Intermarket Weekly Analysis

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Chart of The Day $USDZAR 08-05-2016

On the USDZAR daily chart wee see price action below median line Pitchfork channel calling fro more weakness in the days ahead with target zone 13.000-13.4000

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Chart of The Day $USDCHF 08-08-2016

On the USDCHF H4 chart wee see price action below 61.8% Fibo retrace from the last swing down 0.9840. We expect downside continuation below this level.

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Chart of The Day $NZDUSD 08-10-2016
On the NZDUSD Daily chart wee see a bounce from 0.7100-0.7150 zone and upside momentum catching up for a test of this year highs 0.7450. Be on alert for RBNZ interest rate decision tonight.

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Chart of The Day $NZDJPY 08-11-2016
On the NZDJPY H4 chart wee see a break of a flag. We need a follow trough for a bounce to 76-78 zone.

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Chart of The Day $AUDNZD 08-12-2016
On the AUDNZD daily chart wee see a strong resistance zone holding 1.0750-1.0780 and a continuation wedge. Break below 1.0500 will open more downside.

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Chart of The Day $USDCAD 08-15-2016
On the USDCAD daily chart wee see a wedge break and a close below 1.2939 level also 100 SMA will open more downside.

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Chart of The Day $EURUSD 08-16-2016
On the EURUSD daily chart we expect another test of 100 SMA 1.12280 for a move higher into 1.13500-1.14000 zone.

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Chart of The Day $USDCHF 08-17-2016
On the USDCHF daily chart we see a break of Pitchfork channel and a retest of LT trend line 0.9580 level. If we get a break of this level we expect downside continuation to at least 0.9450.

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Chart of The Day $GBPAUD 08-18-2016
On the GBPAUD daily chart we see a retest of a broken hard resistance 1.7072. While below this level we could see and extended decline to 0.6500-0.6600 zone.

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Chart of The Day $DAX 08-19-2016
On the DAX daily chart we see a support at 10400-10600 zone for the Index to test new highs 11000-11500 zone. While below this level we could see and extended decline to 0.6500-0.6600 zone.

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Chart of The Day $USDCAD 08-22-2016
On the USDCAD daily chart we see a retracement from a 100 SMA weekly 1.2740 and a retest of broken wedge downside support zone 1.2950-1.3030. This zone should hold for a new lows and offer us an opportunity for new short entry with good RR

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Chart of The Day $GBPJPY 08-23-2016
On the GBPJPY H4 chart we see a possible Inverse H&S formation with neckline at 132.050 level. Above 100 SMA (RED LINE) 132.460 target is 134-135 zone.

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Chart of The Day $OIL 08-24-2016
On the OIL daily chart we see a bounce from 50% Fibo retracement of Feb.-June 2016 wave higher. Support for this uptrend momentum is 44.50-46 zone and if this holds we could see 55 as 61.8% Fibo extension target.

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Chart of The Day $GBPAUD 08-25-2016
On the GBPAUD daily chart we see a break of a basing falling wedge and with this break pair could extend bounce to 1.7600-1.7800 zone in the following days and weeks. It takes a stronger GBP and sideways AUD for that.

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Chart of The Day $AUDUSD 08-29-2016
On the AUDUSD daily chart we see a falling wedge in an upside channel. Break above 0.7620 is required for confirmation of bullish continuation to 0.7800.

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Chart of The Day $USDSEK 08-31-201
On the USDSEK H4 chart we see a rising wedge (usually a bearish formation) in breaking. The pair is rejected from 61.8% Fibo and below 8.5120 we could see extended fall to 8.4600

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Chart of The Day $AUDNZD 09-01-2016
On the AUDNZD daily chart we see a rising wedge formation broken and Fibo extension from the first swing up in the wedge is showing us downside potential for 1.2047 target and lower.

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Chart of The Day $EURUSD 09-02-2016
On the EURUSD daily chart we see a bounce from 61.8% Fibo of the last swing up. We expect a test of 1.12500-1.13000 zone and for that the pair needs to overcome 100 SMA (RED LINE) 1.12142.

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Chart of The Day $GBPUSD 09-05-2016
On the GBPUSD daily chart we see a break of wedge in making 1.3300 level which could mean that basing is over and a rise to 1.3800-1.4000 zone is expected. Upside momentum is good and this break will only need confirmation.

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Chart of The Day $CL_F 09-05-2016
On the Oil daily chart we see a break of a broadening wedge 45.30 level and a hold by 34 and 100 SMA . We need to see a break of 100 SMA for another test of 48-49.50 zone. Good opportunity for buying dips with SL just below 43.

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