EUR has stabilized the price above 1.1300 and seems ready to start recovery to the upside this week. Economic data that is going to be released is expected to support the upside movements too. First support comes at 1.1405 above this one we are bullish and the target is 1.1450-1.1475-1.1495-1.1530. Above the last comes the first significant resistance area between 1.1545 and 1.1575. As you can see it is pretty wide and it is even stronger with the help ot the H4 SMA200 which passes through it. However once above it will open the way to 1.1770 and 1.2000. Today is a non-working day in USA and the markets there will remain closed. Daily EUR support is at 1.1370 and Weekly is at 1.1310. Below the last we may test again 1.1100 area.
GOLD tested the bottom 1216 after dropping below 1231 ,now has become resistance and prevents the price from going up. Another strong resistance is 1246-1252. Once above bulls will show their maximum power to test 1310 again. Any drop below 1215 again may destroy the bullish outlook and the price quickly will go to test 1144-1150 area. The outlook on Weekly and Monthly is more bearish than bullish.
NZD has started week wit a gap to the upside. The price accelerates but the first resistance is pretty close at 0.7530, followed by the 0.7590. Only a daily close above the second may open the way to 0.7800 area, but for now we have to deal with the first 2 resistances. Support levels are 0.7480 and 0.7465. Above these two we are bullish. Below the second it is better to exit longs and to take a rest for a while.
AUD uses 0.7770 as a starting point for an upside move. You may use it too keeping in mind that some quick tasts of 0.7745 may occur but they won't change the bullish outlook. First resistance comes at 0.7830. We need a H4 close above to continue with the upside. however the pricess will be difficult and won't success at first attempt and even if we have a break of 0.7830 the price will return to test it soon.
JPY showed some recent weakness but succeeded again to stop the dollar from going above 120.60. This level has bounced the price several times and that shows some uncertainty among bulls. This may be used by the bears, but moves in this pair will depend mostly from the BoJ decisions this week. So until then the pair will remain locked in a tiny range with chances for breaking 120.60 resistance. Once above next target will be set at 122.40 and above.
GBP formed a 'flag' formation and is bullish on almost all time frames. This shows that is very very likely the upside to continue. the price is supported by the 1.5370 Senkou Span A price on the negative daily Ichimoku and we are currently inside with a good opportunity to break it to the upside. Span B price is at 1.5600. This level is a strong resistance area and this area is about 60 pips thick, so it won't give up easy. But for now seems the pair will continue to move to 1.5600. Any drop below 1.5400 may test 1.5360 and 1.5320.
RUB gained power after signes peace agreement for Ukraine. Bulls are confused now and do not want to believe that the upside is over. And it of course is still not over. We have to break 60.00 to the downside and to close at leat one day below that to start some profit taking wave which may take the price quickly below 55.00. So be careful with the long positions from now on.
LONG EUR above 1.1405 SL 1.1395 TP 1.1445-1.1460-1.1490-1.1510-1.1550-1.1600
SHORT EUR below 1.1360 SL 1.1370 TP 1.1330-1.1310-1.1255-1.1215-1.1175-1.1125
LONG GOLD above 1227 SL 1224 TP 1241-1245-1248-1252-1266
SHORT GOLD below 1223 SL 1226 TP 1216-1212-1208-1204-1192-1178