pair succeeded to break the top boarder of the bearish wedge pattern, this breaking was the beginning of the pair rising which remained during the last intraday trades, breaking the resistance level 1.3180 till reached the level 1.3224 which represents the target of the pattern and at the same time represents 38.2% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3055). It is noticed that, a reflective candle is formed at the level 1.3224 after achieving a higher price at the level 1.3254, the appearance of this candle means declining the pair in order to re-test the nearest support levels to form a bullish bottom that is expected to be around the support level 1.3180 then, it will use this bottom to return rising again in order to break the level 1.3254 which with its breaking, the pair will continue rising till reaching the level 1.3276 then the level 1.3328.

The stability of this bullish move requires the stability of the support level 1.3180.

Res. 1.3198 1.3232 1.3295
Pivot 1.3135
Sup. 1.3101 1.3038 1.3004



GBPUSD

The support level 1.5370 held for the second time against the pair testing. yesterday the pair reflected up after retesting this level, forming a double bottom pattern where its bass line is at the level 1.5455, the pair succeeded to break this level and still trading above till now expecting more rising to reach the target of the pattern that is located at the resistance level 1.5550 during the upcoming trades but under the condition of continue trading above the support level 1.5455.

The stability of these expectations for the next intraday levels requires the stability of the support level 1.5455.


RES. 1.5415 1.5502 1.5548
Pivot 1.5415
Sup. 1.5374 1.5328 1.5281


USDCHF

The bullish corrective move was unable to achieve more gains during yesterday trades, the pair hit the resistance level 0.9665 for the second time and could not break this level whereas, the pair reflected down within a bearish channel and into the forming stage of the harmonic pattern AB=CD, expecting more declining for the pair during the upcoming intraday trades targeting the support level 0.9445 which represents the end of the harmonic pattern and also coincides with testing the bottom boarder of this bearish channel in which the pair is moving with short-term trades.

The stability of these expectations requires the stability of the resistance level 0.9665.


RES. 0.9636 0.9678 0.9719
Pivot 0.9607
Sup. 0.9568 0.9536 0.9490


USDCAD

The bearish direction is still dominating the pair for the short period and this direction is forming through the movement inside the bearish channel. the intraday trades are at the support level 1.0050 where the pair is trying to break this level down to continue falling to reach the level 1.0004 which is expected to coincide at it the price with the bottom boarder for the bearish channel, in case of breaking the support level 1.0004 the pair will continue falling targeting the level 0.9977.

This expectation depends on the stability of the resistance level 1.0090.


Res. 1.0106 1.0144 1.0178
Pivot 1.0076
Sup. 1.0034 1.0000 0.9962


AUDUSD

The pair is still keeping on the bullish directions for the medium and short- term periods, the pair is continuing forming the bullish ( CD ) rib for the harmonic pattern AB=CD whereas this rib was completed by reaching the complement ( D ) point area for the harmonic pattern which is confined between the level 1.0078 which represents 127% Fibonacci retracement continuous level for the ( BC ) rib and the level 1.0100. if this bullish strength continued dominating the next trades and breaking the resistance level 1.0100, the pair will continue rising to reach the level 1.0146 which also represents 161.8% Fibonacci retracement continuous level for the ( BC ) rib which is expected to coincide at it the price with the lower boarder for the bullish channel for the short and medium – term trades.
This expectation depends on the stability of the support level 1.0025.

Res. 1.0072 1.0099 1.0142
Pivot 1.0029
Sup. 1.002 0.9959 0.9932


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
Global Investment Gate | GIGFX Bonus 2010

EURUSD

Yesterday, the pair rose till reached the level 1.3276 which represents 50% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3055). Although the pair reached this level, the pair did not achieve a good close above the area between the levels 1.3254 and 1.3224 in which some reflective candles for the last bullish wave that was mentioned through yesterday report have appeared. These negative candles reflected on the pair trades with a sharp declining, confirming the tendency of the pair to continue on the medium and long-terms bearish directions. During the last intraday trades it is noticed that a bottom has been formed at the support level 1.3080 which coincided with the top boarder of the bearish wedge that was been broken up.
It is expected that, the pair will use this formed bottom to rise, trying to form a bearish top that will force the pair to decline again in order to try breaking the support level 1.3080 which with its breaking and with breaking the support level 1.3055 means more declining till reach the level 1.2970, it is also expected that, the bearish bottom may be located between the levels 1.3160 and 1.3180.

These bearish expectations require the stability of the resistance level 1.3180.

Res. 1.3228 1.3341 1.3405
Pivot 1.3161
Sup. 1.3049 1.2981 1.2868


GBPUSD

Yesterday, the pair tried to correct its bearish direction that dominates the medium-term price action by rising up for the intraday levels till hit the resistance level 1.5480 which held against the pair testing and reflected down testing the support level 1.5355 expecting more declining during the upcoming trades due to the appearance of a harmonic pattern AB=CD in the forming stage, and now the price action is in the forming stage of the last wave CD, and it is supposed to have an expected target by reaching the support level 1.5220 in order to test it.
But the condition of completing this scenario is breaking the support level 1.5355 which represents the point B of the formed pattern with a good close below.
These expectations for the intraday trades require the stability of the resistance level 1.5480.


RES. 1.5469 1.5572 1.5635
Pivot 1.5409
Sup. 1.5303 1.5240 1.5137


USDCHF

As it was expected yesterday indeed, the pair declined completing the harmonic pattern AB=CD that has been formed on the short-term price action whereas, yesterday the pair reached the support level 0.9445 which was mentioned through yesterday report in order to test it, reflecting up after completing the pattern, expecting more declining targeting the re-test of the support level 0.9445 again. But now, the pair is trying to rise correcting the short and medium-term bearish direction, and trying to re-test the resistance level 0.9600 which coincides with testing the top boarder of this bearish channel in which the pair is moving.

These expectations require the stability of the resistance level 0.9600.


RES. 0.9606 0.9692 0.9774
Pivot 0.9522
Sup. 0.9438 0.9354 0.9270


USDCAD

The bearish direction is still dominating the pair for the short period and this direction is formed through the movement inside the bearish channel, the bearish move was expected in yesterday report till the level 1.0004 but the support level 1.0050 must be broken and this is what was achieved during yesterday trades but the pair continued falling breaking the support level 1.0004 till it reached the next support level at 0.9975
it's expected for the next trades a further drop which will be confirmed with breaking the support level 0.9975, the pair will target the level 0.9949 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 1.0004 till 1.0208 ).
This expectation depends on the stability of the resistance level 1.0050.


Res. 1.0064 1.0117 1.0162
Pivot 1.0019
Sup. 0.9966 0.9921 0.9868



AUDUSD

As expected in yesterday report, the pair was able to break the resistance level 1.0100 to continue rising till the level 1.0146 which represents 161.8% Fibonacci retracement continuous level for the ( BC ) rib for the harmonic pattern AB=CD and as what was mentioned, this price was coincided at this level with the lower boarder for the bullish channel which the pair is still moving inside it for the medium and short- term, forming a top at this area which pushed down the pair to retest the level 1.0100 where it's noticed of forming a bottom at this level during the last intraday trades which the pair will use to rise again trying to break the level 1.0146 which with breaking it the pair will continue rising till the level 1.0182 which represents the historical registered price for the pair.
This expectation depends on the stability of the support level 1.0078.


Res. 1.0153 1.0207 1.0264
Pivot 1.0096
Sup. 1.0042 0.9988 0.9931


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit: http://www.gigfx.com/node/854

EURUSD

Yesterday trades saw the rising of the European currency against the American dollar for second straight day, the continuation of this rising has been mentioned through yesterday report, whereas, the pair succeeded to break the neck line of the cup and handle pattern and also broke the resistance level 1.3276 which represents 50% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3055). During the current trades, the pair is trading below the resistance 1.3328 level which represents 61.8% Fibonacci correction level for the same bearish direction. It is expected that, the pair will continue rising with breaking this level, targeting the next resistance level 1.3393 which represents 76.4% Fibonacci correction level for the same bearish direction. The target of this bullish scenario is to reach the target of the pattern at the level 1.3497.

The stability of these expectations requires the stability of the resistance level 1.3160.

Res. 1.3331 1.3371 1.3428
Pivot 1.3274
Sup. 1.3234 1.3177 1.3137


GBPUSD

During the last two weeks, the pair was moving in a sideways move between the resistance level 1.5480 and the support level 1.5270, the pair tried to break the resistance level 1.5480 which represents the top boarder of this sideway move in yesterday trades and was able to close above, but returned again to trade below it and tested the support level 1.5370.
So that, the pair has to break one of these levels in order to determine its next direction of the short-term and intraday levels, if the pair succeeded to break the resistance level 1.5480 it will be pushed to retest the resistance level 1.5580, and if the pair succeeded to break the support level 1.5370, the pair will be pushed immediately to test the support level 1.5315 then the level 1.5250.


RES. 1.5519 1.5622 1.5677
Pivot 1.5442
Sup. 1.5350 1.5273 1.5181


USDCHF


As it was expected through yesterday report, the pair succeeded to break the level 0.9440 trying to reach the support level 0.9325 to test it which represents the end of the harmonic pattern AB=CD which was mentioned yesterday with the expectation of more declining during the upcoming trades but under the condition of breaking the support level 0.9325 then it will target the support level 0.9230.

The stability of these expectations requires the stability of the resistance level 0.9440.


RES. 0.9426 0.9499 0.9537
Pivot 0.9388
Sup. 0.9315 0.9277 0.9204


USDCAD


The pair trades are still inside the bearish channel which is formed for the short-term, it's noticed that the pair has formed a confusion area inside the bearish channel between the resistance level 1.0010 and the support level 0.9975, therefore the next trades direction will be determined if one of these boards is broken, whereas the prevailing direction is bearish so it's expected the next support level 0.9975 to be broken then continuing the bearish move till the level 0.9949 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 1.0004 to 1.0208 ) then to the next support level at 0.9878, in case of breaking the resistance level 1.0010 the pair will trade out of the bearish channel which is the first positive sign to change the bearish direction way and the pair will target in this case the resistance level 1.0050 which with breaking it up the positive sign will be confirmed declaring the beginning of forming the bullish direction for the next trades.


Res. 1.0021 1.0044 1.0065
Pivot 1.0000
Sup. 0.9977 0.9956 0.9933


AUDUSD

AUDUSD Pair registered a new record at the 1.0197 level then it fell again to retest the nearest support levels whereas a new good support level is appeared at the level 1.0115 where a bottom was formed at it to rise again trying to break the resistance level 1.0197, through this bullish movement for the medium and short- term, it's noticed that the harmonic pattern AB=CD was formed whereas the formed bottom at the level 1.0115 which represents the ( C ) point and also represents 38.2% Fibonacci retracement correction level for the ( AB ) rib, therefore the ( CD ) rib will be completed at 261.8% Fibonacci retracement continuous level for the ( BC ) rib at the level 1.0329 which represents the complement ( D ) point for the harmonic pattern and is expected to coincide at it the price with the lower boarder for the bullish channel .
This expectation depends on the stability of the support level 1.0115.


