FXTechstrategy

FXTechstrategy

USDCHF retains broader upside bias with eyes is key resistance located at 1.0094. Further out, resistance resides at the 1.0150 level where a breach will clear the way for more strength to develop towards the 1.0200 level. Above here, resistance comes in at the 1.0250 level followed by the 1.0300 level. On the downside, support lies at the 1.0000 level. A turn...

FXTechstrategy

GBPUSD upside momentum halted during Thursday trading session and now looks to weaken further. That leaves immediate support at 1.3050 level. Further down, support comes in at the 1.3000 level where a break will turn focus to the 1.2950 level. Further down, support comes in at the 1.2900 level. Below here will set the stage for more weakness towards the 1.2850...

FXTechstrategy

EURUSD sees strong rally with eyes on the 1.1549 zone. This is a build up on its recent bullish recovery. Support lies at the 1.1450. A violation will aim at the 1.1400 level. A turn below here will target the 1.1350 level. Further down, support lies at the 1.1300. On the upside, resistance resides at 1.1550 level with a break through there opening the door for...

FXTechstrategy

NZDUSD recovers higher towards 0.6698 resistance zone as the pair holds on to its upside pressure. Resistance comes in at the 0.6700 level where a break will turn focus to the 0.6750 level. A break of here will have to happen to open the door for a move towards the 0.6800 level. Further out, resistance stands at the 0.6850 level. On the downside, support lies at...

FXTechstrategy

USDCHF bullish risk builds up towards key resistance located at 1.0052 zone. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance comes in at the 1.0200 level. Above here if seen will turn attention to 1.0250. Its daily RSI is bullish and pointing...

FXTechstrategy

EURUSD short term bearishness remains valid with more weakness expected in the new week. This is coming on the back of its past week flat close. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. Its weekly RSI is bearish and pointing lower...

FXTechstrategy

USDJPY eyes short term trend resumption following a reversal of its Thursday losses on Friday. On the downside, support sits at the 113.00 level where a break will target the 112.50 level. A break through that level will turn focus to the 112.00 level and then lower towards the 111.50 level. On the upside, resistance comes in at 113.50 level. Above here will turn...

FXTechstrategy

GBPJPY rally keeps broader bias higher with more strength towards the 147.57 level. Further out, resistance resides at the 148.00 level followed by the 148.50 level. A cut through that level will open the door towards the 149.00 level. Above here will aim at resistance the 14.950 level. Its daily RSI is bullish and pointing higher suggesting more strength. On...

FXTechstrategy

AUDUSD triggers price rally and now eyes next resistance at 0.7200 level. On the upside, another resistance lies at the 1.7250 level. A cut through here will turn attention to the 0.7300 level and then the 0.7350 level. Break above here will open the door for a move towards the 0.7400 level. Its daily RSI is bullish and pointing higher suggesting further strength....

FXTechstrategy

EURGBP price bull price rally eyes the 0.8945/55 resistance zone. Support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. On the upside, resistance resides at the 0.8950 level. A violation if seen will turn risk towards the 0.9000 level. Further up, resistance comes in at 0.9050...

FXTechstrategy

USDJPY price reversal leaves risk towards the 112.88 resistance. On the downside, support comes at the 112.00 level where a break will target the 111.50 level. A break through here will turn focus to the 111.00 level and then lower towards the 110.50 level. On the upside, resistance comes in at 112.50 level. Above here will open the door for more strength towards...

FXTechstrategy

EURUSD bear pressure continues to build up but with caution. But with higher close on Friday, the risk of price extension is likely. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. Its daily RSI is bearish and pointing lower suggesting further...

FXTechstrategy

EURGBP price recovery remains intact following its rally the past week. Support stands at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break below here will aim at the 0.8750 level. On the upside, resistance resides at the 0.8950 level. A violation if seen will turn risk towards the 0.9000 level. Further up, resistance comes in at...

FXTechstrategy

USDCAD price action suggests a further move higher and test of its key resistance at 1.3150/74 area. Support lies at the 1.3100 level where a break will target at the 1.3050 level. Further down, support comes in at the 1.3000 level. On further move lower, the pair may aim at the 1.2950 support level. On the upside, resistance lies at the 1.3150/74 levels where a...

FXTechstrategy

EURUSD bear pressure builds on psycho level at 1.1300. This is coming on the back of its Wednesday sell off. Immediate support comes in at 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. Its daily RSI is bearish and pointing lower suggesting further weakness. On the...

FXTechstrategy

AUDUSD broader trend remains lower as it eyes the 0.7042 support level. Support resides at the 0.7042 level where a breach will aim at the 0.7000 level. Below here will set the stage for a run at the 0.6950 level with a cut through here targeting further downside pressure towards the 0.6900 level. On the upside, resistance lies at the 1.7100 level. A cut through...

FXTechstrategy

GBPUSD price declines eyes 1.2862 support zone as it continues to hold on to its broader weakness. The immediate support resides at 1.2900 level. Further down, support comes in at the 1.2862 level where a break will turn focus to the 1.2800 level. Further down, support comes in at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750...

FXTechstrategy

GBPJPY bear pressure targets 45.01 support zone as it looks for further price extension. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside,...