FXTechstrategy

FXTechstrategy

EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the...

FXTechstrategy

USDCHF faces risk of further move higher following a positive close the past week. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline...

FXTechstrategy

GBPUSD faces risk of more weakness nearer term following its second day of losses on Thursday. Support lies at 1.3050 area with a break below that level turning focus to the 1.3000 level. Further down, support comes in the 1.2950 level where a violation will shift focus to the 1.2900 level. Below here will open the door towards the 1.2850 level. On the upside,...

FXTechstrategy

USDCHF faces risk of further recovery higher after backing off lower prices on Thursday and Friday. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support...

FXTechstrategy

USDCHF faces further recovery threats as it looks to extend bull pressure. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. Its daily RSI is bullish and pointing higher suggesting are strength. On the downside, support is located at the 0.9650...

FXTechstrategy

EURUSD with the pair continuing to retain its downside pressure, more decline is expected. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening...

FXTechstrategy

EURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level. On the upside, resistance comes in at the 122.00 level....

FXTechstrategy

USDCHF may be consolidating but faces risk of a move further lower. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. Its weakly RSI is bearish and pointing lower suggesting further weakness. On the downside, support is located at the 0.9850...

FXTechstrategy

GBPUSD with the pair remaining biased to the upside more strength is expected in the days ahead. Support lies at 1.3100 area with a break below that level turning focus to the 1.3050 level. Further down, support comes in the 1.3000 level where a violation will shift focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside,...

FXTechstrategy

AUDUSD threatens further downside pressure as it looks to weaken further lower in the days ahead. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6650 level. A violation will set the stage for a retarget of the 0.6600 level. Conversely, resistance lies at the 0.6850 level where a breach...

FXTechstrategy

USDCHF with the pair retaining its short term uptrend, more strength is expected. Resistance comes in at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. Its daily RSI is bullish and ,pointing higher suggesting further strength. On the downside, support is located at...

FXTechstrategy

NZDUSD the pair closed further higher on Monday leaving risk of more strength in the days ahead. Support lies at the 0.6400 level where a break will turn attention to the 0.6350 level. A break of here will have to happen to create scope for a move higher towards the 0.6300 level. Further out, resistance resides at the 0.6250 level. Conversely, resistance stands...

FXTechstrategy

AUDUSD threatens further upside pressure following its price reversal on Friday. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6700 level. A violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the...

FXTechstrategy

EURJPY faces further downside pressure as it continues to retain corrective pullback threats. On the downside, support comes in at the 119.50 level where a break if seen will aim at the 119.00 level. A cut through here will turn focus to the 118.50 level and possibly lower towards the 118.00 level. On the upside, resistance resides at the 120.50 level. Further...

FXTechstrategy

GOLD faces risk of more weakness in the days ahead as it retains its downside pressure. On the downside, support sits at the 1,340.00 level where a break will turn focus to the 1,430.00 level. Further down, a cut through here will open the door for a move decline towards the 1,420.00 level. Below here if it occurs will trigger further downside pressure aiming at...

FXTechstrategy

USDCAD remains biased to the upside on further recovery pressure in the short term. Support lies at the 1.3150 level where a break will aim at the 1.3100 level. Further down, support comes in at the 1.3050 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3200 level...

FXTechstrategy

EURUSD with the pair reversing its upside pressure to close lower the past week, more decline is expected in the days ahead. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1000 level...

FXTechstrategy

USDCHF remains on the offensive with eyes on 1.0027 resistance zone. Resistance comes in at the 1.0050 level. Above here, resistance lies at the 1.0100 level and then the 1.0150 level. Further out, resistance stands at the 1.0200 level. On the downside, support comes in at the 0.9950 level with a turn below here opening the door for a move towards the 0.9800...