USDCHF indicates bullish implications.

Posted On 18 Feb 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1167	1.1209	1.1240
Support	1.1094	1.1063	1.1021
Primary Scenario	EURUSD is revolving the daily pivot point at 1.1136. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 1.1167 and then higher at 1.1209.
Alternative Scenario	A comeback of the market below the daily pivot will lead the pair to find support at 1.1094.

	GBPUSD	H4
Resistance	1.4340	1.4391	1.4444
Support	1.4236	1.4183	1.4131
Primary Scenario	The pair is hovering slightly above the daily pivot (1.4287). A bounce up from current levels will generate strength for GBPUSD to target the hurdle at 1.4340 and even higher at 1.4391.
Alternative Scenario	On the other hand, should the pair achieve to violate the daily pivot, it will pave the path down to 1.4236.

	USDCHF	H4
Resistance	0.9957	0.9993	1.0046
Support	0.9869	0.9816	0.9780
Primary Scenario	USDCHF indicates bullish implications. If the pair manages to extend its uptrend, it will hit the resistance at 0.9957 and further up to 0.9993.
Alternative Scenario	A reversal back below the daily pivot (0.9905) will push prices to find support at 0.9869.

	USDJPY	H4
Resistance	114.13	114.87	115.50
Support	113.70	113.23	112.55
Primary Scenario	The pair is now negotiating within the Kumo. A plunge of the market below the key support at 113.70 will lead USDJPY out of the cloud, with immediate target the support level at 113.23 and then lower at 112.55.
Alternative Scenario	Alternatively, a successful penetration of the barrier at 114.13 will fuel the pair further towards the resistance level at 114.87.

	AUDUSD	H4
Resistance	0.7216	0.7252	0.7319
Support	0.7114	0.7047	0.7011
Primary Scenario	AUDUSD has experienced strong resistance within this zone. Any decisive movement to the north will lift the exchange rate towards the hurdle in line at 0.7216. If that happens, the next resistance is seen at 0.7252.
Alternative Scenario	A breach of the daily pivot at 0.7150 will open the way down to 0.7114.

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