FXTechstrategy Team / Profile

EURGBP: With the cross extending its weakness on Tuesday, risk of further downside pressure is likely. This development leaves support standing at the 0.7050 level where a violation will turn focus to the 0.7000 level. A break below here will expose the 0.6950 level...

GBPUSD: Having GBP reversed its Friday gains during Monday trading session, the risk is more weakness to occur. While holding below its cluster of resistance at the 1.5689/77 zone, further decline is likely towards the 1.5550 level where a break if seen will aim at the 1.5500 level...

USDJPY: Having capped its strength at the 1.2506 level to close marginally higher the past week, further corrective weakness is envisaged. On the upside, resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. A break will target the 125.50 level...

GOLD: Having closed higher the past week, further bullishness is likely though hesitating on Friday.However, beware of a mild price pullback. Support comes in at the 1,110.00 level where a break will aim at the 1,200.00 level. A cut through here will open the door for move lower towards the 1,080...

EURUSD: With EUR seeing closing higher the past week, it now faces the risk of following through higher in the new week. Note that we may see a slight pullback in the new week. Support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1...

EURCHF: The cross may be biased to the upside in the medium term but its price failure taking back more than half of its gains the past week could trigger a full blown correction. Corrective signs are already seen on the daily chart. Support lies at the 1...

GBPJPY: Having GBPJPY closed higher the past week, risk of further bullishness remains on the cards. This if seen will allow the cross to target the 195.83 level, representing its year-to-date high. Further out, resistance lies at the 197.00 level followed by the 198...

EURJPY: Remains On The Offensive With Eyes On 140.00 Level EURJPY: The cross remains biased to the upside with eyes on its key resistance at the 140.00 level. This is coming on the back of recent bullish offensive following its corrective recovery triggered off the 133.29 level...

EURGBP- Despite the cross’s price hesitation on Thursday, it continues to maintain its corrective recovery outlook triggered off the 0.6950 low on August 05 2015. On the upside, resistance lies at the 0.7200 level where a violation if seen will turn risk towards the 0.7250 level...

USDCAD: Trades Below Key Resistance, Retains Corrective Pullback Bias USDCAD: With the pair reversing its Tuesday gains to close lower on Wednesday, risk of a follow through lower is envisaged. Despite its present price hesitation downside threat remains while the pair holds below the 1...

USDCHF: With USDCHF turning lower on a strong sell-off on Wednesday, it now faces further corrective weakness in the days ahead. On the downside, support comes in at the 0.9700 level. A turn below here will open the door for more weakness to occur towards the 0.9650 level and then the 0...

EURUSD: With EUR maintaining its corrective bullish offensive, more strength towards its resistance located at 1.1133 level is likely in the days ahead. Support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1...

CRUDE OIL: With Crude Oil putting in a temporary bottom on Monday, it faces a move higher on correction. Resistance is located at the 45.50 level where a break will expose the 46.20 level. A break below here will aim at the 47.00 level and then the 48.00 level...

GBPUSD: GBP looks to recover higher following its rejection candle print on Friday. This development leaves the immediate risk higher with its lower level charts (see 4 hourly chart) turning higher. On the downside, support lies at the 1.5450 level where a break if seen will aim at the 1...

GOLD: Our outlook remains higher as long as GOLD holds above its key supports at the 1,077/1,069 zone, it faces further recovery threats. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040...

USDCHF: With USDCHF extending its bullishness the past week, it now faces further upside pressure. However, with its daily hart spotting rejection candles, correction weakness could be seen in the new week. Resistance resides at the 0.9900 level with a breach targeting the 0.9950 level...

CRUDE OIL: Though maintaining its broader weakness, Crude Oil may see a recovery higher on correction in the days ahead. Resistance is located at the 46.00 level where a break will expose the 47.00 level. A break below here will aim at the 48.00 level and then the 49.00 level...

GBPJPY: Turns Lower On Price Failure GBPJPY: The cross turned lower on Thursday taking back most of its Wednesday gains. This development leaves the cross targeting further downside pressure. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level...

GBPUSD: Reverses Gain, Eyes Further Upside Pressure GBPUSD: With GBP reversing its two-day weakness on Wednesday following a strong rally, risk of further move higher is likely. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level...

USDJPY - Vulnerable Below The 124.47/57 Zone USDJPY - With the pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 level. A break will target the 122.50 level...