official Daily Technical Strategy On Currencies & Commodities

[Guest FXTechstrategy]

GOLD:  Declines Further On Bear Pressure

GOLD: The commodity closed further lower on Thursday leaving risk of more weakness on the cards. On the downside, support comes in at the 1,180.00 level where a break will turn attention to  the 1,170.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,160.00 level. Below here if seen could  trigger further downside pressure targeting the  1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the  1,210.00 level. A turn above there will expose the  1,220.00 level. Further out, resistance stands at  the 1,230.00 level. All in all, GOLD looks to weaken further.

 

[Guest FXTechstrategy]

EURUSD: Risk Remains Lower On Further Weakness

EURUSD: With the pair closing flat the past week after rejecting higher prices the past week, further weakness is likely in the new week. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further downside pressure in the new week as long as it trades and holds below the 1.0774 zone.

[Guest FXTechstrategy]

GOLD:  Bearish, Declines 0n Correction

GOLD: The commodity closed lower the past week  leaving risk of more weakness on the cards in the new week. On the downside, support comes in at the 1,180.00 level where a break will turn attention to  the 1,170.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,160.00 level. Below here if seen could  trigger further downside pressure targeting the  1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the  1,210.00 level. A turn above there will expose the  1,220.00 level. Further out, resistance stands at  the 1,230.00 level. All in all, GOLD looks to weaken further.
 

[fxfibo]

  signal gbp usd:

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[Guest FXTechstrategy]

EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

EURUSD: With the pair strengthening strongly during Tuesday trading session today, more bull pressure is envisaged. We expect to first retarget its resistance located at 1.0774 level. On the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, All in all, EURUSD faces further upside pressure short term

[Guest FXTechstrategy]

GBPUSD: Strengthens, Risk Builds Up On 1.2673/1.2700 Zone

GBPUSD: GBP was seen building up on its Tuesday bullish price action during Wednesday trading session today. This development has left the pair targeting its key upside targets seen at 1.2673/1.2700 zone. Support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support  lies at the 1.2500 level. Below here will set the stage for more weakness towards the 1.2450 level. Conversely, resistance stands at the 1.2700 levels with a turn above here allowing more strength to build up towards the 1.2750 level. Further out, resistance  resides at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD threatens further upside pressure.

[Guest FXTechstrategy]

GOLD:  Remains Bullish In The Short Term

GOLD: The commodity rallied on Thursday following its recent bullish short term uptrend. On the downside, support comes in at the 1,210.00 level where a break will turn attention to  the 1,200.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,190.00 level. Below here if seen could  trigger further downside pressure targeting the  1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the  1,240.00 level. A turn above there will expose the  1,250.00 level. Further out, resistance stands at  the 1,260.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further in the days ahead.

[Guest FXTechstrategy]

USDCHF: Risk Continues To Build On The Downside

USDCHF: The pair weakened further the past week leaving risk of more decline on the cards. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. All in all, USDCHF remains biased to the downside on further weakness.
 

[Guest FXTechstrategy]

EURUSD: Risk Remains Higher On More Strength

EURUSD: With the pair closing higher the past week, further bullishness is envisaged in the new week. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure short term

[Guest FXTechstrategy]

GOLD:  Threatens Further Bullish Offensive

GOLD: The commodity continues to hold on to its upside pressure as it looks to follow through higher in the new week. On the downside, support comes in at the 1,210.00 level where a break will turn attention to  the 1,200.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,190.00 level. Below here if seen could  trigger further downside pressure targeting the  1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the  1,240.00 level. A turn above there will expose the  1,250.00 level. Further out, resistance stands at  the 1,260.00 level. All in all, GOLD looks to strengthen further.
 

[Guest FXTechstrategy]

EURUSD: Vulnerable, Sees Bear Pressure

EURUSD: With the pair seen weakening on a follow through on the back of its Monday losses, more decline should occur on correction. On the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure on correction.
 

