AUD: Last week we saw volatility in prices as price broke above the 0.76200 key R-area. We are right now at a defining point between 0.77300~0.7800 key R-area. A break above this range would mean a complete reversal of trend failure at that zone would mean further bearish correction.
BIAS: Bearish. Sell @ 0.77450~0.77300.
CAD: Price has punched below the 1.30000 Key-Support Zone which is the 2008 high. We look for a break of the 1.29100 minor support to negate the bullish trend otherwise we look to buy.
BIAS: Bullish. Buy @ 1.29100
EUR: For the first time in 2017 we see price approaching the 2015/2016 multi-year highs @ 1.14600~1.16600. The range of interest for the coming week will be 1.1500~1.14600 (especially 1.14600) we will be looking at this point to hold resistance. Any attempted break above 1.16600 in the coming weeks will negate the long term bearish trend and see us start buying aggressively.
BIAS: Bearish. Sell @ 1.1500~1.14600.
GBP: We expect to see a correction following the massive bull-run on all majors paired against the Buck. On the cable price is flirting with the May 2017 Highs @ 1.30500. We look for a short sell from that zone a violation of that point (highly unlikely) may see price head for the 2016 highs @ 1.33500 else we look for a retest of the August 2016 lows @ 1.28500.
BIAS: Bearish. Sell @ 1.30500.
JPY: The Bullish trend is strongly still in place, in-spite of the dollar weakness last week the Buck still remained resilient against the Yen trading above key Support zone @ 110.800, the next zone to look out for is the 113.600 key R-area, into the week we see how the 1998 lows @ 111.850 held support nicely, we want to see price trade above 112.500 for a buy trade, a failure from that high will see us sell from that zone. Back into the 1998 high.
BIAS: Bullish. Buy @ break above 112.440.
NZD: The last frontier for the bullish rally is the 2005/2016 high & Nov 2011 low @ 0.74500~0.73800. A failure at that zone implies the continuation of the bearish rally, a violation of that zone enforces a continuation of the bullish rally. Moving into the week we look for a sell from the Nov 2011 low @ 73800.
BIAS: Bearish. Sell @ 0.73800
XAU: Last month on the GOLD was a losing month, Price is still above the 2009 High @ 1226.0 but closing in on it. We have 2 possible scenarios:
1. A possible Inverted H&S Pattern on the 4hr with the tip of the right shoulder starting at 1240.60. or last weeks low supporting price at 1237.00.
2. A retest of the 2009 high @ 1226.0 (Very Unlikely).
BIAS: Bullish. Buy @ 1240.60~1237.00.
EUR/AUD: The Bull rally is finding exhaustion @ the 1999/2000 lows @ 1.51900/1.49900, we expect to see a possible continuation of that weakness in prices going hence. With a sharp rejection form 1.49900 we look to see the continuation of the bear trend from 1.4900~1.48800 for a possible sell continuation.
BIAS: Bearish. Sell between 1.4900~1.48800
EUR/CAD: We will be looking at the 2003 lows/ July 1999 lows @ 1.48800~1.48150, we are seeing signs of exhaustion around that zone so we look to sell.
BIAS: Bearish. Sell @ 1.48900~1.48800.
EUR/GBP: The focus will be the highs of Jan/August 2013 @ 0.88200/0.87800. We are seeing price exhaustion signs around that zone, we look at going short on a retest of the August 2013 highs @ 0.87800.
BIAS: Bearish. Sell @ 0.87800.
EUR/JPY: The Situation is a bit dicey, for now no bullish exhaustion but price is trading above a Key reversal zone @ 128.00. We look for a break below or a sustained bullish rally above there.
BIAS: Bearish. Sell @ a break below 128.00 alternative scenario buy on a retest of 128.00.
EUR/NZD: Price is above the Medium term Key zone @ 1.55555, Strong bullish rejection from 1.53800 (1.52300) Medium support zone. We expect a continuation of the uptrend therefore we look to buy.
BIAS: Bullish. Buy on a retest of 1.55555~1.54900 zone.
GBP/AUD: 1.69414/1.69851 is the range to look out for, we will look for a sustained break above this zone to initiate a buy trade.
GBP/CAD: Analysis for last week still stands. Price at the Jan 2009 Lows @ 1.6700, we have an Inverted H&S in an Inverted H&S (Weekly and 4hr charts respectively) at that zone. We look to buy at 1.6800.
BIAS: Bullish. Buy @ 1.6800.
GBP/JPY: Our focus will be on the Lows of 2000 & Highs of Feb 2010 @ 148.00/145.500; We expect to see Bearish pressure from 145.500. Plan is to sell on failure @ 145.500 if that level holds ground then we look to buy.
BIAS: Bearish. Sell @ 145.500.
