FXTechstrategy Team: Forex Analysis

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View Poll Results: What does January holds for EURUSD having continued to hold its medium term downtrend
Weakness 2 50.00%
Correction 2 50.00%
Consolidation 0 0%
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Old Mar 30, 2018, 1:33pm   #1966
 
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CRUDE OIL: Recovers, Rejects Lower Prices

FXTechstrategy Team started this thread CRUDE OIL: The commodity turned higher off its intra day low on Thursday leaving risk of more strength on the cards. On the downside, support resides at the 64.50 level where a break will expose the 64.00 level. A cut through here will set the stage for a run at the 63.50 level. Further down, support resides at the 63.00 level. On the upside, resistance resides at the 65.50 level. Further out, resistance comes in at the 66.00 level. A break above here will aim at the 66.50 level and then the 67.00 level followed by the 67.50 level. All in all, CRUDE OIL remains biased to the downside on pullback but with caution.

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Old Apr 1, 2018, 3:28pm   #1967
 
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EURUSD: Continues To Retain Downside Pressure EURUSD: The pair continues to hold on

FXTechstrategy Team started this thread EURUSD: The pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EURUSD faces further downside threats.

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Old Apr 8, 2018, 6:18pm   #1968
 
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EURUSD: Continues To Face Downside Pressure

FXTechstrategy Team started this thread EURUSD: The pair faces recovery higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. All in all, EURUSD faces further downside threats.

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Old Apr 9, 2018, 3:48pm   #1969
 
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GBPUSD: Faces Further Corrective Recovery Higher

FXTechstrategy Team started this thread GBPUSD: The pair saw a follow through higher on the back of its Friday gain during Monday trading session today. Support lies at the 1.4100 level where a break will turn attention to the 1.4050 level. Further down, support lies at the 1.4000 level. Below here will set the stage for more weakness towards the 1.3950 level. Conversely, resistance stands at the 1.4200 levels with a turn above here allowing more strength to build up towards the 1.4250 level. Further out, resistance resides at the 1.4300 level followed by the 1.4350 level. On the whole, GBPUSD remains biased to upside on more strength.

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Old Apr 12, 2018, 2:24pm   #1970
 
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EURGBP: Vulnerable, Weakens

FXTechstrategy Team started this thread EURGBP- The pair faces further downside pressure leaving risk lower. Support lies at the 0.8650 level where a violation will turn focus to the 0.8600 level. A break will expose the 0.8550 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside on more weakness.

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Old Apr 16, 2018, 1:50am   #1971
 
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GOLD:Eyes Further Bull Pressure

FXTechstrategy Team started this thread GOLD: The commodity reversed its Wednesday gain on Thursday. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level. Below here if seen could trigger further downside pressure targeting the 1,310.00 level. Conversely, resistance resides at the 1,350.00 level where a break will aim at the 1,360.00 level. A turn above there will expose the 1,370.00 level. Further out, resistance stands at the 1,380.00 level. All in all, GOLD looks to strengthen further higher but with caution.

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Old Apr 16, 2018, 2:37pm   #1972
 
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NZDUSD: Declines Further On Corrective Pullback

FXTechstrategy Team started this thread NZDUSD: The pair looks to build on its Friday correction in the new week as it saw price weakness during early Monday trading session today. Support lies at the 0.7300 level. Further down, the 0.7250 level comes in as the next downside target. Conversely, resistance resides at the 0.7400 level where a break will aim at the 0.7450 level. A break of here will have to occur to create scope for a run at the 0.7500 level. Further out, resistance stands at the 0.7550 level. All in all, NZDUSD faces further downside pressure

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Old Apr 18, 2018, 2:12pm   #1973
 
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GBPUSD: Declines On Price Correction

FXTechstrategy Team started this thread GBPUSD: The pair saw a follow through lower on the back of its Tuesday weakness. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Conversely, resistance stands at the 1.4250 levels with a turn above here allowing more strength to build up towards the 1.4300 level. Further out, resistance resides at the 1.4350 level followed by the 1.4400 level. On the whole, GBPUSD remains biased to downside on correction
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Old Apr 19, 2018, 3:37pm   #1974
 
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EURJPY: Strengthens But With Caution

FXTechstrategy Team started this thread EURJPY: The pair looks to consolidate further though seen strengthening on Thursday. On the downside, support comes in at the 132.50 level where a break if seen will aim at the 132.00 level. A cut through here will turn focus to the 131.50 level and possibly lower towards the 131.00 level. On the upside, resistance resides at the 133.50 level. Further out, we envisage a possible move towards the 134.00 level. Further out, resistance resides at the 134.50 level with a turn above here aiming at the 135.00 level. On the whole, EURJPY faces further consolidation threats.

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Old Apr 23, 2018, 6:43pm   #1975
 
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GBPUSD: Weakens On Further Bear Pressure

FXTechstrategy Team started this thread GBPUSD: The pair saw further weakness following its past week losses. Support lies at the 1.3950 level where a break will turn attention to the 1.3900 level. Further down, support lies at the 1.3850 level. Below here will set the stage for more weakness towards the 1.3800 level. Conversely, resistance stands at the 1.4000 levels with a turn above here allowing more strength to build up towards the 1.4050 level. Further out, resistance resides at the 1.4100 level followed by the 1.4150 level. On the whole, GBPUSD remains biased to downside on further weakness.

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Old Apr 29, 2018, 4:24pm   #1976
 
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EURUSD: Remains Bearish But With Caution

FXTechstrategy Team started this thread EURUSD: The pair extended its weakness the past week though backing off mildly on Friday. On the upside, resistance comes in at 1.2150 level with a cut through here opening the door for more upside towards the 1.2200 level. Further up, resistance lies at the 1.2250 level where a break will expose the 1.2300 level. Conversely, support lies at the 1.2050 level where a violation will aim at the 1.2000 level. A break of here will aim at the 1.1950 level. Below here will open the door for more weakness towards the 1.1900. All in all, EURUSD faces further downside threats.

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Old May 7, 2018, 2:32am   #1977
 
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EURUSD: Remains Vulnerable But With Caution

FXTechstrategy Team started this thread EURUSD: The pair closed lower the past week with more decline envisaged. However, a move higher on correction is envisaged. On the upside, resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further downside threats.
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Old May 7, 2018, 2:33am   #1978
 
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EURUSD: Remains Vulnerable But With Caution

FXTechstrategy Team started this thread EURUSD: The pair closed lower the past week with more decline envisaged. However, a move higher on correction is envisaged. On the upside, resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further downside threats.

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Old May 16, 2018, 8:29pm   #1979
 
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EURUSD: Weakens Further, Eyes The 1.1750 Zone

FXTechstrategy Team started this thread EURUSD: The pair faces further bear pressure as it continues to hold on to its bear pressure. On the upside, resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside pressure.

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