official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

GBPJPY Weakens, Remains On The Defensive

GBPJPY looks to weaken further in the days ahead as it holds on to its downside pressure. On the upside, resistance comes in at the 138.00 level where a violation will aim at the 138.50 level. A break below here will target the 139.00 level followed by the 139.50 level. Conversely, support is seen at the 137.50 level followed by the 137.00 level. A cut through this level will set the stage for a move further lower towards the 136.50 level. Further down, support resides at the 136.00 level. All in all, GBPJPY remains biased to the downside in the short term.

[Guest FXTechstrategy]

GBPUSD Looks To Weaken Further Lower On Sell Off

GBPUSD with the pair rejecting higher prices on Friday and following through lower on Monday, more decline is likely in the days ahead. Support is seen at 1.3300 area with a break turning focus to the 1.3250 level. Further down, support lies at the 1.3200 level. A cut through here will turn focus to the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 1.3350 with a break above that level allowing for more gain towards the 1.3400 level. Further out, resistance stands at the 1.3450 level followed by the 1.3500 level. On the whole, GBPUSD faces further downside threat nearer term.

[Guest FXTechstrategy]

EURUSD Backs Off Higher Prices, Vulnerable

 

EURUSD faces risk of further weakness with more decline expected in the new week. On the down, support comes in at 1.2050 level with a violation opening the door for a run at the 1.2000 level. Further down, support is seen at the 1.1950 level. A cut through that level will clear the way for a move towards the 1.1900 level. Its daily RSI is bearish and pointing lower suggesting further weakness.  On the upside, resistance comes in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more downside pressure on price rejection.

 

[Guest FXTechstrategy]

GBPUSD Continues To Face Recovery Risk

GBPUSD with the pair rejecting lower prices to close higher the past week, more strength is expected in the new week. Support is seen at 1.3500 area with a break turning focus to the 1.3450 level. Further down, support lies at the 1.3400 level. A cut through here will turn focus to the 1.3350 level and then the 1.3300 level. On the upside, resistance is seen at the 1.3600 with a break above that level allowing for more gain towards the 1.3650 level. Further out, resistance stands at the 1.3700 level followed by the 1.3750 level. Its daily RSI is bullish and pointing higher suggesting more gain. On the whole, GBPUSD faces further upside threat medium term

[broforex51]

 

AUDCAD today as we see here, the price slow but sure made bullish trend, so the best choice for you is to buy it, you can buy it when the price breaks resistance area at 0.97579 with potential target up to 50 pips above

[cliftonmor]

I learnt from it 

[Guest FXTechstrategy]

EURUSD Price Rejection Leaves Risk Lower

EURUSD faces risk of further downside pressure after rejecting higher prices on Friday. On the down, support comes in at 1.2150 level with a violation opening the door for a run at the 1.2100 level. Further down, support is seen at the 1.2050 level. A cut through that level will clear the way for a move towards the 1.2000 level. On the upside, resistance comes in at the 1.2250 with a break of that area turning risk towards the 1.2300 level. A move above here will target the 1.2350 level. Further up, resistance stands at the 1.2400. All in all, EURUSD looks for more downside pressure in the new week.
 

 

[Guest FXTechstrategy]

USDCHF Recovery Threats Remain Intact

 

USDCHF continues to eye further upside pressure closing higher on Friday and opening the door for more gain in the new week. Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level. On the upside, resistance is seen at the 0.8900 level with a turn above there opening the door for a move towards the 0.8950 level. And then the 0.9000 level. Further up, resistance comes in at the 0.9050 level. Its daily RSI bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on further recovery.

 

[Guest FXTechstrategy]

EURJPY Set To Weaken Further On Sell Off

 

EURJPY continues to face risk of more weakness followings its past week sell off. On the downside, 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. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 126.00 level. Further out, we envisage a possible move towards the 126.50 level. Further out, resistance resides at the 127.00 level with a turn above here aiming at the 127.50 level. On the whole, EURJPY continues to face risk of further move lower.

 

[Guest FXTechstrategy]

EURUSD Halts Weakness, Further Recovery Expected

EURUSD faces risk of further upside pressure after backing off lower prices on Tuesday. On the down, support comes in at 1.2100 level with a violation opening the door for a run at the 1.2050 level. Further down, support is seen at the 1.2000 level. A cut through that level will clear the way for a move towards the 1.1950 level. On the upside, resistance stands in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more upside pressure in the days ahead.

[Guest FXTechstrategy]

EURUSD Eyes Further Bull Pressure Pressure

EURUSD faces risk of further upside pressure as it halted its bear pressure on Friday opening the door for more gain. On the down, support comes in at 1.2000 level with a violation opening the door for a run at the 1.1950 level. Further down, support is seen at the 1.1900 level. A cut through that level will clear the way for a move towards the 1.1850 level. On the upside, resistance stands in at the 1.2100 with a break of that area turning risk towards the 1.2150 level. A move above here will target the 1.2200 level. Further up, resistance stands at the 1.2250. All in all, EURUSD looks for more upside pressure in the new week.