EUR dropped heavily last week and is now trading far below 1.1000. Current conditions show the pair is extremely bearish with no signs of correction higher. Indicators on all time frames are bearish and the pair is going to drop further. It has reached some support area between 1.0800 and 1.0830 which probably will stop further downside for now and the pair may also recover a bit to 1.0900 till Thursday, when i expect another downside and breaking the 1.0830 support. Bad times for the EUR since the beginning of the 2015, and worse still to come.
GOLD also badly affected by the strong dollar.1220 resistance bounced back the price and it confirmed breaking of the positive daily Ichimoku cloud. Next target is set to 1152 and then 1131. H4, Daily and Weekly indicators are bearish. Only the H1 frame sowns some temporary recovery possible.
NZD is under dollar pressure and indicators on H1, Daily and Weekly are bearish.H4 indicators are mixed but are moving to bearish mode too. Last week the pair has reached almost 0.7600 and now we are far below. This pair will be bearish as long as the price is below 0.7540 Only above that further recovery may appear.
AUD has found some support above 0.7750 by the daily positive cloud but we have a strong resistance at 0.7800 and with the powerful dollar this seems unbreakable. For this week it is more likely to drop below 0.7750 than break above 0.7800-0.7830 resistance area. Below this area the pair is bearish and will continue to loose positions against the dollar.
JPY has lost the battle for 120.00 level and the dollar feels a lot comfortable above 121.00. There is no doubt upside will continue as H1,H4, Daily and Weekly indicators are bullish. It is good to know that quick tests to 120.60 and 120.30 are still possible. Below 120.00 the pair will enter in a consolidation mode with some more sideways trade.
GBP has lost positions against the dollar too. We have been very close to the 1.5000 main support level, but the bears have decided to take a rest for a while. First resistance comes at 1.5080, followed by 1.5140 and finally 1.5180. The last one is far away and only above that we may hope for further recovery. Below 1.5080 the pair is bearish and first support to break is 1.5050 then 1.5000, finally 1.4940.
RUB gains back slowly lost positions, the price here doesn't depend on the power of the dollar but on political situation in Ukraine. This pair is quite difficult to predict at the moment. The price is currently blocked by the resistance 60.60-61.00. Upside may be partly restored only above 62.00, but then comes the 64.00 resistance which is stronger and has enough power to bounce back the price so be careful here. On Daily frame the resistance to watch is 61.50, below this one we are bearish and above 62.00 we shall have some chances to try our luck at 64.00.
SHORT EUR below 1.0850 SL 1.0860 TP 1.0830-1.0800-1.0788-1.0762-1.0744
LONG EUR above 1.0880 SL 1.0870 TP 1.0912-1.0933-1.0956-1.0982
SHORT GOLD below 1167 SL 1170 TP 1155-1142-1131-1118
LONG GOLD above 1170 SL 1167 TP 1188-1194-1201-1206-1212-1218