USDCHF is searching for direction.

December 23, 2015

Article by ForexTime

EURUSD H4
Resistance 1.0992 1.1028 1.1074
Support 1.0910 1.0865 1.0829
Primary Scenario EURUSD edged up at 1.0983, before closing below the daily pivot (1.0947). If the bears manage to take control of the bulls, the rate will retest the support at 1.0910 and further down to 1.0865.
Alternative Scenario Should the pair achieve to exceed the daily pivot, the next resistance is seen at 1.0992.

GBPUSD H4
Resistance 1.4885 1.4947 1.4988
Support 1.4783 1.4743 1.4681
Primary Scenario The pair is now trading in a correction course, slightly above the daily pivot at 1.4845. If the pair manages to extend its correction, it will climb towards the resistance at 1.4885 and then higher at 1.4947.
Alternative Scenario Alternatively, a reversal back below the daily pivot will pave the path down to 1.4783.

USDCHF H4
Resistance 0.9915 0.9965 0.9995
Support 0.9835 0.9805 0.9755
Primary Scenario USDCHF is searching for direction. A bounce up from current levels will trigger the pair to target the resistance level at 0.9915 and even higher at 0.9965.
Alternative Scenario A plunge of the market below the daily pivot will open the way down to 0.9835.

USDJPY H4
Resistance 121.13 121.50 121.95
Support 120.95 120.71 120.33
Primary Scenario The pair is negotiating below the Kumo. A decisive movement to the south will push prices to breach the barrier at 120.95, with immediate target the levels at 120.71 and 120.33.
Alternative Scenario On the other hand, an upward wave would lift USDJPY to surpass the hurdle at 121.13, targeting the resistance at 121.50.

AUDUSD H4
Resistance 0.7261 0.7288 0.7328
Support 0.7193 0.7153 0.7126
Primary Scenario AUDUSD is now heading towards the resistance at 0.7261. A successful attempt to penetrate this level will fuel the pair to hit the forthcoming resistance level at 0.7288.
Alternative Scenario. A comeback of the currency pair below the daily pivot (0.7220) will push prices to find support at 0.7193.

 

Article by ForexTime

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