Res. 1.0206 1.0241 1.0286
Pivot 1.0161
Sup. 1.0126 1.0081 1.0046

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://gigfx.com/node/854

EURUSD

The pair succeeded to confirm rising at the end of the last year trades whereas, the pair recorded the highest high during last Friday trades at the level 1.3424 which is the highest price since three weeks. This supports the expectations of more rising for the European currency and also the appearance of a Gartley harmonic pattern in the medium-term forming stage, now the pair is moving in the range of the last wave CD of the pattern which is expected to target the area between the resistance level 1.3585 and the level 1.3620.

The stability of these expectations requires the stability of the support level 1.3235.


Res. 1.3340 1.3503 1.3578
Pivot 1.3363
Sup. 1.3304 1.3225 1.3164



GBPUSD

At the end of last week trades, the pair succeeded to confirm the short-term bullish direction after breaking the resistance level 1.5480 which was representing the top boarder of a sideway channel in which the pair was moving, till the pair succeeded to break it up after forming a the triple bottom pattern that reflects the direction, the price also succeeded to reach the target of this pattern at the resistance level 1.5590 which still holding till now. the pair reflected immediately after its testing with expectation of more rising up during the upcoming trades but under the condition of breaking the resistance level 1.5590 and it will target then the resistance level 1.5700 in order to test it.

The stability of these expectations requires the stability of the support level 1.5480.


RES. 1.5706 1.5801 1.5942
Pivot 1.5560
Sup. 1.5470 1.5329 1.5234



USDCHF

As it was expected for the pair at the end of the last week trades, indeed, it succeeded to reach the support level 0.9325 which was the target of the formed harmonic pattern AB=CD, this level is still holding till now forming a confusion area between the support level 0.9325 and the resistance level 0.9390 so that, it is recommended to observe the price action because breaking this level means the strength of the bearish positions but in the case of breaking the resistance level means the strength of the bullish positions for the short period and the trades of intraday levels for today.
So, if the pair succeeded to break the support level 0.9325 with a good close, it will target immediately the support level 0.9225, but in the case of breaking the resistance level 0.9390, it will target the resistance level 0.9480.


RES. 0.9389 0.9438 0.9479
Pivot 0.9348
Sup. 0.9299 0.9258 0.9209


USDCAD

As noticed in the chart the continuation of the bearish move for the American dollar against the Canadian dollar to break the level 0.9980 which was the holding level for the pair falling during the previous trades for the short-term. the harmonic pattern ( AB=CD ) is noticed, whereas with the stability of the level 0.9970 which represents the ( B ) point, it is expected for the pair to continue falling targeting the level 0.9845 which represents the expected ( D ) point, which is also the complement point for the pattern. But in case of the pair rising and trading above the level 0.9980 it is expected for the pair to return rising searching for a good resistance area which is expected to be around the level 1.0055.


Res. 1.0015 1.0053 1.0099
Pivot 0.9969
Sup. 0.9931 0.9885 0.9847


AUDUSD

The bullish direction is still the dominated direction to the pair for the medium and the short-terms whereas the pair is moving inside the bullish channel, the upper boarder was tested at the end of last week trades which reflected from it down expecting for it a further rise during the intraday trades targeting the resistance level 1.0300, what supports this scenario is a divergence in the stochastic index below the chart.

This expectation depends on the stability of the support level 1.0140.

Res. 1.0276 1.0316 1.0379
Pivot 1.0213
Sup. 1.0171 1.0109 1.0067



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://www.gigfx.com/node/854

EURUSD

The short-term direction of the pair is still bullish. during yesterday trades, a new bullish bottom has been formed at the level 1.3276 which represents 50% Fibonacci correction level for the bearish direction (from 1.3497 to 1.3055) which has been broken up previously, the pair used this bottom to push rising, trying to break the resistance level 1.3393 but it did not succeed till now. the pair still has a target for the cup and handle pattern by reaching the level 1.3497, during the upcoming trades it is expected that, the pair will reach this target after breaking the resistance level 1.3393.

The stability of these expectations requires the stability of the support level 1.32763.


Res. 1.3420 1.3480 1.3565
Pivot 1.3335
Sup. 1.3275 1.3190 1.3130


GBPUSD

On the contrary of yesterday expectations, the pair failed to collect the needed momentum to break the highest levels that the pair achieved at the end of the last week trades and now the pair is trading below the level 1.5475 which represents 23.6% Fibonacci correction level for the last medium-term bearish wave, this supports the expectation of more declining as long as the pair trades below this level targeting the support level 1.5365.

The stability of these expectations requires the stability of the resistance level 1.5475.


RES. 1.5570 1.5652 1.5721
Pivot 1.5501
Sup. 1.5419 1.5350 1.5268


USDCHF

As it was expected for the pair at the end of the last week trades, indeed, it succeeded to reach the support level 0.9325 which was the target of the formed harmonic pattern AB=CD, this level is still holding till now forming a confusion area between the support level 0.9325 and the resistance level 0.9390 so that, it is recommended to observe the price action because breaking this level means the strength of the bearish positions but in the case of breaking the resistance level means the strength of the bullish positions for the short period and the trades of intraday levels for today.
So, if the pair succeeded to break the support level 0.9325 with a good close, it will target immediately the support level 0.9225, but in the case of breaking the resistance level 0.9390, it will target the resistance level 0.9480.

Yesterday analysis is still remaining till now


RES. 0.9371 0.9408 0.9433
Pivot 0.9346
Sup. 0.9309 0.9284 0.9247


USDCAD


The pair is still trading inside the formed bearish channel for the medium and the short-term, the pair has formed a bearish bottom near the support level 0.9878 which represents 161.8% Fibonacci retracement continuous level for the bullish direction ( from 1.0004 to 1.0208 ), the pair was pushed up from this bottom to retest the nearest resistance levels. through the price action bearish direction, a bullish movement from the RSI index were found remaining by that a positive divergence reflecting the bearish direction, whereas the pair targets to test the resistance level 0.9949 during the intraday trades which the price will coincide at it with the upper boarder for the bearish channel , if the pair is able to break these levels up it means rising till the level 1.0053 which represents the targeted price in order to break out from this bearish channel.
This expectation depends on the stability of the support level 0.9878.

Res. 0.9963 0.9989 1.0026
Pivot 0.9926
Sup. 0.9900 0.9863 0.9837


AUDUSD

During the last intraday trades the pair was able to break the lower boarder for the bullish channel which the pair was moving inside it for the medium and the short-term, the pair also was able to break the support level 1.0155 which represents 23.6% Fibonacci retracement correction level for the bullish direction ( from 0.9830 to 1.0255 ), the pair has achieved the targeted price in order to break out from the bullish channel by reaching the support level 1.0065 if the pair formed a bottom at this area which is between the support level 1.0065 and the level 1.0043 which represents 50% Fibonacci retracement correction level for the same bullish direction, the bullish move is expected to retest the level 1.0155 which became a resistant level after breaking it down, but in case of breaking the support level 1.0043 the pair will continue falling to reach the level 0.9930 which represents 76.4% Fibonacci retracement correction level for the same mentioned bullish direction.

Res. 1.0206 1.0246 1.0274
Pivot 1.0181
Sup. 1.0140 1.0114 1.0073


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
Global Investment Gate | GIGFX Bonus 2010

EURUSD

During yesterday trades, the pair did not succeed to break the resistance level 1.3425 to form a new top at this level and this is the second consecutive top at the same level to provide the appearance of the double top pattern that reflects the bearish direction, the existence of this pattern will be confirmed after breaking its bottom which is the support area between the levels 1.3276 and 1.3260. And in this case the pair will target to decline till reaching the level 1.3110 which represents the target of the double top pattern, and in the case of completing forming a new bottom at the support area between the level 1.3276 and 1.3260 that the current trades are around, the possibility of the existence of the pattern that reflects the direction will be ended, then the pair will rise again till reaching the resistance level 1.3425 which with its breaking the pair will rise again to reach the level 1.3497 which represents the target of the cup and handle pattern.

Res. 1.3394 1.3481 1.3532
Pivot 1.3343
Sup. 1.3256 1.3205 1.3118


GBPUSD

Yesterday, the pair was able to collect the needed momentum to break the resistance level 1.5475, this supported the short-term trades and the intraday trades to hit the support level 1.5645 for the second time after the pair tried to break it at the end of the last week trades and did not succeed and still stable till now against the pair second test.
It is important to notice that the strongest level the pair will face is the support level 1.5520 which will determine the direction of the pair during the upcoming trades. if this level held, the pair will immediately rise targeting the resistance level 1.5645 as the first target in this rising.


RES. 1.5669 1.5752 1.5867
Pivot 1.5516
Sup. 1.5478 1.5370 1.5281



USDCHF

Yesterday, the pair rose reaching the resistance level 0.9525 which is still holding against the pair till now, and it is important to notice that this level coincides with the top boarder of the bearish channel in which the pair is moving for the medium period so the expectations refer to the possibility of holding this level against the pair testing and reflecting the pair down trying to correct this rising during the intraday levels targeting the support level 0.9385 which coincides with the medium boarder of this bearish channel.
It is important to note that if the pair succeeded to break the resistance level 0.9525 with a good close above, means the tendency of the pair to gain more rising during the intraday and the medium-term trades and also means its exiting out of this channel to target the resistance level 0.9725 as the first target of this rising.

RES. 0.9561 0.9632 0.9759
Pivot 0.9442
Sup. 0.9367 0.9246 0.9173


USDCAD

As expected through yesterday report, the pair was pushed up breaking the resistance level 0.9949 with breaking the upper boarder for the bearish channel, this bullish move represents the beginning of a correction bullish direction from the expected to be continued during the next trades, whereas the pair is targeting to reach the level 1.0049 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0208 to 0.9889 ) and also represents the target for the broken channel, a further rise is also expected by breaking the resistance level 1.0049 then reaching the level 1.0133 which represents 76.4% Fibonacci retracement correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 0.9964.

Res. 1.0040 1.0097 1.0159
Pivot 0.9978
Sup. 0.9921 0.9859 0.9802


AUDUSD

The pair wasn’t satisfied by reaching the level 1.0065 during yesterday trades which represents the targeted price for the broken down bullish channel but it continued falling breaking the support level 1.0043 which represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9830to 1.0255 ) whereas the pair is trading now near the level 0.9993 which represents 61.8% Fibonacci retracement level for the same mentioned bullish direction which also with breaking it down means falling till the level 0.9930.

This expectation depends on the stability of the resistance level 1.0065.


