EURUSD setting up for dip towards 1.3100

EURUSD seems to set itself up for a nice downward move but before doing so, it is taking some gradual retrace and currently a good solid selling level can be seen just around 1.3260 level. From that 1.3260 level EURUSD will look break below 1.3100 level and most traders will target something around that level.

On the upper side, break above 1.3260 level will take EURUSD towards 1.3340 and once EURUSD manages to break that level, the reversal entry indication is there. RSI is not on much lower side so it don’t seems to play much part in the movement. 

GBPUSD taking a breather before dip

GBPUSD after taking a good dip earlier this week seems to take some retrace and gradually head towards 1.5715 level and from there it seems to take another good dip towards 1.5530 level. RSI is around 43 in daily charts and don’t seems to play much part in this moment at the moment.

On the upper side, a good weekly resistance can be seen at 1.5785 and if GBPUSD manages to break above that level, then we will be looking it to target 1.5855 level.

EURUSD

EURUSD seems to be setting itself up for a nice dip and even in weekly charts, the indication for an extended dip is there. At current situation, the daily charts are also looking good for a dip.

The first selling level to be considered can be seen just around 1.3420 level and targets will be around 1.3225 level which can be further extended to 1.3150 level. The next selling level (for some to average out the first position) can be seen around 1.3420 level. If EURUSD manages to break above 1.3475 level, then reversal of the trend is indicated.

EURUSD heading towards 1.3210 level

EURUSD seems to have settled in upward trend and it seems that currently it is looking to target 1.3210 level. Traders will look to currently buy EURUSD especially on retracement dips and one such good buying level is 1.3000 for initial targets above 1.3200 level.

GBPUSD looking for retracement

GBPUSD seems to take retracement towards 1.5125 level and then will look to resume its upward trend. In case this dip is extended, then traders will looking to buy GBPUSD at 1.5000 level which also seems a very good long term buying level as well. If GBPUSD breaks below 1.5000 level then we will be looking at reversal of trend. 

On the upper side, initial targets are seen around 1.5300 level and once GBPUSD manages to break above that level, we will be looking for GBPUSD heading towards 1.5500 level.

EURUSD looking to break above 1.2400

EURUSD is moving in a gradual upward trend and currently looking to target 1.2450 level. Once EURUSD manages to break above 1.2500 level, then we will be looking around 1.3000 level. We might also see a retracement dip by EURUSD from 1.2450 level towards 1.2350 level.

Mostly Traders will look to trade between 1.2350 and 1.2450 levels. Long Term Traders might also be interested in buying EURUSD on retracement dips.

USDJPY caught in sideways trend.

USDJPY is caught in sideways trend and range between 92.40 and 91.00 seems to come into play during this week. Traders will look to trade between those two levels along with small stops.

Once USDJPY manages to break out of that range we might see some traders looking to trade USDJPY with the break. On upper side, break will lead USDJPY towards 94.00 level while on the lower side break will take USDJPY towards 89.00 level.

 

USDCHF seems to head back towards 1.1700

USDCHF after being traded in sideways range for couple of weeks now seems to be looking back to resume its upward trend towards 1.1700 level. Break above 1.1700 level will open up 1.2000 level as next target.

On the lower side, break of 1.1500 level will confirm the reversal of trend and break traders will look to sell USDCHF. Mostly traders will look to buy around 1.1550 level with stops and reversal entry around 1.1500 level.

EURUSD still looking to settle back

EURUSD might take a rise towards 1.2650 level, therefore use of stop is highly recommended for traders as the direction of trend might still change and short term traders might not get results as expected.

Similarly, long term traders will also look to wait until EURUSD settles in a confirmed long term trend to enter the market.

Yen looking to touch 95.00 level

USDJPY is moving in a nice upward trend and it seems that it will continue its momentum and move towards 95.00 level. The current momentum might extend towards 95.80 level. But before continuing its upward trend, we might see USDJPY taking some retrace towards 94.50 level and around that level, we might be seeing traders entering USDJPY for targets above 95.00 level.

On the lower side, the dip could extend to 94.00 level and if USDJPY breaks below that level, then the next support can be seen around 93.50 level.

GPPUSD setting itself for a dip

GBPUSD seems to be setting itself for another dip towards 1.4810 level and test that level again. Before doing so it is taking some correction and if GBPUSD rises to something around 1.5000 level, then it will be an ideal situation for traders to sell GBPUSD for targets around 1.4810 level.

