Jump to content
FXTechstrategy

Daily Technical Strategy On Currencies & Commodities

Recommended Posts

GBPUSD Looks To Follow Through Higher On Correction.

GBPUSD looks to follow through higher on correction. Support stands at 1.3150 level. Further down, support comes in at the 1.3100 level where a break will turn focus to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. On the upside, resistance stands at the 1.3250 with a turn above here allowing for additional strength to build up towards the 1.3300 level. Further out, resistance stands at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD faces further upside pressure on more recovery threats.

GBPUSDDaily-2.png

 

Share this post


Link to post
Share on other sites

EURUSD Sets Up To Resume Downside Pressure

EURUSD sets up to resume downside pressure following reversal of its Monday losses during Tuesday trading session. 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 1.1350 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 on price weakness.
 

EURUSDDaily-2.png

Share this post


Link to post
Share on other sites

EURJPY Looks To Resume Downside Pressure

EURJPY looks to resume downside pressure despite its present price hesitation threats. Support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will turn focus to the 123.00 level and possibly lower towards the 123.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 125.00 level. Further out, we envisage a possible move towards the 125.50 level. Further out, resistance resides at the 126.00 level with a turn above here aiming at the 126.50 level. On the whole, EURJPY faces further price weakness nearer term.

 

EURJPYDaily-1.png

Share this post


Link to post
Share on other sites

GBPUSD Retains Downside Pressure Short Term

GBPUSD retains downside pressure in the short term as it closed lower on Friday. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. On the upside, resistance stands at the 1.3050 with a turn above here allowing for additional strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD faces further downside pressure on more weakness threats.
 

GBPUSDDaily-3.png

Share this post


Link to post
Share on other sites

nzdusd-h1-xm-global-limited.png

 

NZDUSD today, market is still on sideways area, so it is good if you sell it now or you can wait for the price until it reach 0.68215 with potential target up to 0.67748

Share this post


Link to post
Share on other sites

EURUSD Bear Pressure Remains Intact, Looks To Weaken Further

EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. 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. Its daily RSI remains weak and vulnerable suggesting further weakness. 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 bear pressure remains intact as it threatens further downside

EURUSDWeekly-4.png

 

Share this post


Link to post
Share on other sites

USDJPY Targets Further Recovery Threat On Bull Pressure

USDJPY targets further recovery threats as it builds on bull pressure with eyes on the 111.89 resistance zone. On the upside, resistance comes in at 112.50 level. Above this level will turn attention to the 113.00 level. Further out, we expect a possible move towards the 113.50 level. A cut through here will open the door for more gain towards the 114.00. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support comes in at the 111.00 level where a break will target the 110.50 level. Below that level will turn focus to the 110.00 level and then lower towards the 109.50 level. On the whole, USDJPY faces further upside pressure on more recovery.

USDJPYDaily.png

Share this post


Link to post
Share on other sites

EURJPY Recovery Eyes 125.68 Resistance

EURJPY recovery eyes 125.68 resistance level in the days ahead. Support comes in at the 125.00 level where a break if seen will aim at the 124.50 level. A cut through here will turn focus to the 124.00 level and possibly lower towards the 123.50 level. On the upside, resistance resides at the 125.68 level. Further out, we envisage a possible move towards the 126.00 level. Further out, resistance resides at the 126.50 level with a turn above here aiming at the 127.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, EURJPY recovery eyes 125.68 resistance level.

EURJPYDaily.png

Share this post


Link to post
Share on other sites

USDCAD Faces Upside Risk On Price Rejection

USDCAD faces upside risk following its price rejection on Wednesday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.3400 level. Conversely, resistance lies at the 1.3450 level where a violation will target the 1.3500 level. Further up, resistance resides at the 1.3550 level and then the 1.3600 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, USDCAD faces upside risk as it looks to strengthen further higher.
 

