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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2,398 6
USDCHF Bear Pressure opens Risk Towards The 0.9181 Zone

USDCHF faces risk of further move lower in the week following its past week weakness. Support comes in at the 0.9181 level. Below here, support lies at the 0.9150 level and then the 0.9100 level. Further down, support comes in at the 0.9050 level. Its weekly. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is located at the 0.9250 level with a turn above here opening the door for a move towards the 0.9300 level. And then the 0.9350 level. Further down, support comes in at the 0.9400 level. All in all, USDCHF remains biased to the downside in the medium term.

USDCHFDaily.png
 

FXTechstrategy Team

Senior member
2,398 6
EURUSD Breaks And Trades Above 1.1496 Resistance Zone

EURUSD looks to extend its past week gains in the new week after breaking above its key resistance at 1.1496 area. Resistance comes in at the 1.1700 with a break turning risk towards the 1.1750 level. A cut through here will target the 1.1800 level. Further up, resistance stands at the 1.1850. Its weekly RSI is bullish and pointing higher suggesting more strength. Conversely, on the downside, support comes in at 1.1600 level with a violation opening the door for further gain towards the 1.1550 level. Further down, resistance lies at the 1.1500 level. A cut through that level will clear the way for a move towards the 1.1450 level. All in all, EURUSD looks for more upside gain.

 

FXTechstrategy Team

Senior member
2,398 6
USDJPY Faces Risk Of More Weakness

USDJPY continues to face downside pressure as it extended it medium term downtrend on Tuesday. On the downside, support comes in at 104.50 level. Below this level will turn attention to the 104.00 level. Further down, we expect a possible move towards the 103.50 level. A cut through here will open the door for more gain towards the 103.00. On the upside, resistance comes in at the 105.50 level where a break will target the 106.60 level. Below that level will turn focus to the 107.00 level and then lower towards the 107.50 level. On the whole, USDJPY faces further downside threats medium term.


 

FXTechstrategy Team

Senior member
2,398 6
AUDUSD: Bullish, Presses Further Higher

AUDUSD looks to strengthen further as it retains its broader upside pressure. On the downside, support comes in at the 1.7150 level. A cut through here will turn focus to the 0.7100 level and then the 0.7050 level. A violation will set the stage for a retarget of the 0.7000 level. Conversely, resistance lies at the 0.7250 level where a breach will aim at the 0.7300 level. Below here will open the door for a run at the 0.7350 level and then the 0.7400 level. On the whole, AUDUSD faces further upside threats long term.




 

FXTechstrategy Team

Senior member
2,398 6
EURUSD Sees Price Back Off, Declines On Correction

EURUSD saw a price pullback on Friday opening the door for more weakness. Resistance comes in at the 1.1800 with a break turning risk towards the 1.1850 level. A cut through here will target the 1.1900 level. Further up, resistance stands at the 1.1950. Conversely, on the downside, support comes in at 1.1750 level with a violation opening the door for further gain towards the 1.1700 level. Further down, resistance lies at the 1.1700 level. A cut through that level will clear the way for a move towards the 1.1650 level. All in all, EURUSD looks for more downside pressure


EURUSD Sees Price Back Off, Declines On Correction
 

FXTechstrategy Team

Senior member
2,398 6
USDCAD Vulnerable, Risk Continues To Point Lower

USDCAD looks to extend its downside pressure in the days ahead. 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 break lower may occur. This if seen will trigger further weakness towards the 1.3150 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance stands at the 1.3350 level where a break will target the 1.3400 level. Further up, resistance resides at the 1.3450 level and then the 1.3500 level. All in all, USDCAD looks to decline further lower.


USDCAD Vulnerable, Risk Continues To Point Lower
 

FXTechstrategy Team

Senior member
2,398 6
USDCHF Rejects Lower Prices, Sees Recovery Higher

USDCHF faces risk of further a move higher after rejecting lower prices on Friday. Support comes in at the 0.9100 level. Below here, support lies at the 0.9050 level followed by the 0.9000 level. Further down, support comes in at the 0.8950 level. On the upside, resistance is seen at the 0.9150 level with a turn above here opening the door for a move higher towards the 0.9200 level. And then the 0.9250 level. Further up, resistance lies at the 0.9300 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on correction.


USDCHF faces risk of further a move higher after rejecting lower prices on Friday. Support comes in at the 0.9100 level. Below here, support lies at the 0.9050 level followed by the 0.9000 level. Further down, support comes in at the 0.8950 level. On the upside, resistance is seen at the 0.9150 level with a turn above here opening the door for a move higher towards the 0.9200 level. And then the 0.9250 level. Further up, resistance lies at the 0.9300 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on correction.
 

