EUR/USD is in crucial moment now

EURUSD - H1 chart

This is in very crucial moment for Eur/Usd. This will show how the week closes and what we can expect in the next one. After breaking the downtrend line it failed to break 1.2485 resistance, formed double top and now it's at the former trend line again. The support at 1.2420 stoped further decline , but if it fails it may expand to 1.2390 and next to 1.2365. If the support will be saved we should expect bounce up to 1.2485 again. In this option, reaching 1.2530 level is also very likely, if the pace would be strong enough.

EURUSD - H1 chart

Trade recommendation

Buy if the 1.2420 and trend line is saved. Consider selling if it's broken. Target levels: T1: 1.2485 T2: 1.2530 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2420 1.2390 1.2365 Current resistance levels 1.2455 1.2485 1.2530

EURUSD consider buying option

EURUSD - H1 chart

After reaching 1.2365 resistance, the rate bounced down. It's likely it will fall more, but if this short term uptrend movement is to be kept, it should regain its power around current trend line. Consider opening long positon on Eur/Usd if it bounced up from the trend line. The rate must stay above 1.2330 support.

EURUSD - H1 chart

Trade recommendation

Buy if the price falls to the trend line and 1.2330 support is saved Target levels: T1: 1.2390 T2: 1.2420 for strong pace movement Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2330 1.2300 1.2260 Current resistance levels 1.2365 1.2390 1.2420

EURUSD is struggling to find its way

EURUSD - H1 chart

Yesterday eur/usd made a strong upward movement. It stopped on 1.2450 resistance, and now is preparing for the next move within 1.2350 - 1.2390 consolidation range. If it breaks 1.2370 and 1.2390, the further way up to 1.2450 shall be opened. Although it's still in bearish mood, upcoming hours will determine if it follows the scenario. If so, the targets are set on 1.2420 and 1.2450. Then it'll meet the downtrend line which may hold it for a while, but you can expect the rise even up to 1.2485 if the pace is powerful. You should observe the situation and consider opening long above 1.2370. The other option is that upocomming hours extend the decline - than prepare to set long around 1.2320 level.

EURUSD - H1 chart

Trade recommendation

Buy above 1.2390  Buy around 1.2320   Target levels: T1: 1.2420 T2: 1.2450 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2365 1.2320 1.2300 Current resistance levels 1.2390 1.2420 1.2450

GOLD - weekend review and trading plan

GOLD - Daily chart

Gold has reached the major resistance at 1354 level. Now it looks like that it can expand its downward movement.

GOLD - Daily chart

GOLD - H4 chart

Gold is still moving within uptrend channel. After hitting resistance at 1354 it's strongly declined and formed double top. I expect it'll decline more this week. Although now it's moving up, I think that around 1345 it'll bounce down. My trade plan is to set sell position near that area with 1331 and 1320 as targets.

GOLD - H4 chart

Trade recommendation
Sell around 1345  Target levels: T1: 1331 T2: 1320 Current support levels 1330 1319 1308 Current resistance levels 1345 1354 1374

USD/CAD - trading plan for a nice profit

USD/CAD - H4 chart

The price has been falling recently, but after hitting 1.1035 support it bounced upward and returned over previous uptrend line. Usd/Cad is still within latest consolidation zone (1.1035-1.1120) but i think it will break above soon. Trading plan is to set long position around 1.1075 with 1.1150 and 1.1210 as targets. For more secure option you may wait until the candle closes above 1.1120

USD/CAD - H4 chart

Trade recommendation
Set buy order around 1.1075 or buy when it breakes above 1.1120 Target levels: T1: 1.1150 T2: 1.1210 Current support levels 1.1035 1.0950 Current resistance levels 1.1150 1.1220

What about GOLD? Trading recommendation

GOLD - Daily chart

Gold failed to break above the downtrend channel. It bounced from 1267 resistance and returned below the trend line. Now it's heading towards 1231 and if decline continues it should hit 1218.5 level.

GOLD - Daily chart

GOLD - H4 chart

Gold is still in the uptrend, but last declines suggest that this wave may be over. At the end of the week it hit the uptrend line. The support at 1237.50 was defended, but I expect it'll be broken very soon. So, in this week I predict downward movement towards 1228 and 1218.50.

GOLD - H4 chart

Trade recommendation
Sell limit around 1248.50 or sell when it breakes bellow 1237.50 Target levels: T1: 1228.50 T2: 1218.50 Current support levels 1237.50 1228.00 1218.50 Current resistance levels 1254.50 1267.00 1278.50

EURUSD rebound - Technical analysis and trading recommendation

EURUSD - H1 chart

After hitting the lower bond of its downtrend channel Eur/Usd rebounded rapidly.
It's still in consolidation phase and failed to break the downtrend channel, but I assume it will extend its gain up to 1.3715 and 1.31730 further. 

EURUSD - H1 chart

Trade recommendation
Buy ater correction  around 1.3650 or later if the upward pace is sustained Target levels: T1: 1.3715 T2: 1.3730 Current support levels 1.3628 1.3602 1.3585 Current resistance levels 1.3688 1.3715 1.3730

AUDUSD - Technical analysis and trading recommendation

AUDUSD - Daily chart

Aud/Usd has gain quite a bit lately, but it looks like this bullish impulse is depleted. It's reached 0.8830 strong resistance which should force Aud/Usd to decline. Then 0.8660 and 0.8515 are considered as targets.

AUDUSD - Daily chart

AUDSD - H4 chart

Aud/Usd reached resistance near 0.8830. Although it crossed downtrend line, the breaking candle looks weak and it's very likely it'll be negated. In this scenario Aud/Usd will be heading towards 0,8765 and 0.8665 further.

AUDUSD - H4 chart

Trade recommendation
Sell if current candle closes bellow 0.8790 or later if it remains bellow this level. If the price rises and kept above 0.8790 signal is negated. Target levels: T1: 0.8730 T2: 0.8665 Current support levels 0.8765 0.8730 0.8665 Current resistance levels 0.8830 0.8865 0.8900