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FXTechstrategyTeam
Added topic GOLD Remains Vulnerable, Sets Up To Resume Short Term Weakness
GOLD: GOLD remains vulnerable to the downside and looks to trigger more weakness although hesitating on Tuesday . On the downside, support comes in at the 1,110.00 level where a break will aim at the 1,100.00 level. A cut through here will open the
FXTechstrategyTeam
Added topic GBPJPY Loses Upside Steam, Bear Pressure Develops
GBPJPY: With the cross seeing weakness following a rejection candle print on Wednesday, further bearish momentum threat is envisaged. On the upside, resistance resides at 185.00 level with breach targeting further strength towards the 186.00 level. A
FXTechstrategyTeam
Added topic USDJPY Builds Up On Bullish Offensive
USDJPY: With earlier gains taken back and a bull pressure now seen, a move further higher towards the 122.00 level could occur. On the upside, resistance resides at the 122.00 level with a turn above here aiming at the 122.50 level. A break will
FXTechstrategyTeam
Added topic EURUSD: Bull Pressure Turns Risk Towards 1.1331 Level
EURUSD: EUR looks to strengthen further following a strong bullish offensive during Thursday trading session . A follow-through higher on that gain is expected to create scope for more recovery with eyes on its key resistance at 1.1331 level
FXTechstrategyTeam
Added topic USDCAD: Consolidates Below Key Resistance Zone.
USDCAD: USDCAD remains in a consolidation mode having continued to trade in a range below its key resistance zone at 1.3352. A break either way must occur to trigger directional moves. Resistance resides at the 1.3300 level where a break will target
FXTechstrategyTeam
Added topic EURGBP Rejects Lower Prices, Holds Recovery Tone
EURGBP: With the cross printing a rejection candle on Thursday to close higher though marginally, it faces the risk of further upside pressure. On the upside, resistance lies at the 0.7350 level where a violation if seen will turn risk towards the
FXTechstrategyTeam
Added topic USDCHF: Loses Upside Momentum, Risk Points Lower
USDCHF: The pair printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.9600 level. A turn below here will open
FXTechstrategyTeam
Added topic GOLD: Key Support Eyed On Bear Pressure
GOLD: The commodity continues to maintain its downside pressure as it weakened further the past week. However, a rejection candle print on Friday seen on the daily chart may present a platform to launch a recovery. On the downside, support comes in
FXTechstrategyTeam
Added topic USDJPY: Resistance Looks To Cap Further Strength
USDJPY: The pair took back some of its previous week losses at the end of the week leaving risk to the upside. However, with price failure seen ahead of its key overhead resistance zone at 121.73/63 zone, we may see USDJPY weaken in the new week. On
FXTechstrategyTeam
Added topic EURGBP Closes In On Key Resistance At 0.7421 Level
EURGBP: With the cross extending its bullish offensive on Tuesday , it faces the risk of a move further higher towards its Aug 2015 high at the 0.7421 level. On the upside, resistance lies at the 0.7450 level where a violation if seen will turn risk
FXTechstrategyTeam
Added topic EURJPY: Broader Risk Points To The Downside
EURJPY: The pair resumed its short term weakness on Tuesday leaving risk of further weakness on the cards. This view remains valid while the cross trades and holds below the 136.60 level. Support comes in at the 134.50 level where a break will aim at
FXTechstrategyTeam
Added topic GOLD: Halts Recovery, Vulnerable Below 1,147/50 Zone
GOLD: GOLD looks to has capped its recovery strength at 1,147.87 level following the formation of a rejection candle on Tuesday . This price action suggests bear pressure could be developing. On the downside, support comes in at the 1,120.00 level
FXTechstrategyTeam
Added topic GBPJPY Bounces Higher, Threatens Further Bull Pressure
GBPJPY: GBPJPY turned higher on Wednesday taking back some its losses and opening the door for more strength. On the downside, support comes in at the 183.00 level where a violation will aim at the 182.00 level. A break below here will target the
FXTechstrategyTeam
Added topic GBPUSD: Susceptible To The Downside But With Caution
GBPUSD: The pair may have hesitated on Wednesday but continues to hold on to its downside pressure. This price action leaves risk of a move lower on the cards though with caution as we may see a temporary halt in weakness. On the downside, support
FXTechstrategyTeam
Added topic EURUSD: Bearish Momentum Turns Risk To Key Support.
EURUSD: EUR took further losses on Thursday for a second day in a row This development leaves risk of more weakness towards its key support located at the 1.1016 level, its Aug 18 2015 low. Support lies at the 1.1100 level where a violation will aim
FXTechstrategyTeam
Added topic EURCAD Faces Downside Pressure Below The 1.5560 Level
EURCAD: Although EURCAD closed almost flat the past week, it still faces further weakness while holding below its major resistance located at the 1.5560 level. Support comes in at 1.4700 level with a cut through here opening the door for more
FXTechstrategyTeam
Added topic AUDUSD Sees Huge Sell Off, Retains Bearish Tone
AUDUSD: With AUDUSD selling off at the end of the week to follow through lower on the back of its previous week losses, more bear pressure is envisaged. On the downside, support resides at the 0.6800 level where a breach will aim at the 0.6750 level
FXTechstrategyTeam
Added topic NZDUSD Follows Through Lower, Targets Further Weakness
NZDUSD: With the pair following through lower on the back of its previous week losses the past week, it now faces further downside pressure. On the other hand, we may see some form of corrective recovery if it can trade and hold above its key support
FXTechstrategyTeam
Added topic EURGBP Pushes Higher On Further Bull Pressure
EURGBP- With the cross strengthening further the past week, it looks to move further higher towards its key resistance seen at 0.7421 level. On the upside, resistance lies at the 0.7450 level where a violation if seen will turn risk towards the
FXTechstrategyTeam
Added topic EURUSD Remains Vulnerable To The Downside But With Caution
EURUSD: EUR may have closed marginally lower the past week but continues to hold on to its downside pressure. However, note that a consolidation with a recovery higher may occur as long as the 1.1016 level remains as support. Support lies at the