Mar 01 - Mar 05

USDCAD

USDCAD seems to be caught up in range and might stay between 1.0750 and 1.0250 levels during this week and traders will be looking to trade from both sides. More intensity in selling might be seen during this week, so conservative traders will prefer selling USDCAD during this week.

Resistances Levels:

1.0580

1.0750

1.0865

Support Levels:

1.0400

1.0260

1.0150

Feb 01 - Feb 05

EURUSD

EURUSD will look to take some retrace earlier this week and look to sell just around 1.4000 mark for initial entries and if EURUSD breaks above 1.4000 level, then let it move towards 1.4200 level for the second entry. You can then either average out both positions or can look to maximize the profit by targeting below 1.3800 level.

January 18 - January 22

USDJPY

USDJPY seems to have settled in a nice downward trend in weekly charts and this trend seems to extend below 90.00 level and mostly traders will look to sell USDJPY on retracements to capture on the opportunities. Ideally traders will look to sell USDJPY for anything above 91.50 level and set initial targets below 90.00 level for this week.

Resistances Levels:

91.65

93.40

94.50

Support Levels:

90.20

89.40

88.35

January 04 - January 08

USDJPY is approaching a very important level at 93.50 but its RSI in daily charts is on the higher side so we might see USDJPY taking a dip from that level towards 91.00 level. Once the RSI opens up considerably, we might see it taking another move towards 93.50 level and if it manages to break that level, we will be seeing USDJPY eyeing 95.00 level.

Resistances Levels:
93.45
95.17
96.87

Support Levels:
91.90
90.90
89.55

Weekly Chart:

December 21 - December 25

GBPUSD

GBPUSD is looking good for a nice downward trend at the moment and we might see it rise towards 1.6300 level and that will setup nice opportunities for traders to sell GBPUSD for initial target at 1.6000 level, break of which will open up target of 1.5765 level.

Resistances Levels:
1.6200
1.6300
1.6375

Support Levels:
1.6040
1.5920
1.5765









USDCHF

USDCHF seems to be rising in a very steep upward trend and currently is around a very important level, if USDCHF manages to break below 1.0370 level, then we might see it taking some sharp retracement but a rise from 1.0400 level is also a possibility to continue the current trend. Aggressive traders might look to buy USDCHF with decent stop and in case it hits the stop, they might look for reversal of positions.

On the upper side 1.0525 seems the initial target, break of which will set 1.0613 and then 1.0711 as next target. If the current target continues, which seems to be the case, we might see USDCHF touching 1.0711 level during this week.


Resistances Levels:
1.0525
1.0613
1.0711

Support Levels:
1.0407
1.0298
1.0187

November 02 - November 06

EURUSD

EURUSD has broken below an important level at 1.4760 and now the
current trend seems to be downward and current selling around 1.4750
seems a good possibility.
The initial target during this week seems around 1.4500 and further
extension can be seen towards 1.4320 level.

LEVELS:

Support 1: 1.4700
Support 2: 1.4500
Support 3: 1.4320
Resistance 1: 1.4810
Resistance 2: 1.4950
Resistance 3: 1.5045

October 19 - October 23

USDJPY

USDJPY has settled in a nice upward trend. Look to buy USDJPY around
90.25 level with stop at 89.30 level.
First target is at 92.25 level, while the second target is at 93.60 level.

LEVELS:

Support 1: 90.10
Support 2: 89.50
Support 3: 88.20

Resistance 1: 91.60
Resistance 2: 92.30
Resistance 3: 93.60