Res. 1.0136 1.0223 1.0278
Pivot 1.0081
Sup. 0.9994 0.9939 0.9858


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
Global Investment Gate | GIGFX Bonus 2010

EURUSD

As it was expected through yesterday report, the conditions of completing the reversal pattern; double bottom pattern on the short-term bullish direction have been confirmed whereas; the pair was able to break base of the pattern that is the support area between the levels 1.3276 and 1.3260 to continue declining till it reached the target area of the pattern between the levels 1.3125 and 1.3110 it is noticed that the lowest achieved price during yesterday trades is at the level 1.3125, this means that the pair reached the target area. so that if the pair was unable to maintain trading above this level, forming a bottom will be completed and will force the pair to rise again in order to retest the nearest resistance levels, one of which is the resistance level 1.3180 then, it will form a bearish top that will push the pair declining again trying to break the mentioned target area which with its breaking, the pair will continue declining, targeting to reach the level 1.3055 then the level 1.2970.


Res. 1.3277 1.3399 1.3472
Pivot 1.3199
Sup. 1.3074 1.2999 1.2875



GBPUSD

The pair was again unable to break the resistance level 1.5645 yesterday and reflected wavering between rising and declining. It is noticed a round bottom pattern that which is a reversal pattern has been formed for the short period and the most important level in this pattern is 1.5645 which represents the base line of the pattern and also represents 50% Fibonacci correction level for the last bearish wave for the short period.
So it is not recommended to have any bullish positions until breaking the resistance level 1.5645 with a good close above to confirm the tendency of the pair to continue rising targeting the resistance level 1.5880.

The stability of these expectations requires the stability of the support level 1.5440.


RES. 1.5610 1.5706 1.5786
Pivot 1.5530
Sup. 1.5434 1.5353 1.5258



USDCHF

Yesterday, the pair succeeded to exit this bearish channel in which the pair was moving for the medium period after breaking the resistance level 0.9525 that was mentioned yesterday, so that the bullish direction for the intraday levels has been confirmed after breaking this level, expecting more rising during the upcoming trades targeting to test the resistance level 0.9740 which represents the target of exiting this bearish channel.

The stability of these expectations requires the stability of the support level 0.9525.


RES. 0.9736 0.9818 0.9952
Pivot 0.9604
Sup. 0.9524 0.9390 0.9310



USDCAD


During yesterday trades the pair didn't succeed in achieving a good close above the resistance level 1.0011 which represents 38.2% Fibonacci retracement correction level for the bearish direction ( from 1.0208 to 0.9889 ) this was the signal of returning the pair again to the bearish move, the pair has already fell achieving the lowest price for this trades at the level 0.9930, it's expected with breaking this level that the pair will fall till the support level 0.9889 which with breaking it the pair will continue the bearish direction for the medium-term to reach the level 0.9830.

This expectation depends on the stability of the resistance level 1.0011.


Res. 1.0008 1.0062 1.0100
Pivot 0.9970
Sup. 0.9916 0.9878 0.9824


AUDUSD

As noticed in the chart, the pair on it's way to form a bullish bottom for the long-term getting use of the bullish trend line for the long-term and also the support level 0.9930 which represents 76.4% Fibonacci retracement correction level ( from 0.9830 to 1.0255 ). the stability of the trades above the trend line and above the support level means that truth of the bullish bottom appearance then rising till the resistance level 1.0065 which with breaking it up means that the pair will be able to rise again till the level 1.0115.
This expectation depends on the stability of the support level 0.9930.


Res. 1.0056 1.0125 1.0175
Pivot 1.0006
Sup. 0.9943 0.9898 0.9828



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://gigfx.com/node/854

EURUSD

As expected through yesterday report, the pair was able to break the support area between the levels 1.3125 and 1.3110 to continue declining till reached the previously mentioned support levels at 1.3055 then reached the level 1.2970 that the pair is trading around now. It is expected that the pair will continue its downtrend which is dominating the pair during the last trades but under the condition of breaking the support level 1.2970 which with its breaking down means more declining till reaching the level 1.2830 which represents 127% Fibonacci continuous level for bullish move (from 1.2968 to 1.3497).

Res. 1.3113 1.3233 1.3290
Pivot 1.3056
Sup. 1.2942 1.2882 1.2768


GBPUSD

For the third straight week, the pair is moving around the level 1.5475 which was a support level for the pair yesterday and was unable to hold and the pair broke it at the end of the American period trades and remained trading under it during the Asian period trades for this day and more declining is expected targeting to retest the support level 1.5410.
So it is not recommended to have any bearish positions until breaking the support level 1.5410 to target then the support level 1.5350 as the first target for this downtrend.

The stability of these expectations requires the stability of the resistance level 1.5475.


RES. 1.5545 1.5609 1.5655
Pivot 1.5494
Sup. 1.5423 1.5378 1.5310


USDCHF

Yesterday, the pair succeeded to exit this bearish channel in which the pair was moving for the medium period after breaking the resistance level 0.9525 that was mentioned yesterday, so the bullish direction for the intraday levels has been confirmed after breaking this level, expecting more rising during the upcoming trades targeting to test the resistance level 0.9740 which represents the target of exiting this bearish channel.

The stability of these expectations requires the stability of the support level 0.9525.




RES. 0.9704 0.9754 0.9801
Pivot 0.9657
Sup. 0.9607 0.9560 0.9510


USDCAD

The pair didn't succeed in breaking the support level 0.9930 to form a new bottom and used it to rise to retest the nearest resistance levels, this formed bottom gives a probability of a negative harmonic pattern (AB=CD) existence whereas the BC rib is 76.4% Fibonacci retracement correction level for the AB rib. Therefore it's expected that the harmonic pattern will be completed and the CD rib at 127% Fibonacci retracement continuous level for the BC rib, therefore with breaking the resistance level 1.0011 the pair will continue rising till the resistance area which is between the level 1.0049 which represents 50% Fibonacci retracement correction level for the bearish direction ( from 1.0208 to 0.9889 ) and the level 1.0065 which represents 127% Fibonacci retracement continuous level for the BC rib and this area represents the complement D point for the harmonic pattern.

This expectation depends on the stability of the support level 0.9930.


Res. 0.9998 1.0032 1.0073
Pivot 0.9957
Sup. 0.9923 0.9882 0.9848


AUDUSD

The pair has returned again to trade below the bullish trend line for the long-term giving a strong signal on continuing forming the bearish direction for the short-term which will be confirmed with breaking the support level 0.9930 which represents 76.4% Fibonacci retracement correction level for the bullish direction (from 0.9830 to 1.0255) and in this case the pair will reach the next support level at the level 0.9830.

This expectation depends on the stability of the resistance level 0.9990.


Res. 0.9992 1.0043 1.0074
Pivot 0.9962
Sup. 0.9910 0.9878 0.9828


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://www.gigfx.com/node/854

EURUSD

The European currency is still declining deeply against the American dollar, the end of the last week trades saw a new downtrend pushed the pair to break the important support level 1.2970; this breaking shifted the strength of the bearish positions on the pair and caused the continuation of forming short and medium-terms downtrend, it is expected that the pair will continue declining targeting the level 1.2823 which represents 161.8% Fibonacci continuous level for the uptrend (from 1.3055 to 1.3430) at which the price expected to coincide with the pitchfork bottom line on the same direction that mentioned before.

The stability of these expectations requires the stability of the resistance level 1.2970.

Res. 1.2987 1.3062 1.3103
Pivot 1.2946
Sup. 1.2872 1.2832 1.2755


GBPUSD

The pair is moving around the only level 1.5475 for the third straight week which was a resistance level for the pair and was unable to be stable and the pair succeeded to break it and closed the last week trades above reaching to test the resistance level 1.5545 which is still stable against the pair testing till now, with expectations of more rising during the upcoming trades but under the condition of breaking this level with a good close above.
So that, it is not recommended to have any bullish positions until breaking the resistance level 1.5545 to target then the resistance level 1.5640 as the first target of this rising.
The stability of these expectations requires the stability of the support level 1.4575.


RES. 1.5622 1.5689 1.5795
Pivot 1.5513
Sup. 1.5448 1.5338 1.5270


USDCHF

Yesterday, the pair succeeded to exit this bearish channel in which the pair was moving for the medium period after breaking the resistance level 0.9525 that was mentioned yesterday, so the bullish direction for the intraday levels has been confirmed after breaking this level, expecting more rising during the upcoming trades targeting to test the resistance level 0.9740 which represents the target of exiting this bearish channel.

The stability of these expectations requires the stability of the support level 0.9525.


Yesterday analysis is still remaining till now


RES. 0.9706 0.9741 0.9793
Pivot 0.9654
Sup. 0.9617 0.9567 0.9532


USDCAD

The issued Canadian data through the end of last week is positive which pushed the Canadian dollar up against the U.S dollar again, this bullish move for the Canadian dollar reflects forming the pair a new bearish top near the resistance level 1.0011 pushed from it the pair down to retest the nearest resistance level from it the level 0.99889 which the pair trades near it during the intraday trades, in case of willing the pair of continue forming the bearish directions; the support level 0.9889 must be broken then the pair will continue falling till the next support level at 0.9830, this bearish scenario depends on the stability of the bearish trend line for the short-term with the stability of the resistance level 1.0011.


Res. 0.9984 1.0045 1.0088
Pivot 0.9941
Sup. 0.9880 0.9837 0.9776


AUDUSD

The pair direction is still the bearish direction for the short-term, whereas the trades are still below the bullish trend line for the medium and the short-term which as broken down before, during the last intraday trades it's noticed that the pair is in the process of forming a continuous pattern for the bearish direction, which is the symmetrical triangle and this pattern came to support the dominant bearish direction till now on the pair trading, it's expected that with breaking the lower board of the pattern and also with breaking the support level 0.9905 to continue the pair falling till the support level 0.9830 which represents the targeted price for the pattern.
This expectation depends on the stability of the resistance level 0.9990.


Res. 1.0004 1.0039 1.0089
Pivot 0.9954
Sup. 0.9919 0.9868 0.9834


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://www.gigfx.com/node/854

25$ bonus account promotion is Extended !!
http://gigfx.com/node/3889

EURUSD

The bearish direction is still dominating the pair trades till now whereas, the pair continued declining during yesterday trades forming a new bearish bottom at the level 1.2875, the pair used this bottom to push rising to re-test the nearest resistance levels. till now the pair is still unable to pass the resistance level 1.2970 so, if this level continued stable, it is expected that the pair will decline again to re-test the support level 1.2875 which with its breaking down means continuation of forming downtrend till reaching the level 1.2823 which represents 161.8% Fibonacci continuous level for the bullish direction (from 1.3055 to 1.3430). In the case that the pair succeeded to overcome the resistance level 1.2970 means the beginning of a corrective uptrend for the last bearish wave targeting to reach the level 1.3055.

