FXTechstrategy Team / Blog
GOLD: Having followed through lower strongly on Tuesday GOLD remains weak and vulnerable to the downside on more weakness. On the downside, support comes in at the 1070.00 level where a break will turn attention to the 1060.00 level...
EURUSD: With EUR remaining weak and vulnerable to the downside, risk remains lower on bear pressure. This view remains valid as long as the 1.0969/1.0000 resistance zone remains unbroken. Support lies at the 1.0800 level. Further down, support lies at the 1...
GBPUSD: Having sold off during early trading today, GBPUSD looks to recapture the 1.4400 zone. While the 14603 level caps any recovery, our bias remains lower. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level...
USDCHF: Having turned higher on bullish offensive on Monday, further bullish offensive is envisaged. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. Further down, support resides at the 0...
USDJPY: With USDJPY turning higher on loss of bearish momentum on Monday, it looks to follow through higher in the days ahead. On the downside, support comes in at the 117.00 level where a break if seen will aim at the 116.50 level. A cut through here will turn focus to the 116...
GOLD: Having closed strongly higher on a rally the past week, GOLD eyes further upside pressure. On the downside, support comes in at the 1098.00 level where a break will turn attention to the 1088.00 level. Further down, a cut through here will open the door for a move lower towards the 1080...
EURUSD: Having rejected lower level prices to close higher on a rejection candle the past week, EURUSD faces additional recovery threats. On the down, support is located at the 1.0850 level and if violated, expect more weakness to happen towards the 1.0795 level...
GOLD: Having capped its strength at 1113.09 level to weaken during Friday trading session, GOLD faces more downside risk on pullback. Except it retakes the 1113.09 resistance, it should target further weakness. On the downside, support comes in at the 1090...
GBPUSD: GBP has halted its weakness to close on a rejection candle on Thursday. This development has set the tone for a recovery higher threats. Support lies at the 1.4550 level where a break will turn attention to the 1.4500 level. Further down, support lies at the 1.4500 level...
EURUSD: Having triggered a correction on Wednesday and followed through higher on Thursday, EURUSD faces further recovery offensive. On the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level...