FXTechstrategy Team / Blog
EURUSD: With EUR taking back more than half of its Friday losses on Monday and following through higher on Tuesday, it looks to test is falling trendline at 1.0971. But be cautious ahead of the mentioned declining trendline. Support lies at the 1.0850 level. Further down, support lies at the 1...
GBPUSD: With the pair reversing its Friday losses to close higher on Monday, further recovery is now envisaged in the days ahead. It must trade and hold above range to create scope for more strength. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level...
EURJPY: Having rallied strongly the past week, we envisage further strength to occur. However, with almost a half of that rally taken back, a correction could be developing ahead of its medium term falling trendline (red). Support comes in at the 131.00 level where a break will aim at the 130...
GOLD: Having the commodity continued to hold on to its recovery strength, GOLD looks to build up on recovery strength above the 1100.00 zone. On the downside, support comes in at the 1110.00 level where a break will turn attention to the 1100.00 level...
EURUSD: With EUR taking back most of its earlier gains for the week to close marginally higher on Friday, EURUSD eyes key support at the 1.0710 level. On the downside, support is located at the 1.0750 level and if violated, expect more weakness to happen towards the 1.0700 level...
NZDUSD: The pair closed flat the past week leaving risk of a move lower on the cards. As long as the 0.6542/58 zone continues to hold as resistance, the pair looks to weaken. This is consistent wit its medium term downtrend. Support lies at the 0.6400 level where a break will aim at the 0...
USDCHF: Having closed further higher on a follow through on the back of its previous week strength, USDCHF looks to push higher towards 1.0327 resistance zone. On the downside, support lies at the 1.0300 level. A turn below here will open the door for more weakness towards the 1...
CRUDE OIL: Having tested the 34.26 level and closed below that level on Thursday, we think CRUDE OIL faces the risk of a move lower. On the downside, support resides at the 33.00 level where a break will expose the 32.00 level. A cut through here will set the stage for a run at the 31.00 level...
AUDUSD Caps Strength Below The 0.7096 Zone AUDUSD: Although AUDUSD remains biased to the upside on correction, it continues to retain its broader medium term bias below the 0.7096 zone. Unless that is decisively taken our, the pair faces downside pressure...
EURUSD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level...