FXTechstrategyTeam / Profile

GOLD: With GOLD remaining weak and vulnerable, it now looks to recapture the 1,321.71 level. A turn below here will pave the way for a run at the 1,300.00 level where a breach will set the stage for a run at the 1,270.00 level. Its weekly RSI is

EURJPY- With the cross halting its decline on Friday and following through higher during Monday trading today, there is risk of continued upside recovery. This should open the door for more strength towards the 131.40 level, its Jun 05’2013 high

EURUSD : With EUR holding above the 1.3242 level, we expect the pair to extend further strength towards the 1.3318 level. A break will target the 1.3400 level followed by the 1.3450 level. Its daily RSI is bullish and pointing higher supporting this

GBPUSD : Our call for more upside offensive is underway as we look for GBP to take out the 1.5683 level and trigger further gains. This will pave the way for a run at the 1.5750 level followed by the 1.5800 level. Its daily RSI is bullish and

USDCHF – Having closed lower for a third consecutive week, there is risk of further weakness in the new week. The immediate challenge is for USDCHF to overcome its support located at the 0.9225/05 levels. Further down, support stands at the 0.9150

EURUSD : While the pair is bullish in the short term, it will have to decisively break and hold above the 1.3242 level to create scope for more. A cut through this level will resume its medium term uptrend and call for more strength towards the

GBPUSD: With a follow through higher on its corrective recovery seen on Monday , further upside offensive cannot be ruled out. Resistance resides at the 1.5400 level where a violation will call for a run at the 1.5457 level. Further out, the 1.5500

AUDUSD: The pair has ended its correction following a reversal of its gains on Tuesday and a follow though on Tuesday. This development leaves AUDUSD threatening g further declines towards the 0.9527/00 level. A break will target the 0.9450 level

GBPUSD : With the pair halting its recovery, further decline and its downtrend resumption is now envisaged. Support resides at the 1.5013/00 levels. Further down, support comes in at the 1.4950 level where a break will target the 1.4900 level and

EURUSD: While EUR faces a recovery prospect following its current rally and reversal of its Tuesday weakness, its broader downside bias is still intact. It will have to follow through higher on the mentioned strength towards the 1.2997 level or it

EURJPY - We are looking for EURJPY to eventually recapture the 133.81 level on ending its consolidation. This if seen will resume its broader medium term. As long as it holds and trades above its medium term rising trendline presently at the 126.51

AUDUSD: With AUDUSD seen reversing its recovery attempts on Thursday , there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other supports are located at the 0.9450 level and the 0.9400

USDCHF – Having backed off higher prices to close lower the past week, there is risk of further declines in the new week. Despite this it continues to hold on to its broader upside bias suggesting the mentioned weakness is corrective. On ending it

EURUSD: The pair pulled back the past week but continues to hold on to its broader downside bias triggered from the 1.3710 level. It should retarget the 1.2800 level on ending its recovery attempts. Further down, support comes in at the 1.2750/35

GOLD: Our broader outlook on GOLD continues to point lower despite its recovery attempts the past week. We are looking for price failure to occur and turn it back down towards the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and

USDCAD : With a third week of bullishness occurring the past week, the risk of an eventual return to the 1.0392 level is expected on ending its consolidation. A break and hold above here will create scope for a run at the 1.0450 level. Further out

GBPJPY – With GBPJPY continuing to hold on to its broader upside, we look for it to strengthen further in the days ahead. This will leave it targeting the 157.00 level where a violation will aim at the 159.00 level and then the 163.05 level. Its

GOLD: The commodity turned off its intra-day low at 1,338 level to close higher on Monday but continues to maintain its broader downside bias. This suggests on ending the mentioned recovery it should retarget the 1,338/21 levels. Below here if seen

AUDUSD : Having continued to weaken, the risk is for more decline to occur towards the 0.9700 level. Further downside, the 0.9600 level comes in as the next downside followed by the 0.9500 level. Its daily RSI is bearish and pointing lower supporting

GOLD: Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350