Res. 1.2985 1.3019 1.3075
Pivot 1.2929
Sup. 1.2892 1.2832 1.2805



GBPUSD

As it was expected yesterday, the trades of the pair were confused whereas, the pair declined and reached the support level 1.5475 to collect the needed momentum in order to continue rising and close above the resistance level 1.5560. The pair now is almost finishing the stage of forming the harmonic pattern AB=CD to target then the resistance level 1.5645 during the intraday levels for today finishing the last rib of the pattern (CD) at this level.

The stability of these expectations requires the stability of the support level 1.5475.


RES. 1.5625 1.5678 1.5753
Pivot 1.5549
Sup. 1.5497 1.5421 1.5369


USDCHF

Yesterday, the pair succeeded to reach the resistance level 0.9740 but shifted down just when reached it, moving in a sideways direction during the last two days with the expectations of more rising during today's trades, but it is not recommended to have any bullish positions until breaking the resistance level 0.9740 in order to be the target of the pair is reaching the resistance level 0.9880 to test it which represents 76.4% Fibonacci correction level for the last medium-term bearish wave.

The stability of these expectations requires the stability of the support level 0.9595.

RES. 0.9724 0.9774 0.9821
Pivot 0.9677
Sup. 0.9627 0.9577 0.9530


USDCAD

Yesterday, the pair trades were in a narrow range, confused and volatile, this narrow trades is needed in collecting the momentum which will the pair use to form the next trades direction. if the pair breaks the support level 0.9889, it will continue falling till reaching the next support level at 0.9830 and in case of breaking the bearish trend line for the short-term, the pair will continue rising till the resistance level 1.0011which also with breaking it up the pair will be able to form the bullish correction direction for the last bearish direction which has started from the level 1.0208


Res. 0.9971 1.0012 1.0044
Pivot 0.9940
Sup. 0.9899 0.9868 0.9827


AUDUSD

The pair direction is still the bearish direction for the medium and the short-terms, as mentioned in yesterday report, the pair is a bearish targeted price for the symmetrical triangle by reaching the support level 0.9830 which was achieved during the last intraday trades, expecting a force on the pair trades that will continue falling to reach the level 0.9715 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9830 to 1.0255 ) reaching this targeted price; the support level 0.9830must be broken with a good close below it.

This expectation depends on the stability of the resistance level 0.9905

Res. 0.9995 1.0036 1.0093
Pivot 0.9938
Sup. 0.9897 0.9840 0.9799



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://gigfx.com/node/854

25$ bonus account promotion is Extended !!
http://gigfx.com/node/3889

EURUSD

last week trades saw a new rising for the European currency against the U.S dollar where the pair registered the highest price of these trades at the level 1.3457 and despite of this rising, the pair did not achieved a good close above the resistance level 1.3383 where the pair was pushed declining to re-test the support level 1.3320. The last week trades were consolidating between the resistance level 1.3383 and the support level 1.3320 and this week trades are also confined between these levels which represent the rectangle harmonic pattern, the resistance level 1.3383 performs as the top boarder and the support level 1.3320 performs as the bottom boarder, so it is expected with breaking any boarder of this harmonic pattern, the pair will continue the new direction and this means that if the pair broke the top boarder of this harmonic pattern, it will rise till reaching the targeted area between the levels 1.3446 and 1.3457. but if the pair broke the bottom boarder of this harmonic pattern, it will decline till reaching the targeted area between the levels 1.3255 and 1.3234 which represents 38.2% Fibonacci correction level for the bearish direction (from 1.2874 to 1.3457).

Res. 1.3450 1.3525 1.3593
Pivot 1.3382
Sup. 1.3307 1.3239 1.3164


GBPUSD

As it was expected previously, the pair succeeded to rise during last week trades whereas, the pair broke the resistance level 1.5775 and reached the resistance level 1.5880 and it is noticed that this level is holding against the pair testing expecting a corrective reflection to the pair during the upcoming intraday levels, targeting to re-test the broken price during the last week trades at the level 1.5775 as a support bottom that the pair will use to collect the needed momentum in order to continue rising.
It is important to mention that the inability of the level 1.5775 to hold against the pair re-testing will push the pair to reach the support level 1.5695 during today's trades.

The stability of these expectations requires the stability of the resistance level 1.5880.




RES. 1.5897 1.5932 1.5976
Pivot 1.5854
Sup. 1.5818 1.5778 1.5793


USDCHF

The resistance level 0.9740 succeeded to hold against the pair testing for the second straight time, this was on the contrary of the expectations that referred to more rising in order to shift the direction of the pair to the possibility of continuing the bearish direction during today's intraday levels to led the expectation of reaching the pair to test the support level 0.9595 which represents 38.2% Fibonacci correction level for the last long-term bearish wave, this level is an important one because of determining the direction of the pair during today's intraday trades so that, if the pair succeeded to break this level, it will target the support level 0.9485 so the bearish direction will be confirmed during the intraday levels and the short-term.
The stability of these expectations requires the stability of the resistance level0.9740.


RES. 0.9685 0.9724 0.9766
Pivot 0.9645
Sup. 0.9607 0.9564 0.9520



USDCAD

As mentioned in the chart; it's noticed that the pair is taking from the bearish direction for the medium and the short-terms a main sign for it, and this bearish direction is embodied through the movement inside the bearish channel, whereas the pair has formed a bearish top at the resistance level 0.9975 which coincides with the top boarder for the channel, the pair was pushed down from this top to retest the nearest support levels, whereas the intraday trades are around the support level 0.9877 which represents 76.4% Fibonacci retracement correction level for the bullish direction ( from 0.9846 to 0.9975). if the pair formed a new bottom at this level, the pair will continue rising again to retest the nearest resistance levels with testing the top boarder for the bearish channel which with breaking it up means a beginning of a correction bullish direction for a short-term, but in case of breaking the support level 0.9877 down means a further drop searching to form a new bearish bottom which is expected to be at the level 0.9812 which represents 127% Fibonacci retracement continuous level for the same bullish direction.
To reach this level, the support level 0.9846 must be broken.


Res. 0.9951 1.0009 1.0043
Pivot 0.9917
Sup. 0.9859 0.9825 0.9767


AUDUSD

The support level 0.9945 didn't succeed on stopping the bearish move which has began from the level 1.0018 and is nearly located at 50% Fibonacci retracement correction level for the bearish direction (from 1.0254 to 0.9803) and this bearish move was continued during last week trades until the pair found a good support level at 0.9850 where a new bottom were formed at it which the pair is still trading above. with the beginning of this week trades, if the pair didn't succeed on breaking this level down means a further drop till the next support level at 0.9803 which represents a major support level to the pair for the medium and the short-terms, if the pair keeps trading above this level means that the pair will return again to rise retesting the nearest resistance levels, but with breaking this level, it means that the bearish direction for the medium-term are continuing towards the support level 0.9740.


Res. 0.9972 1.0055 1.0115
Pivot 0.9912
Sup. 0.9831 0.9778 0.9688


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about our 25$ Bonus Account Promotion, please visit:
http://gigfx.com/node/3889

EURUSD

Yesterday trades saw declining the European currency against the U.S dollar, this declining came to correct the last bullish wave of the euro, it is noticed through this declining that the pair broke down the bottom boarder of the rectangle pattern that has been referred to it through yesterday report to continue declining, achieving the target of the rectangle pattern by reaching the support area between the levels 1.3255 and 1.3234 that represents 38.2% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3457), the pair formed a consecutive bottoms at the mentioned area with a strong signal that the short-term correction is finished at these levels. It is noticed through the Asian period trades that the pair returned rising to re-test the bottom boarder of the rectangle pattern at the resistance level 1.3320 and if the pair broke this level up during the upcoming trades, it will continue rising, targeting the level 1.3383 which with its breaking up the pair will rise targeting to re-test the resistance level 1.3457.

The stability of these expectations requires the stability of the support level 1.3234.

Res. 1.3370 1.3445 1.3513
Pivot 1.3302
Sup. 1.3230 1.3166 1.3089


GBPUSD

Yesterday trades saw declining the European currency against the U.S dollar, this declining came to correct the last bullish wave of the euro, it is noticed through this declining that the pair broke down the bottom boarder of the rectangle pattern that has been referred to it through yesterday report to continue declining, achieving the target of the rectangle pattern by reaching the support area between the levels 1.3255 and 1.3234 that represents 38.2% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3457), the pair formed a consecutive bottoms at the mentioned area with a strong signal that the short-term correction is finished at these levels. It is noticed through the Asian period trades that the pair returned rising to re-test the bottom boarder of the rectangle pattern at the resistance level 1.3320 and if the pair broke this level up during the upcoming trades, it will continue rising, targeting the level 1.3383 which with its breaking up the pair will rise targeting to re-test the resistance level 1.3457.

The stability of these expectations requires the stability of the support level 1.3234.

RES. 1.5948 1.6010 1.6067
Pivot 1.5891
Sup. 1.5829 1.5772 1.5710


USDCHF

The resistance level 0.9740 succeeded to hold against the pair testing for the second straight time, this was on the contrary of the expectations that referred to more rising in order to shift the direction of the pair to the possibility of continuing the bearish direction during today's intraday levels to led the expectation of reaching the pair to test the support level 0.9595 which represents 38.2% Fibonacci correction level for the last long-term bearish wave, this level is an important one because of determining the direction of the pair during today's intraday trades so that, if the pair succeeded to break this level, it will target the support level 0.9485 so the bearish direction will be confirmed during the intraday levels and the short-term.
The stability of these expectations requires the stability of the resistance level 0.9740.
The previous analysis is still remaining


RES. 0.9672 0.9698 0.9722
Pivot 0.9648
Sup. 0.9622 0.9598 0.9572


USDCAD

The pair has succeeded yesterday on breaking the support level 0.9877 to continue falling, keeping forming the directions for the medium and the short-terms which embodied through the movement inside the bearish channel, expecting that the yesterday scenario will be continued till reaching the pair the level 0.9812 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9847 to 0.9975 ). Reaching this level, the support level 0.9847 must be broken. It is expected that the price will coincide by reaching the support level 0.9812 with the bottom boarder for the bearish channel expecting to form a bearish bottom which the pair will use to rise again to retest the nearest resistance levels.


Res. 0.9892 0.9916 0.9935
Pivot 0.9873
Sup. 0.9849 0.9835 0.9806


AUDUSD

As noticed in the chart; the pair is in process of forming a harmonic pattern ( Gartley ) in which the AB rib has came by 50% Fibonacci retracement correction level for the XA rib and the BC rib which represents 76.4% Fibonacci retracement correction level for the AB rib, so it is expected that the pattern will be completed at the D point which is located at the confined area between the level 1.0060 which represents 127% Fibonacci retracement correction level for the BC rib and the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the XA rib therefore with continuing the pair rising during the next trades and breaking the resistance level 1.0018 which represents the B point, the pair will continue rising to form the CD rib which is expected to be completed at the mentioned area.
This expectation depends on the stability of the support level 0.9850.