USDCADDaily.png

Share this post


Link to post
Share on other sites

EURUSD Faces Further Bearishness Towards Key Support

EURUSD faces further bearishness towards its key support. 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. Its weekly RSI is bearish and pointing lower suggesting more weakness. 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 faces further bearishness on price decline

 

Share this post


Link to post
Share on other sites

GOLD Eyes 1,310.00 Resistance Zone On Bull Pressure

GOLD eyes 1,310.00 resistance zone on further strength. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. Conversely, resistance resides at the 1,310.00 level. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to move further higher on bull pressure.

XAUUSDDaily.png

Share this post


Link to post
Share on other sites

USDJPY Sees Rally With Eyes On 111.82 Zone

USDJPY sees rally with eyes on 111.82 zone in the days ahead. On the upside, resistance comes in at 112.00 level. Above this level will turn attention to the 112.50 level. Further out, we expect a possible move towards the 113.00 level. A cut through here will open the door for more gain towards the 113.50. On the downside, support comes in at the 111.00 level where a break will target the 110.50 level. Below that level will turn focus to the 110.00 level and then lower towards the 109.50 level. On the whole, USDJPY sees rally with eyes on 111.82 zone in the days ahead.
 

USDJPYDaily-1.png

Share this post


Link to post
Share on other sites

USDCHF Continues To Eye Further Upside Pressure

USDCHF continues to eye further upside pressure following it higher close the past week. Resistance stands at the 1.0050 level. A break of there will clear the way for a run at the 1.0100 level. Above here, resistance lies at the 1.0050 level and then the 1.0150 level. Its weekly RSI is pointing higher suggesting more strength. On the downside, support is seen at the 0.9950 level. A turn below here will set the stage 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 continues to eye further upside pressure on corrective recovery. 

 

USDCHFWeekly-1.png

Share this post


Link to post
Share on other sites

EURUSD Sets Up To Extend Recovery Threats

EURUSD sets up to extend recovery threats as the pair still retains its upside pressure. 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 1.1350 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 sets up to extend recovery threats on upside pressure.

EURJPYWeekly.png

Share this post


Link to post
Share on other sites

GOLD Looks To Extend Its Bear Pressure

GOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.

XAUUSDDaily-1.png

Share this post


Link to post
Share on other sites

USDCHF Moves Towards Its Key Resistance 

USDCHF moves towards its key resistance residing at 1.0127 area. Resistance stands at the 1.0127 level. A break of there will clear the way for a run at the 1.0150 level. Above here, resistance lies at the 1.0200 level and then the 1.0250 level. On the downside, support is seen at the 1.0000 level. A turn below here will set the stage for more decline towards the 0.9950 level. And then the 0.9900 level. Further down, support resides at the 0.9850 level. All in all, USDCHF continues to eye further upside pressure on further bull pressure. 
 

USDCHFDaily-1.png

Share this post


Link to post
Share on other sites

EURUSD Tumbles On Price Sell Off

EURUSD tumbles on prices sell off as it look to extend more weakness. 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. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1300 level with a break through there opening the door for further upside towards the 1.1.1350 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 downside pressure on price sell off.

EURUSDDaily-1.png

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Popular Contributors

  • Similar Content

    • By inspired50
      Buy and sell e-currencies and world currencies here http://exchangemoney.yooco.org 
    • By supersign
      Buy sell bitcoin Chinese currency etc here http://tinyurl.com/z26w472
    • By mike12345
      Dear All,

      Greetings!

      Avatrade is one of the World's most popular online brokers. It's regional offices and sales centers are located in Paris, Dublin, Milan, Tokyo, Sydney and New York. The company's administrative headquarters are in Dublin. AvaTrade has been an innovative pioneer in online trading since 2006 with more than 200,000 registered customers.

      Our Agenda has always been to provide the smoothest, most enjoyable experience for retail traders. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the on-line experience for retail traders.

