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FXTechstrategyTeam
Added topic EURUSD: Hesitates Above Its Key Support
EURUSD: Although EUR may be struggling above its rising trendline, its broader upside bias remains intact in the medium term. However, it will have to retake the 1.3739 level, its Jan 24 2014 high to trigger further upside pressure towards the 1.3818
FXTechstrategyTeam
Added topic AUDUSD: Bearish, Deeper Weakness Triggered
AUDUSD: With a third day of downside pressure seeing AUDUSD breaking through its key support at the 0.8822 level, further weakness is envisaged. Support lies at 0.8750 level, its psycho level where bulls may come in. However, if that level fails to
FXTechstrategyTeam
Added topic EURJPY: Faces Further Corrective Pullback Threats.
EURJPY- The cross turned lower the past week following a back off higher level prices and declined further during Monday trading session . This development leaves it weak and vulnerable to the downside with eyes on the 141.49 level where a breach
FXTechstrategyTeam
Added topic CRUDE OIL: Continued Bearishness Exposes The 92.10 Level.
CRUDE OIL: The commodity continues to sell off declining further today on the back of the past week losses. This development has exposed its immediate support located at the 93.00 level where a violation will turn focus to the 92.10 level, its Dec
FXTechstrategyTeam
Added topic EURUSD: Bearish, Sells Off On Loss Of Upside Momentum
EURUSD: With EUR reversing its previous week gains to close lower on sell off, there is risk of continued weakness in the new week. While the pair holds below the 1.3624 level, further decline cannot be avoided. Further down, support stands at the
FXTechstrategyTeam
Added topic GOLD: Bearish, Broader Bias Remains Lower.
GOLD: With GOLD’s recovery now in trouble following a lower close on Monday , a return to the 1,187.17 level is expected. Further down, support comes in at the 1,150.00 level with a violation of here shifting attention to the 1,100.00 level. A turn
FXTechstrategyTeam
Added topic USDJPY: Bullish, Risk Builds On The 104.62 Level.
USDJPY: With USDJPY halting its one-day pullback and closing higher for a second day in a row on Tuesday , a build on strength is expected on market resumption. In such a case, the 104.62 level. A violation of here will aim at the 105. towards the
FXTechstrategyTeam
Added topic GBPUSD: Bullish With Eyes On The 1.6483 Level.
GBPUSD: With continued upside risk seen, GBP looks to eventually retake the 1.6483 level, representing its Dec 2013 high. As long as it trades and holds above the 1.6259 level, its broader bias remains higher in the medium term. Resistance resides at
FXTechstrategyTeam
Added topic USDCHF: Sells Off, Pressure Builds On The 0.8831 Level.
USDCHF: With USDCHF selling off strongly during Friday’s trading session , the risk is for continued weakness to occur towards the 0.8831/00 levels. Bulls may come in here and turn the pair higher but if that level is broken anticipate further
FXTechstrategyTeam
Added topic EURUSD: Broader Bias Remains To The Upside.
EURUSD: EUR continues to maintain its broader medium term uptrend following a higher close the past week. Though backing off higher prices and closing below the 1.3831 level, the mentioned uptrend remains intact. However, the challenge is for the
FXTechstrategyTeam
Added topic USDCAD: Outlook Remains Higher, Eyes The 1.0736/50 Levels.
USDCAD: With USDCAD holding on its broader uptrend, it now requires a break and hold above the 1.0736 level. A cut through here will pave the way for a run at the 1.0800 level where a violation will turn attention to the 1.0850 level and then the
FXTechstrategyTeam
Added topic US Dollar Index: Weakens, Looks To Retake The 79.68 Level.
US Dollar Index: With the Index bearish and threatening further downside, there risk of continued weakness in the days ahead. This development leaves it targeting the 79.68 level, its Dec 27 2013 low where a decisive violation will resume its medium
FXTechstrategyTeam
Added topic AUDUSD: Bullish, Resumes Corrective Recovery.
AUDUSD: With AUDUSD rallying through the 0.8957 level, its Dec 23 2013 high to resume its corrective recovery, there is risk of continued upside in the days ahead. This development leaves further bull pressure towards the 0.9050 level, its psycho
FXTechstrategyTeam
Added topic US Dollar Index: Recovers, Tests Trendline Resistance
US Dollar Index: With the Index bullish and threatening further upside, more strength is expected. However, it will have to break and hold above its declining trendline currently at the 80.61 level to trigger further strength. This if seen will
FXTechstrategyTeam
Added topic USDJPY: Retains Its Bullish Offensive Bias.
USDJPY: With the pair bullish and threatening further upside, more gains are likely in the days ahead. Resistance resides at the 105.00 level. Above here will resume its broader upside towards the 105.50 level. Further out, resistance resides at the
FXTechstrategyTeam
Added topic USDCHF: Broader Bias Remains Lower
USDCHF: With continued sell off occurring on Thursday , further downside is likely towards the 0.8900 level. A cut through here will aim at the 0.8850 level. Bulls may come in here turn it higher but if that level is broken expect further decline to
FXTechstrategyTeam
Added topic USDCHF: Bearish, Sees Further Bearishness
USDCHF: With USDCHF slightly holding below the 0.8889 level, further weakness is envisaged possibly towards the 0.8800 level. Bulls may come in here and turn it higher but if that level is broken expect further decline to occur towards the 0.8750
FXTechstrategyTeam
Added topic CRUDE OIL: Loses Upside Steam, Vulnerable
CRUDE OIL: With the commodity bearish following a reversal of its Tuesday gains to close lower on Wednesday , further weakness cannot be ruled. Support comes in at 95.63 level where a breach will bring further downside towards the 94.00 level
FXTechstrategyTeam
Added topic USDJPY: Bullish, Eyes Further Upside.
USDJPY: The pair remains on its medium term offensive as it looks to extend that gain. Resistance resides at the 103.91 level where a violation will aim the 104.50 level. Above here will resume its broader upside towards the 105.00 level. Further
FXTechstrategyTeam
Added topic USDCHF: Bearish, Broader Bias Remains Lower
USDCHF: With USDCHF continuing to weaken and threatening further downside, further decline is expected in the new week. Support comes in at the 0.8800 level. Bulls may come in here and turn it higher but if that level is broken anticipate further