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Daily Technical Strategy On Currencies & Commodities

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  • FXTechstrategy
    replied
    EURUSD Hesitates But Remains Vulnerable

    EURUSD with the pair continuing to retain its consolidation threats, directional move is now a challenge. Resistance comes in at the 1.1100 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 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more gain in the days ahead.

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  • FXTechstrategy
    replied
    EURUSD Looks To Weaken Further Lower With Eyes On 1.0988 Zone

    EURUSD with the pair continuing to retain its downside pressure, more decline is expected in the new week. Resistance comes in at the 1.1050 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 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more gain in the days ahead



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  • FXTechstrategy
    replied
    USDCHF Continues To Target The 1.0027 Level

    USDCHF with the pair retaining its short term uptrend, more strength is expected. Resistance comes in at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. Its daily RSI is bullish and ,pointing higher suggesting further strength. On the downside, support is located at the 0.9950 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support comes in at the 0.9750 level. All in all, USDCHF remains biased to the upside short term.

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  • FXTechstrategy
    replied
    AUDUSD Continues To Retains Its Corrective Upside Pressure

    AUDUSD threatens further upside pressure following its price reversal on Friday. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6700 level. A violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level. Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, AUDUSD faces further upside threats on correction.

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  • FXTechstrategy
    replied
    GOLD Broader Bias Remains To The Downside Short Term.

    GOLD faces risk of more weakness in the days ahead as it retains its downside pressure. On the downside, support sits at the 1,340.00 level where a break will turn focus to the 1,430.00 level. Further down, a cut through here will open the door for a move decline towards the 1,420.00 level. Below here if it occurs will trigger further downside pressure aiming at the 1,410.00 level. Conversely, resistance resides at the 1,460.00 level. Further out, resistance resides at the 1,470.00 level where a break will aim at the 1,480.00 level. A turn above there will expose the 1,490.00 level. Further out, resistance stands at the 1,500.00 level. All in all, GOLD looks to correct further lower.

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  • FXTechstrategy
    replied
    USDCAD Outlook Remains Higher In The Short Term

    USDCAD remains biased to the upside on further recovery pressure in the short term. Support lies at the 1.3150 level where a break will aim at the 1.3100 level. Further down, support comes in at the 1.3050 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3200 level where a break will target the 1.3250 level. Further up, resistance resides at the 1.3300 level and then the 1.3350 level. All in all, USDCAD looks to weaken further on further strength.

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  • FXTechstrategy
    replied
    EURUSD Bear Pressure Remains Intact With Eyes On 1.0990 Zone

    EURUSD with the pair reversing its upside pressure to close lower the past week, more decline is expected in the days ahead. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 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 expects more weakness in the days ahead

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  • FXTechstrategy
    replied
    USDJPY Sees Price Follow Through On Strength

    USDJPY faces further bull pressure as it extended its gain on Tuesday. 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 on a break of that area, A cut through here will open the door for more gain towards the 111.00.Its daily RSI suggesting further upside pressure. On the downside, support lies at the 109.00 level where a break will target the 109.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 107.50 level. On the whole, USDJPY faces further upside pressure in the days ahead but with caution.


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  • FXTechstrategy
    replied
    USDJPY Continues To Retain Its Pullback Threats.

    USDJPY the pair rejected higher prices to sell off on Thursday opening the door for more weakness. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50 level on a break of that area. A cut through here will open the door for more gain towards the 110.00. On the downside, support lies at the 107.50 level where a break will target the 107.00 level. Below that level will turn focus to the 106.50 level and then lower towards the 106.00 level. On the whole, USDJPY faces further downside pressure in the days ahead




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  • FXTechstrategy
    replied
    EURUSD More Price Strength Envisaged

    EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected. Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1000 level. Further down, support stands at the 1.0950. Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level. All in all, EURUSD expects more gain in the days ahead


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  • FXTechstrategy
    replied
    GBPUSD Sees Price Extension With Eyes On 1.2900 Zone

    GBPUSD with the pair extending its strength, more price gain is expected in the days ahead. Support lies at 1.2800 area with a break below that level turning attention to the 1.2750 level. Further down, support lies at the 1.2700 level where a violation will shift focus to the 1.2650 level. Below here will open the door towards the 1.2600 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 retains its upside pressure as it eyes further strength.



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  • FXTechstrategy
    replied
    USDCHF Remains Biased To The Upside Towards 1.0027 Zone

    USDCHF with the pair retaining its upside pressure, more gain is expected to happen in the new week. Resistance comes in at the 1.0027 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. On the downside, support is located at the 0.9900 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support comes in at the 0.9750 level. All in all, USDCHF remains biased to the upside in the days ahead.



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  • FXTechstrategy
    replied
    EURUSD Halts Weakness With Upside Pressure Envisaged.

    EURUSD with a halt in price occurring on Friday, more strength is expected in the new week. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800. Conversely, on the upside, resistance comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.1050 level. Further up, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.1150 level. All in all, EURUSD expects more gain in the days ahead.



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  • FXTechstrategy
    replied
    USDJPY Eyeing Further Upside Pressure

    USDJPY eyes further upside pressure on corrective recovery as it closed higher on Monday. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50 level on a break of that area, A cut through here will open the door for more gain towards the 110.00. On the downside, support lies at the 107.50 level where a break will target the 107.00 level. Below that level will turn focus to the 106.50 level and then lower towards the 106.00 level. On the whole, USDJPY faces further downside pressure.



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  • ForexShark
    replied
    I think Gold down till 1412 in october
    Attached Files

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