      We aim to make trading as simple as possible for you but without compromise. We offer more than 200 financial products, a range of trading platforms and tools, and the best news and analysis. Some of the Awards won by Avatrade are listed below:

      Most Innovative Forex Broker Europe 2013
      Best Broker For Money Managers Europe 2013
      Best Forex Executive House Middle East 2013
      Security of Funds Excellence Award 2013

      AvaTrade Offers You Industry-Leading Forex & CFD Trading. Trade With Confidence. Win The Car Of The Year. AvaTrade's mobile trading platform is 100% compatible with iPhone and Android phones. With AvaTrade mobile trading you can access your AvaTrade mobile trading you can access your AvaTrade account, view the last news and live streaming quotas and execute trades in real-time - all from your mobile phone or tablet.

      Gold is one of the most liquid and exciting commodities to trade - its price is directly affected by real world events and it can offer a great way to diversify one's portfolio and balance risk. Not only can you trade gold with Avatrade, you can also trade in silver, platinum, palladium and copper. Plus you get all the tools and analysis you need to help you make more informed trade decisions. Open your trading account with Avatrade and enter the gold market today.

      Visit Here!



      Thanks,
      For Your Success,
      Michael Motha


    • By viper7o3
      http://autoxinc.dbpv7.clicksurecpa.com

      Competition has Ended: Over 603% Net Profit
      $7,042.55 by Newbie Terry Kramer (Learn How He Did It)
      Lazy Susan Doubled Her Money Trading (238.6% Return)

      Even completely newbies will, at least, DOUBLE
      their investment with DBPv7 in just a few days!

      Meet, Terry Kramer, a car rental dealer with
      no experience
      in binary or trading at all…

      in fact, Terry is not an “online” guy…

      Mr. Kramer had a return of $7042.55 in just
      49 days by trading less than 25min per day!


      Watch the summary of Terry Kramer’s trading
      experience during these 7 weeks of competition.

      He’ll reveal to you some of his insights:

      http://autoxinc.dbpv7.clicksurecpa.com

      OVERALL COMPETITION STATS:
      **************************
      - 1st Place: $7,042.55 (704.2% Return)
      - 2nd Place: $5,899.17 (589.9% Return)
      - 3rd Place: $5,734.15 (573.4% Return)
      - 4th Place: $2,386.70 (238.6% Return)


      MORE EVIDENCE EVERY DAY
      ************************
      We’ll update all our members on new, daily
      LIVE trading videos so YOU CAN JUDGE
      DBP’s performance yourself.

      And you’ll also be able to copycat the way we
      trade with DBPv7.

      Grab your DBPv7 license at no cost, and
      follow the simple rules working less than
      25 minutes per day.


      WHAT YOU GET
      *************
      With your DBPv7 Full License you’ll get:
      - Over 120 Daily Signals
      - Over 87% Success Accuracy

      - Ability to trade Short Term Signals for Quick Profits
      - Long Term Signals Module for Higher Accuracy
      - Real Time Alerting System
      - Premium Customer Support

      And… you don’t pay for it if you order now...
      So grab your license and give yourself probably
      the most valued present:

      http://autoxinc.dbpv7.clicksurecpa.com

      To your success,
      dbpv7 Team

    • By Tariq777
      Hello friends,

      World Money Forum has just started its pay per post program and now users will get paid for being active in the forum.

      Basic rates:-

      Varying upon the sections

      From $0.03 - 0.04 USD for new thread and replies

      Minimum Payout : $4

      Processors : Perfect Money, Egopay, WebMoney & Paypal

      What are you waiting for? Join now [:)]

      URL: http://www.worldmoneyforum.com

      ""Welcome bonus introduced! $0.50 direct to your PM account right now

      For first 50 users only! hurry up""

      http://worldmoneyforum.com/index.php?/topic/36-bonus-for-new-members/

      (*Lot more of CASH CONTESTS coming soon)
  • Topics

×
×
  • Create New...