FXTechstrategy Team / Profile

USDCHF: Having USDCHF lost upside momentum on Wednesday to close lower it looks to extend its bull pressure. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.9900 level and then the 1.0000 level...

USDCAD remains bullish above the 1.4000 level following a break and hold above that level during Wednesday trading session. This is coming on the back of its Tuesday downside price rejection to close higher. On the upside, resistance resides at the 1.4150 level where a break will target the 1...

GBPUSD: Having GBP continued to hold on to its downside pressure, it leaves risk of more weakness on the cards. Support lies at the 1.4700 level where a break will turn attention to the 1.4650 level. Further down, support lies at the 1.4600 level...

EURJPY: Having sold off strongly during Monday trading session, EURJPY faces more downside pressure on sell off. This will leave its psycho level support at 129.00 level as the next downside target. While the 131.35/77 zone remains unbroken, this view remains valid. Support comes in at the 128...

GOLD: With the commodity reversing its previous losses to close lower the past week, GOLD continues to maintain bear pressure with eyes on 1046.00 zone. While it trades and holds below the 1085/88 zone, our immediate bias remains lower. On the downside, support comes in at the 1050...

EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1...

USDCHF: Having USDCHF rallied on bullish offensive the past week to reverse its previous week losses, it eyes further strength in the new week. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 1.9900 level and then the 0...

GBPJPY: Having continued to maintain its broader weakness, GBPJPY faces downside pressure on continued bearishness. This view remains valid as long as the cross trades holds below its key resistance zone at 180.22/82. On the downside, support comes in at the 176...

GOLD: Having sold off on Wednesday to close lower, GOLD targets its key support on bear pressure. This development now leaves it aiming at its key support zone at the 1046/47.00. While it trades and holds below the 1085/88 zone, its broader bias remains lower...

EURUSD: With the pair capping its strength to sell off on Tuesday, EURUSD targets more downside pressure on weakness. This view remains valid as long as it trades below the 1.1059/1.0991 zone, its key resistance zone. On the downside, support resides at the 1.0900 zone...

GBPUSD: Having failed to follow through higher on the back of its Friday strength on Monday, GBPUSD faces downside pressure on recovery failure. While the 1.4949/44 zone caps any strength, we look for the pair to weaken. Support lies at the 1.4850 level where a break will turn attention to the 1...

GOLD: Having turned higher the past week to reverse its previous week losses, GOLD eyes more strength on recovery. On the downside, support comes in at the 1060.00 level where a break will turn attention to the 1050.00 level. where a break will turn attention to the 1050.00 level...

EURUSD: Having taken back almost all of its previous week losses to close higher on Friday, EURUSD faces price consolidation risk in the new week. This development if triggered could see trade between the 1.1466 and the 1.0818 range. On the downside, support resides at the 1.0900 zone...

GBPUSD: Having remained weak and vulnerable to the downside, GBPUSD faces medium term downside pressure. Despite its flat close the past week, we think downside risk is not over yet. This is coming on the back of its loss of upside momentum on Friday (see daily chart). Support lies at the 1...

GBPUSD: Having followed through higher on the back of its Wednesday recovery gains, GBPUSD faces further upside pressure. Support lies at the 1.4850 level where a break will turn attention to the 1.4800 level. Further down, support lies at the 1.4750 level...

EURJPY: Having turned back lower following a reversal of its intra day gains during Wednesday trading session, EURJPY eyes further bear pressure. This view remains valid as long as the cross trades and holds below the 132.79/99 zone. Resistance resides at the 132...

EURUSD: The pair may have strengthened further on Tuesday but EURUSD faces its key resistance zone at 1.1059/86 with a possible turn back lower envisaged. This view remains valid as long as it continues to trade below the 1.1059/86 zone, its key resistance zone. Support resides at the 1.0850 zone...

GBPJPY: Having continued to maintain its broader weakness, GBPJPY faces downside pressure medium term. This view remains valid while the cross trades and holds below its key resistance zone at 183.36. On the downside, support comes in at the 179.00 level where a violation will aim at the 178...

USDJPY: Having put in a temporary bottom at the end of Monday trading session, USDJPY looks to recover higher on price correction. This corrective view remains valid as long as the 120.33 support zone remains unbroken. On the upside, resistance resides at the 122...

GBPUSD: Having remained weak and vulnerable to the downside, GBPUSD continues to retain its bearish bias Despite its present price hesitation, we look for the pair to extend its past week losses in the new week. Support lies at the 1.4800 level where a break will turn attention to the 1...