FXTechstrategyTeam / Profile

GBPUSD : GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn

GBPUSD: GBP continues to face downside pressure taking back its Monday gains to close lower on Tuesday . With more weakness underway, it could see further decline towards its key support located at 1.5199 level. On the downside, immediate support

EURUSD: With pair weakening strongly following its sell off through the 1.1016/17 levels on Wednesday , further downside pressure is envisaged. While EUR holds below the mentioned broken support, we look for weakness the 1.0850 level where a

EURJPY: The cross was seen returning to upside towards its broken support turned resistance level at the 133.14/43 zone during early Friday trading today. This is coming on the back of its price rejection on Thursday triggered from the 131.58 level

AUDUSD: The pair weakened on Tuesday and was seen weakening further during early trading on Wednesday . On the downside, support comes in at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for a run

USDCAD: USDCAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday . This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level

GBPUSD : GBP has revered its Tuesday losses and looks to resume its short term uptrend. On continued upside offensive it should target its nearby resistance at the 1.5400 level. On the upside, resistance resides at the 1.5450 level. Further out

GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday , further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more

AUDUSD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session . This suggests on continued trading below the mentioned support, further bear threats cannot be ruled out. On the downside, support

USDJPY: USDJPY lost its downside momentum to close higher on a long-tailed candle on Thursday . This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the way for more strength build up towards the 120.00

EURUSD : Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level

USDJPY : With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn

AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at

USDCHF : The pair strengthened the past week taking back its three-week losses to close higher. This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run

EURUSD : A large sell-off the past week now left EUR testing its key support located at the 1.1016 level. However, this level should provide a temporary support causing a corrective recovery. But if violated, expect more weakness to occur towards the

USDCAD: USDCAD sold off strongly on Wednesday leaving risk of further decline on the cards. With that said, we look for more weakness to occur in the days ahead. On the downside, support lies at the 1.3250 level followed by the 1.3200 level. Further

EURUSD : Having EUR taken back almost all of its past week gains to close slightly lower, risk of a follow through to the downside is now developing. While the 1.1295/80 zone holds as overhead resistance, we look for weakness to occur. Support lies

USDCHF: The pair failed to follow through higher on the back of its previous week strength to close lower on Friday . This leaves risk of more weakness on the cards in the new week. On the downside, support comes in at the 0.9644 level. A turn below

GBPJPY : The cross may remain weak and vulnerable to the downside but could head higher while holding above the 180.22/33 support area. Bull pressure is envisaged above that zone. On the downside, support comes in at the 181.00 level where a