Res. 0.9980 1.0025 1.0085
Pivot 0.9920
Sup. 0.9875 0.9815 0.9770


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about our 25$ Bonus Account Promotion, please visit:
http://gigfx.com/node/3889

EUR/USD
Yesterday trades saw more rising for the European currency against the U.S dollar whereas, by reaching the level 1.3538 the pair registered the 5 weeks highest price, this rising was after breaking the resistance level 1.3457 that represents the point B of the harmonic pattern AB=CD. After reaching the level 1.3538, the pair formed a top at which it was pushed declining to re-test the nearest support levels. A bottom has been formed during the last intraday trades between the level 1.3457 and the support level 1.3425 at which the price coincided with the bullish trend line that matches the point A with the point C. it is expected during the upcoming trades that the pair will use this bottom to rise again targeting to re-test the level 1.3538 which with its breaking up the pair will target to reach the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. The target of this rising is to complete forming the rib CD which is expected to be finished at the area of the point D between the level 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850. In order to reach this area, the pair should break the resistance levels 1.3589 and 1.3670 which represent Fibonacci's continuous levels for the rib BC.
The stability of these expectations requires the stability of the support level 1.3425.

Res: 1.3551 1.3629 1.3721
Pivot: 1.3459
Sup: 1.3381 1.3289 1.3211


GBP/USD
The bullish direction is still dominating the short and medium-terms move of the pair, the pair succeeded while rising to break the level 1.5930 at the beginning of this week trades to confirm the tendency of the pair to continue rising and expecting more rising during today's intraday levels, targeting the resistance level 1.6070 but under the condition of holding the support level 1.5930 but in case of breaking this level during today's intraday trades, the pair will push down in order to re-test the support level 1.5820.
The previous analysis is still remaining till now

Res: 1.6038 1.6083 1.6130
Pivot: 1.5991
Sup: 1.5946 1.5899 1.5854



USD/CHF
As it was expected yesterday, the pair succeeded to break the support level 38.2% Fibonacci correction level for the last bearish wave for the medium-term. this confirms the tendency of the pair to continue declining during today's intraday levels targeting the support level 0.9485 that represents 23.6% Fibonacci correction level and also represents 61.8% Fibonacci correction level for the last bearish wave for the short period but this vision is under the condition of holding the 0.9595 resistance level steady that held against the pair re-testing yesterday to confirm the strength of this expected scenario.

Res: 0.9623 0.9699 0.9751
Pivot: 0.9571
Sup: 0.9495 0.9443 0.9367



USD/CAD
The pair has succeeded during yesterday trades on breaking the resistance level 0.9933, this bullish move came after forming a bottom at the level 0.9887 and this bullish move has continued after breaking the mentioned resistance level till it reached the top boarder for the bearish channel for the medium-term, whereas the last intraday trades has seen the breaking of this top boarder up with a good close above it, breaking this boarder remains a strong sign on beginning forming a bullish correction direction but to confirm this direction; the resistance level 0.9976 must be broken which represents 38.2% Fibonacci retracement correction level for the bearish direction ( from 1.0207 to 0.9833 ), if this condition has been done the pair will continue rising to the targeted price area to get out of the bearish confined channel between the level 1.0100 and the level 1.0119 which represents 76.4% Fibonacci retracement correction level for the same mentioned bearish direction, in case of failing this rising condition; the pair will be pushed to trade below the top boarder for the bearish channel again reaching again the level 0.9887 which with breaking it down means a further drop till the level 0.9833.

Res: 0.9984 1.0013 1.0062
Pivot: 0.9935
Sup: 0.9906 0.9857 0.9828



AUD/USD
The negative harmonic pattern Gartley has been completed by reaching the area D point which is confined between the level 1.0060 which represents 127% Fibonacci retracement continuous level for the BC rib and the level 1.0082 which represents 61.8% Fibonacci retracement correction level for the XA rib, whereas a top has formed at the mentioned area which coincides with the trend line that matches the B point and the D point, the pair has been pushed down from this formed top to retest the bullish trend line which matches the A point and the C point, whereas it is expected that this line will coincide with the support level 0.9909, if a bullish bottom formed at this area means rising the pair again to retest the D point area, but in case of breaking the support level 0.9909 with breaking the trend line, the pair will continue falling reaching the level 0.9850 declaring that the pair is able to continue forming the bearish directions for the medium-term.

Res: 1.0067 1.0128 1.0181
Pivot: 1.0014
Sup: 0.9953 0.9900 0.9839


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about our 25$ Bonus Account Promotion, please visit:http://gigfx.com/node/3889

EURUSD

The EUR\USD pair remains the bullish direction for the short and medium periods although yesterday’s declining, as the pair could not break the support level 1.3425 to form a new bottom at this level. The pair also formed a symmetrical triangle that is supposed to continue the bullish direction previously. to confirm the continuation of the bullish direction, the pair must break the triangle’s top boarder at 1.3515 level; it will continue rising to target the (D) point for the harmonic pattern (AB=CD), the pair is expected to rise targeting 1.3589 resistance level that represents 161.8% continuous level for the rib (BC), to continue forming (CD) rib that is supposed to end by reaching the (D) area between 1.8302 that represents 261.8% continuous level for the (BC) rib and 1.3850, and to reach this area the pair must break the resistances 1.3585 and 1.3670 that represents the continuous levels for the (BC) rib.

This analyze requires the stability of the support level 1.3425.

Res. 1.3531 1.3590 1.3658
Pivot 1.3463
Sup. 1.3404 1.3336 1.3277


GBPUSD

The level 1.5930 was not able to hold against the pair testing for it during yesterday trades, the price was able to break this level down leading the pair to get out of the bullish channel which the pair was moving inside it during the last two weeks to question the ability on continuing the bullish direction for the short-term and the intraday levels.
Therefore it's expected that the pair will target the support level 1.5821 as the first price target but firstly, the resistance level 1.5930 must be stable against retesting the pair for it.

RES. 1.5989 1.6083 1.6158
Pivot 1.5914
Sup. 1.5823 1.5745 1.5651


USDCHF

Yesterday the pair was able to rise breaking the resistance level 0.9595 unlike the expectations which was mentioned by a further drop for the pair, the pair direction during this week trades has formed a reflective pattern for the bearish direction for the short-term and the intraday levels which is the bearish wedge and the pair was already able to break the top boarder for this pattern during yesterday trades which gives expectations for a further rise for the pair targeting the resistance level 0.9740 during the intraday levels.

This expectation depends on the stability of the support level 0.9595.

RES. 0.9729 0.9785 0.9886
Pivot 0.9628
Sup. 0.9572 0.9471 0.9415


USDCAD

As noticed in the chart, the pair was able to break the top boarder for the bearish channel for the medium-term as well as breaking the resistance level 0.9976 which represents 38.2% Fibonacci retracement correction level for the bearish direction ( from 1.0207 to 0.9833 ), also it is noticed that the bullish movement which began from the level 0.9833 is a constant wavy move, after getting out from the channel the pair has ended forming the bullish wave number ( 3 ) by reaching the level 1.0020 which represents 50% Fibonacci retracement correction level for the same bearish direction. during the current time the trades are near to the correction wave bottom number ( 4 ) which is supposed to continue forming this bottom wave at the level 0.9950 in which the price coincides with the top boarder for the bearish channel which was broken up before, to begin from this bottom forming the number ( 5 ) wave which was expected to be continued at this target price area to get out of this bearish channel, this area is located between the level 1.0100 and the level 1.0119 which represents 76.4% Fibonacci retracement correction level for the same mentioned bearish direction.
This expectation depends on the stability of the support level 0.9935.

Res. 1.0016 1.0062 1.0096
Pivot 0.9982
Sup. 0.9936 0.9902 0.9856


AUDUSD

The pair was able to break the (AC) trend line for the Gartley pattern during yesterday trades, the breaking point coincided with passing the support level 0.9909 to continue falling to reach the support level 0.9850 that represents © point, the pair is trying during the current trades to form a bottom at this level, which if the pair succeeded to do the pair may rise again in order to retest 0.9909, but if the pair was able to break 0.9850 the pair will continue falling to target 0.9803, and if the pair broke this level it will confirm the strength of the bearish direction for the medium period to target initially 0.9730 that represents 127% continuous level for the bullish move (from 0.9803 to 1.0075).

Res. 0.9972 1.0077 1.0148
Pivot 0.9901
Sup. 0.9796 0.9725 0.9626


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit:
http://gigfx.com/node/3889

EUR/USD

As it was expected through the report of the last week end the pair continued forming the bullish direction for the short and medium periods whereas, the pair succeeded to break the top boarder of the bullish triangle pattern at the resistance level 1.3515 then continued forming the bullish rib of the harmonic pattern AB=CD. The pair registered the highest price at the level 1.3624 breaking the resistance level 1.3589 that represents 161.8% Fibonacci continuous level for the rib BC. It is expected for the upcoming trades that the pair will rise but under the condition of breaking the resistance level 1.3624 then it will target to reach the area of the point D that completes the harmonic pattern which is between the level 1.3802 that represents 261% Fibonacci continuous level for the rib BC and the level 1.3850 and in order to reach this area, the pair should break the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib BC.
The stability of these expectations requires the stability of the support level 1.3515.

Res. 1.3683 1.3745 1.3866
Pivot 1.3562
Sup. 1.3500 1.3379 1.3317


GBP/USD


The bullish direction is still dominating the move of the pair for the short and medium periods, at the end of the last week trades the pair declined, correcting this bullish direction till reached to test the support level 1.5885 which held against the pair testing and this is what pushed the pair up again expecting more rising during today's intraday trades targeting the resistance level 1.6130 which coincide with testing the pair to the medium line of the pitchfork bullish channel that was formed due to the corrective short wave at the end of the last week trades.
The stability of these expectations requires the stability of the support level 1.5885.

RES. 1.6059 1.61111.6208
Pivot 1.5962
Sup. 1.5910 1.5813 1.5761


USD/CHF


It is noticed in this chart that the pair formed a harmonic pattern (Gartley), the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
RES: 0.9657 0.9729 0.9772
PIVOT: 0.9614
SUP: 0.9542 0.9499 0.9427



USD/CAD


The U.S dollar fell against the main currencies has the greatest effect on the pair’s declining during last week trades whereas the pair was pushed down breaking the support level 0.9950 which was expected to be formed at it a bullish bottom but the pair continued falling to retest the top boarder for the bearish channel which was broken up before whereas a bottom was formed at the level 0.9905, the pair rose from it to retest the level 0.9950, after the last bearish move; a confusion area may be formed between the resistance level 0.9950 and the support level 0.9905 therefore it's expected for the next trades that it will take a clear direction after breaking one of these two levels, if the resistance level 0.9950 is broken and a good close above it, the pair will continue rising retesting the resistance level 1.0020, in case of breaking the support level 0.9905 and a good close below it, the pair will continue falling reaching the support level 0.9833.

