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FXTechstrategyTeam
Added topic EURUSD: Pressure Builds On The 1.3831 Level.
EURUSD: EUR looks to extend its bullishness in the new week having continued to hold on to its medium term uptrend. Further out, resistance resides at the 1.3831 level where a break will aim at the 1.3900 level. Price hesitation may occur here but if
FXTechstrategyTeam
Added topic GOLD: Vulnerable, Maintains Broader Downside.
GOLD: Although closing marginally lower the past week, GOLD continues to retain its downside bias. Immediate support lies at the 1,211.65 level. A cut through here will aim at the 1,200.00 level with a turn below here calling for a retake of the
FXTechstrategyTeam
Added topic EURUSD: Outlook Higher Medium Term.
EURUSD: With EUR’s broader bias remaining to the upside in the medium, further gains is likely in the days ahead. Resistance resides at the 1.3831 level. A cut through here will expose the 1.3850 level. Further out, resistance is seen at the 1.3900
FXTechstrategyTeam
Added topic AUDUSD: Faces Further Bearishness.
AUDUSD: Having continued to weaken, we see risk of further downside towards the 0.9000 level where a break will target further downside towards the 0.8950 level. Further down, support stands at the 0.8900 level. Its daily RSI is bearish and pointing
FXTechstrategyTeam
Added topic USDCAD: Bullish, Targets Further Upside.
USDCAD: With USDCAD retaining its bullish bias, further strength is envisaged. This development leaves the pair targeting the 1.0608 level with a break paving the way for a run at the 1.0650 level. If USDCAD pushes through here, the 1.0700 level will
FXTechstrategyTeam
Added topic USDCHF: Remains Bearish Despite Marginal Lower Close.
USDCHF – Although closing marginally lower the past week, its broader downside bias remains intact. The risk is for a retake of the 0.9000 level to occur. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down
FXTechstrategyTeam
Added topic EURUSD: Bullish, Builds On Further Strength
EURUSD: With continued bullish tone still intact., further upside could follow in the new week. However, it will have to take out the 1.3600 level to prevent a return to the 1.3295 level. Further out, resistance resides at the 1.3650 level where a
FXTechstrategyTeam
Added topic EURUSD: Follows Through Higher.
EURUSD: With a second week of upside seen, further upside could follow in the new week. However, it will have to take out the 1.3547 level to prevent a return to the 1.3295 level. Further out, resistance resides at the 1.3650 level where a break will
FXTechstrategyTeam
Added topic USDJPY: Bullish, Sees Further Strength
USDJPY: With continued bullishness seen during Monday trading session , further upside offensive is likely in the days ahead. Further out, resistance resides at the 102.50 level. A breach of here will aim at the 103.00 level followed by the 103.73
FXTechstrategyTeam
Added topic EURUSD: Maintains Its Upside Bias
EURUSD: With EUR continuing to hold on to its upside bias, a retake of the 1.3579 level is a likely scenario. This if seen will extend gains towards the 1.3600 level and then the 1.3650 level. Above here will expose the 1.3738 level. Its daily RSI is
FXTechstrategyTeam
Added topic GBPUSD: Sets Up For More Upside
GBPUSD: Having closed higher for a second week in a row the past week, further upside is likely. This development leaves GBP targeting the 1.66200 level where a violation will aim at the 1.6259 level. A beach of here will resume its broader upside
FXTechstrategyTeam
Added topic CRUDE OIL: Set To Weaken Further
CRUDE OIL: Crude Oil continues to hold on to its broader downside bias as it looks to weaken further towards the 92.51 level. This leaves the risk of a return to the 92.00 level on the cards. A breach of here will turn attention to the 91.00 level
FXTechstrategyTeam
Added topic EURJPY: Maintains Medium Term Uptrend Despite Pullback Threats
EURJPY- Despite its mild price pullback, its broader medium term upside bias remains intact. However, the pair will have to retake the 135.49 level to trigger its broader medium term uptrend now on hold. Further out, resistance resides at the 136.50
FXTechstrategyTeam
Added topic USDJPY: Maintains Short Term Uptrend.
USDJPY: We continue to hold our upside bias on USDJPY despite its price hesitation risk. On ending its present pullback, it should retake the 100.60 level. A violation of here will aim at the 101.52 level. Further out, resistance resides at the
FXTechstrategyTeam
Added topic USDCHF: Weakens For Two Weeks In A Row.
USDCHF – With a second week of decline occurring the past week, there is risk of a return to the 0.9000 level. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down, support lies at the 0.8750 level followed by
FXTechstrategyTeam
Added topic EURJPY: Broader Bias Remains Higher.
EURJPY- Broader bias continues to point higher suggesting further upside is likely as EURJPY is seen strengthening. Resistance resides at the 135.00 level. However, the pair will have to retake the 135.49 level to trigger its broader medium term
FXTechstrategyTeam
Added topic GOLD: Remains Biased To The Downside.
GOLD: Though closing flat the past week, its broader medium term downtrend remains intact. Below its declining trendline leaves our bias to the downside with eyes on the 1,251.56 level. A breach will aim at the 1,215.00 level. Further down, support
FXTechstrategyTeam
Added topic GOLD: Weakens, Targets Further Downside.
GOLD: With GOLD maintaining a bearish tone for a second week in row, further downside is likely. Support comes in at the 1,251.56 level where a breach will aim at the 1,215.00 level. Further down, support resides at the 1,180.00 level with a turn
FXTechstrategyTeam
Added topic AUDUSD: Further Weakness Envisaged.
AUDUSD: With a third week of decline occurring the past week and a follow through seen on Monday and during Tuesday trading session, further bearishness cannot be ruled out. This development leaves the pair targeting further downside towards the
FXTechstrategyTeam
Added topic EURJPY: Bullish, Targets Further Upside.
EURJPY- With continued bullishness seen, a recapture of the 135.49 level is envisaged. Further out, resistance resides at the 136.50 level followed by the 137.00 level. A break of here will pave the way for a run at the 137.50 level with a push