EURUSD eyes further upside pressure on bull pressure as we enter a new week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD expects more recovery in the new week.
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Topic: Daily Technical Strategy On Currencies & Commodities (Read 1499 times)
GBPJPY Triggers Corrective Recovery Nearer Term
GBPJPY triggers corrective recovery nearer term as we expect more gain in the days ahead. On the downside, support comes in at the 136.00 level where a violation will aim at the 135.50 level. A break below here will target the 135.00 level followed by the 134.50 level. Conversely, resistance is seen at the 137.00 level followed by the 137.50 level. A cut through that level will set the stage for a move further higher towards the 138.00 level. Further out, resistance resides at the 138.50 level. All in all, GBPJPY remains biased to the upside nearer term.
http://www.fxtechstrategy.com/wp-content/uploads/2019/06/GBPJPYDaily.png
GBPJPY triggers corrective recovery nearer term as we expect more gain in the days ahead. On the downside, support comes in at the 136.00 level where a violation will aim at the 135.50 level. A break below here will target the 135.00 level followed by the 134.50 level. Conversely, resistance is seen at the 137.00 level followed by the 137.50 level. A cut through that level will set the stage for a move further higher towards the 138.00 level. Further out, resistance resides at the 138.50 level. All in all, GBPJPY remains biased to the upside nearer term.
http://www.fxtechstrategy.com/wp-content/uploads/2019/06/GBPJPYDaily.png
EURUSD Sets Up To Strengthen Further Bull Pressure
EURUSD sets up to strengthen further bull pressure following its higher close the past week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD sets up to strengthen further bull pressure on corrective recovery.
EURUSD sets up to strengthen further bull pressure following its higher close the past week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD sets up to strengthen further bull pressure on corrective recovery.
EURUSD Turns Off Lower Prices With Eyes On Upside
EURUSD turns off lower prices with eyes on upside pressure. This has opened the door for more gain in the days ahead. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD turns off lower prices with eyes on upside pressure on correction.
http://www.fxtechstrategy.com/wp-content/uploads/2019/05/EURUSDWeekly.png
EURUSD turns off lower prices with eyes on upside pressure. This has opened the door for more gain in the days ahead. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD turns off lower prices with eyes on upside pressure on correction.
http://www.fxtechstrategy.com/wp-content/uploads/2019/05/EURUSDWeekly.png
GOLD Looks To Extend Its Bear Pressure
GOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.
GOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.
EURUSD Bear Pressure Remains Intact, Looks To Weaken Further
EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD bear pressure remains intact as it threatens further downside
http://www.fxtechstrategy.com/wp-content/uploads/2019/03/EURUSDWeekly-4.png
EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD bear pressure remains intact as it threatens further downside
http://www.fxtechstrategy.com/wp-content/uploads/2019/03/EURUSDWeekly-4.png
EURUSD Expects More Weakness On Price Rejection
EURUSD expects more weakness on price rejection following its lower close the past week. Support stands at the 1.1250 where a break will turn attention to the 1.1200 level. A break below that level will target the 1.1150 level. Further down, support lies at the 1.1100. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD continues to threaten further downside pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2019/03/EURUSDWeekly-3.png
EURUSD expects more weakness on price rejection following its lower close the past week. Support stands at the 1.1250 where a break will turn attention to the 1.1200 level. A break below that level will target the 1.1150 level. Further down, support lies at the 1.1100. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD continues to threaten further downside pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2019/03/EURUSDWeekly-3.png
EURUSD Risk Remains Lower On Further Decline
EURUSD risk remains lower on further decline in the new week as it closed lower the past week. Support stands at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD continues to threaten further downside pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2019/02/EURUSDWeekly-1.png
EURUSD risk remains lower on further decline in the new week as it closed lower the past week. Support stands at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD continues to threaten further downside pressure.
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AUDUSD Weakens On Further Pullback Threats.
AUDUSD weakens on further pullback threats as it saw price extension during early trading on Tuesday. On the upside, resistance stands at the 1.7200 level. A cut through here will turn attention to the 0.7250 level and then the 0.7300 level. A violation will set the stage for a retarget of the 0.7350 level. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below here will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. On the whole, AUDUSD faces further downside threats.
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AUDUSD weakens on further pullback threats as it saw price extension during early trading on Tuesday. On the upside, resistance stands at the 1.7200 level. A cut through here will turn attention to the 0.7250 level and then the 0.7300 level. A violation will set the stage for a retarget of the 0.7350 level. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below here will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. On the whole, AUDUSD faces further downside threats.
