FXTechstrategy Team: Forex Analysis

What does January holds for EURUSD having continued to hold its medium term downtrend


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FXTechstrategy Team

Senior member
2,302 6
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.

262004
 

FXTechstrategy Team

Senior member
2,302 6
USDCHF Faces Risk Of Price Extension On Bullishness

USDCHF faces risk of price extension on bullishness following its past week strength. Resistance stands at the 1.0150 level. A break of there will clear the way for a run at the 1.0200 level. Above here, resistance lies at the 1.0250 level and then the 1.0300 level. On the downside, support is seen at the 1.0100 level. A turn below here will set the stage for more decline towards the 1.0050 level. And then the 1.0000 level. Further down, support resides at the 0.9950 level. All in all, USDCHF continues to eye further upside pressure on bull pressure.

262011
 

FXTechstrategy Team

Senior member
2,302 6
EURUSD Breaks Below 1.1183/75 Support Zone

EURUSD breaks below 1.1183/75 support zone leaving risk of more decline on the cards. Support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD continues to threaten further downside pressure.

262090
 

FXTechstrategy Team

Senior member
2,302 6
USDCHF Turns Off Higher Prices On Price Failure

USDCHF turns off higher prices on price failure on Friday leaving risk of a pullback on the cards. Resistance resides at the 1.0250 level. Above here, resistance lies at the 1.0300 level and then the 1.0350 level. Further out, resistance comes in at the 1.0400 level. On the downside, support is seen at the 1.0150 level. A turn below here will set the stage for more decline towards the 1.0100 level. And then the 1.0050 level. Further down, support resides at the 1.0000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF continues to eye further downside pressure as it rejected higher prices on Friday

262173
 

FXTechstrategy Team

Senior member
2,302 6
AUDUSD Faces Recovery Threats Though Vulnerable.

AUDUSD faces recovery risk though vulnerable medium term. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. Support resides at the 0.7000 level where a breach will aim at the 0.6950 level. Below here will set the stage for a run at the 0.6900 level with a cut through here targeting further downside pressure towards the 0.6850 level. On the whole, AUDUSD faces further downside threats but with caution of recovery.

262220
 

FXTechstrategy Team

Senior member
2,302 6
EURUSD Remains On Third Consecutive Day Of Gain

EURUSD remains on third consecutive day of bullish offensive as the pair eyes more strength. 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. 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 continues to threaten further upside pressure.

262255
 

FXTechstrategy Team

Senior member
2,302 6
GBPJPY Targets 147.19 Resistance Zone On More Recovery

GBPJPY targets 147.19 resistance zone on more correction. On the downside, support comes in at the 146.00 level where a violation will aim at the 145.50 level. A break below here will target the 145.00 level followed by the 144.50 level. Conversely, resistance is seen at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 148.00 level. Further out, resistance resides at the 148.50 level. Its daily RSI is bearish and pointing lower suggesting more gain. All in all, GBPJPY targets 147.19 resistance zone on more recovery.
 

FXTechstrategy Team

Senior member
2,302 6
GBPJPY Targets 147.19 Resistance Zone On More Recovery

GBPJPY targets 147.19 resistance zone on more correction. On the downside, support comes in at the 146.00 level where a violation will aim at the 145.50 level. A break below here will target the 145.00 level followed by the 144.50 level. Conversely, resistance is seen at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 148.00 level. Further out, resistance resides at the 148.50 level. Its daily RSI is bearish and pointing lower suggesting more gain. All in all, GBPJPY targets 147.19 resistance zone on more recovery.

262368
 

FXTechstrategy Team

Senior member
2,302 6
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.

262381
 

FXTechstrategy Team

Senior member
2,302 6
GOLD Recovery Threats Remain Intact Despite Price Hesitation

GOLD recovery threats remain intact despite price hesitation during Monday trading session. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 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. All in all, GOLD recovery threats remain intact though facing price hesitation.

262427
 

FXTechstrategy Team

Senior member
2,302 6
EURGBP Looks To Extend Gain On Price Reversal

EURGBP looks to extend gain on price reversal following its strong rally the past week. On the downside, support stands at the 0.8600 level where a violation will turn focus to the 0.8550 level. A break below here will aim at the 0.8500 level. Conversely, resistance lies at the 0.8650 level. A violation if seen will turn risk towards the 0.8700 level. Further up, resistance comes in at 0.8750 level followed by the 0.8800 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURGBP looks to extend gain on price reversal after its past week rally.

 

FXTechstrategy Team

Senior member
2,302 6
EURUSD Outlook Still Points Higher On Recovery

EURUSD outlook still points higher on recovery as we enter a 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. 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 outlook still points higher on recovery.

262660
 

FXTechstrategy Team

Senior member
2,302 6
USDCHF Targets Further Weakness On Bear Pressure

USDCHF targets further weakness on bear pressure as it sold off during Monday trading session. Resistance resides at the 1.0100 level. Above here, resistance lies at the 1.0150 level and then the 1.0200 level. Further out, resistance comes in at 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. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF targets further weakness on bear pressure.

262682
 

FXTechstrategy Team

Senior member
2,302 6
GBPUSD Retains Its Downside Pressure On Further Weakness

GBPUSD retains its downside pressure on further weakness. Support lies at 1.2850 as it look for more weakness. Below that level will open the door for more decline towards 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level. Further down, support lies at the 1.2650 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance stands at the 1.2950 with a turn above here allowing for additional strength to build up towards the 1.3000 level. Further out, resistance stands at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD retains its downside pressure on further weakness.

 

FXTechstrategy Team

Senior member
2,302 6
EURUSD Outlook Remains Lower In The Short Term

EURUSD outlook remains lower in the short term as we look for more decline to occur. 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 level. Its daily RSI9 is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD outlook remains lower in the short term.

262802
 

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