Guest FXTechstrategy Posted May 1, 2017 Share Posted May 1, 2017 GOLD - Risk Remains Lower On Further Declines GOLD: The commodity continues to hold on to its downside pressure as it looks for more correction. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here will open the door for a move lower towards the 1,240.00 level. Below here if seen could trigger further downside pressure targeting the 1,230.00 level. Conversely, resistance resides at the 1,270.00 level where a break will aim at the 1,280.00 level. A turn above there will expose the 1,290.00 level. Further out, resistance stands at the 1,300.00 level. All in all, GOLD looks to weaken further. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 2, 2017 Share Posted May 2, 2017 USDJPY: Targets Further Upside Pressure With Eyes On Key Resistance USDJPY: The pair continues to hold on to its upside pressure leaving more strength expected. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. On the upside, resistance resides at the 112.50 level. Further out, we envisage a possible move towards the 113.00 level. Further out, resistance resides at the 113.50 level with a turn above here aiming at the 114.00 level. On the whole, USDJPY looks to recover further higher. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 3, 2017 Share Posted May 3, 2017 CRUDE OIL: Vulnerable Short Term CRUDE OIL: With the commodity remaining weak and vulnerable , more decline is expected in the days ahead. Though with caution. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level. Further down, support resides at the 46.50 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 50.00 level. Further out, resistance comes in at the 50.50 level. A break above here will aim at the 51.00 level and then the 51.50 level followed by the 52.00 level. All in all, CRUDE OIL remains biased to the downside. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 6, 2017 Share Posted May 6, 2017 USDCHF: Bearish, Closes Lower USDCHF: The pair closed lower the past week leaving risk of more declines on the cards in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. 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. All in all, USDCHF faces further weakness risk in the new week. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 7, 2017 Share Posted May 7, 2017 EURUSD: Threatens Further Upside Pressure EURUSD: With the pair continuing to hold on to its upside pressure, more strength is envisaged. Resistance comes in at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850 level. All in all, EURUSD faces further bull threats. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 8, 2017 Share Posted May 8, 2017 CRUDE OIL: Halts Weakness, Eyes Higher Prices CRUDE OIL: With the commodity halting its weakness to close higher on a rejection candle on Friday, further bullishness is likely. On the downside, support resides at the 46.00 level where a break will expose the 45.50 level. A cut through here will set the stage for a run at the 45.00 level. Further down, support resides at the 44.50 level. On the upside, resistance resides at the 47.00 level. Further out, resistance comes in at the 47.50 level. A break above here will aim at the 48.00 level and then the 48.50 level followed by the 52.00 level. All in all, CRUDE OIL remains biased to the upside on correction Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 8, 2017 Share Posted May 8, 2017 USDJPY: Eyes Further Upside Pressure In The Short Term USDJPY: The pair remains on the offensive leaving further upside pressure on the cards. Despite its current price hesitation this view remains valid. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. On the upside, resistance resides at the 113.00 level. Further out, we envisage a possible move towards the 113.30 level. Further out, resistance resides at the 114.00 level with a turn above here aiming at the 114.50 level. On the whole, USDJPY looks to recover further higher. Link to comment Share on other sites More sharing options...
