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Two downward channels to keep an eye on for GBPNZD on the 4 hourly timeframe. Price currently looks like it is preparing to take out the recent low as we continue to move away from the 78.6 % Fibonacci level. Price is also looking to move away from the support turned resistance zone (pink area), which should also support a move to the downside, as bears look to...

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AUDNZD support and resistance zones to keep an eye on, with a potential ascending triangle forming as well on the daily chart.

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EURNZD is currently stalling at the 38.2% Fibonacci level and there has also been a small bounce lower after entering Monthly resistance and touching the upper trendline of the downward channel. Will EURNZD breakout above the channel and move above the 38.2% or will it head lower? It is the ECB tomorrow, which could give us a direction.

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Daily support and resistance zones to keep an eye on for the dollar index, which is currently in a downward channel and looking to break below the 78.6 % Fibonacci level. Daily support and the lower trendline of the channel lie beneath.

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EURGBP is currently approaching weekly resistance and the 38.2% Fibonacci level (of the move down from the 2009 high) is also within this zone. If price can get past this 38.2% level then the next obstacle should be the upper trendline of the downward channel.

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Support and Resistance zones for NZDJPY with Fibonacci levels to keep an eye on. Price has recently bounced lower from the 50% Fibonacci level, with price currently experiencing a small bounce on the edge of a key monthly support zone.

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Monthly Support and Resistance zones for NZDJPY with Fibonacci levels and a key upward channel to also keep an eye on.

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Looking at the 4 Hour chart USDCAD is in a clear downtrend and is currently breaking out of the downward channel to the downside for the 3/4 time. But these moves to the downside have so far been halted for a number of reasons. Namely because any attempt to move away from the 61.8 Fibonacci level (purple @ 1.29705) is entering, strong weekly support and now daily...

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EURJPY currently breaking below 50% Fibonacci level after trendline held. Price also moved out of upward channel as well.

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GBPJPY has recently broken out of the wedge and price has seen a clear lower from the 4 Hourly resistance. Next sellers could look at 61.8% Fibonacci level and the 4 Hourly support as a good area to take some profit. Likewise spectators might see this area, as a good place to buy (placing stops below the 61.8% on a test and bounce). So watch out for a bounce at...

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Head and Shoulder pattern for GBPUSD on 4 Hourly. Price is currently bouncing at 50% Fibonacci level.

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4 Hourly analysis for CADJPY which is currently in two upward channels. Price action has moved away from resistance at 61.8% Fibonacci level, now it is stuck between trying to move lower away from the 50% Fibonacci level and 4 Hourly resistance zone. But price is currently being supported by the lower trendline of the 4 Hourly channel.

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Daily analysis for CADJPY

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Monthly Support and Resistance zones for CADJPY

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Analysis for Silver highlighting some potential support and resistance zones, both on the daily and hourly time frames to keep an eye on. Price is currently struggling to make a clear break lower of the 38.2% Fibonacci level and it is also approaching a key upward trendline that has so far held on multiple tests. A long trade for XAGUSD could be appropriate on an...

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Bounce lower from 61.80% Fibonacci level with bearish engulfing candle as well.

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Some daily support and resistance zones to be aware of and a key trendline acting as resistance. Keep an eye out for any failed breaks or bounces at Fibonacci levels.

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4 Hourly analysis for GBPUSD with some potential support and resistance zones, Fibonacci levels and a key trendline acting as resistance to keep an eye on.