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EURUSD my analysis through my partnership with InstaForex here.

USDJPY

Remains in a bullish up trend making higher highs and higher lows. As long as price is above 112.50-112.40 trend will remain bullish. Price is also breaking above a long-term trend line resistance.

GBPUSD

The pound remains in a bullish trend despite the sharp reversal from 1.32 to 1.3070. Price remains inside the bullish channel. A clear break below 1.30 will change trend to bearish.

AUDUSD

AUDUSD remains in a bearish trend has recently reached the resistance trend line and got rejected at 0.73. As long as price is below the recent highs at 0.7304 I remain bearish.

USDCAD

Price is breaking out and below the upward sloping long-term channel

As long as price is below 1.3120 I consider any bounce as a selling opportunity. 1.29-1.2880 is key support that if we see it broken we should expect to see selling pressures increase.

 

Thank you for taking the time to catch up on my thinking

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.