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EURUSD keeps the positive tone

EURUSD keeps the positive tone and today with the pair making an attempt to break above the 50 day moving average which will give the upper hand to bulls at least for the short term. On the downside a break below the 1.17 level will scary buyers away and it is possible to test the support at 1.1660 On the macroeconomic front German Gross Domestic Product (GDP) matched analysts estimates at 0.3% for the first quarter of 2018, a figure that definitely can not inspire the buyers.
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EURUSD

For one more week the EURUSD was under selling pressure, despite the fact that the US NFP data came in lower for this month as well though the figures were revised higher for the last month. EURUSD hit the weekly low at 1.1910, it started the week from around 1.21 area. The Euro has been in a bearish mood since mid-April, and this week broke below the important 200 day MA just to turn the longer momentum also to bearish.
First support for the EURUSD is the Friday’s low at 1.1910 then at 1.1817 a…
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GBPUSD targeting 1.40

GBPUSD absorbed the profit taking earlier today at 1.3920 area and steady bids drove the price up to the daily highs at 1.3980, as the bullish trend is still intact and every pullback is a buying opportunity, bulls now targeting 1.40 as there are no any resistance , i expect the sellers to attempt to enter short positions at 1.4020.
Keep calm and trade responsibly......
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USDCAD

USDCAD is holding near the 2 month high, the pair has gained more than 200 pips lthe last week. Traders expect no change in rates from Bank of Canada. The pair has touched the 100 day moving average which is a strong resistance level, and the volume does not support a break above that level. i expect USDCAD to test the lows at 1.26 as some profit taking is the most possible scenario.
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GBPUSD

GBPUSD is under selling pressure today, after the pair hit the daily high at 1.3286 sellers took control as the Brexit negotiations continue. GBP managed to find support at the 50 day MA and is recovering some pips. If that support holds i expect a move towards 1.3220 level
Keep calm and trade responsibly....
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GBPUSD

GBPUSD regains bullish momentum breaking above the 50hour moving average and also breaking above the 50 daily moving average after rumors that EU may offer UK a 2 year transition period, stay long as the pair is trading above 1.32
Keep calmm and trade responsibly.....
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EURUSD

EURUSD keeps the positive momentum today for third day as EUR relief came from Catalunia president. Short term bullish is well intact as the pair trades above the hourly averages and now is testing the 50 day moving average, a break above will give the bulls the upper hand targeting 1.1862.
Keep calm and trade responsibly...
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AUDUSD bearish momentum

AUDUSD is under heavy selling pressure the last two weeks that turn the momentum to bearish in the short term as well as for the long term. The price today broke below the 100 day Moving average, and sellers are in full control, and can drive the price down to 0.76 where is the next support.
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Watching list for next week

Here is my watching list for next week:
UK Trade Balance on Tuesday at 9:30 GMT
FOMC Meeting Minutes on Wednesday at 19:00 GMT
ECB President, Mario Draghi speech on Thursday at 15:15 GMT
US September CPI, Retail Sales on Monday at 13:30 GM
So be careful before and after the announcements.
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GBPUSD ready for the rebound

GBPUSD is under heavy selling pressure the last six trading days and now have reached oversold level. I expect a rebound from current levels as the price approaches the 100 MA which can be a strong support and rebound level. USD is outperforming the last week the majors as traders betting for one more rate increase by December. The rebound can drive GBPUSD above 1.3350 at the point that the correction started.
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