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Weekly review of three pairs

EUR/USD


Monthly chart: meanwhile, the area of resistance 1.3974-1.40 is both bulls' target and a key barrier for a probable further movement. Two strategic levels of support - 1.3615 and 1.3164. Buyers' pressure can continue from one of them.


Weekly review of three pairs


Weekly chart: here we see hos the price is griped within the range 1.3615-1.3833. We will wait for a further breakthrough upwards following to a probable rollback to the support 1.3615.


Weekly review of three pairs


Day chart: the situation is similar with a better localized support at the level of 1.3650.


Weekly review of three pairs


Conclusion: main plan is touching of 1.3833 area, rollback to 1.3650 and a new wave of growth above1.40. Another option is the break of level 1.3833 and a direct growth without a rollback.


GBP/USD


Monthly chart: 1.7061 is the key resistance. This very point keeps bulls from a further movement to 1.86 (1600 points of movement which is very promising).  But a rollback to Bollinger's medium band (1.5855) is also possible.


Weekly review of three pairs


Weekly chart: a significant support can be made at the point of 1.6283 ( Bollinger's middle band), I recommend to watch closer at possible long-signals at younger charts.


Weekly review of three pairs


Day chart: one more support is possible at 1.6525.


Weekly review of three pairs


Conclusion: a main plan is a rollback to the area of 1.6283 and start of movement to 1.7061.  Another option is the scenario of growth to 1.6525.


AUD/USD


Monthly chart: downtrend is still in force. Formation of a well-consolidated inside bar is probable, but to have it formed, bears must not allow the price to rise for more than 6 points. Anyway, rollback to the Bollinger's middle band (0.9761) is probable before the movement to 0.8037 goes on.


Weekly review of three pairs


Weekly chart: a significant bullish convergence must be pointed out here. Control resistance (will confirm readiness of bulls to work out convergence) is the Bollinger's middle band (0.9138), whereas strategic resistance (will be broken by the reversal pattern Over&under) is at the point of 0.9761.


Weekly review of three pairs


Day chart: support is at the point of 0.89.


Weekly review of three pairs


Conclusion: main plan is a bounce up from the area 0.89 and development of an uptrend to 0.9138 and 0.9761. Another option is the failure of breakthrough above 0.9138 and leave down to new lows.

Aleksey Panasenko
FreshForex Analyst
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