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Published post EURUSD Faces Downside Pressure In The Short Term
EURUSD: With EURUSD weakening during Tuesday trading session, further decline is expected in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
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Published post GBPUSD Looks To Recapture The 1.4402 Level
GBPUSD: The pair continues to hold on to its downside pressure triggered on Friday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level...
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Published post EURJPY: Weakens Below Its Consolidation Range.
EURJPY: With the cross breaking and trading below its consolidation range, risk of more weakness is likely in the days ahead. Support comes in at the 122.00 level where a break will aim at the 121.50 level. A turn below here will target the 121.00 level with a breach turning focus to the 120...
FXTechstrategy.com
Published post USDJPY: Consolidates With Downside Threats
USDJPY: Having closed higher for a third consecutive week, further bullish offensive is envisaged. However, with price hesitation seen on price we could see it weaken in the new week though with caution. On the downside, support comes in at the 109...
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Published post GOLD Declines On Continued Correction
GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240...
FXTechstrategy.com
Published post EURUSD: Maintains Downside Pressure But With Caution
EURUSD: With EURUSD weakening for a third week in a row, more downside pressure is envisaged. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
FXTechstrategy.com
Published post USDCHF Remains Bullish On Correction
USDCHF: Having the pair closed higher the past week, we expect it extend that recovery in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level...
FXTechstrategy.com
Published post AUDUSD: Halts Weakness, Eyes Recovery
AUDUSD. With the pair halting its weakness to close on a rejection candle on Thursday, a move higher could be developing. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
FXTechstrategy.com
Published post GBPUSD Trades Below Its Key Overhead Resistance
GBPUSD: The pair continues to retain its bull pressure but with caution ahead of its key resistance at 1.4769 level. If it fails to build up on its recent strength we could see it head lower. On the downside, support lies at the 1.4550 level where a break will turn attention to the 1.4500 level...
FXTechstrategy.com
Published post EURGBP-Retains Its Downside Pressure Bias
EURGBP- With the cross selling off on Wednesday and following through on Thursday, further decline is expected. Resistance resides at the 0.7700 level where a violation if seen will turn risk towards the 0.7740 level. On further upside, the 0...
FXTechstrategy.com
Published post EURUSD Looks To Extend Its Bear Pressure
EURUSD: With EURUSD selling off strongly on Wednesday, we envisage more weakness in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level...
FXTechstrategy.com
Published post GBPUSD Remains Weak And Vulnerable To The Downside
GBPUSD: The pair continues to look weak and vulnerable to the downside in the short term despite its recovery attempts on Tuesday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level...
FXTechstrategy.com
Published post USDCHF Targets Further Bullishness On Bull Pressure
USDCHF: Having the pair strengthened further on Tuesday, further move higher is expected in the days ahead. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700 level and then the 0.9650 level...
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Published post GOLD Loses Upside Momentum, Vulnerable
GOLD: Having lost its upside momentum to close on a rejection candle on Monday, further weakness is envisaged. On the downside, support comes in at the 1,265.00 level where a break will turn attention to the 1,260.00 level...
FXTechstrategy.com
Published post EURUSD Faces Downside Pressure On Bear Pressure
EURUSD: With EURUSD continuing to maintain its downside pressure, further downside pressure is likely. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will target the 1.1100 level...
FXTechstrategy.com
Published post GBPUSD: Short Term Bias Remains Lower Despite Hesitation
GBPUSD: The pair closed lower the past week leaving risk of additional weakness on the card in the new week. Despite its present price hesitation, short term risk remains lower. On the downside, support lies at the 1.4300 level where a break will turn attention to the 1.4250 level...
FXTechstrategy.com
Published post GOLD Looks For Directional Bias
GOLD: Though vulnerable to the downside on correction, the commodity is now looking for directional bias on the daily chart. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level...
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Published post GBPJPY: Risk Remains Lower Medium Term
GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
FXTechstrategy.com
Published post USDCHF: Closes Higher, Looks To Resume Corrective Strength
USDCHF: Having the pair taken back all of its earlier losses for the week to close higher on Friday, more strength is expected in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0...
FXTechstrategy.com
Published post EURUSD: With EURUSD following through lower on the back of its Thursday losses on Friday, further downside pressure is e
EURUSD: With EURUSD following through lower on the back of its Thursday losses on Friday, further downside pressure is expected. 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. A break of here will target the 1...