Break of 1.4810 will open up GBPUSD for an extended move towards 1.4500 level and break out traders will surely focus on that level as well.

On the upper side, break above 1.5000 level will set 1.5200 as next target for GBPUSD. We might see traders entering with decent stops and hope to capture the right move.

USDCHF taking breath before another go at 1.0700

USDCHF moved very nicely towards 1.0700 but was unable to break that level and is currently taking some breather. It seems that USDCHF will make another attempt towards 1.0730 level and if USDCHF manages to break above that level, then we will be looking at USDCHF moving towards 1.0850 level.

On the lower side, the retracement should end maximum by 1.0600 level and if the dip is extended then long term traders will look to buy USDCHF around 1.0550 level. 

EURUSD all set for a dip below 1.3500

EURUSD is in full momentum to break below 1.3500 and then target 1.3410 level during this week. Looking at the current move, there will not be many traders, especially intra-day traders that will look t buy EURUSD at the moment.

Mostly traders will look to sell, especially if EURUSD takes a bit of retracement and then set profit targets around 1.3450 level. Ideally traders will hope to sell EURUSD around 1.3600 level but the more aggressive traders might choose to sell even below that level.

If EURUSD manages to break above 1.3600 level, then we might see EURUSD once again testing 1.3800 level but keeping current scenario, we don’t see too many chances of EURUSD doing that.

EURUSD looking to target 1.3800

EURUSD broke above an important level at 1.3620 and it seems that it is currently looking to target 1.3800 level. The zone between 1.3800 and 1.3850 levels is important because once EURUSD manages to break above that zone, then we will be looking at EURUSD heading towards 1.4000 level.

The current momentum seems to be technically with buying at the moment and we might find intra-day traders focusing the same way.

EURUSD testing important levels

EURUSD is currently looking to test some important level at the moment. A good resistance can be seen at 1.3670 and EURUSD touched it once yesterday and might look to test it once again.

If EURUSD managed to continue the current upward momentum and managed to break that level, then we will be looking EURUSD heading towards 1.3780 level and see the upward trend initiated.

Keeping the current scenario in mind, it is most probable that we might see EURUSD taking a dip and heading back to its target at 1.3500 level. Once EURUSD breaks that level again, we will be looking at EURUSD targeting 1.3320 level next.

EURUSD resuming trend

EURUSD took a good dip last week and also took a very good retrace and looks like it is settling into its downward trend and we might be looking at EURUSD going towards 1.3500 level.

Once EURUSD manages to break below 1.3500 level, we will be looking EURUSD aiming next below 1.3400 level and continuing its downward momentum.

As far as upward move is concerned, 1.3715 is an important level and if EURUSD manages to break that level, we might be looking at start of long term upward trend.

EURUSD overloaded

EURUSD took a good extended dip during this week and the momentum seems to run into next week as well. Although the RSI is on getting very low but EURUSD seems to managing quite nicely by taking retracements which also is providing traders with opportunities.

Keeping the current moment into mind, we might see EURUSD taking retrace from here towards 1.3600 level and then resume its downwards trend. The next target for EURUSD seems around 1.3325 level.

On the upper side if EURUSD breaks above 1.3600 level, then we will be looking EURUSD targeting 1.3780 level but the current scenario suggests that mostly traders will be looking to sell EURUSD at the moment.

EURUSD getting ready for a dip

EURUSD was traded sideways with low volume for couple of days and its RSI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level.

A good selling level is present just around 1.3680 and EURUSD already touched it one today and traders should look to sell EURUSD around that level for a nice trade with targets below 1.3600 level.

On the upper side, if EURUSD breaks 1.3680 level, then we will see EURUSD heading towards 1.3800 level but we expect more selling pressure today and EURUSD to resume its downward trend.

USDJPY looking to break the tight range

USDJPY is being traded in a tight, sideways trend and it seems that it is approaching a point where it is ready to break to a side and form a trend.

The first focus level is at 90.40 and break of this will take USDJPY towards 93.00 level but it seems that it might not be able to do so. And also we might see some aggressive traders selling for prices above 90.00 level.

On the lower side 89.75 is an important level and USDJPY should break below this level to continue long term selling trend and once USDJPY breaks below that level, the next target can be seen around 88.60

USDJPY being traded in tight range

USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level.

Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to break 88.75 or 90.25 level, we might see the scenario clearing up for long term trades.

USDCHF looking to complete its retracement

USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level.

