FXTechstrategyTeam / Profile

EURUSD: EURUSD consolidates with corrective risk following a halt in its broader weakness on Wednesday. This is coming on the back of its long-tailed candle formation at the end of Wednesday trading session . This development suggests a temporary

USDCAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USDCAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued price failure. Its key resistance standing at the

EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially

EURJPY: With EURJPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the

GOLD: GOLD looks to weaken on bearishness following its the past week losses. While the 1088/98 zone remains unbroken, its broader bias remains lower. On the downside, support comes in at the 1070.00 level where a break will turn attention to the

EURUSD: Having rejected lower prices to close flat on Monday , EURUSD corrective recovery risk is now expected. This is coming on the back of the pair’s past week losses. We expect a recovery higher to build up in the days ahead. On the downside

USDJPY: Having taken back all of its intra day gains to close flat on Monday and triggering a corrective weakness on Tuesday, USDJPY remains weak and vulnerable on pullback in the days ahead. On the downside, support comes in at the 122.00 level

EURJPY: The cross turned sharply higher during Monday trading session leaving risk of more strength on the cards. EURJPY continues to hold above its key support at the 131.45 zone. On continued bull pressure it should move towards the 132.61 level

USDJPY: With the pair remaining on the offensive following its Monday rally, further strength is envisaged. This price development leaves further bull pressure targeting the 123.59 and beyond. On the downside, support comes in at the 122.50 level

GBPJPY: The cross is closing in on its key resistance at the 187.68/00 levels after closing strongly higher on Monday . This upside view is consistent with its short term recovery triggered off the 184.26 level on Nov 06 2015. On the downside

EURUSD: With EUR extending its weakness to close and hold below the 1.0673 level on Tuesday , further downside pressure is envisaged. This will leave its key support located at 1.0519 level as its main target. However, it could be looking for a

AUDUSD: Although maintaining its broader medium term downtrend, AUDUSD faces risk of further recovery higher after it followed through on the back of reversal of its intraday losses on Wednesday . This price action has opened up risk on the upside

USDJPY: Having started a strong corrective weakness on Thursday, the pair is now looking for more declines. This is coming on the back of a loss of upside momentum off the 123.63 high. On the downside, support comes in at the 122.50 level where a

USDCHF: With USDCHF triggering a correction on Thursday , it looks to extend that weakness further. While its resistance at the 1.0201/19 zone caps, it looks to break below the 1.0100 level. On the downside, support lies at the 1.0100 level. A turn

EURJPY: The cross saw downside pressure on Tuesday though taking back some of those gains. It still remains weak and vulnerable to the downside. We continue to look for more weakness. Support comes in at the 131.50 level. Further down, support stands

AUDUSD: With the pair rallying strongly during early trading on Thursday , further upside offensive is envisaged. This development suggests a temporary bottom is now in place. This should see more strength build up with eyes on the 0.7200 zone. On

USDCAD: The pair reversed its intra day losses to trigger its trend resumption during Thursday trading session . This price action now leaves USDCAD targeting more bullish offensive towards the 1.3350 level. A break of here will open the door for

GBPJPY: The cross could be headed lower after failing to break and hold above its resistance at the 187.68 level. This development left the cross printing a rejection candle suggesting further bear pressure. On the downside, support comes in at the

EURUSD: With EUR struggling to close marginally higher the past week, risk of a recovery higher is not over yet. This development leaves the 1.0673 zone providing support and leaving threats to the upside. Support comes in at the 1.0700 level but if

GOLD: The commodity may have closed lower the past week, but faces a recovery risk in the new week. While it holds above the 1069.46 level, a recovery higher is expected. On the downside, support comes in at the 1075.00 level where a break will turn