EURUSD Sees Bullish Offensive On Price Rally
EURUSD sees bullish offensive on rally with more strength expected in the days ahead. Support lies at the 1.1400 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 1.1500 level with a break through there opening the door for further upside towards the 1.1550 level. Further up, resistance comes in at the 1.1600 level where a violation will expose the 1.1650 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD continues to threaten further recovery on rally
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USDCHF Reversed Losses With Eyes On More Strength
USDCHF reversed losses with eyes on more strength in the new week. This leaves resistance residing at the 0.9989 level as the next upside target. A break of here 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 upside pressure. On the downside, support is seen at the 0.9900 level. A turn below there will set the stage for more decline towards the 0.9850 level. And then the 0.9800 level. All in all, USDCHF faces further upside threats.
EURUSD Faces Risk Of Medium Term Trend Resumption
EURUSD faces risk of medium term trend resumption following its price reversal on Friday. Support lies at the 1.1300 where a violation if seen will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support comes in at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 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 continues to threaten further bear pressure
GBPUSD Continues To Retain Its Bearish Threats
GBPUSD continues to retain its bearish threats as it looks to resume broader medium term weakness. Support is seen at 1.2600 level. Further down, support comes in at the 1.2550 level where a break will turn focus to the 1.2500 level. Further down, support comes in at the 1.2450 level. Below here will set the stage for more weakness towards the 1.2400 level. On the upside, resistance stands at the 1.2700 with a turn above here allowing for additional strength to build up towards the 1.2750 level. Further out, resistance stands at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD faces further downside pressure
EURUSD Looks To Weaken Further With Eyes On 1.1269 Level
EURUSD looks to weaken further with eyes on 1.1269 level. This is coming on the back of its weakness on Wednesday. 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 daily RSI is bullish and pointing higher suggesting more strength. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 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 continues to threaten further weaken towards key support
USDCHF looks to weaken further on bear pressure following its Thursday. This leaves resistance residing at the 0.9850 level as the next upside target. A break of there will clear the way for more gain towards the 0.9900 level. Above here, resistance comes in at the 0.9950 level and then the 1.0000 level… On the downside, support is seen at the 0.9750 level. A turn below there will set the stage for more decline towards the 0.9700 level. And then the 0.9650 level. Its daily RSI is bearish and pointing lower suggesting further downside pressure All in all, USDCHF faces further downside threats.
EURUSD Risk Remains Higher With Eyes On 1.1499 Zone
EURUSD risk remains higher with eyes on 1.1499 zone. Support comes in at the 1.1400 where a violation will aim at the 1.1350 level. A break below here will target the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1.1500 level with a break through there opening the door for further upside towards the 1.1550 level. Further up, resistance comes in at the 1.1600 level where a violation will expose the 1.1650 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD continues to threaten further upside.
GOLD Remains On The Offensive With Eyes On 1,290.00 Resistance Zone
GOLD remains on the offensive with eyes on 1,290 resistance zone. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,299.00 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 bullish and pointing higher suggesting more strength. All in all, GOLD looks to move further higher.
CRUDE OIL Looks To Recover Further Higher
CRUDE OIL looks to recover further higher on corrective upside pressure. Support lies at the 46.50 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.50 level. Further down, support comes in at the 45.00 level. On the upside, resistance resides at the 47.50 level. Further out, resistance comes in at the 48.00 level. A break above here will aim at the 48.50 level and then the 49.00 level followed by the 49.50 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, CRUDE OIL remains biased to the downside medium term but with risk of a recovery.
USDCHF Remains Vulnerable With Pullback Threats Expected
USDCHF remains vulnerable with pullback threats expected in the new week. This development leaves resistance residing at the 0.9900 level as the next upside target. A break of here will clear the way for more gain towards the 0.9950 level. Above here, resistance comes in at the 1.0000 level and then the 1.0050 level. On the downside, support is seen at the 0.9800 level. A turn below there will set the stage for more decline towards the 0.9750 level. And then the 0.9700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF faces further downside threats on correction.
