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FXTechstrategy

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About FXTechstrategy

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  1. FXTechstrategy

    AUDUSD Upside Momentum Stalled, Eyes More Correction AUDUSD upside momentum stalled with eyes on more weakness in the days ahead. On the upside, resistance lies at the 1.7350 level. A cut through here will turn attention to the 0.7400 level and then the 0.7450 level where a violation will set the stage for a retarget of the 0.7500 level. Support resides at the 0.7250 level where a breach will aim at the 0.7200 level. Below here will set the stage for a run at the 0.7150 level with a cut through here targeting further downside pressure towards the 0.7100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the whole, AUDUSD faces further upside threats.
  2. FXTechstrategy

    GOLD Threatens More Bull Pressure Towards 1,243.00 Zone GOLD threatens more bull pressure as it looks to retarget the 1,243.41 resistance zone. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,1990.00 level. Resistance resides at the 1,243.41 level where a break will aim at the 1,250.00 level. Above here will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to recover further higher.
  3. FXTechstrategy

    USDJPY Eyes Short Term Trend Resumption On Price Reversal 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 attention to the 114.00 level. Further out, we expect a possible move towards the 114.50 level if that level is taken out. Resistance resides at the 115.00 level with a turn above here targeting the 115.50 level. On the whole, USDJPY faces further upside pressure in the short term.
  4. FXTechstrategy

    AUDUSD Triggers Price Rally, Eyes More Strength 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. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below here will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. On the whole, AUDUSD faces further upside threats with eyes on key resistance.
  5. FXTechstrategy

    EURUSD Downside Pressure Stalls, Bounces Off 1.1531 Support EURUSD downside pressure stalled as it saw a bounce off its key support at 1.1531 to close higher on Friday. While that level holds as support it faces the risk of a move further higher nearer term. On the upside, resistance comes in at 1.1550 level. A break through there opens the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. On the downside, support lies at the 1.1450 level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces a downside pressure medium term but with recovery threats.
  6. FXTechstrategy

    USDCAD Remains Vulnerable Towards 1.2926/00 Zone USDCAD remains vulnerable towards 1.2926/00 zone as it retains its pullback pressure. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness occurs support comes in at the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the up, resistance comes in at the 1.3000 level where a violation will target the 1.3050 level. Further up, resistance resides at the 1.3100 level and then the 1.3150 level. All in all, USDCAD looks to weaken further on correction.
  7. FXTechstrategy

    NZDUSD Bearish Pressure Eyes 0.6502 Zone NZDUSD bearish pressure eyes 0.6502 zone as it retains its broader medium term downtrend. This development leaves it vulnerable beyond the above support. Support lies at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6600 level where a break will turn attention to the 0.6650 level. A break of here will have to occur to create scope for a move towards the 0.6700 level. Further out, resistance stands at the 0.6750 level. All in all, NZDUSD faces further downside pressure medium term.
  8. FXTechstrategy

    EURUSD Remain Vulnerable, Bear Pressure Eyes 1.1550/25 Zone EURUSD remains vulnerable to the downside following its past week lower close. This development has opened the door for more weakness in the days ahead. On the upside, resistance comes in at 1.1650 level. A break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. But, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD still faces further downside pressure.
  9. FXTechstrategy

    EURUSD: Bullish In The Short But With Risk Of Pullback EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD still faces further upside pressure though with caution.
  10. FXTechstrategy

    USDCHF: Extends Price Recovery With Risk Toward 0.9719 USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9719 level where a break will clear the way for more strength to occur towards the 0.9758 level. Further out, resistance comes in at the 0.9800 level. Above here will open the door for more strength towards 0.9850. All in all, USDCHF faces further price recovery.
  11. FXTechstrategy

    GOLD: Bear Pressure Sets To Target The 1,187.00 Level GOLD: The commodity continues to target lower prices following its lower close the past week. This has opened the door for more weakness towards the 1,187.00 level. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a move lower towards the 1,160.00 level. Below here if seen could trigger further downside pressure targeting the 1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the 1,210.00 level. A turn above there will expose the 1,220.00 level. Further out, resistance stands at the 1,230.00 level. All in all, GOLD looks to weaken further towards its key support.
  12. FXTechstrategy

    USDJPY: Faces Further Recovery Pressure Towards 111.74/82 Levels USDJPY: The pair still faces further price recovery threats following its Friday higher close. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further upside pressure on correction.
  13. FXTechstrategy

    USDCHF: Sees Price Hesitation With Caution Of Recovery USDCHF: The pair looks to hesitate further but correct higher in the new week. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further price consolidation but recovery risk.
  14. FXTechstrategy

    EURUSD: Retains Its Bearishness, Aims At 1.14001.1393 Region EURUSD: The pair saw further weakness on Tuesday with eyes its support located at 1.1393 level. Further down, support lies at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level. Below here will open the door for more weakness towards the 1.1200. Its daily RSI is bearish and pointing lower suggesting more decline. On the upside, resistance comes in at 1.1550 level with a break through there opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. All in all, EURUSD faces further downside pressure on sell off.
  15. FXTechstrategy

    EURUSD: Loses Upside Momentum, Faces Pullback Risk With Eyes On 1.1534 Zone EURUSD: The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure
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