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GOLD Threatens More Bull Pressure Towards 1,243.00 Zone
GOLD threatens more bull pressure as it looks to retarget the 1,243.41 resistance zone. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,1990.00 level. Resistance resides at the 1,243.41 level where a break will aim at the 1,250.00 level. Above here will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to recover further higher.
http://www.fxtechstrategy.com/wp-content/uploads/2018/11/XAUUSDWeekly.png
GOLD threatens more bull pressure as it looks to retarget the 1,243.41 resistance zone. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,1990.00 level. Resistance resides at the 1,243.41 level where a break will aim at the 1,250.00 level. Above here will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to recover further higher.
http://www.fxtechstrategy.com/wp-content/uploads/2018/11/XAUUSDWeekly.png
EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD still faces further upside pressure though with caution.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly-2.png
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly-2.png
EURUSD: Outlook Remains Lower With Eyes On Key Support
EURUSD: The pair may have closed higher the past week but could see a move lower following its price reversal on Friday (see daily chart). On the downside, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. Conversely, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. All in all, EURUSD may have closed higher but faces pullback threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly-1.png
EURUSD: The pair may have closed higher the past week but could see a move lower following its price reversal on Friday (see daily chart). On the downside, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. Conversely, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. All in all, EURUSD may have closed higher but faces pullback threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly-1.png
EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 5level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces further downside pressure though hesitating.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDDaily-4.png
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDDaily-4.png
EURUSD: Eyes Further Weakness Towards The 1.1529/00 Zone
EURUSD: The pair looks to follow through lower following its past week losses. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure as we look for more bear pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDDaily-2.png
EURUSD: The pair looks to follow through lower following its past week losses. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure as we look for more bear pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDDaily-2.png
DXY index will fall below 90 and this will trigger a new global trend for sure.
For me DXY falling trend will start before the end of 2018 and will start a new huge economic crisis in 2019.
Bitcoin and all cryptocoins will be very popular.
A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. For me DXY falling trend will start before the end of 2018 and will start a new huge economic crisis in 2019.
Bitcoin and all cryptocoins will be very popular.
On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level.
EURUSD: Loses Upside Momentum, Faces Pullback Risk With Eyes On 1.1534 Zone
EURUSD: The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly.png
EURUSD: The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/09/EURUSDWeekly.png
CRUDE OIL: Sees Further Upside, Eyes The 70.41 Region
CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above here will aim at the 71.50 level and then the 72.00 level followed by the 72.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside.
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/WTI.fsDaily-1.png
CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above here will aim at the 71.50 level and then the 72.00 level followed by the 72.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside.
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/WTI.fsDaily-1.png
DXY index will fall below 90 and this will trigger a new global trend for sure.
For me DXY falling trend will start before the end of 2018 and will start a new huge economic crisis in 2019.
Bitcoin and all cryptocoins will be very popular.
For me DXY falling trend will start before the end of 2018 and will start a new huge economic crisis in 2019.
Bitcoin and all cryptocoins will be very popular.
EURUSD: Sets Up To Recover Further Higher
EURUSD: The pair looks to recover further higher following its past week strength. On the upside, resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-3.png
EURUSD: The pair looks to recover further higher following its past week strength. On the upside, resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-3.png
EURUSD: Halts Weakness, Eyes Further Recovery Higher
EURUSD: The pair looks to correct further higher in the new week as it faces further recovery threats. On the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Conversely, support lies at the 1.1400 level where a violation will aim at the 1.1350 level. A break of here will aim at the 1.1300 level. Below here will open the door for more weakness towards the 1.1250. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-2.png
EURUSD: The pair looks to correct further higher in the new week as it faces further recovery threats. On the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Conversely, support lies at the 1.1400 level where a violation will aim at the 1.1350 level. A break of here will aim at the 1.1300 level. Below here will open the door for more weakness towards the 1.1250. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-2.png
AUDUSD: Remains Bullish On Correction
AUDUSD. The pair looks to strengthen further after closing higher on Thursday. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. On the upside, resistance lies at the 0.7250 level. A cut through here will turn attention to the 0.7300 level and then the 0.7350 level where a violation will set the stage for a retarget of the 0.7400 level. On the whole, AUDUSD faces further upside threats.
AUDUSD. The pair looks to strengthen further after closing higher on Thursday. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. On the upside, resistance lies at the 0.7250 level. A cut through here will turn attention to the 0.7300 level and then the 0.7350 level where a violation will set the stage for a retarget of the 0.7400 level. On the whole, AUDUSD faces further upside threats.
USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further recovery pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/USDJPYDaily-1.png
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/USDJPYDaily-1.png
EURUSD: Bearish, Targets Further Downside
EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-1.png
EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/08/EURUSDWeekly-1.png
EURUSD: Bearish, Retains Downside Pressure
EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure
EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure
EURUSD: Eyes Further Upside Pressure
EURUSD: The pair looks to recovery higher on correction though facing consolidation threats. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-4.png
EURUSD: The pair looks to recovery higher on correction though facing consolidation threats. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-4.png
GBPUSD: The pair continues to retain its upside pressure leaving risk of more strength on the cards in the days ahead. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD remains biased to upside on correction.
