Currencies

updated on 07-DEC-2019

EUR/USD 

EURUSD.jpg

 

After more than 2 years in a trading range, the EUR/USD broke out and reached its Fibonacci extension target. The price then broke down and back into the aforementioned trading range. This breakout/break-down created a head and shoulder pattern with a derived price target near 1.05, which coincides with the 2015-2017 trading range support area. As long as the price stays beneath the 1.13 level, the EUR/USD is in a downtrend.

USD/JPY

USDJPY.jpg

 

Since the lows in 2013, and the highs in 2015, the USDJPY has formed a symmetrical triangle. The pair is now getting close to its apex and a breakout or breakdown will dictate the next trend. 

GBP/USD

GBPUSD.jpg

 

Trend: sideways

Resistance: 1.3170, 1.3475

Support: 1.2880

AUD/USD

AUDUSD.jpg

Trend: down

Resistance: 40-week moving average (~0.6915) 

Support: 0.6750, 0.6670

USD/CAD

USDCAD.jpg

 

After being in an uptrend channel (green) for 16 months, the trend reversed, since end-December 2018, to a slow downtrend channel (yellow). Nothing majorly interesting in this pair at the moment.

USD/CHF

USDCHF.jpg

 

Trend: sideways

Resistance: 1.0020, 1.0250

Support: 0.9700, 0.9500, 0.9200

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