FXTechstrategyTeam / Profile

EURUSD: Maintains Upside Offensive EURUSD: Having rallied to close above the 1.1390 level the past week, risk of further upside is likely in the new week. However, you should keep your eyes on the 1.1449 and the 1.1533 zone where strong resistance

GOLD: Bullish, Pressures Further Upside. GOLD: With GOLD continuing to hold on to its upside offensive, it looks to strengthen further in the new week. However, it now trades within its resistance levels . Support comes in at the 1,210.00 level where

EURUSD: Remains Weak And Vulnerable EURUSD: With EUR seen weakening for a second day in a row, further bearishness is envisaged in the days ahead. Support lies at the 1.1150 level where a breach will aim at the 1.1100 level. Below here if seen will

GBPJPY: Reverses Losses, Eyes Further Upside GBPJPY: With GBPJPY reversing its one-day corrective weakness, it now faces further upside risk in the days ahead. This development leaves the threat of a move higher in the days ahead. On the downside

EURJPY: Builds Up On Strength EURJPY- Having closed higher on Wednesday and followed through on Thursday, further strength is envisaged. This development should see the cross target the 135.57 level initially. On the other hand, resistance lies at

USDCHF: Reverses Losses, Targets Further Upside USDCHF: With the pair closing higher for the week, further bullish is likely. Resistance resides at the 0.9500 level with a breach targeting the 0.9600 level. A breather may occur here and turn the pair

EURUSD: Reverses Gain, Eyes More Weakness EURUSD: With EUR reversing its previous week gains to lower on a sell, further weakness is envisaged. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards

USDJPY: Bullish, Extends Strength USDJPY: With the pair bullish and extending it during Tuesday trading session , it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye on that level. On

GBPUSD: Sees Weakness, Eyes Key Support GBPUSD: With the pair weakening further on Tuesday , further bearishness is envisaged possibly towards the 1.5290 level. On the downside, immediate support lies at the 1.5300 level where a break if seen will

EURUSD: Closes Flat With Eyes On The Upside EURUSD: With EUR closing flat the past week, it faces the risk of a move higher in the new week. Resistance is seen at the 1.1050 level with a cut through here opening the door for more upside towards the

USDCHF: Sells Off On Loss Of Upside Momentum USDCHF: Having USDCHF declined strongly the past week, it could extend that weakness in the new week. On the downside, support comes in at the 0.9250 level. A turn below here will open the door for more

EURUSD: Bullish With Caution EURUSD: Although EUR may be biased to the upside on the weekly chart, its price action on the daily chart is suggestive of a move lower on correction. This development leaves risk lower in the new week. Resistance is seen

USDJPY: Retains Broader Upside Bias USDJPY: Unless the pair retains below the 118.48/32 support zone, it continues to retain its broader upside bias in the medium term. On the upside, resistance resides at the 120.83 level with a turn above here

EURJPY: Weakens, Eyes Further Downside EURJPY- Having triggered a corrective pullback, further weakness is envisaged. This is coming on the back of price pullbacks on the lower level charts on Friday and a long tailed candle formation. Resistance

EURJPY: Reverses Higher, Eyes The Further 135.27 Level. EURJPY- Having taken back its intra day losses to close higher on Tuesday , risk of further move higher is now envisaged. Resistance lies at the 135.00 level. Further out, resistance resides at

AUDUSD: Vulnerable Below The 0.8000/74 Zone AUDUSD: With the pair facing price hesitation ahead of its key resistance at the 0.8000/0.8074 zone, it could turn lower if that zone continues to hold. On the downside, support resides at the 0.7900 level

EURUSD: Vulnerable On Corrective Threats EURUSD: Having capped its strength at the 1.1390 level to close marginally lower the past week, corrective pullback threats are building up. Resistance is seen at the 1.1300 level with a cut through here

CRUDE OIL: Vulnerable On Loss Of Momentum CRUDE OIL: Having Crude Oil rejected higher prices on negative candle formation the past week, it now looks to weaken on correction in the new week. On the upside, resistance resides at the 60.00 level where

EURUSD: Bearish Below The 1.0848 Level EURUSD: While the 1.0848/86 zone remains as resistance our outlook on EUR remains to the downside. Resistance is seen at 1.0800 level with a cut through here opening the door for more downside towards the

GOLD Maintains Bearish Bias, Eyes Key Support GOLD: With GOLD selling off sharply on Wednesday , further bearishness is expected though presently seen hesitating. Support comes in at the 1,178.39.00 level where a break will aim at the 1,165.00 level