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Sure, I can dig that... until the Brexit drama comes crashing down on their heads and they wake up to the mess they're in. I think the pound is doomed mid-long term and they've all got their fingers in their ears singing "lalala" until it happens. Britain has been printing one terrible reading after another, and their data is finally starting to show that they've got no real exit anymore. Or maybe they'll backtrack on it, come out kicking and screaming, and sign a few free trade agreements just to save face. It's all a matter of time now.
But this is a good one because the USD is running out of steam and is looking for a good reason to weaken.
Short GBP/AUD. I see short-term upside potential, long-term downside potential.
GBPUSD: The pair continues to retain its upside pressure leaving risk of more strength on the cards in the days ahead. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD remains biased to upside on correction.
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http://www.fxtechstrategy.com/wp-content/uploads/2018/07/GBPUSDDaily-3.png
GOLD: Rejects Lower Prices, Eyes More Upside
GOLD: The commodity looks to strengthen further after rejecting lower prices the past week. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level. Conversely, resistance resides at the 1,240.00 level where a break will aim at the 1,250.00 level. A turn above there will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. All in all, GOLD looks to strengthen further.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-3.png
GOLD: The commodity looks to strengthen further after rejecting lower prices the past week. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level. Conversely, resistance resides at the 1,240.00 level where a break will aim at the 1,250.00 level. A turn above there will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. All in all, GOLD looks to strengthen further.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-3.png
EURUSD: Faces Further Downside Pressure But With Caution
EURUSD: The pair looks to extend its weakness after selling off on Wednesday. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure but with caution of a recovery.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-2.png
EURUSD: The pair looks to extend its weakness after selling off on Wednesday. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure but with caution of a recovery.
http://www.fxtechstrategy.com/wp-content/uploads/2018/07/EURUSDWeekly-2.png
EURUSD: Faces Further Upside Pressure
EURUSD: The pair still faces further upside pressure on recovery. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure but with caution of a recovery.
EURUSD: The pair still faces further upside pressure on recovery. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure but with caution of a recovery.
USDJPY: Threatening Further Bull Pressure
USDJPY: The pair looks to recover further higher leaving risk of more strength on the cards. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 10.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the 110.50 level. Further out, we envisage a possible move towards the 111.00 level. Further out, resistance resides at the 111.50 level with a turn above here aiming at the 112.00 level. On the whole, USDJPY faces further downside pressure near term.
http://www.fxtechstrategy.com/wp-content/uploads/2018/06/USDJPYDaily-1.png
USDJPY: The pair looks to recover further higher leaving risk of more strength on the cards. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 10.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the 110.50 level. Further out, we envisage a possible move towards the 111.00 level. Further out, resistance resides at the 111.50 level with a turn above here aiming at the 112.00 level. On the whole, USDJPY faces further downside pressure near term.
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USDCHF: Remains Vulnerable To The Downside On Corrective Pullback
USDCHF: The pair looks to weaken further in the new week on corrective pullback threats. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0200. All in all, USDCHF faces further corrective downside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2018/05/USDCHFWeekly-1.png
USDCHF: The pair looks to weaken further in the new week on corrective pullback threats. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0200. All in all, USDCHF faces further corrective downside pressure
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GBPUSD: Weakens On Further Bear Pressure
GBPUSD: The pair saw further weakness following its past week losses. Support lies at the 1.3950 level where a break will turn attention to the 1.3900 level. Further down, support lies at the 1.3850 level. Below here will set the stage for more weakness towards the 1.3800 level. Conversely, resistance stands at the 1.4000 levels with a turn above here allowing more strength to build up towards the 1.4050 level. Further out, resistance resides at the 1.4100 level followed by the 1.4150 level. On the whole, GBPUSD remains biased to downside on further weakness.
http://www.fxtechstrategy.com/wp-content/uploads/2018/04/GBPUSDDaily-5.png
GBPUSD: The pair saw further weakness following its past week losses. Support lies at the 1.3950 level where a break will turn attention to the 1.3900 level. Further down, support lies at the 1.3850 level. Below here will set the stage for more weakness towards the 1.3800 level. Conversely, resistance stands at the 1.4000 levels with a turn above here allowing more strength to build up towards the 1.4050 level. Further out, resistance resides at the 1.4100 level followed by the 1.4150 level. On the whole, GBPUSD remains biased to downside on further weakness.
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EURUSD: Continues To Face Downside Pressure
EURUSD: The pair faces recovery higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. All in all, EURUSD faces further downside threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/04/EURUSDWeekly-1.png
EURUSD: The pair faces recovery higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. All in all, EURUSD faces further downside threats.
