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Published post USDJPY: Rallies, Pressure Builds Up On 106.36 Zone
USDJPY: The pair continues to hold on to its recovery bias rallying strongly on Thursday and opening the door for more strength. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104...
FXTechstrategy.com
Published post EURUSD: Trades Below Trendline Resistance
EURUSD: Although EURUSD closed higher on recovery on Wednesday and followed through higher during early Thursday trading, it faces downside risk below its declining trendline. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1...
FXTechstrategy.com
Published post GBPJPY: Bullish, Follows Through Higher
GBPJPY: The cross closed higher on Monday and was seen following through higher as at the time of this analysis. On the downside, support comes in at the 154.00 level where a violation will aim at the 153.00 level. A break below here will target the 152.00 level followed by the 151.00 level...
FXTechstrategy.com
Published post GOLD Outlook Remains Higher On More Recovery
GOLD: The commodity continues to retain its upside pressure leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
FXTechstrategy.com
Published post USDCHF Vulnerable, Risk Builds Up On 0.9527 Zone
USDCHF: Having the pair closed lower for a third week in a row, more decline is expected in the new week though with caution. On the downside, support lies at the 0.9550 level. A turn below here will open the door for more weakness towards the 0.9500 level and then the 0.9450 level...
FXTechstrategy.com
Published post GOLD: Outlook Remains Higher On More Bullishness
GOLD: The commodity retains its upside pressure but with caution as it approaches its key resistance. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level...
FXTechstrategy.com
Published post EURUSD Prints Rejection Candle, Eyes Recovery
EURUSD: With EURUSD closing higher on a rejection candle the past week, a move higher in the new week could be building up. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1...
FXTechstrategy.com
Published post GBPUSD Targets Further Upside On Loss Of Downside Momentum
GBPUSD: The pair looks to build up on its recovery after reversing all of its intra day losses on Thursday. On the downside, support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level...
FXTechstrategy.com
Published post EURUSD: Reverses Gains, Bearish
EURUSD: The pair reversed all of its Wednesday gains during Thursday trading session to open the door for more weakness in the days ahead. On the downside, support lies at the 1.1100 level. Further down, support comes in at the 1.1050 level where a violation will aim at the 1.1000 level...
FXTechstrategy.com
Published post USDCHF Triggers Bear Pressure On Price Failure
USDCHF: Having the pair rejected higher prices to weaken further on Wednesday, further downside pressure is expected in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
FXTechstrategy.com
Published post GOLD Outlook Remains Higher But With Caution
GOLD: The commodity continues to hold on to its upside pressure leaving risk of more strength targeting the 1,300.00 level. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level...
FXTechstrategy.com
Published post GBPUSD: Continues To Hold Above Key Support
GBPUSD: The pair has paused its weakness at its key support leaving risk of a return to the upside on the cards. Except it breaks and holds below the 1.4130 level, risk of a move higher on correction is likely. On the downside, support lies at the 1...
FXTechstrategy.com
Published post EURUSD Halts Weakness With Recovery Risk Developing
EURUSD: The pair halted its weakness to close higher on Monday and left risk of move higher on the cards. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1.1050 level...
FXTechstrategy.com
Published post GOLD Outlook Remains Higher But With Caution
GOLD: The commodity strengthened further the past week leaving risk higher in the new week. However, we think price consolidation or pullback should occur. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
FXTechstrategy.com
Published post EURUSD: Risk Points Lower Towards 1.1097 Zone
EURUSD: With EURUSD closing lower reversing part of its previous week gains, more weakness is envisaged in the new week. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1...
FXTechstrategy.com
Published post USDCHF: Sets Up To Weaken More With Eyes On 0.9600
USDCHF: Having the pair closed lower for second day in a row, more decline is expected in the new week though with caution of correction. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
FXTechstrategy.com
Published post AUDUSD Bear Pressure Builds Up On 0.7367 Level
AUDUSD. With AUDUSD continuing to hold on to its downside pressure following its price failure on Thursday, further bearishness is expected in the days ahead. On the downside, support resides at the 0.7350 level where a breach will aim at the 0.7300 level...
FXTechstrategy.com
Published post EURUSD Tumbles Lower On Loss Of Upside Momentum
EURUSD: The pair tumbled lower on Thursday following a loss of upside momentum. This development leaves EURUSD targeting further downside pressure in the days ahead. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1.1200 level...
FXTechstrategy.com
Published post EURGBP Sets Up To Build On Recovery
EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
FXTechstrategy.com
Published post GOLD Retains Its Bull Pressure With Eyes On 1,260.00
GOLD: The commodity continues to face upside pressure though closing marginally higher on Tuesday. It was seen heading higher during early trading on Wednesday. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level...