RES: 0.9982 1.0023 1.0061.
PIVOT: 0.9944
SUP: 0.9903 0.9865 0.9824


AUD/USD

The last pair trades was confined between the support level 0.9840 and the resistance level 0.9909, and this narrow trades is expected to collect the momentum which the pair will use to form the next trades direction, if the resistance level 0.9909 is broken the pair will continue rising to retest the bullish trend line which was broken down before, it’s expected that the retest point will coincide with the resistance level 0.9975, but in case of breaking the support level 0.9840 the pair will continue forming the next bearish directions for the medium-term reaching the level 0.9730 which represents 127% Fibonacci retracement continuous level for the bullish direction ( from 0.9803 to 1.007)

RES: 0.9929 0.9961 1.0007
PIVOT: 0.9883
SUP: 0.9851 0.9805 0.9773



Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about our 25$ Bonus Account Promotion, please visit:
http://gigfx.com/node/3889

EUR/USD
The Euro continued rising against the U.S dollar, forming the rib CD of the harmonic pattern AB=CD that was mentioned through the previous reports. Yesterday trades saw the pair success in breaking the resistance level 1.3624 then continued rising till reached the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib CD, the pair did not succeed to break this level up till now, so it is expected at the upcoming trades, the pair will try to break this level which with its breaking up the pair will continue rising to reach the D area that completes the harmonic pattern which is located between the level 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850.
The stability of these expectations requires the stability of the support level 1.3589.

RES: 1.3701 1.3765 1.3846
PIVOT: 1.3630
SUP: 1.3556 1.3475 1.3411



GBP/USD
The bullish direction is still dominating the pair move for the short and medium periods, the move of the pair during the last two days since the trades of the last week ended and the beginning of this week trades was a sideways one, forming a continues pattern for the bullish direction (head and shoulders pattern). the pair also is in the forming stage of a harmonic pattern AB=CD and is moving in the last wave of this pattern (CD), these two patterns requires succeeding the pair to break the resistance level 1.6010 that still holding the pair till now.
So if the pair was able to break the resistance level 1.6010, it will target to reach the resistance level 1.6095 as the first target for this rising and to complete the harmonic pattern AB=CD, and in the case of the continuation of rising and breaking this level, it will target to reach the resistance level 1.6180 that represents the target of the formed pattern.
The stability of these expectations requires the stability of the support level 1.5885.

RES:1.6025 1.6064 1.6117
PIVOT: 1.5972
SUP: 1.5933 1.5880 1.5841



USD/CHF
In this chart, the pair formed a harmonic pattern (Gartley) where the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.

RES: 0.9585 0.9678 0.9735
PIVOT: 0.9528
SUP: 0.9435 0.9378 0.9285



USD/CAD
Yesterday's trades for the pair saw the retesting of the resistance level 0.9976 in which it didn't succeed on breaking it up forming a bearish top at this level which pushed the pair down to retest the support level 0.9905, through this movement which is between rising and falling it's noticed of existence the ( 1.2.3 ) pattern which shows the bearish direction that will be confirmed with breaking the support level 0.9905 which represents the ( 2 ) point, the pair will target the bearish move till the targeted price area which is between the support level 0.9860 and the support level 0.9833.
This expectation depends on the stability of the resistance level 0.9976.

RES: 0.9970 1.0007 1.0034
PIVOT: 0.9943
SUP: 0.9906 0.9879 0.9842



AUD/USD
As expected in yesterday report, the pair was able to break the resistance level 0.9909 to continue rising till it reached the resistance level 0.9975 which didn't sufficient by reaching this level during yesterday trades to continue rising achieving the highest price at the level 1.0019, So it's expected that this rise pushing will be continued during the next trades and for further confirmation for this bullish move the level 1.0019 must be broken and with breaking it up means a further rise till the resistance level 1.0082 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0254 ).
This expectation depends on the stability of the support level 0.9909.

RES: 1.0039 1.0107 1.0195
PIVOT: 0.9951
SUP: 0.9882 0.9795 0.9727

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

To know more about out Christmas Promotion, please visit: http://www.gigfx.com/node/854

EUR/USD
The Euro continued rising against the U.S dollar, forming the rib CD of the harmonic pattern AB=CD that was mentioned through the previous reports. Yesterday trades saw the pair success in breaking the resistance level 1.3624 then continued rising till reached the resistance level 1.3670 that represents 200% Fibonacci continuous level for the rib CD, the pair did not succeed to break this level up till now, so it is expected at the upcoming trades, the pair will try to break this level which with its breaking up the pair will continue rising to reach the D area that completes the harmonic pattern which is located between the level 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850.
The stability of these expectations requires the stability of the support level 1.3589.

RES: 1.3701 1.3765 1.3846
PIVOT: 1.3630
SUP: 1.3556 1.3475 1.3411



GBP/USD
The bullish direction is still dominating the pair move for the short and medium periods, the move of the pair during the last two days since the trades of the last week ended and the beginning of this week trades was a sideways one, forming a continues pattern for the bullish direction (head and shoulders pattern). the pair also is in the forming stage of a harmonic pattern AB=CD and is moving in the last wave of this pattern (CD), these two patterns requires succeeding the pair to break the resistance level 1.6010 that still holding the pair till now.
So if the pair was able to break the resistance level 1.6010, it will target to reach the resistance level 1.6095 as the first target for this rising and to complete the harmonic pattern AB=CD, and in the case of the continuation of rising and breaking this level, it will target to reach the resistance level 1.6180 that represents the target of the formed pattern.
The stability of these expectations requires the stability of the support level 1.5885.

RES:1.6025 1.6064 1.6117
PIVOT: 1.5972
SUP: 1.5933 1.5880 1.5841



USD/CHF
In this chart, the pair formed a harmonic pattern (Gartley) where the possibility of forming this pattern raised after the price hit the resistance level 0.9658 that coincides with 61.8% Fibonacci correction level for the wave AB and reflected the pair down targeting the support level 0.9520 that represents the point B of the pattern.
It is expected that the pair will decline targeting the level of the point B and if the pair succeeded to break this level, formation the pattern will be confirmed and then the pair will target to reach the end of the wave CD that its target supposed to be at the level 0.9425 that coincides with 161.8% Fibonacci continuous level for the wave BC and also 76.4% Fibonacci correction level for the wave XA.
The stability of these expectations requires the stability of the resistance level 0.9685.
Yesterday analysis is still remaining till now

RES: 0.9585 0.9678 0.9735
PIVOT: 0.9528
SUP: 0.9435 0.9378 0.9285



USD/CAD
Yesterday's trades for the pair saw the retesting of the resistance level 0.9976 in which it didn't succeed on breaking it up forming a bearish top at this level which pushed the pair down to retest the support level 0.9905, through this movement which is between rising and falling it's noticed of existence the ( 1.2.3 ) pattern which shows the bearish direction that will be confirmed with breaking the support level 0.9905 which represents the ( 2 ) point, the pair will target the bearish move till the targeted price area which is between the support level 0.9860 and the support level 0.9833.
This expectation depends on the stability of the resistance level 0.9976.

RES: 0.9970 1.0007 1.0034
PIVOT: 0.9943
SUP: 0.9906 0.9879 0.9842



AUD/USD
As expected in yesterday report, the pair was able to break the resistance level 0.9909 to continue rising till it reached the resistance level 0.9975 which didn't sufficient by reaching this level during yesterday trades to continue rising achieving the highest price at the level 1.0019, So it's expected that this rise pushing will be continued during the next trades and for further confirmation for this bullish move the level 1.0019 must be broken and with breaking it up means a further rise till the resistance level 1.0082 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0254 ).
This expectation depends on the stability of the support level 0.9909.

RES: 1.0039 1.0107 1.0195
PIVOT: 0.9951
SUP: 0.9882 0.9795 0.9727

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

25% Bonus account promotion is extended.
For more information please visit:
http://gigfx.com/node/3889

EUR/USD
As it is noticed in this chart, the pair is trying to break the top boarder of the ascending triangle pattern where the intraday trades are around the resistance level 1.3690 in a strong signal that the pair is tending to continue forming short and medium-term uptrends. it is expected that the pair will complete forming the remaining part of the bullish rib CD of the harmonic pattern AB=CD during the upcoming trades, which will be completed by reaching the area of the point D between the levels 1.3802 that represents 261.8% Fibonacci continuous level for the rib BC and the level 1.3850.
The stability of these expectations requires the stability of the support level 1.3589.

RES: 1.3471 1.3770 1.3820
PIVOT: 1.3691
SUP: 1.3662 1.3612 1.3583



GBP/USD
The support level 1.5785 that represents 38.2% Fibonacci correction level for the last bullish wave for the medium period succeeded to stop the strong declining of the pair where the pair reflected up after hitting this level breaking also the level 1.5890 to increase the pair’s gains which was not expected yesterday. So the pessimistic vision of the pair declining has been changed by holding the support level 1.5890 steady, to expect more rising during today's intraday trades targeting the resistance level 1.6010 as the first target of this bullish move.

The stability of these expectations requires the stability of the support level 1.5785.

RES: 1.5990 1.6046 1.6157
PIVOT: 1.5879
SUP: 1.5823 1.5713 1.5656



USD/CHF
As expected in previous reports, the pair continued declining yesterday to test the support level 0.9425 that represents the end of the wave CD of the harmonic pattern (Gartley). This level is expected to be steady during the intraday trades to push the pair up with a corrective reflection wave trying to find a suitable top that is expected to be around the resistance level 0.9475 from which it will continue declining again targeting the support level 0.9350, but first the pair has to break the support level 0.9425 successfully.

The stability of these expectations requires the stability of the resistance level 0.9520.