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EURUSD: Continues To Retain Downside Pressure
EURUSD: The pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further downside threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/04/EURUSDWeekly.png
EURUSD: The pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further downside threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/04/EURUSDWeekly.png
EURUSD: Faces Further Weakness
EURUSD: The pair looks to follow through higher on the back of past week gain. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further recovery threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/03/EURUSDWeekly-3.png
EURUSD: The pair looks to follow through higher on the back of past week gain. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further recovery threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/03/EURUSDWeekly-3.png
USDJPY: Weakens, Threatens Price Extension
USDJPY: The pair looks to weaken further as more decline is expected in the days ahead. On the downside, support lies at the 105.50 level where a break if seen will aim at the 105.00 level. A cut through here will turn focus to the 104.50 level and possibly lower towards the 104.00 level. On the upside, resistance resides at the 106.50 level. Further out, we envisage a possible move towards the 107.00 level. Further out, resistance resides at the 107.50 level with a turn above here aiming at the 108.00 level. On the whole, USDJPY faces further downside pressure
USDJPY: The pair looks to weaken further as more decline is expected in the days ahead. On the downside, support lies at the 105.50 level where a break if seen will aim at the 105.00 level. A cut through here will turn focus to the 104.50 level and possibly lower towards the 104.00 level. On the upside, resistance resides at the 106.50 level. Further out, we envisage a possible move towards the 107.00 level. Further out, resistance resides at the 107.50 level with a turn above here aiming at the 108.00 level. On the whole, USDJPY faces further downside pressure
GBPUSD: Sees Price Follow Through Higher
GBPUSD: The pair continues to retain its upside pressure on recovery extending its Friday gain. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at the 1.3950 levels with a turn above here allowing more strength to build up towards the 1.4000 level. Further out, resistance resides at the 1.4050 level followed by the 1.4100 level. On the whole, GBPUSD looks to follow through higher.
http://www.fxtechstrategy.com/wp-content/uploads/2018/03/GBPUSDDaily-1.png
GBPUSD: The pair continues to retain its upside pressure on recovery extending its Friday gain. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at the 1.3950 levels with a turn above here allowing more strength to build up towards the 1.4000 level. Further out, resistance resides at the 1.4050 level followed by the 1.4100 level. On the whole, GBPUSD looks to follow through higher.
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GOLD: The commodity closed lower after backing off higher prices on Wednesday. On the downside, support comes in at the 1,330.00 level where a break will turn attention to the 1,320.00 level. Further down, a cut through here will open the door for a move lower towards the 1,310.00 level. Below here if seen could trigger further downside pressure targeting the 1,300.00 level. Conversely, resistance resides at the 1,340.00 level where a break will aim at the 1,350.00 level. A turn above there will expose the 1,360.00 level. Further out, resistance stands at the 1,370.00 level. All in all, GOLD looks to weaken further.
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http://www.fxtechstrategy.com/wp-content/uploads/2018/03/XAUUSDDaily-2.png
GOLD: Tumbles Lower, Extends Weakness
GOLD: The commodity retains its downside short term as it sold off on Thurs leaving risk of more upside pressure. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,310.00 level where a break will aim at the 1,320.00 level. A turn above there will expose the 1,330.00 level. Further out, resistance stands at the 1,340.00 level. All in all, GOLD looks to strengthen further.
http://www.fxtechstrategy.com/wp-content/uploads/2018/03/XAUUSDDaily.png
GOLD: The commodity retains its downside short term as it sold off on Thurs leaving risk of more upside pressure. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,310.00 level where a break will aim at the 1,320.00 level. A turn above there will expose the 1,330.00 level. Further out, resistance stands at the 1,340.00 level. All in all, GOLD looks to strengthen further.
http://www.fxtechstrategy.com/wp-content/uploads/2018/03/XAUUSDDaily.png
GBPUSD: Strengthens, Remains On The Offensive
GBPUSD: The pair followed through higher on the back of its Friday gain on Monday. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBPUSD looks to correct further higher.
GBPUSD: The pair followed through higher on the back of its Friday gain on Monday. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBPUSD looks to correct further higher.