EURUSD Eyes Recovery Threats Towards 1.1496 Zone
EURUSD eyes recovery threats towards 1.1496 zone. Support comes in at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will target the 1.1250 level. Further down, support lies at the 1.1200. On the upside, resistance comes at 1.1400 level with a break through there opening the door for further upside towards the 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 continues to threaten further upside pressure.
GBPUSD Sets Up To Recover Further Higher On Bull Pressure
GBPUSD sets up to recover further higher on bull pressure following its Friday positive close. Support is seen at 1.2700 level. Further down, support comes in at the 1.2650 level where a break will turn focus to the 1.2600 level. Further down, support lies at the 1.2550 level. Below here will set the stage for more weakness towards the 1.2500 level. On the upside, resistance stands at the 1.2800 with a turn above here allowing for additional strength to build up towards the 1.2850 level. Further out, resistance stands at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD faces further upside pressure on recovery.
AUDUSD Retains Corrective Recovery Bias
AUDUSD retains corrective recovery bias with eyes on more strength in the days ahead. On the upside, resistance lies at the 1.7150 level. A cut through here will turn attention to the 0.7200 level and then the 0.7250 level where a violation will set the stage for a retarget of the 0.7300 level. Its daily RSI is bullish and pointing higher suggesting further strength. 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.
NZDUSD Resumes Recovery Strength, Bullish
NZDUSD resumes recovery strength as it eyes a move further higher towards the 0.6800 resistance zone. Above here will target 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 resides at the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support stands at the 0.6750 level. Further down, the 0.6700 level comes in as the next downside target and then the 0.6650 level. All in all, NZDUSD faces further upside pressure on recovery.
CRUDE OIL Retains Its Bullish Offensive Short Term
CRUDE OIL retains its bullish offensive short term as it looks for more strength. Support lies at the 52.00 level where a break will expose the 51.50 level. A cut through here will set the stage for a run at the 51.00 level. Further down, support comes in at the 50.50 level. On the upside, resistance resides at the 53.00 level. Further out, resistance comes in at the 53.50 level. A break above here will aim at the 54.00 level and then the 54.50 level followed by the 55.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside in the short term
USDCHF Sees Price Halt With Recovery Risk
USDCHF sees price halt with recovery risk expected in the new week. This leaves resistance residing at the 0.9850 level as the next upside target. A break of here will clear the way for more gain towards the 0.9900 level. Above here, resistance comes in at the 0.9950 level and then the 1.0000 level. On the downside, support is seen at the 0.9800 level. A turn below there will set the stage for more decline towards the 0.9750 level. And then the 0.9700 level. All in all, USDCHF faces further upside threats on a possible corrective recovery higher.
EURUSD Backs Off Higher Prices With Eyes On 1.1421 Zone
EURUSD backs off higher prices with eyes on 1.1421 zone in the new week. Support comes in at the 1.1450 where a violation will aim at the 1.1400 level. A break below here will target the 1.1350 level. Further down, support lies at the 1.1300. On the upside, resistance resides at 1.1500 level with a break through there opening the door for further upside towards the 1.1550 level. Further up, resistance comes in at the 1.1600 level where a violation will expose the 1.1650 level. All in all, EURUSD continues to threaten further downside pressure on price rejection.
GOLD Remains Vulnerable Below Key Resistance At 1,2987.55 Level
GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. 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 where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, GOLD looks to move further lower on correction.
GBPUSD Bearish, Sets Up To Weaken Further On Corrective Pressure
GBPUSD sets up to weaken further corrective pressure following its rejection of upside pressure. Support is seen at 1.2700 level. Further down, support comes in at the 1.2650 level where a break will turn focus to the 1.2600 level. Further down, support lies at the 1.2550 level. Below here will set the stage for more weakness towards the 1.2500 level. On the upside, resistance stands at the 1.2750 with a turn above here allowing for additional strength to build up towards the 1.2800 level. Further out, resistance stands at the 1.2850 level followed by the 1.9000 level. On the whole, GBPUSD faces further downside pressure
