official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

GBPUSD Looks To Follow Through Higher On Correction.

GBPUSD looks to follow through higher on correction. Support stands at 1.3150 level. Further down, support comes in at the 1.3100 level where a break will turn focus to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. On the upside, resistance stands at the 1.3250 with a turn above here allowing for additional strength to build up towards the 1.3300 level. Further out, resistance stands at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD faces further upside pressure on more recovery threats.

 

[Guest FXTechstrategy]

EURUSD Sets Up To Resume Downside Pressure

EURUSD sets up to resume downside pressure following reversal of its Monday losses during Tuesday trading session. Support comes in at the 1.1250 where a violation will turn risk to  the 1.1200 level. A break below here will target the 1.1150 level. Further down, support sits at the 1.1100. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1.1400 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 threaten further downside pressure on price weakness.
 

[Mohaimenul]

Potential short trade setup in USDJPY pair. Visit https://priceactionguide.com/usdjpy-testing-61-8-retracement-level-potential-short-trade-setup to learn more about the trade entry. Contact us to learn Forex trading.

[Guest FXTechstrategy]

EURJPY Looks To Resume Downside Pressure

EURJPY looks to resume downside pressure despite its present price hesitation threats. 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 123.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. 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 price weakness nearer term.

 

[Guest FXTechstrategy]

GBPUSD Retains Downside Pressure Short Term

GBPUSD retains downside pressure in the short term as it closed lower on Friday. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. On the upside, resistance stands at the 1.3050 with a turn above here allowing for additional strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD faces further downside pressure on more weakness threats.
 

[broforex51]

 

NZDUSD today, market is still on sideways area, so it is good if you sell it now or you can wait for the price until it reach 0.68215 with potential target up to 0.67748

[Guest FXTechstrategy]

EURUSD Bear Pressure Remains Intact, Looks To Weaken Further

EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to  the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD bear pressure remains intact as it threatens further downside

 

[Guest FXTechstrategy]

USDJPY Targets Further Recovery Threat On Bull Pressure

USDJPY targets further recovery threats as it builds on bull pressure with eyes on the 111.89 resistance zone. On the upside, resistance comes in at 112.50 level. Above this level will turn attention to the 113.00 level. Further out, we expect a possible move towards the 113.50 level. A cut through here will open the door for more gain towards the 114.00. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support comes in at the 111.00 level where a break will target the 110.50 level. Below that level will turn focus to the 110.00 level and then lower towards the 109.50 level. On the whole, USDJPY faces further upside pressure on more recovery.

[Guest FXTechstrategy]

EURJPY Recovery Eyes 125.68 Resistance

EURJPY recovery eyes 125.68 resistance level in the days ahead. Support comes in at the 125.00 level where a break if seen will aim at the 124.50 level. A cut through here will turn focus to the 124.00 level and possibly lower towards the 123.50 level. On the upside, resistance resides at the 125.68 level. Further out, we envisage a possible move towards the 126.00 level. Further out, resistance resides at the 126.50 level with a turn above here aiming at the 127.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, EURJPY recovery eyes 125.68 resistance level.

[Guest FXTechstrategy]

USDCAD Faces Upside Risk On Price Rejection

USDCAD faces upside risk following its price rejection on Wednesday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.3400 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 further upside. All in all, USDCAD faces upside risk as it looks to strengthen further higher.
 

[Guest FXTechstrategy]

EURUSD Faces Further Bearishness Towards Key Support

EURUSD faces further bearishness towards its key support. Support comes in at the 1.1200 where a violation will turn risk to  the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its weekly RSI is bearish and pointing lower suggesting more weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD faces further bearishness on price decline

 

[Guest FXTechstrategy]

GOLD Eyes 1,310.00 Resistance Zone On Bull Pressure

GOLD eyes 1,310.00 resistance zone on further strength. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. Conversely, resistance resides at the 1,310.00 level. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to move further higher on bull pressure.