EURUSD: Consolidates But With Recovery Risk
EURUSD: With the pair seeing price hesitation the past week, a directional move is a challenge. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further bear threats on correction.
http://www.fxtechstrategy.com/wp-content/uploads/2018/02/EURUSDWeekly-3.png
EURUSD: With the pair seeing price hesitation the past week, a directional move is a challenge. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further bear threats on correction.
http://www.fxtechstrategy.com/wp-content/uploads/2018/02/EURUSDWeekly-3.png
EURJPY: The pair closed higher on price halt on Friday opening the door for more strength. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the upside, resistance resides at the 133.50 level. Further out, we envisage a possible move towards the 134.00 level. Further out, resistance resides at the 134.50 level with a turn above here aiming at the 135.00 level. On the whole, EURJPY faces further bear threats
http://www.fxtechstrategy.com/wp-content/uploads/2018/02/EURJPYDaily.png
EURUSD: Vulnerable On Correction Though With Caution
EURUSD: The pair closed lower the past week leaving risk of more weakness on the cards. We faces price hesitation with a move higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its weekly RSI is bearish and pointing lower suggesting more weakness. All in all, EURUSD faces further pullback threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/02/EURUSDWeekly-1.png
EURUSD: The pair closed lower the past week leaving risk of more weakness on the cards. We faces price hesitation with a move higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its weekly RSI is bearish and pointing lower suggesting more weakness. All in all, EURUSD faces further pullback threats.
http://www.fxtechstrategy.com/wp-content/uploads/2018/02/EURUSDWeekly-1.png
EURGBP: Sells Off Further, Eyes Key Support.
EURGBP- The pair weakened further on Thursday leaving risk of a move lower on the cards. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside.
EURGBP- The pair weakened further on Thursday leaving risk of a move lower on the cards. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside.
EURUSD: Caps Upside Pressure, Threatens Pullback
EURUSD: The pair may have closed higher the past week but faces corrective pullback in the new week. On the upside, resistance comes in at 1.2450 level with a cut through here opening the door for more upside towards the 1.2500 level. Further up, resistance lies at the 1.2550 level where a break will expose the 1.2600 level. Conversely, support lies at the 1.2400 level where a violation will aim at the 1.2350 level. A break of here will aim at the 1.2300 level. Below here will open the door for more weakness towards the 1.2250. All in all, EURUSD faces further upside move on bullish offensive but with caution.
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDWeekly-2.png
EURUSD: The pair may have closed higher the past week but faces corrective pullback in the new week. On the upside, resistance comes in at 1.2450 level with a cut through here opening the door for more upside towards the 1.2500 level. Further up, resistance lies at the 1.2550 level where a break will expose the 1.2600 level. Conversely, support lies at the 1.2400 level where a violation will aim at the 1.2350 level. A break of here will aim at the 1.2300 level. Below here will open the door for more weakness towards the 1.2250. All in all, EURUSD faces further upside move on bullish offensive but with caution.
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDWeekly-2.png
EURUSD: Vulnerable, Loses Upside Momentum
EURUSD: The pair backed off higher prices to close on a rejection candle the past week. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDWeekly-1.png
EURUSD: The pair backed off higher prices to close on a rejection candle the past week. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDWeekly-1.png
EURUSD: Bullish, Risk Builds Up On 1.2322 level
EURUSD: The pair continues to retain its upside pressure as it looks to target the 1.2322 level . On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDDaily-4.png
EURUSD: The pair continues to retain its upside pressure as it looks to target the 1.2322 level . On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/EURUSDDaily-4.png
GBPUSD: The pair faces further upside pressure as it was seen building up on its past gain during Monday trading session. Support lies at the 1.3750 level where a break will turn attention to the 1.3700 level. Further down, support lies at the 1.3650 level. Below here will set the stage for more weakness towards the 1.3600 level. Conversely, resistance stands at the 1.3800 levels with a turn above here allowing more strength to build up towards the 1.3850 level. Further out, resistance resides at the 1.3900 level followed by the 1.3950 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, GBPUSD looks to move further higher on bull pressure.
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/GBPUSDDaily-2.png
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/GBPUSDDaily-2.png
EURUSD: Bullish, Triggers Long Term Uptrend
EURUSD: The pair closed higher the past week triggering the resumption of long term uptrend. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2150 level where a violation will aim at the 1.2100 level. A break of here will aim at the 1.2050 level. Below here will open the door for more weakness towards the 1.2000. Its weekly RSI is bullish and pointing higher. All in all, EURUSD faces further upside weakness on further bullishness.
EURUSD: The pair closed higher the past week triggering the resumption of long term uptrend. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2150 level where a violation will aim at the 1.2100 level. A break of here will aim at the 1.2050 level. Below here will open the door for more weakness towards the 1.2000. Its weekly RSI is bullish and pointing higher. All in all, EURUSD faces further upside weakness on further bullishness.
EURUSD: Upside Pressure Risk Remains Intact
EURUSD: The pair continues to retain its upside pressure hesitating on Friday. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further downside weakness on price halt.
EURUSD: The pair continues to retain its upside pressure hesitating on Friday. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further downside weakness on price halt.
