official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

GBPUSD: Rallies On Bull Pressure

GBPUSD: The pair continues to retain its upside pressure rallying on Monday. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBPUSD looks to follow through higher on its rally strength.

[Guest FXTechstrategy]

EURGBP: Hesitates, Backs Off Lower Prices

EURGBP- The pair backed off lower prices during Thursday trading session. This has opened the door for more recovery higher. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Conversely, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside but with caution of a recovery.
 

[Guest FXTechstrategy]

GBPUSD: Remains Vulnerable Below Key Resistance

GBPUSD: The pair turned lower on Thursday after failing to hold on to its intra day gain. It faces the risk of more weakness. Support lies at the 1.4050 level where a break will turn attention to the 1.4000 level. Further down, support lies at the 1.3950 level. Below here will set the stage for more weakness towards the 1.3900 level. Conversely, resistance stands at the 1.4150 levels with a turn above here allowing more strength to build up towards the 1.4200 level. Further out, resistance resides at the 1.4250 level followed by the 1.4300 level. On the whole, GBPUSD looks to follow through lower.

[Guest FXTechstrategy]

EURUSD: Faces Further Weakness

EURUSD: The pair looks to follow through higher on the back of past week gain. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further recovery threats.

 

[Guest FXTechstrategy]

EURUSD: Follows Through Lower On Corrective Pullback

EURUSD: The pair saw a follow through lower on the back of its Tuesday correction on Wednesday. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further downside threats.

[Guest FXTechstrategy]

CRUDE OIL: Recovers, Rejects Lower Prices

CRUDE OIL: The commodity turned higher off its intra day low on Thursday leaving risk of more strength on the cards. On the downside, support resides at the 64.50 level where a break will expose the 64.00 level. A cut through here will set the stage for a run at the 63.50 level. Further down, support resides at the 63.00 level. On the upside, resistance resides at the 65.50 level. Further out, resistance comes in at the 66.00 level. A break above here will aim at the 66.50 level and then the 67.00 level followed by the 67.50 level. All in all, CRUDE OIL remains biased to the downside on pullback but with caution.

[Guest FXTechstrategy]

 

EURUSD: Continues To Retain Downside Pressure

EURUSD: The pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further downside threats.
 

[Guest andengireng]

 

 

GBPUSD today, we see here that GBPUSD want to continuous it's rally, so you can start sell now at 1.40524 with potential TP at support area 1.40161

[Guest FXTechstrategy]

USDCHF: Risk Remains Higher But With Caution

USDCHF: With the pair closing further higher the past week, more strength is envisaged. On the downside, support lies at the 0.9550 level. A turn below here will open the door for more weakness towards the 0.9500 level and then the 0.9450 level. On the upside, resistance resides at the 0.9650 level where a break will clear the way for more strength to occur towards the 0.9700 level. Further out, resistance comes in at the 0.9750 level. Above here if seen will turn attention to 0.9800. All in all, USDCHF faces further upside pressure but with caution.
 

[Guest FXTechstrategy]

EURUSD: Continues To Face Downside Pressure

EURUSD: The pair faces recovery higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. All in all, EURUSD faces further downside threats.

[Guest FXTechstrategy]

GBPUSD: Faces Further Corrective Recovery Higher

GBPUSD: The pair saw a follow through higher on the back of its Friday gain during Monday trading session today. Support lies at the 1.4100 level where a break will turn attention to the 1.4050 level. Further down, support lies at the 1.4000 level. Below here will set the stage for more weakness towards the 1.3950 level. Conversely, resistance stands at the 1.4200 levels with a turn above here allowing more strength to build up towards the 1.4250 level. Further out, resistance resides at the 1.4300 level followed by the 1.4350 level. On the whole, GBPUSD remains biased to upside on more strength.

[Guest FXTechstrategy]

GOLD: Remains Bullish, Remains On The Offensive

GOLD: The commodity continues to face recovery risk as it rallied strongly on  Wednesday. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level. Below here if seen could trigger further downside pressure targeting the 1,290.00 level. Conversely, resistance resides at the 1,340.00 level where a break will aim at the 1,350.00 level. A turn above there will expose the 1,360.00 level. Further out, resistance stands at the 1,370.00 level. All in all, GOLD looks to strengthen further higher.

 

[Guest FXTechstrategy]

GOLD:Eyes Further Bull Pressure

GOLD: The commodity  reversed its Wednesday gain on Thursday. 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 strengthen further higher but with caution.
 

[Guest FXTechstrategy]

NZDUSD: Declines Further On Corrective Pullback

NZDUSD: The pair looks to build on its Friday correction in the new week as it saw price weakness during early Monday trading session today. Support lies at the 0.7300 level. Further  down, the 0.7250 level comes in as the next  downside target. Conversely, resistance resides at the 0.7400 level where a break will aim at the  0.7450 level. A break of here will have to occur to  create scope for a run at the 0.7500  level. Further  out, resistance stands at the 0.7550 level. All in all,  NZDUSD faces further downside pressure

[Guest FXTechstrategy]

EURUSD: Remains Vulnerable But With Caution

EURUSD: The pair closed lower the past week with more decline envisaged. However, a move higher on correction is envisaged. On the upside, 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 downside threats.
 

 

[Guest FXTechstrategy]

EURUSD: Weakens Further, Eyes The 1.1750 Zone

EURUSD: The pair faces further bear pressure as it continues to hold on to its bear pressure. On the upside, resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside pressure.

 

[Guest FXTechstrategy]

USDJPY: Bullish, Remains Biased To The Upside

USDJPY: The pair faces further upside threats as it closed higher on Thursday. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the 111.00 level. Further out, we envisage a possible move towards the 111.50 level. Further out, resistance resides at the 112.00 level with a turn above here aiming at the 112.50 level. On the whole, USDJPY faces further upside pressure.

[Guest FXTechstrategy]

EURUSD: Weakens Further, Eyes The 1.1700 Zone

EURUSD: The pair faces further bear pressure as it continues to hold on to its bear pressure after closing lower on Friday. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside pressure.
 

[Guest FXTechstrategy]

USDCHF: Remains Vulnerable To The Downside On Corrective Pullback

USDCHF: The pair looks to weaken further in the new week on corrective pullback threats. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. 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. Above here if seen will turn attention to 1.0200. All in all, USDCHF faces further corrective downside pressure

[Guest FXTechstrategy]

EURUSD: Weakens, Sees Price Extension

EURUSD: The pair remains weak and vulnerable to the downside as it closed lower the past week. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further downside pressure