official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

GBPUSD Turns Lower On More Bearishness

GBPUSD turns lower on more bearishness following its recent weakness. Support lies at 1.2600 as it looks for more weakness. Below that level will turn attention to the 1.2550 level. Further down, support comes in at the 1.2500 level where a break will turn focus to the 1.2450 level. Further down, support lies at 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 turns lower on more bearishness following its recent decline.

[Guest FXTechstrategy]

USDCHF Recovery Threats Expected In The New Week

 

USDCHF recovery threats expected in the new week following its past week gain. Resistance resides at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100  level. Further out, resistance comes in at the 1.0150 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure.  On the downside, support is seen at the 0.9950 level with a turn below here opening the door 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 targets further recovery on correction.

 

 

 

[Guest FXTechstrategy]

EURUSD Expects More Weakness On Bear Pressure

 

EURUSD expects more weakness on bear pressure as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. 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 expects more weakness on bear pressure as we enter a new week.

 

 

 

[Guest FXTechstrategy]

GBPUSD Retains Downside Pressure In The Short Term

 

GBPUSD retains downside pressure in the short term following its recent weakness. Support lies at 1.2550 as it looks for more weakness. Below that level will turn attention to the 1.2500 level. Further down, support comes in at the 1.2450 level where a break will turn focus to the 1.2400 level. Further down, support lies at the 1.2350 level. On the upside, resistance stands at the 1.2650 with a turn above here allowing for additional strength to build up towards the 1.2700 level. Further out, resistance stands at the 1.2700 level followed by the 1.2750 level. On the whole, GBPUSD retains downside pressure in the short term.

 

 

 

[Guest FXTechstrategy]

CRUDE OIL Recovers Further Higher On Correction

 

CRUDE OIL recovers further higher on correction. Support lies at the 53.00 level where a break will expose the 52.30 level. A cut through here will set the stage for a run at the 52.00 level. Further down, support comes in at the 51.50 level. On the upside, resistance resides at the 53.50 levels. Further out, resistance comes in at the 54.00 level. A break above here will aim at the 54.50 level and then the 55.00 level followed by the 55.50 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, CRUDE OIL recovers further higher on correction.

 

 

 

[Guest FXTechstrategy]

GBPJPY Triggers Corrective Recovery Nearer Term

 

GBPJPY triggers corrective recovery nearer term as we expect more gain in the days ahead. On the downside, support comes in at the 136.00 level where a violation will aim at the 135.50 level. A break below here will target the 135.00 level followed by the 134.50 level. Conversely, resistance is seen at the 137.00 level followed by the 137.50 level. A cut through that level will set the stage for a move further higher towards the 138.00 level. Further out, resistance resides at the 138.50 level. All in all, GBPJPY remains biased to the upside nearer term.

 

 

 

[Guest FXTechstrategy]

EURUSD Remains Bullish With Eyes On 1.1347 Resistance

 

EURUSD remains bullish with eyes on 1.1347 resistance in the days ahead. 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 1.1347 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. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD expects more recovery to occur in the days ahead.

 

 

 

 

[Guest FXTechstrategy]

USDCHF Tumbles Lower On Bearishness

 

USDCHF tumbles lower on bearishness with more weakness expected in the new week. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900  level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9700 level with a turn below here opening the door for more decline towards the 0.9650 level. And then the 0.9600 level. Further down, support resides at the 0.9550 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further weakness in the days ahead.

 

 

 

 

[Guest FXTechstrategy]

EURUSD Eyes Further Upside Pressure On Bull Pressure.

 

EURUSD eyes further upside pressure on bull pressure as we enter a new week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD expects more recovery in the new week.

 

 

 

[Guest FXTechstrategy]

AUDUSD Remains On The Offensive On Correction

 

 

AUDUSD remains on the offensive on correction with more gain expected. On the upside, resistance lies at the 1.7050 level. A cut through here will turn attention to the 0.7100 level and then the 0.7150 level where a violation will set the stage for a retarget of the 0.7200 level. Support resides at the 0.6950 level where a breach will aim at the 0.6900 level. Below here will set the stage for a run at the 0.6850 level with a cut through here targeting further downside pressure towards the 0.6800 level. On the whole, AUDUSD faces further upside threats.