GOLD: Rejects Lower Prices, Risk Remains Higher
GOLD: The commodity still faces its broader upside pressure as it saw a rejection of lower prices on Thursday. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further.
http://www.fxtechstrategy.com/wp-content/uploads/2018/01/XAUUSDDaily-1.png
GOLD: The commodity still faces its broader upside pressure as it saw a rejection of lower prices on Thursday. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further.
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EURUSD: Closes Higher, Eyes Further Upside Pressure
EURUSD: The pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further upside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly-5.png
EURUSD: The pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further upside pressure
http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly-5.png
EURUSD: Looks To Build Up On Strength
EURUSD: The pair now looks to build up on its past week gains though seeing price hesitation on Friday. On the upside, resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD faces further downside weakness
http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly-3.png
EURUSD: The pair now looks to build up on its past week gains though seeing price hesitation on Friday. On the upside, resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD faces further downside weakness
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USDJPY: Bullish, Eyes Further Upside Pressure
USDJPY: The pair closed higher on Tuesday following through higher on Wednesday. On the downside, support lies at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, USDJPY faces further upside threats.
http://www.fxtechstrategy.com/wp-content/uploads/2017/12/USDJPYDaily.png
USDJPY: The pair closed higher on Tuesday following through higher on Wednesday. On the downside, support lies at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, USDJPY faces further upside threats.
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USDCHF: Vulnerable, Turns Lower On Correction
USDCHF: The pair faces further downside pressure after it triggered a correction during early trading today. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further corrective pullback pressure.
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USDCHF: The pair faces further downside pressure after it triggered a correction during early trading today. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further corrective pullback pressure.
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EURUSD:Vulnerable, Sets Up To Weaken Further
EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside weakness
http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly-2.png
EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside weakness
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GBPJPY: Closes Lower, Eyes More Weakness
GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here will target the 148.50 level followed by the 148.00 level. Conversely, resistance is seen at the 150.50 level followed by the 151.00 level. A cut through that level will set the stage for a move further higher towards the 151.50 level. Further out, resistance resides at the 152.00 level. All in all, GBPJPY remains biased to the downside nearer term.
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GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here will target the 148.50 level followed by the 148.00 level. Conversely, resistance is seen at the 150.50 level followed by the 151.00 level. A cut through that level will set the stage for a move further higher towards the 151.50 level. Further out, resistance resides at the 152.00 level. All in all, GBPJPY remains biased to the downside nearer term.
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USDCHF: Hesitates, Upside Risk Builds Up
USDCHF: The With the pair continuing reject lower prices risk of a recovery higher is likely. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further upside pressure but with caution
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USDCHF: The With the pair continuing reject lower prices risk of a recovery higher is likely. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further upside pressure but with caution
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EURUSD: The pair looks to resume its short term downtrend following its upside price rejection. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside pressure short term.
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GBPUSD: Bearish, Looks To Weaken Further
GBPUSD: The pair closed lower the past leaving risk of more weakness on the cards in the new week. Support lies at the 1.3350 level where a break will turn attention to the 1.3300 level. Further down, support lies at the 1.3250 level. Below here will set the stage for more weakness towards the 1.3200 level. Conversely, resistance stands at the 1.3450 levels with a turn above here allowing more strength to build up towards the 1.3500 level. Further out, resistance resides at the 1.3550 level followed by the 1.3600 level. On the whole, GBPUSD looks to pullback further.
GBPUSD: The pair closed lower the past leaving risk of more weakness on the cards in the new week. Support lies at the 1.3350 level where a break will turn attention to the 1.3300 level. Further down, support lies at the 1.3250 level. Below here will set the stage for more weakness towards the 1.3200 level. Conversely, resistance stands at the 1.3450 levels with a turn above here allowing more strength to build up towards the 1.3500 level. Further out, resistance resides at the 1.3550 level followed by the 1.3600 level. On the whole, GBPUSD looks to pullback further.
GBPUSD: Rallies Off Intra Day Low, Eyes 1.3549 Zone
GBPUSD: The pair held of lower prices to close higher on a rally on Thursday. This development has opened the door for more strength in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3500 levels with a turn above here allowing more strength to build up towards the 1.3550 level. Further out, resistance resides at the 1.3600 level followed by the 1.3650 level. On the whole, GBPUSD looks to recover higher.
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GBPUSD: The pair held of lower prices to close higher on a rally on Thursday. This development has opened the door for more strength in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3500 levels with a turn above here allowing more strength to build up towards the 1.3550 level. Further out, resistance resides at the 1.3600 level followed by the 1.3650 level. On the whole, GBPUSD looks to recover higher.
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GBPUSD: Bullish, Biased To The Upside On Trend Resumption
GBPUSD: The pair now faces risk of a trend resumption after reversing its Friday losses on during Monday trading session. Support lies at the 1.3500 level where a break will turn attention to the 1.3450 level. Further down, support lies at the 1.3400 level. Below here will set the stage for more weakness towards the 1.3350 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face upside pressure short term.
