FXTechstrategyTeam

FXTechstrategyTeam

GBPUSD: GBP continues to look vulnerable to the downside on correction with more decline envisaged. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. We look to sell this pair at: Strategy: Sell at 1.5632, Stop loss at 1.5700, Price target at 1.5532 & 1.5460

FXTechstrategyTeam

GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. We are looking to buy at the levels below. Strategy: Buy at 1,091.50, Stop loss at 1,071.00, Price target at 1,115.00 & 1,133.00

FXTechstrategyTeam

Despite AUDUSD's present price hesitation, it looks to recover higher as long as it trades and holds above the 0.7256 level. We are looking to buy at the following levels. Strategy: Buy at 0.7317, Stop loss at 0.7252, Price target at 0.7415 & 0.7459

FXTechstrategyTeam

With EURUSD ending its corrective pullback on Tuesday, it now eyes a recapture of the 1.1289 level. We look to buy this pair Buy at 1.1198 Stop at 1.1138 Price target at 1.1289 & 1.1350

FXTechstrategyTeam

With DAX vulnerable to the downside following its negative candle print the past week, corrective weakness is now envisaged. Strategy: Sell at 10830, Stop loss at 10930, Price target at 10670 & 10560

FXTechstrategyTeam

With a flat price action trading occurring the past week, risk of an impending corrective pullback continues to loom. We in a favour of a corrective pullback. Strategy: Sell at 0.9229, Stop loss at 0.9311, Price target at 0.9129 & 0.9091

FXTechstrategyTeam

USDJPY: USDJPY looks to strengthen further after reversing its intra day losses on Tuesday. Strategy: Buy at 117.87, Stop loss at 117.00, Price target at 118.86

FXTechstrategyTeam

CORN (Futures): Although vulnerable in the medium term, its price hesitation on Thursday and Friday (see daily chart) is suggestive of a corrective recovery. Strategy: Buy at 3.700, Stop loss at 3.625, Price target at 3.810

FXTechstrategyTeam

With its broader bias remaining lower, we think a move lower should occur before a bottom forming process could occur. Strategy: Sell at 1.1363, Stop loss at 1.1433, Price target at 1.1223 & 1.1097