[Guest FXTechstrategy]

USDJPY Sees Rally With Eyes On 111.82 Zone

USDJPY sees rally with eyes on 111.82 zone in the days ahead. On the upside, resistance comes in at 112.00 level. Above this level will turn attention to the 112.50 level. Further out, we expect a possible move towards the 113.00 level. A cut through here will open the door for more gain towards the 113.50. On the downside, support comes in at the 111.00 level where a break will target the 110.50 level. Below that level will turn focus to the 110.00 level and then lower towards the 109.50 level. On the whole, USDJPY sees rally with eyes on 111.82 zone in the days ahead.
 

[Guest FXTechstrategy]

USDCHF Continues To Eye Further Upside Pressure

USDCHF continues to eye further upside pressure following it higher close the past week. Resistance stands at the 1.0050 level. A break of there will clear the way for a run at the 1.0100 level. Above here, resistance lies at the 1.0050 level and then the 1.0150 level. Its weekly RSI is pointing higher suggesting more strength. On the downside, support is seen at the 0.9950 level. A turn below here will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. Further down, support resides at the 0.9800 level. All in all, USDCHF continues to eye further upside pressure on corrective recovery. 

 

[Guest FXTechstrategy]

EURUSD Sets Up To Extend Recovery Threats

EURUSD sets up to extend recovery threats as the pair still retains its upside pressure. Support comes in at the 1.1250 where a violation will turn risk to  the 1.1200 level. A break below here will target the 1.1150 level. Further down, support sits at the 1.1100. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD sets up to extend recovery threats on upside pressure.

[Guest FXTechstrategy]

GOLD Looks To Extend Its Bear Pressure

GOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. 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. Further out, 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 daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.

[Guest FXTechstrategy]

USDCHF Moves Towards Its Key Resistance 

USDCHF moves towards its key resistance residing at 1.0127 area. Resistance stands at the 1.0127 level. A break of there will clear the way for a run at the 1.0150 level. Above here, resistance lies at the 1.0200 level and then the 1.0250 level. On the downside, support is seen at the 1.0000 level. A turn below here will set the stage for more decline towards the 0.9950 level. And then the 0.9900 level. Further down, support resides at the 0.9850 level. All in all, USDCHF continues to eye further upside pressure on further bull pressure. 
 

[Guest FXTechstrategy]

EURUSD Tumbles On Price Sell Off

EURUSD tumbles on prices sell off as it look to extend more weakness. Support comes in at the 1.1200 where a violation will turn risk to  the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1300 level with a break through there opening the door for further upside towards the 1.1.1350 level. Further up, resistance comes in at the 1.1400 level where a violation will expose the 1.1450 level. All in all, EURUSD continues to threaten further downside pressure on price sell off.

[Guest FXTechstrategy]

USDCHF Faces Risk Of Price Extension On Bullishness

USDCHF faces risk of price extension on bullishness following its past week strength. Resistance stands at the 1.0150 level. A break of there will clear the way for a run at the 1.0200 level. Above here, resistance lies at the 1.0250 level and then the 1.0300 level. On the downside, support is seen at the 1.0100 level. A turn below here will set the stage for more decline towards the 1.0050 level. And then the 1.0000 level. Further down, support resides at the 0.9950 level. All in all, USDCHF continues to eye further upside pressure on bull pressure. 

[Guest FXTechstrategy]

USDCHF Turns Off Higher Prices On Price Failure

USDCHF turns off higher prices on price failure on Friday leaving risk of a pullback on the cards. Resistance resides at the 1.0250 level. Above here, resistance lies at the 1.0300 level and then the 1.0350 level. Further out, resistance comes in at the 1.0400 level. On the downside, support is seen at the 1.0150 level. A turn below here will set the stage for more decline towards the 1.0100 level. And then the 1.0050 level. Further down, support resides at the 1.0000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF continues to eye further downside pressure as it rejected higher prices on Friday