 

 

 

 

[Guest FXTechstrategy]

USDCHF Turns Off Higher Level Prices

 

USDCHF turns off higher level prices leaving risks of more weakness on the cards. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900  level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9700 level with a turn below here opening the door for more decline towards the 0.9650 level. And then the 0.9600 level. Further down, support resides at the 0.9550 level. Its daily RSI is bearish and pointing lower suggesting further weakness.  All in all, USDCHF remains weak and vulnerable on price rejection.

 

 

 

 

[broforex51]

 

EURUSD today as we see here, market still sideway but the big trend is bullish, you can open buy position if the market touch support area at 1.13545 with potential target up to .13884

[Guest FXTechstrategy]

EURUSD Looks To Weaken Further Lower Towards 1.1282

 

EURUSD looks to weaken further lower towards 1.1282. Support comes in at the 1.1350 where a violation will turn risk to the 1.1300 level. A break below here will target the 1.1250 level. Further down, support sits at the 1.1200. Conversely, on the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD expects more weakness on correction.

 

 

 

 

[Guest FXTechstrategy]

EURJPY Declines With Eyes On  121.76 Support Zone

 

EURJPY declines with eyes on 121.76 support zone as it holds on its bear pressure. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level. On the upside, resistance resides at the 122.50 level. Further out, we envisage a possible move towards the 123.00 level. Further out, resistance resides at the 123.50 level with a turn above here aiming at the 124.00 level. On the whole, EURJPY retains its broader downside pressure

 

 

 

 

[Guest FXTechstrategy]

GOLD Trades Below Key Resistance Zones

 

GOLD trades below key resistance zones as it looks to follow through lower on the back of its price rejection. On the downside, support comes in at the 1,408.00 level where a break will turn attention to the 1,400.00 level. Further down, a cut through here will open the door for a move lower towards the 1,390.00 level. Below here if seen could trigger further downside pressure targeting the 1,380.00 level. Its daily RSI is bearish and pointing lower suggesting more weakness. Conversely, resistance resides at the 1,420.00 level. Further out, resistance resides at the 1,430.00 level where a break will aim at the 1,440.00 level. A turn above there will expose the 1,450.00 level. Further out, resistance stands at the 1,460.00 level. All in all, GOLD looks to weaken further on corrective pullbacks

 

 

 

 

[Guest FXTechstrategy]

EURUSD Weakness Targets 1.1181/15 Zone

 

 

EURUSD weakness targets 1.1181/15 zone as it expects further 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 weekly RSI is bearish and pointing lower 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 expects more weakness in the days ahead.   

 

 

 

 

[Guest FXTechstrategy]

GBPUSD Declines Envisaged Towards 1.2522 Level

 

GBPUSD decline envisaged towards 1.2522 level as we expect more weakness to occur in the days ahead. Support comes in at 1.2500 with a turn below that level shifting focus to the 1.2450 level. Further down, support resides at the 1.2400 level where a break will turn attention to the 1.2350 level. Further down, support lies at the 1.2300 level. On the upside, resistance stands at the 1.2550 with a turn above here allowing for additional strength to build up towards the 1.2600 level. Further out, resistance stands at the 1.2650 level followed by the 1.2700 level. On the whole, GBPUSD retains its downside pressure short term.

 

 

 

 

[Guest FXTechstrategy]

USDJPY Targets The 109.10 Resistance Area

 

USDJPY targets the 109.10 resistance area as it look for price extension. On the upside, resistance comes in at 109.50 level. Above this level will turn attention to the 110.00 level. Further out, we expect a possible move towards the 110.50 level. A cut through here will open the door for more gain towards the 111.00. On the downside, support comes in at the 108.50 level where a break will target the 108.00 level. Below that level will turn focus to the 107.50 level and then lower towards the 107.00 level. On the whole, USDJPY faces further upside threats in the days ahead.

 

 

 

[Guest FXTechstrategy]

EURUSD Price Strength Builds Up On 1.1311 Region 

 

EURUSD price strength builds up on 1.1311 region as it closed higher on reversal on Wednesday. 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. Conversely, on the upside, resistance comes in 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 looks for more recovery to occur in the days ahead. 

 

 

 

[Guest FXTechstrategy]

USDCHF Bear Pressure Set To Extend Lower

 

USDCHF bear pressure set to extend lower in the new week. Resistance resides at the 0.9900 level. Above here, resistance lies at the 0.9950 level and then the 1.0000  level. Further out, resistance comes in at the 1.0050 level. On the downside, support is seen at the 0.9800 level with a turn below here opening the door for more decline towards the 0.9750 level. And then the 0.9700 level. Further down, support resides at the 0.9650 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further weakness.