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Guest FXTechstrategy
USDCHF Sees Price Back Off On Rally
 
USDCHF faces further recovery threats as it looks to extend bull pressure. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. Its daily RSI is bullish and pointing higher suggesting are strength. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline towards the 0.9600 level. And then the 0.9550 level. Further down, support comes in at the 0.9500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside on further price strength.
 
 
EURGBP%202021ggg.png
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  • 3 weeks later...
Guest FXTechstrategy
EURUSD Eyes More Weakness Towards The 11.1000 Zone
 
EURUSD looks to decline after selling off on Friday. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EURUSD looks for more recovery threats to occur.
 
EURUSD%202043ggg.png
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Guest FXTechstrategy
USDCHF Sells  Off With Eyes On 0.9612 Zone
 
USDCHF faces risk of further move lower following its price sell off the past week. Resistance comes in at the 0.9650 level. Above here, resistance lies at the 0.9700 level and then the 0.9750 level. Further out, resistance stands at the 0.9800 level. On the downside, support is located at the 0.9600 level with a turn below here opening the door for more decline towards the 0.9550 level. And then the 0.9500 level. Further down, support comes in at the 0.9450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on price weakness.
 
 
USDCHF%20NEW%202016ggg.png
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Guest FXTechstrategy
EURUSD Sees Price Rally, Eyes The 1.1117/50 Zone
 
EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD looks for more strength to occur in the new week.
 
EURUSD%202061.png
 
 

 

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Guest FXTechstrategy
USDCHF Looks To Extend Upside Pressure, Eyes The 0.9766 Area
 
USDCHF faces risk of further move higher as it extended its upside pressure with eyes on 0.9766 area. Resistance lies at the 0.9800 level with a turn above here targeting the 0.9850 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the downside, support is located at the 0.9700 level with a break below here opening the door for more decline towards the 0.9650 level. Further down, support resides at the 0.9550 level followed by the 0.9500 level. A cut through here will open the door for more weakness towards the 0.9450 level. All in all, USDCHF remains biased to the upside on price weakness.
 
USDCHF%20NEW%202017uuu.png
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  • 2 weeks later...
Guest FXTechstrategy
AUDUSD looks to extend further lower on its bearishness as it retains its long term weakness. On the downside, support comes in at the 1.6661 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level. A violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6700 level where a breach will aim at the 0.6750 level. Below here will open the door for a run at the 0.6800 level and then the 0.6850 level. On the whole, AUDUSD faces further downside threats short term.
 
 
AUDUSD%202019kkk.png
 
 

 

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GBPUSD Sees Price Extension On More Decline
 
GBPUSD looks to extend downside pressure as it closed lower on Thursday. Support stands at 1.2850 area with a break below that level turning focus to the 1.2800 level. Further down, support lies at the 1.2750 level where a violation will turn focus to the 1.2700 level. Below here will open the door towards the 1.2650 level. On the upside, resistance is located at the 1.2900 with a break above there allowing for morel strength to build up towards the 1.2950 level. Further out, resistance stands at the 1.3000 level followed by the 1.3050 level. On the whole, GBPUSD faces further downside threats In the days ahead.
 
GBPUSD%202019nnn.png
 
 

 

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Guest FXTechstrategy
EURGBP Focus Shifts To Recovery Higher
 
EURGBP looks to recover further higher on correction. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level. A break below here will aim at the 0.8300 level. Further down, support comes in at 0.8250 level. Conversely, resistance lies at the 0.8450 level. A violation if seen will turn risk towards the 0.8500 level. Further up, resistance comes in at 0.8550 level followed by the 0.8600 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, EURGBP remains biased to the upside on further short term correction.
 
EURGBP%202017hhh.png
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Guest FXTechstrategy
GBPJPY Faces Risk Of Further Weakness
 
GBPJPY looks to weaken further following a strong sell off on Friday. On the downside, support comes in at the 137.50 level where a violation will aim at the 137.00 level. A break below here will target the 136.50 level followed by the 136.00 level. Its daily RSI  bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 138.50 level followed by the 139.00 level. A cut through that level will set the stage for a move further higher towards the 139.50 level. Further out, resistance resides at the 140.00 level. All in all, GBPJPY remains biased to the downside nearer term.
 
