official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

EURUSD Bullish, Resumes Its Medium Term Uptrend

EURUSD: The pair remains biased to upside after resuming its medium term uptrend the past 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. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. 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. All in all, EURUSD faces further upside pressure medium term
 

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GOLD - Risk Remains Higher On Trend Resumption

GOLD: The commodity continues to face upside pressure as it looks to resume its upside pressure presently on hold. 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 1,300.00 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 weekly RSI is bullish and pointing higher suggesting further upside pressure. All in all, GOLD looks to weaken further.
 

[Guest FXTechstrategy]

GBPUSD: Eyes Recovery Higher Towards The 1.3030 Zone

GBPUSD: The pair remains biased to the upside as it faces recovery higher threats. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Conversely, resistance stands at the 1.2950 levels with a turn above here allowing more strength to build up towards the 1.3000 level. Further out, resistance resides at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD continues to face upside risk on correction higher.
 

[Guest FXTechstrategy]

EURUSD Remains Vulnerable To The Downside On Price Rejection

EURUSD: With the pair backing off higher prices on Tuesday, weaken further on Wednesday, more decline is likely in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. 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. Its daily RSI is bearish and pointing lower supporting this view. All in all, EURUSD faces further downside pressure on corrective pullback.

[Guest FXTechstrategy]

USDCHF Rejects Lower Prices, Eyes The 0.9772 Zone

USDCHF: With the pair backing off lower prices to close higher the past week, more strength is envisaged in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further upside pressure on corrective recovery.

[Guest FXTechstrategy]

EURUSD Loses Upside Steam, Targets Further Weakness

EURUSD: With the pair rejecting higher to close lower the past week, more decline is envisaged. 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. A cut though here will open the door for more strength towards 1.1650 level. All in all, EURUSD faces further downside pressure on corrective pullback.

[Guest FXTechstrategy]

CRUDE OIL: Extends Its Upside Pressure On Recovery

CRUDE OIL: The commodity  has extended its bull pressure as it looks to build up on it further. On the downside, support resides at the 47.50 level where a break will expose the 47.00 level. A cut through here will set the stage for a run at the 46.50 level. Further down, support resides at the 46.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the upside, resistance resides at the 48.50 level. Further out, resistance comes in at the 49.00 level. A break above here will aim at the 49.50 level and then the 50.00 level followed by the 50.50 level. All in all, CRUDE OIL remains biased to the upside nearer term on corrective recovery.

 

[Guest FXTechstrategy]

EURUSD Remains Vulnerable To The Downside Below Key Resistance

EURUSD: With the pair continuing to retain its downside pressure on correction, more weakness is likely despite present price hesitation. 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. All in all, EURUSD faces further downside pressure on correction.

[Guest FXTechstrategy]

GBPUSD: Bullish On Price Extension

GBPUSD: The pair followed through higher on Friday on the back of Thursday gains. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 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 with price extension on Friday. 
 

[Guest FXTechstrategy]

EURUSD Closes Higher On Bull Pressure But With Caution

EURUSD: With the pair seen closing higher on Tuesday, more recovery is envisaged. Resistance comes in at 1.2100 level with a cut through here opening the door for more upside towards the 1.2150 level. Further up, resistance lies at the 1.2200 level where a break will expose the 1.2250 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.2000 level where a violation will aim at the 1.1950 level. A break of here will aim at the 1.1900 level. Below here will open the door for more weakness towards the 1.1850. All in all, EURUSD faces further upside towards its key resistance.

[Guest FXTechstrategy]

GOLD Faces Pullback Threats Despite Bull Pressure

GOLD: The commodity looks to weaken further following its Friday price rejection. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level. Below here if seen could trigger further downside pressure targeting the 1,310.00 level. Conversely, resistance resides at the 1,350.00 level where a break will aim at the 1,360.00 level. A turn above there will expose the 1,370.00 level. Further out, resistance stands at the 1,380.00 level. All in all, GOLD looks to weaken further.

 

[Guest FXTechstrategy]

USDJPY Triggers Corrective Recovery, Eyes 109.00 Zone

USDJPY: The pair saw a saw recovery during early trading today opening the door for correction in the days ahead. On the downside, support comes in at the 108.00 level where a break if seen will aim at the 107.50 level. A cut through here will turn focus to the 107.00 level and possibly lower towards the 106.50 level. On the upside, resistance resides at the 109.00 level. Further out, we envisage a possible move towards the 109.50 level. Further out, resistance resides at the 110.00 level with a turn above here aiming at the 110.50 level. On the whole, USDJPY now faces a recovery higher threats.

[Guest FXTechstrategy]

EURUSD Sees Bear  Pressure, Targets The 1.1867 Zone

EURUSD: With the pair seen closing lower on correction on Monday and following through on Tuesday, more decline is envisaged in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Its daily RSI is bearish and pointing lower suggesting further downside pressure. 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 downside on correction. 

[Guest andengireng]

 

 

AUD / USD September 13. 2017 is in BEARISH at and currently the price is being held below the resistance area. Based on forex technical analysis today, beware if price stuck around area 0.80737 then search for valid SELL signal which there is potential price will move down towards 0.80063 area.

[Guest FXTechstrategy]

CRUDE OIL Targets Further Upside Pressure Towards 49.39 Zone

CRUDE OIL: The commodity is building up on its Tuesday gains as it eyes it key resistance residing at 49.39 zone. 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 50.00 level followed by the 50.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside nearer term.
 

[Guest FXTechstrategy]

EURGBP: Tumbles, Continues To Retain Its Downside Pressure

EURGBP- The cross continues to hold on to its downside pressure selling off on Thursday and opening the door for more weakness. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8850 level. Resistance resides at the 0.8900 level where a violation if seen will turn risk towards the 0.8950 level. Further up, resistance resides at 0.9000 level followed by the 0.9050 level. Its daily RSI is bearish and pointing lower suggesting more weakness. All in all, EURGBP remains biased to the downside on further weakness

[Guest FXTechstrategy]

EURUSD Backs Off Lower Prices, Eyes Further Upside Pressure

EURUSD: With the pair halting its weakness to close higher on Thursday, a move further higher is envisaged. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 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 upside on corrective recovery. 

[Guest FXTechstrategy]

EURUSD: Broader Bias Remains Higher But With Caution

EURUSD: With the pair still holds on to its broader uptrend despite lower close the past week. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 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 upside pressure though with caution. 

 

[Guest FXTechstrategy]

GOLD Targets Further Weakness Towards Psycho Support at 1,300.00 Zone

GOLD: The commodity closed lower the past week to open the door for more weakness. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level. Below here if seen could trigger further downside pressure targeting the 1,280.00 level. Conversely, resistance resides at the 1,330.00 level where a break will aim at the 1,340.00 level. A turn above there will expose the 1,350.00 level. Further out, resistance stands at the 1,360.00 level. All in all, GOLD looks to weaken further.

[Guest FXTechstrategy]

EURJPY Resumes Broader Uptrend, Remains On THe Offensive

EURJPY: The pair remains offensive following its trend resumption the past week. 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 132.00 level. Further out, we  envisage a possible move towards the 133.50  level. Further out, resistance resides at the 134.00 level with a turn above here aiming at the 134.50 level. On the whole, EURJPY faces further bull pressure in the days ahead.