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GBPUSD: The pair now faces risk of a trend resumption after reversing its Friday losses on during Monday trading session. Support lies at the 1.3500 level where a break will turn attention to the 1.3450 level. Further down, support lies at the 1.3400 level. Below here will set the stage for more weakness towards the 1.3350 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face upside pressure short term.
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EURUSD Targeting Further Bull Pressure, Eyes 1.1960 Zone
EURUSD: The pair faces further upside as it looks for more strength. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1850 level where a violation will aim at the 1.1800 level. A break of here will aim at the 1.1750 level. Below here will open the door for more weakness towards the 1.1700. All in all, EURUSD faces further downside threats.
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EURUSD: The pair faces further upside as it looks for more strength. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1850 level where a violation will aim at the 1.1800 level. A break of here will aim at the 1.1750 level. Below here will open the door for more weakness towards the 1.1700. All in all, EURUSD faces further downside threats.
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GOLD: Bullish, Targets Further Upside Pressure.
GOLD: The commodity looks to extend upside pressure as it was seen following through higher on Monday. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure towards the 1,260.00 level. Conversely, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to strengthen further on correction.
http://www.fxtechstrategy.com/wp-content/uploads/2017/11/XAUUSDDaily-2.png
GOLD: The commodity looks to extend upside pressure as it was seen following through higher on Monday. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure towards the 1,260.00 level. Conversely, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to strengthen further on correction.
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EURUSD Looks To Extend Its Upside Pressure
EURUSD: The pair remains biased to the upside leaving risk of more strength in the new week. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further recovery threats in the new week.
EURUSD: The pair remains biased to the upside leaving risk of more strength in the new week. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further recovery threats in the new week.
GBPUSD Consolidates But With Bull Risk
GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the whole, GBPUSD continues to face upside pressure but with caution.
GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the whole, GBPUSD continues to face upside pressure but with caution.
EURUSD Closes Higher But With Caution Of Pullbacks
EURUSD: The pair may be biased to the upside but could face pullback risk in the new week. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further corrective recovery threats.
EURUSD: The pair may be biased to the upside but could face pullback risk in the new week. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further corrective recovery threats.
USDJPY: Outlook Remains Lower With Eyes On 112.95 Zone
USDJPY: The pair remains weak and vulnerable to the downside with eyes on its key support located at 112.95 area. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 114.00 level. On the upside, resistance resides at the 114.00 level. Further out, we envisage a possible move towards the 114.50 level. Further out, resistance resides at the 115.00 level with a turn above here aiming at the 115.50 level. On the whole, USDJPY faces further pullback threats.
USDJPY: The pair remains weak and vulnerable to the downside with eyes on its key support located at 112.95 area. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 114.00 level. On the upside, resistance resides at the 114.00 level. Further out, we envisage a possible move towards the 114.50 level. Further out, resistance resides at the 115.00 level with a turn above here aiming at the 115.50 level. On the whole, USDJPY faces further pullback threats.
EURUSD: Pressure Builds Up On The Upside, Eyes The 1.1724 Zone
EURUSD: With the pair backing off lower prices to close higher the past week, more strength is likely. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further corrective recovery threats.
EURUSD: With the pair backing off lower prices to close higher the past week, more strength is likely. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further corrective recovery threats.
EURUSD: Pressure Builds Up On Corrective Recovery Higher
EURUSD: With the pair still holding on its recovery threats, further push higher is expected. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further corrective recovery threats.
EURUSD: With the pair still holding on its recovery threats, further push higher is expected. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further corrective recovery threats.
USDJPY Remains Vulnerable On Correction
USDJPY: The pair remains weak and vulnerable to the downside. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at the 114.50 level. Further out, we envisage a possible move towards the 115.00 level. Further out, resistance resides at the 115.50 level with a turn above here aiming at the 116.00 level. On the whole, USDJPY faces pullback threats on correction
USDJPY: The pair remains weak and vulnerable to the downside. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at the 114.50 level. Further out, we envisage a possible move towards the 115.00 level. Further out, resistance resides at the 115.50 level with a turn above here aiming at the 116.00 level. On the whole, USDJPY faces pullback threats on correction
EURUSD Remains Vulnerable To The Downside On Bear Pressure
EURUSD: With the pair trading flat following price rejection the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further recovery higher.
EURUSD: With the pair trading flat following price rejection the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further recovery higher.