FXTechstrategy Team

Senior member
2,398 6
EURUSD Looks To Pullback Further On Price Sell Off

EURUSD saw a price weakness after selling off on Friday. This development leaves vulnerable to further declines. Resistance now comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1750 level with a violation opening the door for a run at the 1.1700 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EURUSD looks for more downside pressure on corrective pullback.


USDCHF faces risk of further a move higher after rejecting lower prices on Friday. Support comes in at the 0.9100 level. Below here, support lies at the 0.9050 level followed by the 0.9000 level. Further down, support comes in at the 0.8950 level. On the upside, resistance is seen at the 0.9150 level with a turn above here opening the door for a move higher towards the 0.9200 level. And then the 0.9250 level. Further up, resistance lies at the 0.9300 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on correction.
 

FXTechstrategy Team

Senior member
2,398 6
USDJPY Closes Higher Third Day In A Row

USDJPY saw more gain to close higher for a third day in a row on Wednesday. On the downside, support resides at 106.50 level. Below this level will turn focus to the 106.00 level. Further down, support is seen at the 105.50 level. A cut through here will open the door for more decline towards the 105.00. On the upside, resistance comes in at the 107.50 level where a break will target the 107.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 108.50 level. On the whole, USDJPY faces further upside threats on pullback

USDJPY Closes Higher Third Day In A Row
 

FXTechstrategy Team

Senior member
2,398 6
USDCHF Continues To Retain Downside Pressure

USDCHF continues to face risk of further move lower as it retains its broader downside pressure. Support comes in at the 0.9050 level. Below here, support lies at the 0.9000 level and then the 0.8950 level. Further down, support comes in at the 0.8900 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is located at the 0.9150 level with a turn above here opening the door for a move towards the 0.9200 level. And then the 0.9250 level. Further down, support comes in at the 0.9300 level. All in all, USDCHF remains biased to the downside in the medium term.


 

FXTechstrategy Team

Senior member
2,398 6
EURUSD Long Term Price Resumption Expected

EURUSD looks to strengthen further in it looks to resume its broader uptrend. Resistance now comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1800 level with a violation opening the door for a run at the 1.1750 level. Further down, support is seen at the 1.1700 level. A cut through that level will clear the way for a move towards the 1.1650 level. All in all, EURUSD looks for more downside pressure.



 

FXTechstrategy Team

Senior member
2,398 6
GBPUSD Risk Continues To Point Higher Long Term.

GBPUSD has resumed its long term uptrend with more strength expected. Support comes in at 1.3200 area with a break turning focus to the 1.3150 level. Further down, support lies at the 1.3100 level. A cut through here will turn focus to the 1.3050 level and then the 1.3000 level. On the upside, resistance is seen at the 1.3250 with a break above there allowing for morel 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 threats long term.

 

FXTechstrategy Team

Senior member
2,398 6
EURUSD Pressure Builds Up On 1.1710 Area

EURUSD looks to weaken further as it eyes its key support located at 1.1710. Resistance now comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1750 level with a violation opening the door for a run at the 1.1700 level. Further down, support is seen at the 1.1650 level. A cut through that level will clear the way for a move towards the 1.1600 level. All in all, EURUSD looks for more downside pressure.


 

FXTechstrategy Team

Senior member
2,398 6
USDJPY Strengthens, Eyes Key Resistance At 107.04

USDJPY looks to extend price gain following its strong rally during Tuesday trading session today. On the downside, support comes in at 106.00 level. Below this level will turn attention to the 105.50 level. Further down, support is seen at the 105.00 level. A cut through here will open the door for more decline towards the 104.50. On the upside, resistance comes in at the 107.00 level where a break will target the 107.50 level. Below that level will turn focus to the 108.00 level and then lower towards the 108.50 level. On the whole, USDJPY faces further upside threats in the days ahead.

 

FXTechstrategy Team

Senior member
2,398 6
GBPJPY Rallies, Extend Its Bull Pressure

GBPJPY looks to strengthen further higher in the days ahead following its rally on Thursday. On the downside, support comes in at the 140.00 level where a violation will aim at the 139.50 level. A break below here will target the 139.00 level followed by the 138.50 level. Conversely, resistance is seen at the 141.00 level followed by the 141.50 level. A cut through that level will set the stage for a move further higher towards the 142.00 level. Further out, resistance resides at the 142.50 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, GBPJPY remains biased to the upside in the medium term.


 
 
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