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  1. EURUSD Rallies Sharply, Eyes More Strength EURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for further bull threats.
  2. USDCAD Sets Up To Strengthen Further USDCAD faces risk of further upside as it looks to follow through higher on the back of 2 days gain.. Support comes in at the 1.4050 level where a break will aim at the 1.4000 level. Further down, support comes in at the 1.3950 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3900 level. On the upside, resistance stands at the 1.4150 level where a break will target the 1.4200 level. Further up, resistance resides at the 1.4250 level and then the 1.4300 level. All in all, USDCAD looks to strengthen further in the days ahead.
  3. GBPUSD Looks To Weaken Further Lower GBPUSD looks to correct further lower as it holds on to its downside pressure. Support stands at 1.2300 area with a break turning focus to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will turn focus to the 1.2150 level. Below here will open the door towards the 1.2100 level. On the upside, resistance is located at the 1.2400 with a break above there allowing for morel strength to build up towards the 1.2450 level. Further out, resistance stands at the 1.2500 level followed by the 1.2550 level. On the whole, GBPUSD faces further downside threats.
  4. EURJPY Vulnerable Towards The 116.11 Level EURJPY continues to face downside pressure as it looks to weaken further towards its key support at 116.11 level. On the downside, support comes in at the 116.50 level where a break if seen will aim at the 116.00 level. A cut through here will turn focus to the 115.50 level and possibly lower towards the 115.00 level. On the upside, resistance resides at the 117.50 level. Further out, we envisage a possible move towards the 118.00 level. Further out, resistance resides at the 118.50 level with a turn above here aiming at the 119.00 level. On the whole, EURJPY continues to retain its downside pressure.e way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.
  5. EURJPY Remains On Recovery Pressure EURJPY continues to face recovery threats as it closed higher on Monday and followed through higher on Tuesday. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn focus to the 117.00 level and possibly lower towards the 116.50 level. On the upside, resistance resides at the 119.00 level. Further out, we envisage a possible move towards the 119.50 level. Further out, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. On the whole, EURJPY continues to retain its recovery pressure nearer term.
  6. USDCHF Vulnerable, Looks To Weaken Further USDCHF faces risk of further bear pressure in the new week. Resistance comes in at the 0.9550 level. Above here, resistance lies at the 0.9600 level and then the 0.9650 level. Further out, resistance stands at the 0.9650 level. On the downside, support is located at the 0.9450 level with a turn below here opening the door for more decline towards the 0.9400 level. And then the 0.9350 level. Further down, support comes in at the 0.9300 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further pullbacks.
  7. USDCHF Vulnerable, Looks To Weaken Further USDCHF faces risk of further bear pressure in the new week. Resistance comes in at the 0.9550 level. Above here, resistance lies at the 0.9600 level and then the 0.9650 level. Further out, resistance stands at the 0.9650 level. On the downside, support is located at the 0.9450 level with a turn below here opening the door for more decline towards the 0.9400 level. And then the 0.9350 level. Further down, support comes in at the 0.9300 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further pullbacks.
  8. GBPUSD Retains Its Broader Weakness GBPUSD looks to weaken further as it looks to extend its broader downtrend. Support stands at 1.1450 area with a break below that level turning focus to the 1.1400 level. Further down, support lies at the 1.1350 level where a violation will turn focus to the 1.1300 level. Below here will open the door towards the 1.1250 level. On the upside, resistance is located at the 1.1550 with a turn above there allowing for morel strength towards the 1.1600 level. Further out, resistance stands at the 1.1650 level followed by the 1.1700 level. On the whole, GBPUSD faces further downside threats in the new week.
  9. GBPUSD looks to weaken further as it looks to extend its broader downtrend. Support stands at 1.1450 area with a break below that level turning focus to the 1.1400 level. Further down, support lies at the 1.1350 level where a violation will turn focus to the 1.1300 level. Below here will open the door towards the 1.1250 level. On the upside, resistance is located at the 1.1550 with a turn above there allowing for morel strength towards the 1.1600 level. Further out, resistance stands at the 1.1650 level followed by the 1.1700 level. On the whole, GBPUSD faces further downside threats in the new week.
  10. EURUSD Maintains Third Day Of Losses EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1150 level. Further down, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.10500 level. All in all, EURUSD looks for more bearish pressure in the days ahead.
  11. USDCHF Vulnerable On Further Sell Off USDCHF faces risk of further move lower as it sold off the past week. Resistance comes in at the 0.9400 level. Above here, resistance lies at the 0.9650 level and then the 0.9650 level. Further out, resistance stands at the 0.9700 level. On the downside, support is located at the 0.9300 level with a turn below here opening the door for more decline towards the 0.9250 level. And then the 0.9200 level. Further down, support comes in at the 0.9150 level. Its weakly RSI is bearish and pointing lower suggesting more decline. All in all, USDCHF remains biased to the downside on further price weakness
  12. GBPJPY Faces Risk Of Further Weakness GBPJPY looks to weaken further following a strong sell off on Friday. On the downside, support comes in at the 137.50 level where a violation will aim at the 137.00 level. A break below here will target the 136.50 level followed by the 136.00 level. Its daily RSI bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 138.50 level followed by the 139.00 level. A cut through that level will set the stage for a move further higher towards the 139.50 level. Further out, resistance resides at the 140.00 level. All in all, GBPJPY remains biased to the downside nearer term.
  13. EURGBP Focus Shifts To Recovery Higher EURGBP looks to recover further higher on correction. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level. A break below here will aim at the 0.8300 level. Further down, support comes in at 0.8250 level. Conversely, resistance lies at the 0.8450 level. A violation if seen will turn risk towards the 0.8500 level. Further up, resistance comes in at 0.8550 level followed by the 0.8600 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, EURGBP remains biased to the upside on further short term correction.
  14. GBPUSD Sees Price Extension On More Decline GBPUSD looks to extend downside pressure as it closed lower on Thursday. Support stands at 1.2850 area with a break below that level turning focus to the 1.2800 level. Further down, support lies at the 1.2750 level where a violation will turn focus to the 1.2700 level. Below here will open the door towards the 1.2650 level. On the upside, resistance is located at the 1.2900 with a break above there allowing for morel strength to build up towards the 1.2950 level. Further out, resistance stands at the 1.3000 level followed by the 1.3050 level. On the whole, GBPUSD faces further downside threats In the days ahead.
  15. AUDUSD looks to extend further lower on its bearishness as it retains its long term weakness. On the downside, support comes in at the 1.6661 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level. A violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6700 level where a breach will aim at the 0.6750 level. Below here will open the door for a run at the 0.6800 level and then the 0.6850 level. On the whole, AUDUSD faces further downside threats short term.
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