RES: 0.9451 0.9489 0.9515
PIVOT: 0.9425
SUP: 0.9387 0.9361 0.9323



USD/CAD
It's noticed in the chart that the direction for the long and the medium- terms is still bearish and for the short-term is bullish. during the last medium-term trades it's noticed forming a reflective pattern for the bearish direction which is the head and shoulders pattern whereas the head of the pattern was completed at the support level 0.9833 and during the last short-term trades the pair has formed the right shoulder for the pattern which is expected to end it's formation at the level 0.9907 which represents the ( C ) point for the possible presence of the harmonic pattern AB=CD, whereas the ( BC ) rib came by 61.8 % Fibonacci retracement correction level for the ( AB ) rib. therefore it is expected to the ( CD ) rib to be completed at 161.8% Fibonacci retracement continuous level for the ( BC ) rib, continuing trading above the bullish trend line which matches between the ( A ) point with the ( C ) point gives the first confirm on this pattern existence and with breaking the neck line for the head and shoulders pattern ( with blue line ) gives a confirmation on continuing rising targeting the level 1.0103 which represents the complement ( D ) point for the harmonic pattern, reaching this level; the resistance level 1.0020 which represents the ( B ) point must be broken.
This expectation depends on the stability of the support level 0.9907.
The previous analyze is still remains till now

RES: 0.9965 0.9994 1.0009
PIVOT: 0.9950
SUP: 0.9921 0.9906 0.9877



AUD/USD
The last pair trades were confined between the bearish trend line for the medium and the long-terms and the bullish trend line for the short-term; therefore to take the pair a clear direction during the next trades, one of the trend lines must be broken. if the bearish trend line was broken and with breaking the resistance level 1.0019 the pair will continue forming a bullish direction targeting initially the level 1.0082 but in case of breaking the bearish trend line for the short-term with breaking the support level 0.9909, the pair will continue declining targeting the level 0.9803.
The previous analyze is still remains till now

RES: 1.0015 1.0040 1.0083
PIVOT: 0.9972
SUP: 0.9947 0.9904 0.9879

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

Do not miss 10% Christmas promotion!!
For more information please visit:
http://www.gigfx.com/node/854

EUR/USD
The last week trades saw a new declining for the European currency against the American dollar which started after the pair achieved the highest price in two months at the level 1.3861, it is noticed that the pair was able to break the support level 1.3628 which represents 23.6% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3861) this breaking confirms that the pair is moving outside the short and medium-term bullish channel. all those signals confirms the tendency of the pair to continue forming a corrective bearish wave that will be confirmed with breaking down the support level 1.3570 then the pair will continue declining targeting the level 1.3484 which represents 38.2% Fibonacci correction level for the same mentioned bullish direction.
The stability of these expectations requires the stability of the resistance level 1.3680.
RES: 1.3663 1.3738 1.3798
PIVOT: 1.3603
SUP: 1.3528 1.3468 1.3939



GBP/USD
The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels of today and tomorrow, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.

RES: 1.6170 1.6237 1.6304
PIVOT: 1.6103
SUP: 1.6036 1.5969 1.5902



USD/CHF
On the contrary of what was expected, the pair succeeded to achieve more consecutive gains by rising on the short-term and intraday levels whereas the pair succeeded to break the level 0.9500 which represents 38.2% Fibonacci correction level for the last short-term bearish wave to confirm the tendency of the pair to continue rising. now the pair is facing the level 0.9555 which represents 50% of the same mentioned levels, if the pair was able to hold steady above this level during the upcoming trades, it is sure that the pair will target the resistance level 0.9675 but under the condition of breaking the resistance level 0.9610 to confirm the tendency of the pair to continue rising during today's intraday trades.
The stability of these expectations requires the stability of the support level 0.9500.
RES: 0.9451 0.9489 0.9515
PIVOT: 0.9425
SUP: 0.9387 0.9361 0.9323



USD/CAD
The bearish direction is still dominating the pair for the medium and the short-terms so it is expected for the intraday levels that the pair will continue the bearish direction because the pair is in process of forming a harmonic pattern whereas the price is moving now within the last wave of the pattern which is CD which is expected for it to target the support level 0.9658 but to confirm this, the pair must break the support level 0.9826 which represents the B point.
This expectation depends on breaking and the stability of the lowest support level 0.9826 which represents the B point.
But if the pair is not able to break the support level 128.56 which represents the B point and hold below it, the pair will target the support level 1.0060 which represents the C point for the pattern.


RES: 0.9924 0.9976 1.0023
PIVOT: 0.9877
SUP: 0.9825 0.9778 0.9726



AUD/USD
After the pair formed a bullish top at the level 1.0194, it fell again retesting the nearest resistance support levels. the RSI index movement is found bearish through the bullish movement to build bullish tops which means that there is a negative divergence reflecting the bullish direction therefore the pair fell again retesting the nearest support levels, whereas it formed a bottom at the level 1.0102 which represents 23.6% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0194 ) in case of continuing the next trades above this level it's expected to continuing forming the bullish direction which will be confirmed with breaking the level 1.0194 up, but if the pair is able to break the support level 1.0102 down it means that there is a further drop till the level 1.0045 which represents 38.2% Fibonacci retracement correction level for the same mentioned bullish direction.


RES: 1.0181 1.0234 1.0270
PIVOT: 1.0145
SUP: 1.0092 1.0056 1.000.000

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

Do not miss 10% Christmas promotion!!
For more information please visit:
http://www.gigfx.com/node/854

EUR/USD
As it was expected through yesterday report, Euro continued declining against the American dollar whereas; the pair achieved the lowest price during yesterday trades at the level 1.3508 near to the level 1.3484 which represents 38.2% Fibonacci correction level for the bullish direction (from 1.2874 to 1.3508). Through forming the bearish direction that performed this declining, a bullish move for the stochastic index was noticed, this means the existence of a positive divergence that shifts the direction from downtrend to uptrend, so that the pair formed a bottom at the level 1.3508 and used it to push rising in order to re-test the nearest resistance levels. During the current trades the pair is in its way to test the resistance level 1.3680 and if the pair succeeded to break it up, it will continue rising targeting to reach the resistance level 1.3765.
The stability of these expectations requires the stability of the support level 1.3508.

RES: 1.3636 1.3690 1.3754
PIVOT: 1.3572
SUP: 1.3518 1.3454 1.3400



GBP/USD
The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
Yesterday analysis is still remaining till now


RES: 1.6165 1.6222 1.6260
PIVOT: 1.6127
SUP: 1.6070 1.6032 1.5975



USD/CHF

The level 0.9555 could not be steady against the price action yesterday, now the pair is trading below this level; this shows the weakness of the bullish direction for the near-term and the intraday levels with expectations of more declining during today's trades as trading below the level 0.9555 targeting the support level 0.9500 as the first target of this declining wave then to the support level 0.9435.
The stability of these expectations requires the stability of the resistance level 0.9555.

RES: 0.9591 0.9628 0.9659
PIVOT: 0.9560
SUP: 0.9523 0.9492 0.9455



USD/CAD
The bearish direction is still dominating the pair for the medium and the short-terms, so it is expected that the intraday trades the pair will continue the bearish direction because the pair is still in process of forming a harmonic pattern whereas the price is moving now within the last wave of the pattern which is CD which is expected for it to target the support level 0.9658 but to confirm this, the pair must break the support level 0.9826 which represents the B point.
This expectation depends on breaking and the stability of the lowest support level 0.9826 which represents the B point.
But if the pair is not able to break the support level 128.56 which represents the B point and hold below it, the pair will target the support level 1.0060 which represents the C point for the pattern.
The previous analyze still remains till now


RES: 0.9925 0.9944 1.9979
PIVOT: 0.9890
SUP: 0.9871 0.9836 0.9817



AUD/USD
As noticed in the chart, the pair is in process of forming a harmonic pattern AB=CD whereas the ( BC ) rib came by 61.8% Fibonacci retracement correction level for the ( AB ) rib therefore it is expected that the ( CD ) will be completed at 161.8% Fibonacci retracement continuous level for the ( BC ) rip. if the resistance level 1.0194 that represents the ( B ) point is broken, the pair will continue rising to complete the remaining part of the ( CD ) rib which will be completed by reaching the level 1.0250 which represents the ( D ) point, it's noticed through forming the harmonic pattern that the pair is still keeping it's direction between the frame of the bullish channel for the medium and the short-terms.
This expectation depends on the stability of the support level 1.0102.
RES: 1.0160 1.0187 1.0261
PIVOT: 1.0131
SUP: 1.0104 1.0075 1.0048.


Let GIGFX Facebook Page Follow you..http://www.facebook.com/pages/GIG-FX/119304078128416

Bonus Opportunity!!
Get 25$ bonus account without deposit..
For more info, please visit: http://gigfx.com/node/3889

EUR/USD

As shown in the chart, the pair in in the forming stage of a reversal pattern on the short term ( Head & Shoulders Pattern) where the head was formed at the support level 1.3508 and during the intraday trades the pair is trying to form the right shoulder of the pattern. The resistance level 1.3608 represents the neck line for this pattern which with its breaking up, the pair will continue rising to reach the 1.3861 level as the target of the pattern but first the pair should break the resistance level 1.3765
This expectation depends on the stability of the support level 1.3575

RES: 1.3684 1.3744 1.3800
PIVOT: 1.3628
SUP: 1.3568 1.3512 1.3452



GBP/USD

The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.


RES: 1.6143 1.6222 1.6277
PIVOT: 1.6085
SUP: 1.6009 1.5951 1.5875




USD/CHF

The pair rose yesterday unlike the expectations which was referring to the possibility of a further drop for the pair, the pair was able to break the resistance level 0.9600 and to be stable above it. The support level 0.9530 acts as the base of rising with expectations for a further rise during the intraday trades targeting the resistance level 0.9720 but it's provided by continuing holding the support level 0.9600 and trading the pair above it during the next hours.

RES: 0.9674 0.9717 0.9792
PIVOT: 0.9599
SUP: 0.9556 0.9481 0.9438



USD/CAD
During the last trades the pair has formed a reversal pattern which is the inverted head and shoulders pattern whereas the pair broke yesterday the second shoulder mid line but it wasn't able to reach its target at the resistance level 1.0015.
And the pair was able to reach the resistance level 0.9955as a first target for the formed pattern.
It is expected that the pair direction for the intraday trades is the bullish direction and that the pair will target the resistance level 0.9955 and the stability above this level will lead it to target the resistance level 1.0015.

RES: 0.9995 1.0040 1.0106
PIVOT: 0.9929
SUP: 0.9884 0.9818 0.9773


AUD/USD

The pair was unable to break the resistance level 1.0194 during yesterday trades which represents the ( B ) point for the harmonic pattern AB=CD giving a signal on the difficulty of completing this pattern and at the same time it's found that the pair has formed a second consecutive top at the same level which means that there's a probability on existence a reflective pattern for the bullish direction which is the double consecutive tops pattern, the base of this pattern is at the support level 1.0102 and which confirms on the strength of existence this pattern is trading the pair now below the bullish trend line which matches the ( A ) point with the ( C ) point. therefore it's expected that with breaking the support level 1.0102 down the pair will continue falling reaching the level 1.0000 which represents the targeted price for the pattern and at the same time it represents 50% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0198 ).
This expectation depends on the stability of the resistance level 1.0194.


RES: 1.0186 1.0228 1.0265
PIVOT: 1.0149
SUP: 1.0107 1.0070 1.0028.


Let GIGFX Facebook Page Follow you..
http://www.facebook.com/pages/GIG-FX/119304078128416

Bonus Opportunity!!
Get 25$ bonus account without deposit..
For more info, please visit:
http://gigfx.com/node/3889

EUR/USD
As was expected through yesterday’s report, the pair continued forming the right shoulder for the head and shoulders pattern and thou the pair broke the resistance level 1.3680 which represents the neck line for the pattern to continue rising after this achieving the highest trading price at the level 1.3743 forming a top at this level to decline from it to retest the nearest support levels.
Now the pair is trading around 1.3680 level which became a support level after breaking it up. It is expected forming a bottom at this level and then push up rising to break the level 1.3743 to continue the bullish direction on the short term targeting the level 1.3861 which represents the target for the head and shoulders pattern.
The stability of these expectations requires the stability of the support level 1.3625.