On the upper side, its initial target will be around 1.0640 level and continuation of its upward trend will lead USDCHF above 1.0700 level. RSI was on the higher side but current retracement has opened up it considerably to allow it to make a move towards 1.0640 level.

USDCHF might look to take some retrace by end of US session

USDCHF is moving nicely in an upward trend but we might see USDCHF taking a dip by the end of US session for monthly closings. Traders looking to buy USDCHF might hold back a bit and let USDCHF take a dip today before buying USDCHF for next week.

The dip might go towards 1.0430 and might even extend below 1.0400 level. Overall scenario is still very good for buying but holding back is suggested, one because of month closing and secondly the RSI value of USDHF is a bit on higher side and might look to ease a bit by taking a dip today.

EURUSD heading towards 1.4000

EURUSD seems to gradually head towards 1.4000 level and it was pushed up by a low RSI value. After take retracement it has opened up a bit and also allowed traders looking for good weekly trades to sell EURUSD at some reasonable levels for target around 1.4000 level.

Keeping current scenario in mind, we might see EURUSD stayed in range between 1.4200 and 1.4000 levels for coming few days and traders trading in between these two levels.

GBPUSD seems done with selling for the time being

GBPUSD took a sharp dip and touched its target at 1.6150 and it seems that it has completed its current downwards move and it might look for a sharp retracement towards 1.6300 level and if it manages to break that level, then GBPUSD will be targeting 1.6470 level.

On the lower side, if GBPUSD straight away resumes its downward trend then we might see GBPUSD heading to 1.6000 level and this dip might extend as much as towards 1.5800 level.

AUDUSD approaching an important level at 0.9250

AUDUSD is currently approaching an important level 0.9250. In the current scenario, this level is important to determine the trend for AUDUSD for next couple of weeks.

If we consider the short term trend, which is downward, then the move towards 0.9250 can be seen as retracement and we should expect AUDUSD to take a dip after touching 0.9250 level. So we might see traders focusing on that theory, selling AUDUSD around 0.9250 with small stops.

If we consider the long term view, then AUDUSD is resuming its upward trend after completing its retracement below 0.9200 level. The trader with this theory must already be buying AUDUSD. If AUDUSD manages to break above 0.9250 level, then the long term move will be confirmed and we might see some good buying till AUDUSD touches 0.9350 level.

For a conservative traders, it is advised to wait till AUDUSD touches 0.9250 and see how things settle out to make its move.

AUDUSD taking breather

AUDUSD seems to be taking a breather before resuming its upward trend and head back to its target at 0.9350 level. The current retracement dip is expected to go to 0.9275 level and if the retracement dip is extended, we might see AUDUSD touching 0.9200 level.

Mostly traders in current scenario will be looking to buy AUDUSD on dips to its retracement levels below 0.9300 level for a nice move towards 0.9350 level.

GBPUSD resuming its downward trend

GBPUSD is resuming its downward trend after taking a retrace above 1.6100 and  looking to head once again below 1.6000 level and towards 1.5920 level. Break of 1.5920 level will set 1.5765 as next target.

On the upper side break 1.6100 level will set 1.6300 as next target for traders. Aggressive traders will look to initially sell GBPUSD around 1.6070 level. Conservative traders will like to hold back a bit and let GBPUSD settle in a direction before entering the market.

AUDUSD heading towards 0.9275

AUDUSD is moving nicely in an upward trend towards 0.9275 and currently it is taking due retrace and traders will have a lots of buying opportunities on dips around current levels. The first buying level traders will focus is 0.9175 and intra-day traders will certainly like to cash on this opportunity.

If the retracement is extended below 0.9150 level, then next buying level in focus will be around 0.9110 level and aggressive traders might enter both levels to average out both trades.

0.9110 is an important level, as break below that level will confirm downward trend and traders will then start selling AUDUSD for both large and small targets.

GBPUSD taking retrace after touching its weekly target

GBPUSD seems currently taking retracement after touching its weekly target at 1.6235 level and we might see initial dip towards 1.6100 level. In weekly charts, the possibility of downward trend but in daily charts GBPUSD is setting itself nicely for an upward move towards 1.6400 level.

On the upper side, the first major resistance is seen just around 1.6240 level and we might see Intra-day traders concentrating on buying GBPUSD around 1.6100 level for 1.6300. On the lower side break of 1.6100 level will lead GBPUSD below 1.6000 level.