FXTechstrategyTeam / Profile

CRUDE OIL: Having tested the 34.26 level and closed below that level on Thursday , we think CRUDE OIL faces the risk of a move lower. On the downside, support resides at the 33.00 level where a break will expose the 32.00 level. A cut through here

EURJPY : Having rallied strongly the past week, we envisage further strength to occur. However, with almost a half of that rally taken back, a correction could be developing ahead of its medium term falling trendline (red). Support comes in at the

EURUSD: With EUR taking back most of its earlier gains for the week to close marginally higher on Friday , EURUSD eyes key support at the 1.0710 level. On the downside, support is located at the 1.0750 level and if violated, expect more weakness to

GOLD: Having the commodity continued to hold on to its recovery strength, GOLD looks to build up on recovery strength above the 1100.00 zone. On the downside, support comes in at the 1110.00 level where a break will turn attention to the 1100.00

GBPUSD: With the pair reversing its Friday losses to close higher on Monday , further recovery is now envisaged in the days ahead. It must trade and hold above range to create scope for more strength. Support lies at the 1.4400 level where a break

USDCHF : Having closed further higher on a follow through on the back of its previous week strength, USDCHF looks to push higher towards 1.0327 resistance zone. On the downside, support lies at the 1.0300 level. A turn below here will open the door

USDJPY: Having halted its upside pressure to close higher on Tuesday , USDJPY looks to build up on price recovery. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn

GBPJPY: Having rallied to take back its Monday losses on Tuesday , GBPJPY looks to strengthen more on bull pressure. On the downside, support comes in at the 169.00 level where a violation will aim at the 168.00 level. A break below here will target

GBPUSD : With the pair continuing to hold on to its downside pressure, GBPUSD faces downside pressure on price failure though with caution. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support

AUDUSD : With AUDUSD remaining and vulnerable to the downside, further weakness is envisaged. On the downside, support resides at the 0.6950 level where a breach will aim at the 0.6900 level. Below that level will set the stage for a run at the

GOLD: Having remained weak and continued to trade within its range, GOLD threatens additional downside pressure on bearishness. On the downside, support comes in at the 1090.00 level where a break will turn attention to the 1080.00 level. Further

GBPUSD : Having continued maintain its long term bearishness, GBPUSD targets further downside pressure. 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. Below here

GOLD: Having reversed part of its previous week gains to close lower, remains vulnerable below the 1104.49 zone. On the downside, support comes in at the 1070.00 level where a break will turn attention to the 1060.00 level. Further down, a cut

EURUSD : Having remained weak and vulnerable to the downside, EURUSD faces more downside pressure below key resistance. Support lies at the 1.0800 level. Further down, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A

EURUSD : With Having trade flat (weekly chart) the past week on price reversal, EURUSD remains vulnerable below falling trendline. However, we may see price hesitation initially. On the down, support is located at the 1.0850 level and if violated

CRUDE OIL: With downside pressure extended on Wednesday , CRUDE OIL faces continued downside pressure. On the downside, support resides at the 28.00 level where a break will expose the 27.00 level. A cut through here will set the stage for a run at

USDJPY: Having followed through higher on the back of its Thursday gains on Friday , further bullishness is expected. On the downside, support comes in at the 117.50 level where a break if seen will aim at the 117.00 level. A cut through here will

USDCHF : Having rallied further the past week, USDCHF looks for more price strength in the new week. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level and then the

GBPJPY: Having extended its broader medium term downtrend on Wednesday , GBPJPY eyes more medium term downside weakness. On the downside, support comes in at the 164.00 level where a violation will aim at the 163.00 level. A break below here will

GBPUSD : Having sold off during early trading today, GBPUSD looks to recapture the 1.4400 zone. While the 14603 level caps any recovery, our bias remains lower. Support lies at the 1.4400 level where a break will turn attention to the 1.4350 level