Announcement

Collapse
No announcement yet.

Daily Technical Strategy On Currencies & Commodities

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • FXTechstrategy
    replied
    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.


    Leave a comment:


  • FXTechstrategy
    replied
    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.



    Leave a comment:


  • FXTechstrategy
    replied
    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.


    Leave a comment:


  • FXTechstrategy
    replied
    AUDUSD Weakens, See Further Price Weakness

    AUDUSD looks to extend further downside pressure after declining further on Tuesday. On the downside, support comes in at the 1.6800 level. A cut through here will turn focus to the 0.6750 level and then the 0.6700 level. A violation will set the stage for a retarget of the 0.6650 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6900 level where a breach will aim at the 0.6950 level. Below here will open the door for a run at the 0.7000 level and then the 0.7050 level. On the whole, AUDUSD faces further downside threats short term.

    Leave a comment:


  • FXTechstrategy
    replied
    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.

    Leave a comment:


  • FXTechstrategy
    replied
    GBPUSD Weakens For Second Day In A Row

    GBPUSD faces risk of more weakness nearer term following its second day of losses on Thursday. Support lies at 1.3050 area with a break below that level turning focus to the 1.3000 level. Further down, support comes in the 1.2950 level where a violation will shift focus to the 1.2900 level. Below here will open the door towards the 1.2850 level. On the upside, resistance comes in at the 1.3150 with a break above there allowing for more strength to occur towards the 1.3200 level. Further out, resistance stands at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD faces further pullback threats on the back of its recent weakness.

    Leave a comment:


  • FXTechstrategy
    replied
    USDCHF Sets Up To Recover Further Higher

    USDCHF faces risk of further recovery higher after backing off lower prices on Thursday and Friday. 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 further strength. On the downside, support is located 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 comes in at the 0.9550 level. All in all, USDCHF remains biased to the upside on price recovery.


    Leave a comment:


  • FXTechstrategy
    replied
    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.


    Leave a comment:


  • FXTechstrategy
    replied
    EURUSD Bullish, Risk Continues To Point Higher

    EURUSD with the pair continuing to retain upside pressure, more strength is likely in the days ahead. Resistance comes in at the 1.1250 where a break will turn risk to the 1.1300 level. A breach below here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support comes in at 1.1150 level with a violation of there opening the door for further gain towards the 1.1100 level. Further up, resistance lies at the 1.1050 level. A cut through that level will clear the way for a move towards the 1.1000 level. All in all, EURUSD expects more recovery to occur in the days ahead.


    Leave a comment:


  • FXTechstrategy
    replied
    EURUSD Sets Up To Weaken Further Towards 1.1034 Level

    EURUSD with the pair continuing to retain its downside pressure, more decline is expected. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. 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 weakness to occur in the days ahead.


    Leave a comment:


  • FXTechstrategy
    replied
    EURJPY Downside Pressure Remains With Eyes On 121.01 Zone

    EURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. 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 comes in at the 122.00 level. Further out, we envisage a possible move towards the 122.50 level of the former level. Further out, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. On the whole, EURJPY continues to retain its downside pressure nearer term.


    Leave a comment:


  • FXTechstrategy
    replied
    EURUSD Risk Continues To Point Lower On Bear Pressure

    EURUSD with the pair continuing to reject higher prices and declining on Wednesday, more decline is envisaged in the days ahead. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. 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 weakness to occur in the days ahead.

    Leave a comment:


  • FXTechstrategy
    replied
    GBPUSD Tumbles On Sell Off, Closes Gap

    GBPUSD continues look more weakness after tumbling lower on sell off during Tuesday trading session. Support lies at 1.3100 area with a break below that level turning focus to the 1.3050 level. Further down, support comes in the 1.3000 level where a violation will shift focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside, resistance is located at the 1.3200 with a break above there allowing for morel strength to build up towards the 1.3250 level. Further out, resistance stands at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD faces further pullback threats on the back of its Tuesday sell off.


    Leave a comment:


  • FXTechstrategy
    replied
    USDCHF Faces Further Weakness But With Warning

    USDCHF may be consolidating but faces risk of a move further lower. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. Its weakly RSI is bearish and pointing lower suggesting further weakness. On the downside, support is located at the 0.9850 level with a turn below here opening the door for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support comes in at the 0.9700 level. All in all, USDCHF remains biased to the downside on price weakness.


    Leave a comment:


  • 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.

    Leave a comment:

Working...
X