*** Weekly Technical Analysis

EURO

The pair returned to the negative pressure and is currently fluctuating at resistance level for the previously breached descending channel that has presently turned into support at 1.3215. This makes us recommend observing upcoming trading to insure the precise direction, where a mentioned breach will lead to more bearish short tern movement; whereas the breach of 1.3340 will maintain chances of achieving the suggested bullish trend in our previous reports.

The trading range for today is among the key support at 1.2915 and the key resistance at 1.3480.

The short term trend is to the downside as far as 1.4410 remains intact with targets at 1.2450.

Support 1.3215 1.3175 1.3095 1.3035 1.2960

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Resistance 1.3300 1.3340 1.3380 1.3445 1.3480

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Recommendation Based on the charts and explanations above our opinion is to follow up on our daily report for more affirmation, might be appropriate.

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GBP

The pair was not able to return within the broken ascending channel to stabilize within the bearish channel that is controlling the current bearish correction. The pair is currently facing pivotal support at 1.5225, where we expected it to be breached and in its own role will pave the way towards achieving the bearish direction for this week; targeting initially 1.5075 and requires trading to remain below 1.5350 to prevail.

The trading range for today is among the key support at 1.4970 and the key resistance at 1.5425.

The short term trend is to the upside as far as 1.4850 remains intact with targets at 1.7000.

Support 1.5225 1.5160 1.5125 1.5075 1.5030

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Resistance 1.5350 1.5395 1.5435 1.5475 1.5500

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Recommendation Based on the charts and explanations above our opinion is selling the pair with the breach of 1.5225 targeting 1.5075 and stop loss above 1.5350, might be appropriate.

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JPY

The pair continues to fluctuate around pivotal resistance of 94.00 in an attempt to gather enough bearish momentum to support resuming the bearish trend shown in our previous reports. Signs of a bearish technical pattern are encouraging us to expect a bearish trend for this week that will start with the breach of minor support 93.80, and then head towards the awaited main targets that start at 92.80 then 91.60. This suggested scenario requires the daily close to remain below 94.80

The trading range for today is among the key support at 91.60 and the key resistance at 95.60.

The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.

Support 93.80 93.20 92.80 92.25 91.60

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Resistance 94.00 94.80 95.60 96.00 96.35

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Recommendation Based on the charts and explanations above our opinion is selling the pair from 94.00 target 92.80 and stop loss above 94.80, might be appropriate.

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CHF

The pair returned within the ascending channel after attempting to breach its support that has currently ascended towards 1.0800. The positive signs that momentum indicators are showing encourage us to expect a bullish direction for this week; targeting mainly 1.1000 and requiring the daily close to remain above 1.0725 to prevail.

The trading range for today is among the key support at 1.0660 and the key resistance at 1.1000.

The short term trend is to the downside as far as 1.1095 remains intact with targets at 0.9910.

Support 1.0800 1.0765 1.0725 1.0660 1.0605

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Resistance 1.0845 1.0895 1.0945 1.1000 1.1050

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Recommendation Based on the charts and explanations above our opinion is buying the pair from 1.0800 targeting 1.0945 and stop loss below 1.0725, might be appropriate.

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CAD

The pivotal support 1.0025 shown in our past reports is showing strong resistance against the pair, therefore pushing the pair to move in an upside volatile manner to near the sensitive horizontal resistance at 1.0200. The ongoing bullish pressure in addition to signs for a bullish technical pattern currently appearing, while in return momentum indicators are showing negative signs that support the mentioned resistance level's strength, where these crossover signs make us recommend observing upcoming trading to await for more assurance. The required levels that need to be observed are between resistance 1.0200 and support 1.0100.

The trading range for today is among the key support at 0.9930 and the key resistance at 1.0390.

The short term trend is to the downside as far as 1.0780 remains intact with targets at 0.9705.

Support 1.0100 1.0040 1.0000 0.9930 0.9865

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Resistance 1.0200 1.0265 1.0315 1.0365 1.0445

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Recommendation Based on the charts and explanations above our opinion is to follow up on daily chart for more affirmation, might be appropriate.