Daily Forex Outlook

 

The market is settling back into long term trends and we might be seeing more of with-the-trend trades during this week and might see good technical moves during this week.

 

Weekly Technical Levels:

 

Item	B/S	Open	Stop	Limit
EURUSD	S	1.3747	1.3877	1.3485
GBPUSD	S	1.5725	1.5903	1.5368
USDCHF	B	1.0672	1.0576	1.0863
USDJPY	B	90.2000	89.2700	92.0500
USDCAD	S	1.0492	1.0547	1.0383
AUDUSD	B	0.8886	0.8812	0.9027
NZDUSD	B	0.6945	0.6889	0.7057

Market Overview

The market seems to be getting to other side and still there are levels to be tested to confirm the reversal of trends. In the weekly charts, the current move can still be termed as retracement.

Daily Technical Levels:

Item	B/S	Open	Stop	Limit
EURUSD	B	1.3647	1.3575	1.3791
GBPUSD	B	1.5674	1.5611	1.5801
USDCHF	S	1.0752	1.0804	1.0648
USDJPY	B	89.82	89.52	90.40
USDCAD	S	1.0481	1.0515	1.0414
AUDUSD	B	0.8917	0.8859	0.9032
NZDUSD	B	0.6995	0.6952	0.7081

 

The market was in sort of retracement last week and it seems that the currencies will look to get back in long term trend this week. Still we can find some currencies stopping out trades and test some stops.

Weekly Technical Levels:

Item	B/S	Open	Stop	Limit
EURUSD	S	1.3783	1.3899	1.3552
GBPUSD	S	1.5755	1.5842	1.5581
USDCHF	B	1.0647	1.0536	1.0814
USDJPY	S	90.32	90.81	89.34
USDCAD	S	1.0697	1.0809	1.0472
AUDUSD	B	0.8690	0.8575	0.8919
NZDUSD	S	0.7018	0.7097	0.6858

Today’s Overview

The market seems to getting to the end of completion and we might see it settling back into its long term trend. Today’s levels are more suited for aggressive traders.

Today’s Technical Levels:

Item	B/S	Open	Stop	Limit
EURUSD	S	1.3792	1.3843	1.3690
GBPUSD	S	1.5718	1.5791	1.5571
USDCHF	S	1.0711	1.0749	1.0633
USDJPY	B	90.0400	89.2200	89.9300
USDCAD	S	1.0685	1.0727	1.0600
EURJPY	B	124.2600	122.6900	123.5700
GBPJPY	B	139.5900	138.8400	141.1000