EUR/USD Bias is still bearish in the short term towards 1.3000 area – 1.2970. Nearby there are around resistant area 1.3120, break up the area can bring prices toward the neutral zone in the short term to 1.3150 area – however the correction up 1.3190 currently still normal and we still prefer the bearish scenario in this phase with a strategy of short on rallies as part of a bearish scenario double top. To move up, break and level the daily closing below 1.3000 can trigger a bearish pressure toward 1.2880 area.
GBP/USD bearish Bias in the short term but need a break and level the daily closing below the bearish scenario 1.5650 to continue since the failure to break through to the top of the key areas resistant to 1.5750 1.5550-1.5500 area. Nearby there are around resistant area 1.5700, break up the area can bring prices toward the neutral zone in the short term to 1.5750.
USD/JPY Bias still bullish in the short term oversold condition after we get from slow stochastics, but needed a break to the top area of the 99 to trigger a bullish momentum toward area 85.00-85.50. Nearest Support is around the area measure, break down the area consistent can bring prices toward the neutral zone in the short term but a correction down currently still normal and we still prefer a bullish scenario in this phase.
XAU/LOCO Bias is still bearish toward the area prior to the testing area 1635 1615. The nearest is in the area of resistant 1665, break up this area could trigger a bullish correction towards the area of 1675. Just break up the area that can end the outlook is bearish at the moment.
The refractive INDEX is still bullish over HANGSENG prices remained above the area, heading area 21645 21140 as bullish next target. However, break down area 21140 can trigger a bearish pressure toward area of 21000.
CRUDE OIL/crude OIL Prices continue to move sideways in the falling wedge pattern as shown in the chart the H4. The upper limit of such patterns is now in the lower limit at 106.42 and 103.69. This will be the second level of resistance and support for its movement. This seems to be still sideways Momentum will continue today. And so far, the short-term trend is still bullish with key support at 102.30.
The NIKKEI INDEX Bias still bullish in the short term towards the area prior to the testing area 10200 10250. However, conditions are overbought by stochastic and RSI on the daily chart a bearish correction could trigger area towards 9875. Break down these areas could trigger further bearish correction to 9700 or even area 9585.