EURGBP Remains On Offensive With Further Recovery Threats
EURGBP remains on offensive with further recovery threats. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. On the upside, resistance lies at 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. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURGBP remains biased to the upside on further correction
USDCHF Targets More Recovery On Price Halt
USDCHF targets more recovery on price halt. This development leaves the pair targeting resistance at the 1.0000 level. 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. On the downside, support is seen 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. All in all, USDCHF faces further price corrective recovery threats.
EURUSD Risk Remains Towards 1.1215 Zone
EURUSD risk remains towards 1.1215 zone as it looks to weaken further in the days ahead. Support lies at the 1.1300 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. Its weekly RSI is bearish and pointing lower suggesting more weakness. 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.
GOLD Outlook Remains Higher With Eyes On 1,235 Area
GOLD outlook remains higher wit eyes on 1,235.00 area. This is coming on the back of its intra day strength during Monday trading session. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,205.00 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 1,235.00 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 strengthen further higher
GBPUSD Sets Up To Weaken Further Towards Key Support
GBPUSD sets up to weaken further with more decline towards its key support located at 1.2661 zone. Support is seen at 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level. Further down, support comes in at the 1.2650 level. Below here will set the stage for more weakness towards the 1.2600 level. On the upside, resistance stands at the 1.2850 with a turn above here allowing for additional strength to build up towards the 1.2900 level. Further out, resistance stands at the 1.2950 level followed by the 1.3000 level. On the whole, GBPUSD faces further downside pressure
GBPJPY Faces Further Price Extension On Sell Off
GBPJPY faces further price extension on sell off. This development now eyes the 143.50 level as the next support. A violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 145.50 level followed by the 146.00 level. A cut through that level will set the stage for a move further higher towards the 146.50 level. Further out, resistance resides at the 147.00 level. All in all, GBPJPY faces further downside pressure on more sell off.
AUDUSD Upside Momentum Stalled, Eyes More Correction
AUDUSD upside momentum stalled with eyes on more weakness in the days ahead. 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. Its daily RSI is bearish and pointing lower suggesting further weakness. On the whole, AUDUSD faces further upside threats.
EURUSD Continues To Target The 1.1215 Support Zone
EURUSD continues to target the 1.1215 support zone as downside pressure remains intact. Support lies at the 1.1300 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 downside pressure.
EURGBP Continues To Target Higher Prices
EURGBP faces further recovery threats following its higher close the past week. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. Resistance lies at 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. Its weekly RSI is bullish and pointing higher suggesting more strength. All in all, EURGBP remains biased to the upside on further bull pressure
EURUSD Eyes Further Upside Pressure Nearer Term
EURUSD continues to face further recovery higher. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. 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. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, EURUSD continues to face downside pressure.
CRUDE OIL targets more decline in the short term leaving 50.07 as the next price key target. Support lies at the 49.50 level where a break will expose the 49.00 level. A cut through here will set the stage for a run at the 48.50 level. Further down, support comes in at the 48.00 level. On the upside, resistance resides at the 52.50 level. Further out, resistance comes in at the 53.00 level. A break above here will aim at the 53.50 level and then the 54.00 level followed by the 54.50 level. All in all, CRUDE OIL remains biased to the downside in the short term.
USDCAD Broader Bias Remains Higher On Further Bullishness
USDCAD Broader Bias Remains Upside On Further Bullishness on further bullishness. Support comes in at the 1.3350 level where a break will aim at the 1.3300 level. Further down, support comes in at the 1.3250 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.3200 level. Conversely, resistance lies at the 1.3450 level where a violation will target the 1.3500 level. Further up, resistance resides at the 1.3550 level and then the 1.3600 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, USDCAD looks to strengthen further in the days ahead.
NZDUSD Extends Bearish Pressure On Price Sell Off
NZDUSD extends bearish pressure on price sell off with more decline expected towards 0.6800 support. Further down, support stands at the 0.6750 level. Further down, the 0.6700 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6850 level where a break will turn attention to the 0.6900 level. A break of here will have to occur to create scope for a move towards the 0.6950 level. Further out, resistance stands at the 0.7000 level. All in all, NZDUSD faces further downside pressure on sell off.
USDJPY Bull Pressure Builds Up On 113.81 Resistance Zone
USDJPY bull pressure builds up on113.81 resistance zone and now leaves risk of a move towards the 113.81. On the upside, resistance comes in at 114.00 level. Above here will turn attention to the 114.50 level. Further out, we expect a possible move towards the 115.00 level if the earlier resistance is taken out. Above here will open the door for more gain towards the 115.50. On the downside, support comes in at the 113.00 level where a break will target the 112.50 level. Below that level will turn focus to the 112.00 level and then lower towards the 111.50 level. On the whole, USDJPY faces further upside pressure on more upside.
USDCHF Remains Offensive On Bull Pressure
USDCHF remains on offensive on bull pressure with eyes on key resistance at 1.0007 level. Resistance resides at the 1.0050 level. A break will clear the way for more gain towards the 1.0100 level. Above here, resistance comes in at the 1.0150 level and then the 1.0200 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the downside, support is seen at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9800 level. All in all, USDCHF faces further price recovery threats.
EURUSD Broader Bias Remains Lower
EURUSD remains biased to the downside on further corrective pullback. 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 towards key support.
GOLD Remains Weak And Vulnerable To The Downside
GOLD remains weak and vulnerable to the downside as it looks for more weakness. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level. Further down, a cut through here will open the door for a move lower towards the 1,210.00 level. Below here if seen could trigger further downside pressure targeting the 1,1200.00 level. Conversely, resistance resides at the 1,250.00 level where a break will aim at the 1,260.00 level. A turn above there will expose the 1,270.00 level. Further out, resistance stands at the 1,280.00 level. All in all, GOLD looks to weaken further lower
USDCAD Looks To Extend Medium Term Upside Pressure
USDCAD looks to extend medium term upside pressure following its higher close the past week. Support comes in at the 1.3350 level where a break will aim at the 1.3300 level. Further down, support comes in at the 1.3250 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.3200 level. Conversely, resistance lies at the 1.3450 level where a violation will target the 1.3500 level. Further up, resistance resides at the 1.3600 level and then the 1.3650 level. All in all, USDCAD looks to strengthen further medium term
GBPJPY Eyes Further Bear Pressure On Correction
GBPJPY eyes further bear pressure on correction as it targets the 141.50 level. On the downside, support comes in at the 141.00 level where a violation will aim at the 140.50 level. A break below here will target the 140.00 level followed by the 139.50 level. Conversely, resistance is seen at the 142.50 level followed by the 143.00 level. A cut through that level will set the stage for a move further higher towards the 143.50 level. Further out, resistance resides at the 144.00 level. All in all, GBPJPY faces further downside pressure with eyes on key support.
AUDUSD Remains Vulnerable To The Downside
AUDUSD remains vulnerable to the downside as it looks to resume its broader weakness. On the upside, resistance lies at the 1.7250 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. Support resides at the 0.7150 level where a breach will aim at the 0.7100 level. Below here will set the stage for a run at the 0.7050 level with a cut through here targeting further downside pressure towards the 0.7000 level. On the whole, AUDUSD faces further downside threats.
