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Daily Technical Strategy On Currencies & Commodities

This is a discussion on Daily Technical Strategy On Currencies & Commodities within the Analytics and News forums, part of the Trading Forum category; EURUSD: The pair followed through higher on a rally on Tuesday opening the door for more strength in the days ...

          
   
  1. #61
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    EURUSD: Bullish, Sees Further Upside Pressure

    EURUSD: The pair followed through higher on a rally on Tuesday opening the door for more strength in the days ahead. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure.


  2. #62
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    EURJPY: Bullish, Extends Recovery Higher

    EURJPY: The pair looks to recover further higher following a hold on its recent gains during Friday trading today. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50 level. Further out, we envisage a possible move towards the 130.00 level. Further out, resistance resides at the 130.50 level with a turn above here aiming at the 131.00 level. On the whole, EURJPY continues to face further upside threats

  3. #63
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    CRUDE OIL: Sees Further Upside, Eyes The 70.41 Region

    CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above here will aim at the 71.50 level and then the 72.00 level followed by the 72.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside.


  4. #64
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    EURUSD: Outlook Remains Lower With Eyes On Key Support

    EURUSD: The pair may have closed higher the past week but could see a move lower following its price reversal on Friday (see daily chart). On the downside, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. Conversely, 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. All in all, EURUSD may have closed higher but faces pullback threats.


  5. #65
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    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.
    Attached Thumbnails Attached Thumbnails Daily Technical Strategy On Currencies & Commodities-xauusdweekly.png  

  6. #66
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    EURUSD Turns Off Lower Prices With Eyes On Upside

    EURUSD turns off lower prices with eyes on upside pressure. This has opened the door for more gain in the days ahead. 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. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD turns off lower prices with eyes on upside pressure on correction.


  7. #67
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    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.


  8. #68
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    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.


  9. #69
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    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.


  10. #70
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    EURUSD Targets Immediate Resistance At 1.1161 Level

    EURUSD targets immediate resistance at 1.1161 level as we enter the new week. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.0950 level. Further down, support sits at the 1.0900. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD expects more recovery in the new week.



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