EURUSD Sees Strong Rally With Eyes On 1.1549 Zone
EURUSD sees strong rally with eyes on the 1.1549 zone. This is a build up on its recent bullish recovery. Support lies at the 1.1450. A violation will aim at the 1.1400 level. A turn below here will target the 1.1350 level. Further down, support lies at the 1.1300. On the upside, resistance resides at 1.1550 level with a break through there opening the door for further upside towards the 1.1600 level. Further up, resistance comes in at the 1.1650 level where a violation will expose the 1.1700 level. All in all, EURUSD continues to face further upside pressure.
USDCHF Retains Broader Upside Bias, Eyes 1.0094 Region
USDCHF retains broader upside bias with eyes is key resistance located at 1.0094. Further out, resistance resides at the 1.0150 level where a breach will clear the way for more strength to develop towards the 1.0200 level. Above here, resistance comes in at the 1.0250 level followed by the 1.0300 level. On the downside, support lies at the 1.0000 level. A turn below there will open the door for more decline towards the 0.9950 level. And then the 0.9900 level. All in all, USDCHF faces further price strength with eyes on the 1.0094 and beyond.
EURUSD Downside Pressure Builds Up Towards 1.3000 Zone
EURUSD downside pressure builds up towards the 1.3000 zone. This is coming on the back of its pasty week price weakness. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break below here will aim at 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 face further downside pressure medium term
GOLD Eyes Additional Price Weakness Towards 1,200.00 Area
GOLD eyes additional price weakness towards 1,200.00 area in the new week. This is coming on the back of its past week losses. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 1,220.00 level where a break will aim at the 1,230.00 level. A turn above there will expose the 1,240.00 level. Further out, resistance stands at the 1,250.00 level. All in all, GOLD looks to weaken further lower short term.
GBPJP Challenges 146.00 Key Support Zone On Bearishness
GBPJPY challenges 146.00 key support zone on bearishness. This is a follow through lower on the back of its Friday losses. On the downside, support comes in at the 145.50 level where a violation will aim at the 145.00 level. A break below here will target the 144.50 level followed by the 144.00 level. Conversely, resistance comes in at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 149.50 level. Further out, resistance resides at the 150.00 level. All in all, GBPJPY faces further downside pressure on further decline.
USDJPY Broader Risk Points Higher Towards 114.53 Resistance
USDJPY broader risk points higher towards 114.53 resistance zone. As long as the pair trades and holds above the 113.38/57 support levels, its broader uptrend remains valid. On the upside, resistance comes in at 115.00 level. Above here will turn focus to the 115.50 level. Further out, we expect a possible move towards the 116.00 level if the earlier level is taken out. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support comes in at the 113.50 level where a break will target the 113.00 level. A break through that level will turn focus to the 112.50 level and then lower towards the 112.00 level. On the whole, USDJPY faces further upside pressure with eyes on the 114.53 zone
USDJPY Rejects Higher Prices On Loss Of Momentum
USDJPY rejects higher prices on loss of momentum leaving risk of a move lower. On the upside, resistance comes in at 114.50 level. Above here will turn focus to the 115.00 level. Further out, we expect a possible move towards the 115.50 level if the earlier level is taken out. On the downside, support comes in at the 113.50 level where a break will target the 113.00 level. A break through that level will turn focus to the 112.50 level and then lower towards the 112.00 level. On the whole, USDJPY faces further upside pressure medium term but with caution of a move lower.
EURGBP Sees Bullish Rally, Eyes Further Upside Pressure
EURGBP eyes further upside pressure on bullish rally. This leaves immediate upside risk towards the 0.8850 level. A violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. On the upside, resistance resides at the 0.8650 level. All in all, EURGBP remains biased to the upside on further strength.
USDCHF Remains Weak And Vulnerable On Price Sell Off
USDCHF remains weak and vulnerable on price sell off the past week. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0050 level where a breach will clear the way for more strength to develop towards the 1.0100 level. Above here, resistance comes in at the 1.0150 level followed by the 1.0200 level. All in all, USDCHF faces further price weakness on price correction.
EURUSD Sets Up To Strengthen Further Higher
EURUSD sets up to strengthen further higher as it closed higher the past week. Support lies at the 1.1300 where a violation will aim at the 1.1350 level. A break below here will aim at the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1.1450 level with a break through there opening the door for further upside towards the 1.1500 level. Further up, resistance comes in at the 1.1550 level where a violation will expose the 1.1600 level. All in all, EURUSD continues to face further upside pressure on recovery.
