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• EURUSD

Above the current price of the pair we can find two strong resistance levels which are: The upside of the ascending channel and the downtrend line (that acts as a resistance level in our case). It is a good catch if the pair manages to go up again to reach those two levels then if it shows some negative factors, we may go short targeting the level of 1.0800. There are no exact prices to enter the market in this scenario. But rather we have areas that are very bearish (two levels mentioned above). We believe that these levels can take traders’ attention so let’s keep an eye on them and see what will happen?

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• GBPUSD

The pair completed forming an inverted head and shoulders formation. This pattern has generated a buy signal after the breakout of its neck-line. But again, it is on its way down to test the broken level (neck-line) that could be found around (1.2700 – 1.2600). An ascending channel is under progress that its second peak is being formed right below the potential upside of the channel.  We will be waiting for the pair to successfully test the neckline.

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• GOLD

The pair is traded near to the upside of the ascending channel shown on the chart. It is also traded above a strong support level around 1264 so we believe that if the level of 1264 is broken, the way would be open for the pair to reach the level of 1250 followed by 1245.

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• AUDUSD

The pair is facing strong resistance level around 0.7600 so we believe that as long as the pair is traded below it, it is highly recommended to go short targeting the level of 0.7550 followed by 0.7500 during the day.

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• USDCAD

Below a strong resistance level the pair is traded! 1.3600 that is our key level for today. If the pair shows some negative factor below this level, we may go short targeting the level of 1.3500 followed by 1.3450 during the day.