Guest andengireng Posted May 9, 2017 Share Posted May 9, 2017 NZDUSD 9 May 2017 NZDUSD is potential for forming head and shoulders pattern on H1 chart. Based on technical analysis today you can try to open the sell position if there is any penetration below the pattern neckline with potential target up to the range 0.68680-0.68375. Note also the resistance area in the range 0.69363-0.69668 looking for confirmation of sell signal. Conversely be careful if the resistance at 0.69668 confirmed breaks as it will turn the intraday bias to bullish and potentially will raise the kiwi up to the range 0.69973-0.70314. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 10, 2017 Share Posted May 10, 2017 EURUSD: Bearish, Declines Further EURUSD: With the pair extending its downside pressure on Tuesday, further weakness is likely in the days ahead. Resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. Conversely, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further bear threats. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 14, 2017 Share Posted May 14, 2017 EURUSD: Retains Upside Bias On Recovery EURUSD: With the pair retaining its short term uptrend, more strength is envisaged. Resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. Conversely, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further bull threats. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 15, 2017 Share Posted May 15, 2017 GOLD: Hesitates, Closes Higher GOLD: The commodity halted its weakness to close higher 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 1,230.00 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 but with caution. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 16, 2017 Share Posted May 16, 2017 EURUSD: Bullish, Rallies Further EURUSD: With the pair retaining its short term uptrend by rallying further on Tuesday, more strength is envisaged in the days ahead. Resistance comes in at 1.1100 level with a cut through here opening the door for more upside towards the 1.1150 level. Further up, resistance lies at the 1.1200 level where a break will expose the 1.1250 level. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. All in all, EURUSD faces further bull pressure. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 18, 2017 Share Posted May 18, 2017 CRUDE OIL: Risk Turns Higher On Trend Resumption CRUDE OIL: With the commodity threatening further upside, more strength is likely in the days ahead. On the downside, support resides at the 48.00 level where a break will expose the 47.50 level. A cut through here will set the stage for a run at the 47.00 level. Further down, support resides at the 46.50 level. On the upside, resistance resides at the 49.00 level. Further out, resistance comes in at the 49.50 level. A break above here will aim at the 50.00 level and then the 50.50 level followed by the 51.00 level. All in all, CRUDE OIL remains biased to the upside on further correction Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 19, 2017 Share Posted May 19, 2017 EURJPY: Follows Through Higher On Recovery EURJPY: The pair faces further move higher following strong strength during Friday trading today. On the downside, support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will turn focus to the 123.00 level and possibly lower towards the 122.50 level. On the upside, resistance resides at the 125.00 level. Further out, we envisage a possible move towards the 125.50 level. Further out, resistance resides at the 126.00 level with a turn above here aiming at the 126.50 level. On the whole, EURJPY faces further upside pressure. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 21, 2017 Share Posted May 21, 2017 EURUSD: Resumes Its Medium Term Uptrend EURUSD: With the pair rallying to close higher the past week, more strength is expected in the new week. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. Conversely, support lies at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will aim at the 1.1050 level. All in all, EURUSD faces further bear pressure. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 23, 2017 Share Posted May 23, 2017 AUDUSD: Rallies Further On Bull Pressure AUDUSD. The pair continues to retain its recovery threats strengthening strongly on Tuesday and leaving risk of price extension. On the downside, support resides at the 0.7450 level where a breach will aim at the 0.7400 level. Below that level will set the stage for a run at the 0.7350 level with a cut through here targeting further downside pressure towards the 0.7300 level. On the upside, resistance lies at the 0.7550 level. A cut through here will turn attention to the 0.7600 level and then the 0.7650 level where a violation will set the stage for a retarget of the 0.7700 level. On the whole, AUDUSD remains biased to the upside on correction. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 25, 2017 Share Posted May 25, 2017 GOLD: Consolidates With Upside Bias GOLD: The commodity closed higher the past week leaving risk higher. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,230.00 level. Below here if seen could trigger further downside pressure targeting the 1,220.00 level. Conversely, resistance resides at the 1,260.00 level where a break will aim at the 1,270.00 level. A turn above there will expose the 1,280.00 level. Further out, resistance stands at the 1,290.00 level. All in all, GOLD looks to strengthen further. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 26, 2017 Share Posted May 26, 2017 USDJPY: Sells Off On Bear Pressure USDJPY: The pair remains vulnerable to the downside on correction as it sold off during Friday trading today. On the downside, support comes in 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 looks vulnerable on more weakness. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 28, 2017 Share Posted May 28, 2017 EURUSD: Closes Lower On Rejection Candle EURUSD: With the pair failing to hold on to its past week gains to close on a rejection candle the past week, it now faces pullback threats. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. Conversely, support lies at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will aim at the 1.1050 level. All in all, EURUSD faces further bear pressure. Link to comment Share on other sites More sharing options...
Guest FXTechstrategy Posted May 31, 2017 Share Posted May 31, 2017 EURUSD: Rallies, Eyes Further Upside EURUSD: With the pair rejecting lower prices to close higher on Tuesday, further bullishness is likely in the days ahead. Resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. Conversely, support lies at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will aim at the 1.1050 level. All in all, EURUSD faces further recovery pressure. Link to comment Share on other sites More sharing options...
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