RES: 1.3779 1.3827 1.3911
PIVOT: 1.3695
SUP: 1.3647 1.3563 1.3515



GBP/USD
The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
Yesterday analysis is still remaining till now



RES: 1.6138 1.6176 1.6229
PIVOT: 1.6085
SUP: 1.6047 1.5994 1.5956



USD/CHF

The bullish direction is still dominating the price action for the USD/CHF pair for the intraday levels and for the near-term, the pair declined yesterday testing the support level 0.9555 which represents 50% Fibonacci correction level for the last bearish wave for the medium-term and reflected up testing the resistance level 0.9610 now which represents 61.8% of the same mentioned level with the expectations of more rising in a try to test the resistance level 0.9675 which represents 76.4% of the same mentioned level but under the condition of stability above the resistance level 0.9610.
The stability of these expectations requires the stability of the support level 0.9555.


RES: 0.9640 0.9703 0.9747
PIVOT: 0.9596
SUP: 0.9533 0.9489 0.9426



USD/CAD
After the pair achieved the target of the diamond pattern at 0.9975 around 61.8% correction level for the bearish move (from 1.0055 to 0.9830), the pair formed a top at this level that pushed the pair down to retest the nearest support levels, where it formed a bottom at the support level 0.9916 during yesterday trades to rise from this bottom during the last intraday trades in order to break 0.9975 resistance level, which if the pair was able to break, it will cause more rising to target 1.0002 level that represents 76.4% correction level for the same bearish direction then 1.0055 level.

This analyze requires the stability of the support level 0.9916.




RES: 0.9956 0.9977 1.9998
PIVOT: 0.9935
SUP: 0.9914 0.9893 0.9872



AUD/USD
As it was expected through yesterday report, the pair succeeded to break the support level 1.0102 which represents the base of the reflective pattern (double top) then continued declining till reached the level 1.0047 which represents 38.2% Fibonacci correction level for the bullish direction (from 0.9803 to 1.0198) that the intraday trades are around. It is expected that the pair will break this level down in order to reach the level 1.0000 which represents the target of the pattern and at the same time represents 50% Fibonacci correction level for the same mentioned bullish direction.
The stability of these expectations requires the stability of the resistance level 1.0102.

RES: 1.0152 1.0183 1.0261
PIVOT: 1.0119
SUP: 1.0088 1.0055 1.0024.


Let GIGFX Facebook Page Follow you..
http://www.facebook.com/pages/GIG-FX/119304078128416

Bonus Opportunity!!
Get 25$ bonus account without deposit..
For more info, please visit: http://gigfx.com/node/3889

EUR/USD
The bullish move of the European currency against the American dollar did not remain any more whereas, yesterday trading session saw some new bearish positions for the pair that pushed it down breaking the support level 1.3680 which was represent the neck line of the head and shoulders pattern that its benefit to continue the bullish move is terminated, while the pair was pushing down it was also able to break the bullish trend line for the near-term. All these signals confirms the tendency of the pair to continue forming the bearish direction that started at the top that was formed at the level 1.3861, so it is expected that the pair will continue declining targeting to reach the level 1.3508 which with its breaking, the pair will decline again till reaching the support level 1.3445.
The stability of these expectations requires the stability of the resistance level 1.3645.
RES: 1.3699 1.3796 1.3858
PIVOT: 1.3637
SUP: 1.3540 1.3478 1.3381



GBP/USD
The bullish direction is still dominating the trades of the pair for medium and long periods whereas the pair declined at the beginning of this week trades in order to re-test the support level 1.6055 which declared its stability, once the pair hit that level it reflected up again with expectations of more rising in the light of a harmonic pattern (butterfly) which is still in the forming stage and now it is forming the last wave (CD) after breaking the level 1.6055, its re-testing and stability against the pair till now.
So that it is expected to continue rising during trading the pair above the level 1.6055 targeting the level 1.6260 as the first target of the intraday levels, if the pair succeeded to break this level up it means that the pair tends to continue rising in order to achieve the target of the pattern that is formed on the medium-term, this target is to reach the resistance area between the levels 1.6460 and 1.6545.
The stability of these expectations requires the stability of the support level 1.6055.
The previous analysis is still remaining till now


RES: 1.6150 1.6204 1.6273
PIVOT: 1.6081
SUP: 1.6027 1.5958 1.5904



USD/CHF

The bullish direction is still dominating the price action for the USD/CHF pair for the intraday levels and for the near-term, the pair rose yesterday as it was expected to target the resistance level 0.9685 that the pair is moving around now, testing it forming a harmonic pattern AB=CD that targeted this level to complete the formation of the pattern, a corrective reflection wave is expected targeting the support level 0.9645 during today's intraday trades before continue rising again targeting the resistance level 0.9725.
The stability of these expectations requires the stability of the support level 0.9645.

RES: 0.9736 0.9782 0.9864
PIVOT: 0.9654
SUP: 0.9608 0.9526 0.9480



USD/CAD
The pair is still moving inside a bullish channel that was started at the level 0.9830, so it is expected that the pair will continue rising under the condition of breaking the resistance level 0.9968 which represents 61.8% Fibonacci correction level for the last bearish wave with stability above, this will lead the pair to target the level 1.0001 which represents 76.4% Fibonacci correction level.
But if the pair was unable to break the resistance level 0.9968, it will target the support level 0.9952 which represents the bottom line of the channel, and breaking the pair to this level with stability below will lead the pair to target the level 0. 9916 which represents 38.2% of the same Fibonacci's levels, but in order to reach this level it must break the level 0.9942 which represents 50% Fibonacci correction level that was noticed previously.

RES: 0.9981 1.0011 1.0037
PIVOT: 0.9955
SUP: 0.9925 0.9899 0.9869



AUD/USD
As it was expected in yesterday report, the pair achieved the target of the double tops pattern by reaching the level 1.0000 which represents 50% Fibonacci correction level for the bullish direction (from 0.9803 to 1.0198). During the last intraday trades the pair was able to break this level down, this means more expected declining towards the support level 0.9954 which represents 61.8% Fibonacci correction level for the same bearish direction, if this level is broken down this means targeting the pair to the next support level 0.9896.
The stability of these expectations requires the stability of the resistance level 1.0047.

RES: 1.0152 1.0183 1.0261
PIVOT: 1.0119
SUP: 1.0088 1.0055 1.0024.

Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

Let GIGFX Facebook Page Follow you..
http://www.facebook.com/pages/GIG-FX/119304078128416

Bonus Opportunity!!
Get 25$ bonus account without deposit..
For more info, please visit: http://gigfx.com/node/3889

EUR/USD
As expected, the European currency is still declining against the American dollar targeting the support level 1.3508 and this is what was achieved already and with the beginning of this week trades, the pair is using the formed bottom at 1.3508 to rise in order to re-test the nearest resistance levels to form a bearish top that will force the pair to decline and form a medium and near-term bearish direction, it is expected for this bearish top to be around the resistance level 1.3598 at which the price is expected to coincide with the top pitchfork line that was drawn for the bullish wave (from 1.3508 to 1.3743), then it will decline to re-test the support level 1.3508 which with its breaking down, the pair will target the next support level 1.3445.
The stability of these expectations requires the stability of the resistance level 1.3625.
RES: 1.3611 1.3677 1.3734
PIVOT: 1.3554
SUP: 1.3488 1.3431 1.3365



GBP/USD
The pair traded high at the beginning of this week after a near-term declining remained during the trades of the last week till reached the support level 1.5980 to test it and reflected up forming a reversal pattern for the near-term bearish direction (bearish wedge pattern), so it is expected that more rising is possible during today's intraday trades but under the condition of breaking the top boarder of this pattern in order to target the resistance level 1.6170 to test it then, test the resistance level 1.6275.
The stability of these expectations requires the stability of the support level 1.5980.
RES: 1.6090 1.6177 1.6241
PIVOT: 1.6026
SUP: 1.5939 1.5875 1.5788



USD/CHF
The bullish direction is still dominating the move of the pair for the near-term and intraday levels whereas, it is noticed that the pair is moving inside a bullish channel with a relatively high decline degree, this confirms the strength of the bullish momentum till reached at the end of the last week trades to test the resistance level 0.9775 from which the pair reflected forming a medium-term top which coincides with 61.8% Fibonacci correction level for the last bearish wave for the long-term so, it is a strong resistance level and it is hard to be broken with the first testing process.
So it is expected during today's intraday trades that the pair will reflect down correctly in order to form a new bottom that the pair will use it to continue rising and the first support level that will face the pair down reflection is the support level 0.9685 which represents 50% of the same mentioned correction level.
The stability of these expectations requires the stability of the resistance level0.9755.

RES: 0.9774 0.9817 0.9861
PIVOT: 0.9730
SUP: 0.9687 0.9643 0.9600




USD/CAD
The bearish direction is still dominating the pair’s direction for the medium and the short-terms so it is expected through the intraday levels that the pair will continue this bearish direction because the pair now is not still forming the harmonic pattern; whereas the price is moving now at the last wave for the pattern CD which is expected for it to target the support level 0.9784 but confirming this, the pair must break the support level 0.9840 which represents the B point which is ready to break it now.
This scenario depends on the stability after breaking the support level 0.9826 which represents the B point.
But if the pair was not able to break the support level 0.9826 which represents the B point and hold above it, the pair will target the support level 0.9981 which represents the C point.

RES: 0.9955 1.0031 1.0078
PIVOT: 0.9908
SUP: 0.9832 0.9785 0.9709



AUD/USD
The pair has formed a bottom around the support level 0.9954 which represents 61.8% Fibonacci retracement correction level for the bullish direction ( from 0.9803 to 1.0198 ) in which the pair used it to retest the nearest resistance levels, this movement between rising and falling; expecting that the pair will embody a bearish channel whereas the pair is trading now at the resistance level 1.0075 which is expected to be one of the resistance levels for the upper border for the waiting channel, therefore it's expected to form a bearish top for the short-term the pair will use to fall again to retest the nearest resistance levels one of which is the 0.9954 level.
This expectation depends on the stability of the resistance level 1.0075..

RES: 1.0061 1.0097 1.0148
PIVOT: 1.0010
SUP: 1.9974 1.9923 1.9887.


Clients of GIGFX who has a real account can be able to see FULL Version for all 16 Currencies in member area section.

Let GIGFX Facebook Page Follow you..http://www.facebook.com/pages/GIG-FX/119304078128416

Bonus Opportunity!!
Get 25$ bonus account without deposit..For more info, please visit: http://gigfx.com/node/3889