FXTechstrategyTeam

FXTechstrategyTeam

GOLD: The commodity continues to face downside pressure as it trades below its key resistance at 1,335/58 zone. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Strategy: Sell at 1,318.12, Stop loss at...

FXTechstrategyTeam

GBPUSD: Having capped its recovery at 1.5126 level to close on a long-tailed candle on Tuesday, GBPUSD looks to resume its medium term downtrend. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level. Strategy: Sell at 1.5081, Stop loss at 1.5149, Price target at 1.5000 & 1.4940

FXTechstrategyTeam

EURUSD: The pair’s attempt on the upside was rebuffed by the bears on Monday to close slightly higher. This development leaves the risk lower in the direction of its broader downside bias. We look for more weakness to occur towards the 1.0700 level. EURUSD Strategy: Sell at 1.0752, Stop loss at 1.0818, Price target at 1.0652 & 1.0600

FXTechstrategyTeam

EURUSD: The pair may have closed flat the past week, a sign of price exhaustion but it still holds on to broader downside bias. Support is located at the 1.0950 level But if violated, expect more weakness to occur towards the 1.0896 level. Strategy: Sell at 1.1007, Stop Loss at 1.1076, Price target at 1.0907 & 1.0850

FXTechstrategyTeam

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. With that reversal putting EURJPY above the 132.22 level, another key support, a build up on that recovery is...

FXTechstrategyTeam

GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level. GOLD STRATEGY: Sell at 1165.00 Stop...

FXTechstrategyTeam

GBPUSD: GBP continues to hold on to its downside bias failing at the 1.5505 level to close lower on a rejection candle on Tuesday. While it remains below the 1.5508 level and its 200 EMA, our bias remains to the downside. Resistance resides at the 1.5508 level. A violation of here will clear the way for a run at the 1.5550 level. We look to buy the pair at...

FXTechstrategyTeam

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. Support lies at the 1.1300 level. EURUSD STRATEGY: Sell at 1.1357 Stop Loss at 1.1429 Price target at 1.1263 & 1.1180

FXTechstrategyTeam

NZDUSD: With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level where a break will turn attention to the 0.6700 level. Strategy: Sell at 0.6800, Stop loss at 0.6870, Price target at 0.6750 & 0.6650

FXTechstrategyTeam

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 level with a break targeting the 120.50 level. Strategy: Buy at 118.83, Stop loss at 118.17, Price target at 119.79 & 119.99

FXTechstrategyTeam

CRUDE OIL: The commodity has halted its declines and turned higher on a rejection candle on Thursday. This price development leaves risk higher in the nearer term on correction Strategy: Buy at 46.61, Stop loss at 45.61, Price target at 47.61 & 48.61

FXTechstrategyTeam

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 strength. On the downside, support comes in at the 1165.00 level where a break will aim at the 1150.00 level. Strategy:...

FXTechstrategyTeam

EURUSD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias. EURUSD STRATEGY: Sell at 1.1384, Stop Loss at 1.1458, Price target at 1.1284 & 1.1230

FXTechstrategyTeam

GOLD: The commodity held off lower prices to close marginally higher on Monday. This development leaves GOLD threatening further upside pressure on correction. On the downside, support comes in at the 1098.00 level where a break will aim at the 1090.00 level. A cut through here will open the door for move lower towards the 1080.00 level. On the upside, resistance...

FXTechstrategyTeam

GBPUSD: GBP sold off strongly the past week leaving risk of more declines. However, we think while its key support at the 1.5329 level holds as support a move higher on recovery should occur. We look to buy on recovery at the following levels Strategy: Buy at 1.5375, Stop loss at 1.5303, Price target at 1.5475 & 1.5570

FXTechstrategyTeam

EURGBP continues to maintain its corrective recovery tone despite price hesitation during Thursday's trading session. See trade ideas below: Strategy: Buy at 0.7124, Stop loss at 0.7067, Price targets 0.7194 & 0.7223

FXTechstrategyTeam

USDCHF: Despite USDCHF bullish bias, risk of correction is expected as its daily chart is spotting multiple negative rejection candles.

FXTechstrategyTeam

The cross turned lower on Thursday taking back most of its Wednesday gains. This development leaves the cross targeting further downside pressure.