Want FULL ACCESS To
ROSS’ DAILY TRADE ROOM?
Simply Click The Get Started Button Right Now!
EUR/USD – Current 1.3315
4 hour View – Major resistance at 1.3410 area. A break heads back to 1.3500. 4 hour trend has been up but seeing some downside pressure.
Resistance – 1.3360 / 1.3385 / 1.3410 / 1.3470 / 1.3500
Support – 1.3341 / 1.3322 / 1.3303 / 1.3282 / 1.3264
Intraday Opportunities – Next leg lower begins with a break of 1.3300. Above 1.3350 could challenge 1.3385 and 1.3400
*************************************************************************************
GBP/USD – Current 1.5480
4 hour View – Bears took over after market open on Sunday however finding stiff support in the mid 1.5400’s. 4hr down trend line sits well above current mkt. near the mid 5600’s
Resistance – 1.5515 / 1.5532 / 1.5560 / 1.5595 / 1.5618
Support – 1.5495 / 1.5480 / 1.5465 / 1.5448 / 1.5420
Intraday Opportunities – A break of 1.5530 could see a push to 1.5560 then 1.5600. Back below 1.5485 back to 1.5450 then 1.5400.
*************************************************************************************
USD/CHF – Current 0.9365
4 hour View – Most recent leg of the downtrend extending since Dec.27. Finding support around 0.9320 has now seen short term break of the trend line up. Resistance for this break at 0.9380.
Resistance – 0.9363 / 0.9382 / 0.9395 / 0.9420 / 0.9450
Support – 0.9337 / 0.9320 / 0.9300 / 0.9277 /
Intraday Opportunities – Watch for continued upside as long as above 0.9300 and break of trend line at 0.9360. Further upside on break of 0.9380.
************************************************************************************
USD/JPY – Current 81.65
4 hour View – Long 4 hour trend finding support at 81.00. A break of 81.60/70 could head back to 82.00 otherwise another test of the lows near 81.00
Resistance – 81.60 / 81.67 / 81.80 / 81.90 / 82.05
Support – 81.44 / 81.30 / 81.23 / 81.09 / 80.92
Intraday Opportunities – Congestion between 81.50 and 80.80 providing support right now. Below 80.80 back to 80.30. Above 80.60/70 could begin leg into the mid 82.00’s.
************************************************************************************
USD/CAD – Current 0.9903
4 hour View – Downtrend strong. Now that it has broken 1.0 we could see a slide down to 0.9735 before major support again. Only thing that changes this outlook is back above 1.0.
Resistance – 0.9917 / 0.9935 / 0.9945 / 0.9972 / 0.9993
Support – 0.9900 / 0.9886 / 0.9855 / 0.9832 / 0.9793
Intraday Opportunities – Holding under 0.9985 continue to focus on slide to 0.9735 selling at resistance. On break above 0.9985 shift back to upside.
************************************************************************************
AUD/USD – Current 1.0183
4 hour View – Uptrend still strong with no change at the moment. Resistance break at 1.0250 and trendline support at 1.0173.
Resistance – 1.0197 / 1.0207 / 1.0217 / 1.0230 / 1.0249
Support – 1.0173 / 1.0135 / 1.0090 / 1.0045 / 1.0000
Intraday Opportunities – Above 1.0205 look for retest of 1.0249. Below 1.0173 slide back to 1.0135 and then look for 4 hour trend break pattern to the downside.
