Erka_shildeg's Blog
EUR/USD
Today is the month end that requires some transaction and money flow, meaning that USD demand prevailing. But, I think EURO will rebound later by the day end. The price is on tight range at the moment.
NZD/JPY
Today, JPY was strongest, and NZD/JPY has erased the last three days gains in a single day. The price may take support on 0.74.
USD/CHF
USD/CHF has tested the SMA 200 @0.9740-50 areas and likely to rebound towards 0.99 area roughly around the first week of September.
EUR/USD
Earlier on July 30th, the EUR/USD pair broke the weekly support at 1.1630 and dropped at 1.13-1.1350 area where SMA 200 lies and by now, taking the leg on SMA 200 the pair has coming back and testing the line again at 1.1720 level. Also looks like HS pattern!
GBP/USD
GBP/USD is locked at big triangle that started from July 26th @ 1.32 to 1.2660 (Aug 15th) and rebounded back to 1.2933 (Aug 22). Now the range is very narrow and I expect the strong expansion. Upside first target @1.2980 or down 1.27. By the end of this week, it will test one of these levels, providing good opportunity!
USD/CAD
USD/CAD is trending along the channel ascending. If USD shows signs of strength the the pair will test the 1.3530 area otherwise 1.2880 and 1.2730 will be next targets.