FXTechstrategy

FXTechstrategy

AUDUSD threatens further downside pressure as it looks to decline further towards the 0.6700 support zone. On the downside, resistance lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower...

FXTechstrategy

GBPJPY looks to weaken further lower as it retains its corrective pressure. On the downside, support comes in at the 132.50 level where a violation will aim at the 132.00 level. A break below here will target the 131.50 level followed by the 131.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the...

FXTechstrategy

GBPUSD with the pair extending its correction during Monday trading session, further decline is expected in the days ahead. Support comes in at 1.2400 area with a break below that level turning attention to the 1.2350 level. Further down, support lies at the 1.2300 level where a violation will shift focus to the 1.2250 level. Below here will open the door...

FXTechstrategy

EURGBP retains downside pressure with eyes on 0.8723 support zone. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.8850 level. A violation if seen...

FXTechstrategy

AUDUSD threatens further weakness towards the 0.6700 level in the new week. On the upside, resistance lies at the 1.6800 level. A cut through here will turn focus to the 0.6850 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6950 level. Support lies at the 0.6700 level where a breach will aim at the 0.6650 level. Below...

FXTechstrategy

GBPJPY looks to resume short term uptrend as it eyes further upside strength. On the downside, support comes in at the 135.00 level where a violation will aim at the 134.50 level. A break below here will target the 134.00 level followed by the 133.50 level. Conversely, resistance is seen at the 136.00 level followed by the 136.50 level. A cut through that level...

FXTechstrategy

USDJPY risk continues to point higher on further price strength. 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...

FXTechstrategy

GOLD eyes further weakness as it faces more bear pressure in the new week. On the downside, support sits at the 1,480.00 level where a break will turn focus to the 1,470.00 level. Further down, a cut through here will open the door for a move decline towards the 1,460.00 level. Below here if it occurs will trigger further downside pressure aiming at the 1,450.00...

FXTechstrategy

EURUSD faces further upside pressure following its past week higher close. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation of there opening the door for...

FXTechstrategy

EURJPY rallies on further upside pressure with eyes on 120.20 level. On the downside, support resides at the 119.00 level where a break will aim at the 118.50 level. A turn below here will turn focus to the 117.50 level and possibly lower towards the 117.00 level. On the upside, resistance resides at the 120.00 level. Further out, we envisage a possible move...

FXTechstrategy

USDJPY looks to extend recovery towards 107.93 zone in the days ahead. On the upside, resistance comes in at 107.93 level. Above this level will turn attention to the 108.50 level. Further out, we expect a possible move towards the 109.00 level. A cut through here will open the door for more gain towards the 109.50. On the downside, support lies at the 107.00...

FXTechstrategy

CRUDE OIL price build up targets the 58.79 resistance zone as it retains its strength. Support lies at the 57.50 level where a break will expose the 57.00 level. A cut through here will set the stage for a run at the 56.50 level. Further down, support comes in at the 56.00. On the upside, resistance resides at the 58.50 levels. Further out, resistance comes in...

FXTechstrategy

GBPUSD resumes its corrective recovery strength with eyes on the 1.2459 level. Support lies at 1.2300 area with a break below that level turning attention to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will shift focus to the 1.2150 level. Below here will open the door towards the 1.2100 level. On the upside, resistance is...

FXTechstrategy

GOLD targets further weakness with eyes on 1,479.89 level following its two-day declines. On the downside, support sits at the 1,490.00 level where a break will turn focus to the 1,480.00 level. Further down, a cut through here will open the door for a move decline towards the 1,470.00 level. Below here if it occurs will trigger further downside pressure aiming...

FXTechstrategy

EURUSD continues to retain its broader downside pressure as it holds on ti its broader medium term weakness. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level. Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation...

FXTechstrategy

USDCHF looks to extend its short term recovery pressure. 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 weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support is located at the 0.9850 level with a...

FXTechstrategy

GBPJPY extended its strength on Thursday following its rally on Wednesday. On the downside, support comes in at the 131.50 level where a violation will aim at the 131.00 level. A break below here will target the 130.50 level followed by the 130.00 level. Conversely, resistance is seen at the 132.50 level followed by the 133.00 level. A cut through that level will...

FXTechstrategy

GOLD sets up to trigger long term uptrend as it closing further higher on Wednesday. On the downside, support sits at the 1,540.00 level where a break will turn focus to the 1,530.00 level. Further down, a cut through here will open the door for a move decline towards the 1,520.00 level. Below here if it occurs will trigger further downside pressure aiming at the...