[Guest FXTechstrategy]

EURUSD: Vulnerable, Targets Further Weakness

EURUSD: With the pair closing lower the past week on correction, further weakness may occur in the new week. However, we think a move back up could happen.  On the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. All in all, EURUSD faces further downside pressure but with caution.

[Guest FXTechstrategy]

USDCHF: Declines, Looks To Weaken Further

USDCHF: The pair continues to look for more weakness on loss of upside pressure. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900 level. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance comes in at the 1.0200 level. All in all, USDCHF remains biased to the downside on further weakness.

[Guest FXTechstrategy]

USDJPY: Weakens, Eyes The 112.00 Zone

USDJPY: The pair weakened on Thursday leaving risk of more decline to occur in the days ahead. On the downside, support comes in at the 112.50 level where a break if seen will aim at the 112.00 level.  A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the  upside, resistance resides at the 113.00 level. Further out, we envisage a possible move towards the 113.50  level. Further out, resistance resides at the 114.00  level with a turn above here aiming at the 114.50 level. On the whole, USDJPY looks to extend its downside pressure.

[Guest FXTechstrategy]

EURUSD: Vulnerable To Downside Though With Caution

EURUSD: With the pair closing strongly lower on Friday, further weakness is envisaged. On the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Conversely, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure.

[Matthew Hart]

The single European currency has collapsed against the dollar as it was under the double pressure. Less strong impact on the euro was provoked by the news that the regulator is ready for the "unconventional measures" if it appears that the annual inflation rate in the euro area will remain at a low level more than it was expected. The second pressure source had a much stronger impact – the information about the strong jobs growth in the U.S. labor market has caused the European currency sharp falling.The sellers managed to break below the rising trend line.For know better keep touch with TryMarkets.

 

 

[Guest FXTechstrategy]

GOLD:  Risk Remains Lower On Pullback Threats

GOLD: The commodity continues to retain its upside pressure but with caution. On the downside, support comes in at the 1,220.00 level where a break will turn attention to  the 1,210.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,200.00 level. Below here if seen could  trigger further downside pressure targeting the  1,190.00 level. Conversely, resistance resides at the 1,240.00 level where a break will aim at the  1,250.00 level. A turn above there will expose the  1,260.00 level. Further out, resistance stands at  the 1,270.00 level. All in all, GOLD looks to strengthen further.
 

[Guest FXTechstrategy]

USDJPY: Recovers, Looks To Strengthen Further

USDJPY: The pair triggered a recovery higher on Monday and followed through on Tuesday leaving risk further higher. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level.  A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the  upside, resistance resides at the 114.00 level. Further out, we envisage a possible move towards the 114.50  level. Further out, resistance resides at the 115.00  level with a turn above here aiming at the 115.50 level. On the whole, USDJPY looks to extend its upside pressure.

[Guest FXTechstrategy]

EURUSD: Weakens, Extends Bear Pressure

EURUSD: With the pair continuing to weaken further on Wednesday,  more decline is likely in the days ahead. On the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0600 level. Further up, resistance lies at the 1.0650 level where a break will expose the 1.0600 level. Conversely, support lies at the 1.0450 level where a violation will aim at the 1.0400 level. A break of here will aim at the 1.0350 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure on declines

[Guest FXTechstrategy]

AUDUSD: Risk Points Higher On Trend Resumption

AUDUSD. The pair continues to retain its upside pressure as it looks to resume its medium term uptrend. On the downside, support resides at the 0.7650 level where a breach will aim at the 0.7600 level. Below that level will set the stage for a run at the 0.7550 level with a cut through here targeting further downside pressure towards the 0.7500 level. On the upside, resistance lies at the 0.7750 level. A cut  through here will turn attention to the 0.7800 level and then the 0.7850 level where a violation will set  the stage for a retarget of the 0.7900 level. On the  whole, AUDUSD remains biased to the upside on further strengt