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FXTechstrategyTeam
Added topic GBPUSD: Sells Off On Price Weakness
GBPUSD: The pair followed through lower on the back of its Monday losses on Tuesday . This development leaves GBPUSD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn
FXTechstrategyTeam
Added topic EURJPY: Risk Points Higher On Corrective Recovery
EURJPY: Having the cross turned higher on recovery on Wednesday , further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level. A turn below here will target the 123.00 level
FXTechstrategyTeam
Added topic AUDUSD Extends Its Bullish Offensive
AUDUSD. With the pair strengthening further on Wednesday and following through on Thursday, it looks to move higher to the 0.7400 level and beyond. On the downside, support resides at the 0.7300 level where a breach will aim at the 0.7250 level
FXTechstrategyTeam
Added topic EURUSD Puts In Bottom With Eyes On Upside
EURUSD: Having EUR closed higher the past week, it now looks to strengthen further in the new week. On the downside, support is located at the 1.0950 level and if violated, expect more weakness to happen towards the 1.0900 level. Further down
FXTechstrategyTeam
Added topic GOLD Follows Through Higher On Bullish Recovery
GOLD: Having GOLD reversed its Monday losses on Tuesday and followed through higher during Wednesday trading session , further strength is expected. On the downside, support comes in at the 1220.00 level where a break will turn attention to the
FXTechstrategyTeam
Added topic USDJPY: Reverses Higher With Eyes On Price Extension
USDJPY: With the pair taking back its Monday losses to close higher on Tuesday , further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level
FXTechstrategyTeam
Added topic EURUSD: Looks To Pullback Ahead Of Key Resistance.
EURUSD: With EUR pulling back (see daily chart) ahead of its key resistance following its rally above its declining trendline the past week, EURUSD looks to pullback ahead of key resistance. On the downside, support is located at the 1.1100 level and
FXTechstrategyTeam
Added topic GBPUSD Looks To Weaken More On Bearishness
GBPUSD: Having declined on further weakness during Monday trading session , GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn attention to the 1.4300 level. Further down, support
FXTechstrategyTeam
Added topic EURJPY Looks To Put In Temporary Bottom
EURJPY: With price rejection now seen, EURJPY looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim
FXTechstrategyTeam
Added topic GBPUSD Aims At 1.4591 Level On Bullishness.
GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday , GBPUSD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down
FXTechstrategyTeam
Added topic USDCHF Targets Support At The 0.9600 Zone
USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday . On the downside, support lies at the 0.9600
FXTechstrategyTeam
Added topic EURUSD Looks To Test Is Falling Trendline
EURUSD: With EUR taking back more than half of its Friday losses on Monday and following through higher on Tuesday, it looks to test is falling trendline at 1.0971. But be cautious ahead of the mentioned declining trendline. Support lies at the
FXTechstrategyTeam
Added topic USDJPY Sells Off On Loss Of Upside Momentum
USDJPY: Having the pair sold off hard on Tuesday , further downside pressure is likely in the days ahead. On the downside, support comes in at the 119.50 level where a break if seen will aim at the 119.00 level. A cut through here will turn focus to
FXTechstrategyTeam
Added topic GBPUSD Targets Additional Strength On Bullish Offensive
GBPUSD: Having reversed its Tuesday losses to break further higher during Wednesday trading session, GBPUSD targets additional strength towards the 1.4559 level. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level
FXTechstrategyTeam
Added topic AUDUSD Extends Bullish Price Strength
AUDUSD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at the 0.7200 level where a breach will aim at the
FXTechstrategyTeam
Added topic EURUSD Looks For More Bullishness Short Term
EURUSD: Having continued to strengthen, EURUSD looks for more bullishness in the short term. On the downside, support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of
FXTechstrategyTeam
Added topic EURGBP: Recovering With Caution Ahead Of Key Resistance
EURGBP- With the cross closing strongly higher the past week, further bullishness is likely. However, with price hesitation seen on Friday (daily chart) ahead of its key resistance at 0.7741/55 zone, it should face pullback threats in the new week
FXTechstrategyTeam
Added topic GBPUSD Sets Up To Retest Key Support Zone
GBPUSD: With the pair reversing its intra day gains to close lower on Wednesday , GBPUSD sets up to retest key support zone. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the
FXTechstrategyTeam
Added topic EURUSD Threatens Trendline Resistance.
EURUSD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim
FXTechstrategyTeam
Added topic AUDUSD Caps Strength Below The 0.7096 Zone
AUDUSD: Although AUDUSD remains biased to the upside on correction, it continues to retain its broader medium term bias below the 0.7096 zone. Unless that is decisively taken our, the pair faces downside pressure. On the downside, support resides at