EURUSD

Bearsih trend stopped on Kumo top and (1/8) 1.0863 and after breaking Tenkan-sen 1.0947 correction of last decreases started. Tenkan-sen crossed Kijun-sen from above and Kumo changed colour to bearish. Today price is getting close to resistance area 1.1073-1.1106 created by Senkou Span B and Kijun-sen and most probable scenario i rebound from these levels and come back to support area 1.0863-1.0742. We should always have other plan. On the chart we can notice that ifprice will not drop below Tenkan-sen 1.0934 there will be a possibility of forming reversal H&S patter with 1.1050 neck line. If EURUSD will break Kijun-sen resistance and (3/8) 1.1108 the range of this pattern will be 1.1230-1.1270 area.

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AUDUSD

Strong rebound on commodieties, especially iron ore (gain of almost 19% in one session) caused increasing of bullish trend on AUDUSD. Today after decrease below Tenkan-sen 0.7438 correction started where first level of support is set by (5/8) 0.7385 and then 0.7342. Breaking (6/8) 0.7446 resistance will be another buy signal with range (8/8) 0.7568.

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NZDUSD

Price is still above bearish Kumo and chart is getting close to first support at (5/8) 0.6744. Next support level is set by Kijun-sen 0.6705. Break above Tenkan-sen 0.6782 could be a signal of continuation of gains to (8/8) 0.6836 and then Senkou Span B on W1 chart – 0.6880.

GBPUSD

Interesting situation over here. Since Friday there is a fight with Senkou Span B 1.4251 resistance, the price will not go below Kijun-sen 1.4206. If price will stay above this support area, there is possibility of continuation of bearish trend correction to Kumo low and (3/8) 1.4404. Close of the daily chart below Kijun-sen will mean going back at elast to TEnkan-sen 1.4059.