Daily forecast for shorts and longs

[Alexfx79]

The USD/CAD pair has reached 50.0% of the correctional area for now. I will look for the entry points into short positions today. I’ll sell after the breakout and retest of the 1.3250 mark. The next target for taking profit is 1.3180.

 

[Alexfx79]

There is buyers strength can be seen on EUR/USD. The euro has overcome and fixed above the 1.0715 key resistance level. I’ll open transactions in the current trend’s direction. I’ll buy EUR/USD after the breakout and retest of the 1.0755 mark. Potential movement - to 1.0800.

 

[Alexfx79]

The correction is expected on the USD/CAD pair. My favorite PA pattern, the ‘Inside bar’ has formed. I will sell if the price overcomes and fixes below the 1.3255 local support. Potential movement - to 1.3185-1.3120. Maybe I’ll hold this position for a few days.
Wish you all great profits!

 

[Alexfx79]

Purchases dominate on GBP/USD at the moment. The pound rose significantly against the US dollar yesterday. I’ll open positions in the current trend direction. I plan to buy GBP/USD, if the price fixes above the 1.2510 level. Potential movement - to 1.2550-1.2575.

 

[Alexfx79]

USD/JPY is trading near the 113.35-113.75 offers area at the moment. The continuation of the downward trend is expected today. I’ll sell after the breakout and retest the 113.15 level. The best level for taking profit is 112.50.

 

[Alexfx79]

The technical picture on EUR/USD indicates the correction development. The euro is traded near the 1.0715 support level. I’m going to sell EUR/USD if the price fixes below this mark. Potential movement - to 1.0665.

 

[Alexfx79]

The Aussie fell due to the weak data on the consumer price index In Asian trading session. I plan to open transactions towards the current trend. If the price exceeds the 0.7520 level, I will look for an entry point to open short positions. My next target for taking profit is 0.7465.

 

[Alexfx79]

The technical picture on USD/JPY is ambiguous for me at the moment. I have identified the following key levels:
Support - 113.15
Resistance - 113.90
I’ll open orders after the breakout and retest of these levels.

If the price fixes above 113.90, I’ll buy USD/JPY to the 114.50 mark.
If the price goes through the 113.15 support, I’ll open short positions. Potential movement - to 112.50.
Potential entry points can be formed in a few days.
I'll check the news from the US fund today.

 

[Alexfx79]

There is an upward trend on the NZD/USD currency pair. The growth of quotes exceeded 120 points since the beginning of this week. I plan to open positions in the current trend direction. So, I’ll buy it after the price fixes above the 0.7285 level. Potential movement - to 0.7325-0.7350.

 

[Alexfx79]

EUR/USD. The US dollar rose against major world currencies yesterday. Very important economic data from the US will be published today. The data on the GDP of the country will be announced at 13:30 (GMT).

The technical picture on the "majors" is ambiguous for me at the moment. I highlighted the key levels. I plan to wait for the statistics and watch how the market will react to it.
Support: 1.0665, 1.0625
Resistance: 1.0715, 1.0765

If the price fixes above the 1.0715 level, I’ll buy the EUR/USD to the 1.0765 mark.
If the price fixes below 1.0665, I’ll sell it to the 1.0625 mark.