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FXTechstrategyTeam
Added topic USDJPY: Sees Further Upside.
USDJPY: The pair continues to extend its recovery leaving it targeting more upside in the days ahead. As long as it holds above the 96.18 level, the risk still remains higher. This leaves the threat of a return to the 99.00 level and the 100.60 level
FXTechstrategyTeam
Added topic USDCHF: Recovering With Caution.
USDCHF – Although the pair triggered a corrective recovery the past week, its broader medium term downtrend remains intact. If its present attempts on the upside fail, look for USDCHF to return to the 0.8967 level. Further down, support lies at the
FXTechstrategyTeam
Added topic EURUSD: Outlook Higher Despite Pull Back Attempts.
EURUSD: Outlook Higher Despite Pull Back Attempts. EURUSD: The pair may have closed marginally lower the past week but continues to hold on to its medium term uptrend. This suggests further upside is likely on ending its past week bear threats. Risk
FXTechstrategyTeam
Added topic USDCAD: Faces Bear Threats, Remains Vulnerable.
USDCAD: Price hesitation may have been triggered but USDCAD continues to hold on to its broader downside.Support lies at the 1.0252 level, its daily 200 ema. Ultimately, it will have to retake the 1.0181 level to trigger its medium term downside
FXTechstrategyTeam
Added topic GOLD: Weak, Remains Vulnerable.
GOLD: With the commodity unable to create a clear directional move, its preceding trend continues to dominate. Support lies at the 1,291.12 level. A violation of here will aim at the 1,250.00 level. A turn below here will turn attention to the
FXTechstrategyTeam
Added topic GBPUSD: Bullish, Remains on the offensive.
GBPUSD: A second day of rally in the new week leaves GBP targeting further upside. Resistance resides at the 1.6300 level where a violation will pave the way for a run at the 1.6350 level. Further out, resistance resides at the 1.6400 level. A cut
FXTechstrategyTeam
Added topic EURUSD: Looks To Extend Gains.
EURUSD : Having halted its weakness and turned higher the past week, more upside is likely in the new week. However, it will have to retake the 1.3415 level to trigger its broader upside towards the 1.3500 level followed by the 1.3600 level. Its
FXTechstrategyTeam
Added topic GOLD: Targets Further Upside On Rally.
GOLD: The commodity has halted its weakness rallying strongly on Wednesday and following through higher in Thursday’s trading session . If it follows through higher, we could see GOLD recapture the 1,399.79 level. A cut through here will open the
FXTechstrategyTeam
Added topic AUDUSD: Bullish Above The 0.9317 Level.
AUDUSD: Despite its corrective pullbacks, its recovery triggered from the 0.8847 level remains intact. On ending its present downside threats, it should return to the 0.9550 level with a cut through here opening the door for a run at the 0.9600
FXTechstrategyTeam
Added topic USDCHF: Risk Turns To The 0.9130 Level.
USDCHF – With the pair failing to push higher and closing lower the past week, the risk is for more downside to occur. This will aim at the 0.9130 level where a violation will aim at the 0.9050 level. Bears may come in here and turn USDCHF higher but
FXTechstrategyTeam
Added topic EURJPY: Faces Broader Upside Risk
EURJPY- With the cross bullish and closing higher the past week, we expect more gains to follow in the new week. Despite its present price hesitation, the above view remains intact. Resistance resides at the 132.74 level where a break will aim at the
FXTechstrategyTeam
Added topic USDCAD: Broader Bias Remains To The Upside
USDCAD: With USDCAD reluctant to weaken further following its Friday negative candle formation, the risk is for it to recapture the 1.0567 level. Resistance resides at the 1.0600 level, its psycho level with a breach of here opening the door for more
FXTechstrategyTeam
Added topic GOLD: Pulls Back, Backs Off Higher Prices
GOLD: Despite a back off higher prices to close marginally lower the past, GOLD continues to hold on to its broader upside bias. This leaves the commodity aiming at further upside towards the 1,450.00 level, its psycho level on ending its present
FXTechstrategyTeam
Added topic EURGBP- Pressure Aims At The 0.8400 Level.
EURGBP- Having maintained its downside pressure, EURGBP looks to recapture its psycho level at the 0.8400 level. A decisive violation of here will aim at the 0.8350 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely
FXTechstrategyTeam
Added topic EURUSD: Looks To Recapture The 13415 level
EURUSD: With EUR bullish and targeting further upside, more bullishness is expected to recapture the 1.3415 level. A break through here will set the stage for more strength towards the 1.3500 level with a break resuming its broader upside and turning
FXTechstrategyTeam
Added topic EURGBP- Under Pressure, Sees Further Bearishness.
EURGBP- Under Pressure, Sees Further Bearishness. EURGBP- With a second week of decline occurring the past week, there is risk of further weakness in the new week. Immediate support stands at the 0.8489 level where a violation will call for a run at
FXTechstrategyTeam
Added topic USDCAD: Bearish, Sets Up To Resume Weakness.
USDCAD: A re-take of the 1.0244 level is now underway following a sell off the past week. Below the mentioned level will open the door for more downside towards the 1.0200 level. A turn below here will shift risk to the downside towards the 1.0136
FXTechstrategyTeam
Added topic EURUSD: Outlook Remains Higher Despite Consolidation
EURUSD: The pair looks to end its price consolidation and eventually return above the 1.3295 level. If this occurs, further strength is expected towards the 1.3350 level. Further out, the 1.3415 level comes in as the next target where a violation
FXTechstrategyTeam
Added topic AUDUSD: Focus Remains On The 0.8997 Level.
AUDUSD: With continued bearishness seen, the risk is for more weakness towards the 0.9000/0.8997 levels to occur. A breach of here will call for a run at the 0.8900 level and possibly lower towards the 0.8850 level. Its daily RSI is bearish and
FXTechstrategyTeam
Added topic EURUSD: Halts Upside Offensive On Pullback
EURUSD: A sell off on Thursday has halted EUR’s upside offensive but does not harm its overall broader upside. It should eventually re-take the 1.3344 level on ending its correction. Above here will aim at the 1.3415 level where a violation will turn