chuks obiri,
chuks_obiri@yahoo.com

AUD: Price is hovering above the 2016 high @ 0.7800 having cleared that region 2 weeks ago. Since the bulls have clearly taken over the Market, we expect to see that region hold support to further confirm the new bullish trend.
BIAS: Bullish. Buy @ a break and retest of 0.79000 or at the retest of 0.78000.
CAD: Having successfully taken out the 2005 High @ 1.27500, we expected the offshoot Intermediary Support Zone which also doubles as the 2016 Low @ 1.24700 to hold prices up which it did for a retest of the 1.27500 zone again. We will need to watch closely at this point, though we expect a break above the 1.27500 zone nevertheless we will sell on a failure from that zone.
BIAS: Bullish. Buy @ 1.26600 or at the break and retest of the 1.27500 zone on the flipside Sell on price failure @ 1.26600.
CHF: It’s looking like the New Bullish trend may be in Jeopardy! The recent rally terminated at the 0.97700 Intermediate Resistance Zone and was strongly rejected from that zone even closing below the 2008 Low @ 0.96500, we may see the descent continue from here, this could mean a change In trend to the downside. We will keep our fingers crossed and see how prices unfold going into the coming week.
BIAS: (Preferably Neutral) Bearish. Sell @ 0.96500~0.96300.
EUR: The Fibre is clearly in an uptrend, having clearly broken above the 2015/2016 Highs @ 1.16600. The next zone we will be looking at is the 2010 lows @ 1.18750, a clear break of that zone will invite more longs into the trend. We will sit on the side-line and look for clarity as to the next market direction.
BIAS: Neutral. Or Buy on a clear break above 1.18750.
GBP: The Bullish Rally found Resistance @ the Post-Brexit Low of 1.32400, we expect to see this rally terminate at the July 2016 lows @ 1.28500, therefore we will be looking for selling opportunities.
BIAS: Bearish. Sell @ 1.30500~1.30200.
JPY: Clear bullish trend, deep retracement into the 2006 Lows @ 108.700. We have a clear Bullish Bat Pattern (Commencing from April – August) with the D-Leg terminating at 108.700. We look for a buy trade around this point.
BIAS: Bullish. Buy @ 108.900~108.700.
NZD: We can see a clear rejection of the 2005 High @ 0.74500 & the 2011 Low @ 0.73800. This could mean the Bulls failed to take over the Market as presumed. We will be looking for selling opportunities to corroborate the failure at the high. We will be looking at selling at the Jan/June Highs @ 0.73400.
BIAS: Bearish. Sell @ 0.73650~0.73400.
XAUUSD: The Gold is clearly in an uptrend, having violated the 2009 Significant High @ 1226.00, so far the Month has corroborated the Bullish move following the threat of a Nuclear War which triggering flight to safety which has further fuelled the Bullish move. Right now price has run into an obstacle @ 1297.20 which is the April and June 2017 highs. We expect to see a retracement from that zone before further bullish move to the upside.
BIAS: Bearish. Sell @ 1297.20
EURAUD: Strong Bullish rejection from the highs of 2011 @ 1.43900 into the Lows of 2000 @ 1.49900, we expect to see a break of that zone for the Bullish trend to continue although we have seen some bullish weakness at that zone. On the 1 hour chart we see a clear Bearish Butterfly terminating at 1.49900.
BIAS: Bearish. Sell @ 1.49900
EURCAD: The Intermediate Bullish Trend may be gradually turning into a full-fledged Bullish trend having violated the 2003 Significant Low @ 1.48800, we will like to see the Intermediate Resistance Zone @ 1.50150 get violated for the Bullish trend to continue. The plan would be to go short from that zone.
BIAS: Bearish. Sell @ 1.50150.
EURGBP: Clear uptrend in place having violated the 2011 high @ 0.90750 especially the 2013 high @ 0.88200. We will be looking at the 2010 high @ 0.91500 for a possible uptrend continuation culminating into the D-Leg of a Bearish bat at 88.6 fib level so we will be aiming for that point for a sell.
BIAS: Bearish. Sell @ 0.91500 but we look for a bullish opportunity first from 0.90750.
EURJPY: Clear Bullish trend in place, price finding selling pressure at the 2005 low @ 130.500, we hope to see the bullish trend continue as the bearish move seems to have stalled at the April 2010 High @ 128.00, going into the week; we will be looking out for the 128.600/ 129.700 for bullish signals to get into the long side of the market.
BIAS: Bullish. Buy @ 128.600 (Caution must be applied, still looking for clarity).
EURNZD: Clear Bullish trend in place, Price is finding selling pressure at the current yearly high @ 1.6200, we want to see a breakdown in prices for us to jump in on the sell trade, we will be looking at a break below and retest of 1.60800 for a sell trade.
BIAS: Bearish. Sell @a break and retest of 1.60800.
GBPAUD: Dicey.
GBPCAD: Price hitting hard into the Support Zone at the 2010/2011 high @ 1.64000, Gradual build up in bullish Momentum, we look to see the momentum continue into this week. We will be looking at a break above 1.65000 for the bullish continuation.
BIAS: Bullish. Buy @ 1.65000 or 1.64400.
GBPCHF: We saw a panic sell-off as cash moved into safe haven currencies. We expect to see normalcy return to the markets hence a correction of the impulsive moves should be in the works. Clear uptrend on the GBPCHF but we will be looking at the 1.2300 minor Support Zone to hold for the bullish trend to continue, else we keep selling.
BIAS: Bullish. Buy @ 1.2300.
GBPJPY: Price finding selling pressure from the Highs of 2000 @ 148.00, we may see price look for the highs of 2011 @ 139.00 as price keeps falling, going into the week we will need to see 141.800 give way for the bearish move to continue on the flipside we will be looking at a break above 142.900 intermediate support zone for the bullish move to continue or for a resumption of the bullish trend.
BIAS: Bullish. Buy @ 142.900 or 141.800.
GBPNZD: Price is trading above the 2013 low @ 1.76800 portending a possible uptrend continuation. Going into the week we will be looking at the 1.77300 area for a possible uptrend continuation.
BIAS: Bullish. Buy @ 1.77300.
AUDCAD: Bullish trend in place as we can spot higher highs on the Monthly chart, nevertheless we will like to see 1998 high @ 1.00600 get cleared for the bullish trend to continue.
BIAS: Bearish. Sell @ 1.00600~1.00400.
AUDNZD: Although we see clear downtrend on this pair, nevertheless there’s been a build-up in bullish momentum having cleared the 2008 low @ 1.06200, we will be looking at the 2007 low @ 1.09000 for the next selling pressure to come in, pending then we will be looking at the 1.07600~1.07450 for a potential buy trade.
BIAS: Bullish. Buy @ 1.07600~1.07450.