GBPJPY%202017.png
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USDCHF Vulnerable On Further Sell Off
 
USDCHF faces risk of further move lower as it sold off the past week. Resistance comes in at the 0.9400 level. Above here, resistance lies at the 0.9650 level and then the 0.9650 level. Further out, resistance stands at the 0.9700 level. On the downside, support is located at the 0.9300 level with a turn below here opening the door for more decline towards the 0.9250 level. And then the 0.9200 level. Further down, support comes in at the 0.9150 level. Its weakly RSI is bearish and pointing lower suggesting more decline. All in all, USDCHF remains biased to the downside on further price weakness
 
 
USDCHF%20NEW%202017.png
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Guest FXTechstrategy
EURUSD Maintains Third Day Of Losses
 
EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1150 level. Further down, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.10500 level. All in all, EURUSD looks for more bearish pressure in the days ahead.
 
 
 
EURUSD%202061.png
 
 

 

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  • 2 weeks later...
Guest FXTechstrategy
GBPUSD looks to weaken further as it looks to extend its broader downtrend. Support stands at 1.1450 area with a break below that level turning focus to the 1.1400 level. Further down, support lies at the 1.1350 level where a violation will turn focus to the 1.1300 level. Below here will open the door towards the 1.1250 level. On the upside, resistance is located at the 1.1550 with a turn above there allowing for morel strength towards the 1.1600 level. Further out, resistance stands at the 1.1650 level followed by the 1.1700 level. On the whole, GBPUSD faces further downside threats in the new week.
 
 
GBPUSD%202019.png
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GBPUSD Retains Its Broader Weakness
 
GBPUSD looks to weaken further as it looks to extend its broader downtrend. Support stands at 1.1450 area with a break below that level turning focus to the 1.1400 level. Further down, support lies at the 1.1350 level where a violation will turn focus to the 1.1300 level. Below here will open the door towards the 1.1250 level. On the upside, resistance is located at the 1.1550 with a turn above there allowing for morel strength towards the 1.1600 level. Further out, resistance stands at the 1.1650 level followed by the 1.1700 level. On the whole, GBPUSD faces further downside threats in the new week.
 
 
GBPUSD%202019.png
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Guest FXTechstrategy
USDCHF Vulnerable, Looks To Weaken Further
 
USDCHF faces risk of further bear pressure in the new week. Resistance comes in at the 0.9550 level. Above here, resistance lies at the 0.9600 level and then the 0.9650 level. Further out, resistance stands at the 0.9650 level. On the downside, support is located at the 0.9450 level with a turn below here opening the door for more decline towards the 0.9400 level. And then the 0.9350 level. Further down, support comes in at the 0.9300 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further pullbacks.
 
 
USDCHF%20NEW%202017cc.png
 
 

 

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USDCHF Vulnerable, Looks To Weaken Further
 
 
USDCHF faces risk of further bear pressure in the new week. Resistance comes in at the 0.9550 level. Above here, resistance lies at the 0.9600 level and then the 0.9650 level. Further out, resistance stands at the 0.9650 level. On the downside, support is located at the 0.9450 level with a turn below here opening the door for more decline towards the 0.9400 level. And then the 0.9350 level. Further down, support comes in at the 0.9300 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further pullbacks.
 
 
GBPUSD%202019vvv.png
 
 

 

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Guest FXTechstrategy
EURJPY Remains On Recovery Pressure
  
EURJPY continues to face recovery threats as it closed higher on Monday and followed through higher on Tuesday. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn focus to the 117.00 level and possibly lower towards the 116.50 level. On the upside, resistance resides at the 119.00 level. Further out, we envisage a possible move towards the 119.50 level. Further out, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. On the whole, EURJPY continues to retain its recovery pressure nearer term.
 
 
EURJPY%202019ccc.png
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  • 2 weeks later...
Guest FXTechstrategy
EURJPY Vulnerable Towards The 116.11 Level
 
 
EURJPY continues to face downside pressure as it looks to weaken further towards its key support at 116.11 level. On the downside, support comes in at the 116.50 level where a break if seen will aim at the 116.00 level. A cut through here will turn focus to the 115.50 level and possibly lower towards the 115.00 level. On the upside, resistance resides at the 117.50 level. Further out, we envisage a possible move towards the 118.00 level. Further out, resistance resides at the 118.50 level with a turn above here aiming at the 119.00 level. On the whole, EURJPY continues to retain its downside pressure.e way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.
 
EURJPY%202019kkk.png
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  • 3 weeks later...
Guest FXTechstrategy
GBPUSD Looks To Weaken Further Lower
 
GBPUSD looks to correct further lower as it holds on to its downside pressure. Support stands at 1.2300 area with a break turning focus to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will turn focus to the 1.2150 level. Below here will open the door towards the 1.2100 level. On the upside, resistance is located at the 1.2400 with a break above there allowing for morel strength to build up towards the 1.2450 level. Further out, resistance stands at the 1.2500 level followed by the 1.2550 level. On the whole, GBPUSD faces further downside threats.
 
 
EURUSD%202061rrr.png
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