EURJPY Threatens Further Bullishness On Recovery Higher
EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50 level. Further out, we envisage a possible move towards the 130.00 level. Further out, resistance resides at the 130.50 level with a turn above here aiming at the 131.00 level. On the whole, EURJPY faces further upside threats towards key resistance.
GOLD: Turns Lower On Price Failure, Threatens Further Weakness
GOLD turns lower on price failure as it threatens further weakness. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, GOLD looks to weaken further lower
AUDUSD Broader Risk Remains Higher Towards 0.6883 Zone
AUDUSD broader risk remains higher with strength expected towards its resistance located at 0.7337 level. On the upside, resistance lies at the 1.7350 level. A cut through here will turn attention to the 0.7400 level and then the 0.7450 level where a violation will set the stage for a retarget of the 0.7500 level. Support resides at the 0.7250 level where a breach will aim at the 0.7200 level. Below here will set the stage for a run at the 0.7150 level with a cut through here targeting further downside pressure towards the 0.7100 level. On the whole, AUDUSD faces further upside
USDCHF Backs Off Lower Prices On Price Correction
USDCHF faces backs off lower prices on price correction. This development leaves risk of more gain on the cards in the coming. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more gain towards the 1.0050 level. Above here, resistance comes in at the 1.0100 level and then the 1.0150 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price correction but with caution.
EURGBP Remains Vulnerable Below Key Resistance At 0.8932
EURGBP remains vulnerable below key resistance at 0.8932. This leaves risk of more decline on the cards. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level This leaves upside risk towards the 0.8950 level. A violation if seen will turn risk towards the 0.9000 level. Further up, resistance comes in at 0.9050 level followed by the 0.9100 level. All in all, EURGBP remains biased to the downside on correction
EURUSD Retains Bear Pressure, Eyes Located at 1.12700.
EURUSD retains bear pressure as it eyes more weakness towards the 1.1270 zone. Support lies at the 1.1250 where a violation will aim at the 1.1200 level. A break below here will aim at the 1.1150 level. Further down, support lies at the 1.1100. 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 face downside pressure medium term.
USDJPY Threatens 113.62 Resistance Zone On Bull Pressure
USDJPY threatens 113.62 resistance zone on bull pressure. This is coming on the back of its Monday strength. On the upside, resistance comes in at 114.00 level. Above here will turn focus to the 114.50 level. Further out, we expect a possible move towards the 115.00 level if the earlier level is taken out. Above here will open the door for more strength towards the 115.50. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support comes in at the 113.00 level where a break will target the 112.50 level. A break through that level will turn focus to the 112.00 level and then lower towards the 112.00 level. On the whole, USDJPY faces further upside pressure.
GBPUSD Outlook Remains Lower With Eyes On 1.2690 Zone
GBPUSD outlook remains lower with eyes on 1.2690 zone. The pair retains its broader downtrend supporting its present directional move. Support comes in at 1.2750 level. Further down, support stands at the 1.2690 level where a breach will turn focus to the 1.2650 level. Further down, support is seen at the 1.2600 level. Below here will set the stage for additional weakness towards the 1.2550 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 1.2800. A turn above here will allow for further strength towards the 1.2850 level. Further out, resistance comes in at the 1.2950 level and then the 1.3000 level. On the whole, GBPUSD faces further downside pressure medium term.
EURUSD Bear Pressure Builds Up Towards 1.1215 Zone
EURUSD bear pressure builds up towards 1.1215 zone as it looks to extend its weakness. Support stands at the 1.1200 where a break will aim at the 1.1150 level. A break below here will target the 1.1100 level. Further down, support lies at the 1.1050. On the upside, resistance comes in 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 face downside pressure.
AUDUSD Bull Pressure Builds Up Towards 0.7337/81 Zone
AUDUSD bull pressure bulls up towards 0.7337/81 zone as more strength is expected. On the upside, resistance lies at the 1.7400 level. A turn above here will shift attention to the 0.7450 level and then the 0.7500 level. A violation will set the stage for a retarget of the 0.7550 level. Its daily RSI is bullish and pointing higher suggesting further strength. Support is seen at the 0.7300 level where a breach will aim at the 0.7250 level. Below here will set the stage for a run at the 0.7200 level with a cut through here targeting further downside pressure towards the 0.7150 level. On the whole, AUDUSD faces further upside pressure with eyes its resistance zone at 0.7381
