FXTechstrategy Team
FXTechstrategy Team
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FXTechstrategy Team
Published post USDCHF: Extends Bearishness For Third Week In A Row
USDCHF: The pair extended its weakness for a third week in a row the past week following its loss of upside momentum at the 0.9845 level in Sept 2015. This leaves room for more weakness with eyes on its nearby support located at the 0.9527 level...
FXTechstrategy Team
Published post NZDUSD Remains Under Pressure, Closes In On 0.6707/37 Region
NZDUSD: With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level where a break will turn attention to the 0.6700 level. Further down, the 0...
FXTechstrategy Team
Published post USDJPY Sees Recovery Higher On Loss Of Bearish Momentum
USDJPY: USDJPY lost its downside momentum to close higher on a long-tailed candle on Thursday. This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the way for more strength build up towards the 120.00 level with a break targeting the 120.50 level...
FXTechstrategy Team
Published post AUDUSD: Price Stalls Ahead Of 0.7381, Vulnerable
AUDUSD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session. This suggests on continued trading below the mentioned support, further bear threats cannot be ruled out. On the downside, support comes in at the 0...
FXTechstrategy Team
Published post GOLD Cuts Through 1170.03 Level With Eyes On 1205.70
GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the 1165...
FXTechstrategy Team
Published post GBPUSD Takes Back Losses, Sets Up For More Strength
GBPUSD: GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out, resistance resides at the 1...
FXTechstrategy Team
Published post EURUSD: Risk Points Lower Below The 1.1459 Level
EURUSD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias...
FXTechstrategy Team
Published post USDCAD Builds Up On Strength, Recovers Higher
USDCAD: USDCAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday. This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level where a break will target the 1.3100 level...
FXTechstrategy Team
Published post GBPJPY: Turns Down, Sets Up For 182.49 Level
GBPJPY: With the cross printing back to back long-tailed candles on Friday and Monday to trigger bear pressure during early Asia session, we look for weakness to occur. The cross to target its Oct 07 2015 low at 182.49 level. On upside, resistance is seen at the 184.00 level followed by the 185...
FXTechstrategy Team
Published post EURJPY Falters, Backs Off Ahead Of The 137.04/44 Area
EURJPY: The cross may remain biased to the upside following its recent strength but it was seen backing off ahead of its key overhead resistance zone at the at 137.44/04 region during the Monday trading session...
FXTechstrategy Team
Published post AUDUSD Climbs Above The 0.7279 Zone, Looks For More Gain
AUDUSD: AUDUSD closed strongly higher the past week leaving risk of further strength in the new week. While it can trade and hold above its broken resistance turned support at 0.7279 level, we think more gain should occur. On the upside, resistance lies at the 0.7400 level...
FXTechstrategy Team
Published post EURUSD: Threats Builds Up Pressure On The 1.1459 Zone
EURUSD: Having EUR closed strongly higher the past week, it now looks to extend that strength towards its key support zone at 1.1459. We may see price hesitation at this level or even a pullback. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level...
FXTechstrategy Team
Published post CRUDE OIL Stands Above The 49.30 Zone With Warning
CRUDE OIL: The commodity closed strongly higher the past week holding above its key resistance at 49.30 and opening the door for more strength in the new week. However, we may see a pullback as a rejection candle is now seen on the daily chart after its Friday negative close...
FXTechstrategy Team
Published post USDCHF Turns Down On Further Price Extension
USDCHF: The pair saw a follow-through lower the past week on the back of its previous week losses. This development leaves it weak and vulnerable to the downside in the new week. On further weakness its key support located at the 0.9527 level will be targeted...
FXTechstrategy Team
Published post EURUSD: Bull Pressure Leaves Risk Towards Key Resistance.
EURUSD: EUR rallied strongly during Friday trading session leaving risk on further upside. It faces a bigger overhead resistance standing at the 1.1433 level, representing its September 18 2015 high. However, immediate resistance resides at the 1.1400 level. On the upside, resistance is seen at 1...
FXTechstrategy Team
Published post GBPUSD: On The Upbeat, Maintains Above The 1.5336 Region
GBPUSD: GBP took back its intra day losses to close higher on Thursday leaving risk of more strength on the cards. On the upside, resistance resides at the 1.5400 level. Further out, resistance resides at the 1.5450 level followed by the 1.5500 level...
FXTechstrategy Team
Published post GBPJPY: Turns Lower Ahead Of Key Resistance at 184.42, Weakens
GBPJPY: The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level remains unbroken. On the downside, support comes in at the 182...
FXTechstrategy Team
Published post USDCAD Puts In Temporary Bottom, Key Support Held
USDCAD: USDCAD’s key support located at the 1.3011 level held on Wednesday turning the pair higher on a rejection candle. This development leaves the immediate risk to the upside. On the downside, support lies at the 1.3000 level followed by the 1.2950 level...
FXTechstrategy Team
Published post GBPUSD Sees Further Bullish Offensive, Targets 1.5336 Region
GBPUSD: GBP extended its recovery during Wednesday trading session leaving risk of more strength to occur. However, watch out for its overhead resistance located at the 1.5336 zone. This level is significant on the weekly chart. Price hesitation ahead or at that level cannot be ruled out...
FXTechstrategy Team
Published post AUDUSD Recovers Higher, Sets Up To Extend Strength
AUDUSD: The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its Sept 29 2015 low. On the downside, support resides at the 0...