FXTechstrategy Team: Forex Analysis

[FXTechstrategy Team]

EURUSD Rejects Higher Prices, Weakens

EURUSD rejects higher prices, weakens as it lost upside pressure on Wednesday. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1300 level with a break through there opening the door for further upside towards the 1.1350 level. Further up, resistance comes in at the 1.1400 level where a violation will expose the 1.1450 level. All in all, EURUSD continues to threaten further upside pressure on correction.

 

[FXTechstrategy Team]

EURUSD Sets Up To Strengthen Further Bull Pressure

EURUSD sets up to strengthen further bull pressure following its higher close the past week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD sets up to strengthen further bull pressure on corrective recovery.

 

[FXTechstrategy Team]

USDCHF Declines With Eyes On Support At 0.9853 Level

USDCHF declines with eyes on support at 0.9853 level. This is supportive of its current short term weakness. Resistance resides at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance comes in at the 1.0100 level. On the downside, support is seen at the 0.9850 level with a turn below here setting the stage for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support resides at the 0.9700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further weakness in the days ahead.

 

[FXTechstrategy Team]

GBPUSD Sees Price Reversal With Eyes On The Upside

GBPUSD sees price reversal with eyes on the upside in the days ahead. Support lies at 1.2700 as it looks for more weakness. Below that level will turn attention to the 1.2650 level. Further down, support comes in at the 1.2600 level where a break will turn focus to the 1.2550 level. Further down, support lies at the 1.2500 level. On the upside, resistance stands at the 1.2750 with a turn above here allowing for additional strength to build up towards the 1.2800 level. Further out, resistance stands at the 1.2850 level followed by the 1.2900 level. On the whole, GBPUSD sees price reversal with eyes on the upside.

 

[FXTechstrategy Team]

EURUSD Rejects Higher Prices With Eyes On 1.1200 Level

EURUSD rejects higher prices with eyes on 1.1200 level in the days ahead. Support comes in at the 1.1250 where a violation will turn risk to the 1.1200 level. A break below here will target the 1.1150 level. Further down, support sits at the 1.1100. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EURUSD continues to threaten further downside pressure.

 

[FXTechstrategy Team]

GBPUSD Turns Lower On More Bearishness

GBPUSD turns lower on more bearishness following its recent weakness. Support lies at 1.2600 as it looks for more weakness. Below that level will turn attention to the 1.2550 level. Further down, support comes in at the 1.2500 level where a break will turn focus to the 1.2450 level. Further down, support lies at the 1.2400 level. On the upside, resistance stands at the 1.2700 with a turn above here allowing for additional strength to build up towards the 1.2750 level. Further out, resistance stands at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD turns lower on more bearishness following its recent decline.

 

[FXTechstrategy Team]

USDCHF Recovery Threats Expected In The New Week

USDCHF recovery threats expected in the new week following its past week gain. Resistance resides at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance comes in at the 1.0150 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support is seen at the 0.9950 level with a turn below here opening the door for more decline towards the 0.9900 level. And then the 0.9850 level. Further down, support resides at the 0.9800 level. All in all, USDCHF targets further recovery on correction.

 

[FXTechstrategy Team]

EURUSD Expects More Weakness On Bear Pressure

EURUSD expects more weakness on bear pressure as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD expects more weakness on bear pressure as we enter a new week.

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[FXTechstrategy Team]

GBPUSD Retains Downside Pressure In The Short Term

GBPUSD retains downside pressure in the short term following its recent weakness. Support lies at 1.2550 as it looks for more weakness. Below that level will turn attention to the 1.2500 level. Further down, support comes in at the 1.2450 level where a break will turn focus to the 1.2400 level. Further down, support lies at the 1.2350 level. On the upside, resistance stands at the 1.2650 with a turn above here allowing for additional strength to build up towards the 1.2700 level. Further out, resistance stands at the 1.2700 level followed by the 1.2750 level. On the whole, GBPUSD retains downside pressure in the short term.

 

[FXTechstrategy Team]

CRUDE OIL Recovers Further Higher On Correction

CRUDE OIL recovers further higher on correction. Support lies at the 53.00 level where a break will expose the 52.30 level. A cut through here will set the stage for a run at the 52.00 level. Further down, support comes in at the 51.50 level. On the upside, resistance resides at the 53.50 levels. Further out, resistance comes in at the 54.00 level. A break above here will aim at the 54.50 level and then the 55.00 level followed by the 55.50 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, CRUDE OIL recovers further higher on correction.

