Forex Technical Analysis by Camilo R. (July 07-11)

Good opportunities for entry next week. Forex Weekly Technical Analysis based on the Support, Resistance levels, Trend lines, EMA. (Forex weekly forecast by Camilo R.)

Helpfull links: Real Time Forex Charts (Live), Forex Economic Calendar news (Live)

AUD/CAD Weekly Forecast

Montly Chart:

At monthly chart we can see a support line at 0.9850.

Weekly Chart:

At weekly we can see the support at 0.9930, a resistance at 1.0715, the uptrend line and the EMA 72 with support.

Daily Chart:

At daily chart we can see the price found support at the weekly line at 0.9930 who coincides with weekly EMA72, this area is between the 38.2 and 50% may be that is a good area to buy the pair.

GBP/JPY Weekly Forecast

Monthly Chart:

At monthly chart we just need to care about the resistance line at 1.7900 who is around 400 pips above the actual price.

Weekly:

More two thing to care about at weekly chart. The support line at 1.6300 and the uptrend line.

Daily Chart:

At daily chart we can see clearly a up triangle pattern broken last week, a retraction this week may give good opportunities.

H4 Chart:

In this intraday we can see the price is in a up channel. He already touched the up band and now a retraction at the 61.8% of Fibonacci who coincide with the daily support give us a good buy opportunity.

USD/CAD Weekly Forecast

Monthly Chart:

At monthly chart we see one down trend line where the price tried to broke but is get down again, the EMA 72 as support and a support line at 0.9400 very far away from the actual price.

Weekly Chart:

At weekly chart we can see a up trend line, a support line and the EMA 72 crossing some pips below the actual price.

Daily Chart:

Just one thing to care about at daily chart, the pink down trend line. The price is approaching a very strong support area with five factors to hold the price: the blue weekly support line, the blue weekly trend line, the 61.8% of Fibonacci retraction, the monthly EMA 72 and the weekly EMA 72. May be that is the area the price is looking to go up again.

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