Weekly Analysis For Major Currency Pairs For August 17-21, 2015

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Weekly bias remains bullish. A successful break of 1.12123 resistance would bring further rise which will target 1.1436/66 resistance zone as Exponential Moving Averages 21/55 signals more buying is expected. However on the downside, though, below 1.1023 minor support will dampen this bullish case and turn bias back to the downside for 1.0807 again.




Weekly bias remains bullish. A successful break of 1.56884 will extend the rebound from 1.5329 towards 1.5929 in the medium term picture. In such case, the whole rise from 1.4565 would extend higher. Meanwhile, below 1.5423 will turn bias back to the downside for 1.5329. Break will indicate resumption of fall from 1.5929 and suggests that rebound from 1.4565 has completed.




Weekly bias remains neutral as 4 hours and Daily trend analysis contradict. However, a break of 123.00 support will extend the consolidation from 125.85 with another falling leg towards 120.40 support. Nonetheless, decisive break of 125.85 will confirm larger up trend resumption as Exponential Moving Averages 21/55 on the daily time-frame shows more rise is expected on the long term.




Weekly bias remains neutral. As long as 0.7438 resistance and key support level of 0.7182 holds. A decisive break of any of these pivots would create a trend definition for this pair.




Weekly bias stays neutral as the pair continued to consolidate below 1.3213 resistance last week and outlook is unchanged. Initial bias stays neutral this week first. Further rise is still expected as long as 1.2859 support holds. Above 1.3213 will target next projection level at 1.3287. Meanwhile, break of 1.2859 will confirm near term topping with bearish divergence condition in 4 hours MACD. In such case, deeper pull back would be seen back to 55 days Exponential Moving Average.





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