Northern scenarios dominate | 21 Maret 2014

EUR / USD

Monthly chart: So, the upper Bollinger band is located at 1.4063 and we see that the ADX builds the pressure. Therefore here are two ways: either a direct puncture resistance 1.4063 and further rise towards 1.4950 euros (red arrow) or a rollback to 1.3660-1.37 for a set of forces, from which, again, will be manifested potential for growth (dark arrow) .

Weekly chart: categorical pressure of bulls. We are waiting for growth to 1.4063.

Day chart: There are a trend pressure of ADX here. So, we can no see euro below 1.3773.

Conclusion: So, wait for pair growth to 1.4063 this week, whence either the puncture and the euro will continue to strengthen above the 41-th figure (with an eye to 1.4950) or bulls allow a revert to 1.3773 price zone, where the euro can be again "picked" . Another option is not seen, but on the upcoming week we all face significant fundamental shocks. It is impossible to predict the state of the dollar and the euro in case of force majeure using technical methods.

GBP/USD

Monthly chart: The situation is similar to EUR/USD. ADX is very active, but it is difficult to determine to which front this activity relates. Traditionally, the main option keeps the trend, so we are waiting for puncture resistance 1.6760 and further movement towards 1.7754. If 1.6760 hold attack, it is possible pullback towards the middle Bollinger Band (1.59).

Weekly chart: key support - middle Bollinger band(1.6386). Below - is impossible, as will be formed reversal O & U (red arrow). However, this option fits into the scenario of the monthly chart (with correction towards 1.59).

Day chart: there is narrowing of the range, but low activity ADX. This could mean the continuation of trade within the envelopes (1.6570-1.6760). If the price slips down, then we can likely expect the fall to 1.6386.

Conclusion: we are waiting intensive trade in the corridor of 1.6570-1.6760. The fall is possible to 1.6389 (which may appear strong signals for buying) or even lower - to 1.59. If bulls strike 1.6760 level, northern perspectives appear towards 1.7754.

AUD/USD

Monthly chart: mark the beginning of work on a possible puncture of the inner bar, formed last month. There is a sufficient activity of ADX indicator. Therefore, we consider the classic option: Touch the middle (0.97416) - return to a broken upper wall (0.9080) - continued growth in the upper envelope (red arrow). Bears offer an alternative so insistently: lower Bollinger band dynamically falling, therefore it is impossible to deny the possibility of downtrend continuation. Dark arrow shows this scenario (in the form of a false break up). Bears first goal will be 0.8444.

Weekly chart: there is a sufficiently broad convergence, as well as significant bullish reversal signal. So after the last price removal down to the lower band (0.8591), bulls probably can make a shot up to 0.9741. More than 1,100 points of possible movement – it is a good medium-term deal.

Day chart: There is a flat within 0.8919-0.91. It is very possible that the turbulence will be continued in this corridor for the whole week.

Conclusion: The main opinion - flat 0.8919-0.91. Alternative opinion is falling to 0.8591 and sharp removal up towards a common goal 0.9741.