GBPUSD: Eyes More upside Pressure Towards Key Resistance
GBPUSD: The pair looks to strengthen further higher towards it key resistance at 1.3337. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1.3150 level. Below here will set the stage for more weakness towards the 1.3100 level. Conversely, resistance stands at the 1.3350 levels with a turn above here allowing more strength to build up towards the 1.3400 level. Further out, resistance resides at the 1.3450 level followed by the 1.3500 level. On the whole, GBPUSD continues to face further upside pressure on correction
GBPUSD: The pair looks to strengthen further higher towards it key resistance at 1.3337. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1.3150 level. Below here will set the stage for more weakness towards the 1.3100 level. Conversely, resistance stands at the 1.3350 levels with a turn above here allowing more strength to build up towards the 1.3400 level. Further out, resistance resides at the 1.3450 level followed by the 1.3500 level. On the whole, GBPUSD continues to face further upside pressure on correction
CRUDE OIL: Retains Broader Uptrend, Eyes The 55.21 Zone
CRUDE OIL: The commodity may be hesitating but it retains its broader medium term uptrend. On the downside, support resides at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support resides at the 52.00 level. On the upside, resistance resides at the 54.50 level. Further out, resistance comes in at the 55.00 level. A break above here will aim at the 55.50 level and then the 56.00 level followed by the 56.50 level. Its weekly RSI is bullish and pointing higher suggesting more strength in the medium term. All in all, CRUDE OIL remains biased to the upside in the medium term.
CRUDE OIL: The commodity may be hesitating but it retains its broader medium term uptrend. On the downside, support resides at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support resides at the 52.00 level. On the upside, resistance resides at the 54.50 level. Further out, resistance comes in at the 55.00 level. A break above here will aim at the 55.50 level and then the 56.00 level followed by the 56.50 level. Its weekly RSI is bullish and pointing higher suggesting more strength in the medium term. All in all, CRUDE OIL remains biased to the upside in the medium term.
GBPUSD: The pair was seen triggering a recovery during early trading today following its price rejection on Friday. This leaves the pair targeting more strength in the days ahead possibly towards the 1.3278 zone. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD continues to face further upside pressure on recovery.
EURUSD Bearish, Vulnerable But With Caution
EURUSD: With the pair selling off the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD continues to face downside threats but with caution of a recovery.
EURUSD: With the pair selling off the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD continues to face downside threats but with caution of a recovery.
EURGBP: Vulnerable, Eyes Move Towards The 0.8855 Zone
EURGBP- The cross remains biased to downside and looks to extend that weakness with eyes on 0.8855 level. Support lies at the 0.8850 Level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. All in all, EURGBP remains biased to the downside on further weakness
EURGBP- The cross remains biased to downside and looks to extend that weakness with eyes on 0.8855 level. Support lies at the 0.8850 Level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. All in all, EURGBP remains biased to the downside on further weakness
GBPUSD: Reverses Losses On A Rally, Eyes 1.3300 Zone
GBPUSD: The pair took back its Tuesday losses on a rally on Wednesday. This development has opened the door for more strength towards the 1.3300 zone. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. On the whole, GBPUSD continues to face further upside threats on recovery.
GBPUSD: The pair took back its Tuesday losses on a rally on Wednesday. This development has opened the door for more strength towards the 1.3300 zone. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. On the whole, GBPUSD continues to face further upside threats on recovery.
EURUSD Recovers, Eyes Further Bull Pressure Towards 1.1879 Region
EURUSD: With the pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD continues to face recovery threats with eyes on 1.1879 zone.
EURUSD: With the pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD continues to face recovery threats with eyes on 1.1879 zone.
USDJPY: The pair looks to correct further higher as it followed through higher on the back of its Tuesday gains on Wednesday. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the upside, resistance resides at the 113.00 level. Further out, we envisage a possible move towards the 113.50 level. Further out, resistance resides at the 114.00 level with a turn above here aiming at the 114.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, USDJPY faces further bullish offensive.
EURUSD Weakens Further, Eyes 1.1700 Support Zone
EURUSD: With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD continues to face further bear threats.
EURUSD: With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD continues to face further bear threats.
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GBPUSD Hesitates Below Key Resistance Zone
GBPUSD: The pair continues to see price hesitation below its key resistance at 1.3337 level. However, while that resistance remains unbroken, we could see the pair weaken. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3250 levels with a turn above here allowing more strength to build up towards the 1.3300 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD continues to face further upside pressure but with caution.
EURUSD Closes Higher But With Caution Of Pullback
EURUSD: With the pair taking back its previous week losses at the end of the week, more recovery could be seen. However, beware of correction pullback. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.19500 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD continues to face further bull threats.
USDCHF: Risk Builds Up On The Upside
USDCHF: With the pair closing marginally lower on rejection candle on Friday, it now looks to recover further higher. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USDCHF faces upside pressure on price rejection.
USDCHF: With the pair closing marginally lower on rejection candle on Friday, it now looks to recover further higher. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USDCHF faces upside pressure on price rejection.
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