 

[FXTechstrategy Team]

GBPJPY Triggers Corrective Recovery Nearer Term

GBPJPY triggers corrective recovery nearer term as we expect more gain in the days ahead. On the downside, support comes in at the 136.00 level where a violation will aim at the 135.50 level. A break below here will target the 135.00 level followed by the 134.50 level. Conversely, resistance is seen at the 137.00 level followed by the 137.50 level. A cut through that level will set the stage for a move further higher towards the 138.00 level. Further out, resistance resides at the 138.50 level. All in all, GBPJPY remains biased to the upside nearer term.

 

[FXTechstrategy Team]

EURUSD Remains Bullish With Eyes On 1.1347 Resistance

EURUSD remains bullish with eyes on 1.1347 resistance in the days ahead. Support comes in at the 1.1250 where a violation will turn risk to the 1.1200 level. A break below here will target the 1.1150 level. Further down, support sits at the 1.1100. Conversely, on the upside, resistance resides at 1.1347 level with a break through there opening the door for further upside towards the 1.1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD expects more recovery to occur in the days ahead.

 

[FXTechstrategy Team]

USDCHF Tumbles Lower On Bearishness

USDCHF tumbles lower on bearishness with more weakness expected in the new week. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9700 level with a turn below here opening the door for more decline towards the 0.9650 level. And then the 0.9600 level. Further down, support resides at the 0.9550 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further weakness in the days ahead.

 

[FXTechstrategy Team]

EURUSD Eyes Further Upside Pressure On Bull Pressure.

EURUSD eyes further upside pressure on bull pressure as we enter a new week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150. Conversely, on the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD expects more recovery in the new week.

 

[FXTechstrategy Team]

USDJPY Still Eyes Further Downside Pressure

USDJPY still eyes further downside pressure as expect more weakness to occur in the new week. On the upside, resistance comes in at 107.50 level. Above this level will turn attention to the 108.00 level. Further out, we expect a possible move towards the 108.50 level. A cut through here will open the door for more gain towards the 109.00. On the downside, support comes in at the 107.00 level where a break will target the 106.50 level. Below that level will turn focus to the 106.00 level and then lower towards the 105.50 level. Its daily RSI is bearish and pointing lower suggesting more decline. On the whole, USDJPY faces further downside threats in the new week.

 

[FXTechstrategy Team]

GOLD Bull Pressure Looks To Continue

GOLD bull pressure looks to continue following its recent strength. On the downside, support comes in at the 1,430.00 level where a break will turn attention to the 1,420.00 level. Further down, a cut through here will open the door for a move lower towards the 1,410.00 level. Below here if seen could trigger further downside pressure targeting the 1,400.00 level. Conversely, resistance resides at the 1,440.00 level. Further out, resistance resides at the 1,450.00 level where a break will aim at the 1,460.00 level. A turn above there will expose the 1,470.00 level. Further out, resistance stands at the 1,480.00 level. All in all, GOLD eyes further strengthen in the short term.

 

[FXTechstrategy Team]

GBPUSD Turns Lower On Loss Of Upside Pressure

GBPUSD turns lower on loss weak and vulnerable to the downside after weakening on Tuesday. Support lies at 1.2650 as it looks for more weakness. Below that level will turn attention to the 1.2600 level. Further down, support comes in at the 1.2550 level where a break will turn focus to the 1.2500 level. Further down, support lies at the 1.2450 level. On the upside, resistance stands at the 1.2750 with a turn above here allowing for additional strength to build up towards the 1.2800 level. Further out, resistance stands at the 1.2850 level followed by the 1.2900 level. On the whole, GBPUSD retains downside pressure on further correction.

 

[FXTechstrategy Team]

AUDUSD Remains On The Offensive On Correction


AUDUSD remains on the offensive on correction with more gain expected. On the upside, resistance lies at the 1.7050 level. A cut through here will turn attention to the 0.7100 level and then the 0.7150 level where a violation will set the stage for a retarget of the 0.7200 level. Support resides at the 0.6950 level where a breach will aim at the 0.6900 level. Below here will set the stage for a run at the 0.6850 level with a cut through here targeting further downside pressure towards the 0.6800 level. On the whole, AUDUSD faces further upside threats.

 

[FXTechstrategy Team]

USDCHF Turns Off Higher Level Prices

USDCHF turns off higher level prices leaving risks of more weakness on the cards. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9700 level with a turn below here opening the door for more decline towards the 0.9650 level. And then the 0.9600 level. Further down, support resides at the 0.9550 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains weak and vulnerable on price rejection.

 

[FXTechstrategy Team]

EURUSD Looks To Weaken Further Lower Towards 1.1282

EURUSD looks to weaken further lower towards 1.1282. Support comes in at the 1.1350 where a violation will turn risk to the 1.1300 level. A break below here will target the 1.1250 level. Further down, support sits at the 1.1200. Conversely, on the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD expects more weakness on correction.