Major Currency Short Outlook (H1/H4 Timeframe)
Market Sentiment: Mixed (USD showing signs of localized recovery amid global volatility).
EUR/USD (Euro / US Dollar)
Current Price: 1.1808
Outlook: Bullish Neutral
Analysis: The pair is building an upward trend toward the upper resistance zones. However, a minor corrective wave is expected before further upside.
Key Levels: * Resistance: 1.1880 / 1.1920
Support: 1.1780 / 1.1750
Bias: Look for "Buy on Dips" near 1.1780.
GBP/USD (British Pound / US Dollar)
Current Price: 1.3625
Outlook: Bullish (Corrective)
Analysis: Structure remains bullish. The market is stable ahead of central bank meetings, but a strong five-wave structure suggests more growth potential long-term.
Key Levels:
Resistance: 1.3680 / 1.3720
Support: 1.3580 / 1.3600
Bias: Bullish above 1.3600.
USD/JPY (US Dollar / Japanese Yen)
Current Price: 157.05
Outlook: Bearish Neutral
Analysis: Despite a small bounce today, the overall trend is under pressure due to BoJ intervention fears. A failure to hold 157.20 could trigger a drop.
Key Levels:
Resistance: 157.50 / 158.00
Support: 156.40 / 155.80
Bias: Sell on Rallies near 157.30.
AUD/USD (Australian Dollar / US Dollar)
Current Price: 0.6989
Outlook: Bearish (Short-term)
Analysis: The Aussie has broken below key levels. Momentum is currently favoring sellers as it tests the 0.6950 support floor.
Key Levels:
Resistance: 0.7020 / 0.7050
Support: 0.6960 / 0.6930
Bias: Bearish while below 0.7020.
USD/CHF (US Dollar / Swiss Franc)
Current Price: 0.7780 (Near 15-year lows)
Outlook: Extreme Bearish
Analysis: USD/CHF is at a critical historical pivot. The major resistance zone is at 0.7830 – 0.7860. Unless it breaks this, the "Swissie" strength continues.
Key Levels:
Resistance: 0.7830 / 0.7900
Support: 0.7750 / 0.7700
Bias: Bearish; look for shorts near 0.7830.
USD/CAD (US Dollar / Canadian Dollar)
Current Price: 1.3850
Outlook: Neutral
Analysis: The pair is stuck in a range as oil prices show volatility. It needs a break above 1.3900 to confirm a bullish reversal.
Key Levels:
Resistance: 1.3920 / 1.3980
Support: 1.3780 / 1.3720
Bias: Wait for a breakout of the 1.3780–1.3920 range.
Summary Table for Quick Reference
Pair Directional Bias Scenario 1 Scenario 2
EUR/USD Bullish 1.1865 (Upside) 1.1750 (Support)
GBP/USD Bullish 1.3680 (Upside) 1.3580 (Support)
USD/JPY Bearish 156.40 (Downside) 157.50 (Resistance)
AUD/USD Bearish 0.6960 (Downside) 0.7020 (Resistance)
USD/CHF Bearish 0.7750 (Downside) 0.7830 (Resistance)
USD/CAD Neutral
1.3920 (High)
1.3780 (Low)
