FXTechstrategy Team: Forex Analysis

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


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FXTechstrategy Team

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2,317 6
EURUSD Recovery Threats Build Up

EURUSD with the pair backing off lower prices on Friday, a follow through higher is expected. Resistance comes in at the 1.1100 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EURUSD expects more weakness in the days ahead
 

FXTechstrategy Team

Senior member
2,317 6
AUDUSD Continues To Retains Its Corrective Upside Pressure

AUDUSD threatens further upside pressure following its price reversal on Friday. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6700 level. A violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level. Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, AUDUSD faces further upside threats on correction.

 

FXTechstrategy Team

Senior member
2,317 6
NZDUSD Looks To Recover Further Higher Towards The 0.6465 Zone.

NZDUSD the pair closed further higher on Monday leaving risk of more strength in the days ahead. Support lies at the 0.6400 level where a break will turn attention to the 0.6350 level. A break of here will have to happen to create scope for a move higher towards the 0.6300 level. Further out, resistance resides at the 0.6250 level. Conversely, resistance stands at the 0.6500 level. Further down, the 0.6550 level comes in as the next downside target and then the 0.6600 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, NZDUSD faces further upside threats in the days ahead.

 

FXTechstrategy Team

Senior member
2,317 6
USDCHF Continues To Target The 1.0027 Level

USDCHF with the pair retaining its short term uptrend, more strength is expected. Resistance comes in at the 1.0000 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. Its daily RSI is bullish and ,pointing higher suggesting further strength. On the downside, support is located at the 0.9950 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support comes in at the 0.9750 level. All in all, USDCHF remains biased to the upside short term.

 

FXTechstrategy Team

Senior member
2,317 6
AUDUSD Vulnerable, Targets Further Weakness

AUDUSD threatens further downside pressure as it looks to weaken further lower in the days ahead. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6650 level. A violation will set the stage for a retarget of the 0.6600 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level. Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, AUDUSD faces further upside threats on correction.

 

FXTechstrategy Team

Senior member
2,317 6
GBPUSD Threatens The 1.2984 Resistance Zone

GBPUSD with the pair continuing to target higher prices, move gain is expected towards the 1.2984 resistance zone. Support lies at 1.2950 area with a break below that level turning focus to the 1.2900 level. Further down, support comes in the 1.2850 level where a violation will shift focus to the 1.2800 level. Below here will open the door towards the 1.2750 level. On the upside, resistance is located at the 1.3050 with a break above there allowing for morel strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3100 level. On the whole, GBPUSD retains its broader upside pressure.


 

FXTechstrategy Team

Senior member
2,317 6
EURUSD Vulnerable But With Recovery Threats

EURUSD with the pair continuing to retain its downside pressure, more decline is expected though with caution of recovery. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more weakness in the days ahead

 

FXTechstrategy Team

Senior member
2,317 6
EURUSD Hesitates But Remains Vulnerable

EURUSD with the pair continuing to retain its consolidation threats, directional move is now a challenge. Resistance comes in at the 1.1100 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more gain in the days ahead.


 

FXTechstrategy Team

Senior member
2,317 6
USDCHF Faces Further Weakness But With Warning

USDCHF may be consolidating but faces risk of a move further lower. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. Its weakly RSI is bearish and pointing lower suggesting further weakness. On the downside, support is located at the 0.9850 level with a turn below here opening the door for more decline towards the 0.9800 level. And then the 0.9750 level. Further down, support comes in at the 0.9700 level. All in all, USDCHF remains biased to the downside on price weakness.

 

FXTechstrategy Team

Senior member
2,317 6
EURUSD Rejects Higher Prices, Eyes Further Weakness

EURUSD with the pair backing off higher prices on Friday, more decline is envisaged. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more weakness to occur in the days ahead.

 

FXTechstrategy Team

Senior member
2,317 6
GBPUSD Tumbles On Sell Off, Closes Gap

GBPUSD continues look more weakness after tumbling lower on sell off during Tuesday trading session. Support lies at 1.3100 area with a break below that level turning focus to the 1.3050 level. Further down, support comes in the 1.3000 level where a violation will shift focus to the 1.2950 level. Below here will open the door towards the 1.2900 level. On the upside, resistance is located at the 1.3200 with a break above there allowing for morel strength to build up towards the 1.3250 level. Further out, resistance stands at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD faces further pullback threats on the back of its Tuesday sell off.


 

FXTechstrategy Team

Senior member
2,317 6
EURUSD Risk Continues To Point Lower On Bear Pressure

EURUSD with the pair continuing to reject higher prices and declining on Wednesday, more decline is envisaged in the days ahead. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more weakness to occur in the days ahead.

 

FXTechstrategy Team

Senior member
2,317 6
EURJPY Downside Pressure Remains With Eyes On 121.01 Zone

EURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level. On the upside, resistance comes in at the 122.00 level. Further out, we envisage a possible move towards the 122.50 level of the former level. Further out, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. On the whole, EURJPY continues to retain its downside pressure nearer term.


 

FXTechstrategy Team

Senior member
2,317 6
GBPUSD Retains Short Term Downside Pressure With Eyes On 1.2930

GBPUSD remains vulnerable to the downside as we look for more weakness. Support lies at 1.3000 area with a break below that level turning focus to the 1.2950 level. Further down, support comes in the 1.2900 level where a violation will shift focus to the 1.2850 level. Below here will open the door towards the 1.2800 level. On the upside, resistance is located at the 1.3050 with a break above there allowing for morel 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 pullback threats on the back of its short term weakness.


 

FXTechstrategy Team

Senior member
2,317 6
EURUSD with the pair continuing to retain its downside pressure, more decline is expected. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level. Further up, resistance stands at the 1.1300. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more weakness to occur in the days ahead.


 

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