EURUSD Looks To Extend Downside Pressure On Sell-Off

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FXTechstrategy
Join date: 2016.05.13
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#1
EURUSD: Having EURUSD sold off the past week, further downside pressure is expected. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its weekly RSI  is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. All in all, EURUSD remains biased to the downside on more weakness

 


FXTechstrategy
Join date: 2016.05.13
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#2

USDCHF: Resumes Short Term Bullish Uptrend

USDCHF: The pair maintains its medium term uptrend leaving risk higher in the new week. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 1.0000 level where a break will clear  the way for more strength to occur towards the  1.0050 level. Further out, resistance comes in at the  1.0100 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to  the upside on more strength. 

 

FXTechstrategy
Join date: 2016.05.13
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#3

EURUSD: Continues To Face Downside Pressure

 


EURUSD: The pair closed lower the past week following its price extension.  Support lies at the 1.0900 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. Its weekly RSI is bearish and pointing lower suggesting further weakness.  All in all, EURUSD faces further downside risk.

 

FXTechstrategy
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#4

GOLD Looks To Extend Corrective Recovery

GOLD: Having triggered a recovery the past week, more strength is envisaged. On the downside, support comes in at the 1,260.00 level where a break will turn attention to  the 1,250.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,240.00 level. Below here if seen could  trigger further downside pressure targeting the  1,230.00 level. Conversely, resistance resides at the 1,280.00 level where a break will aim at the  1,290.00 level. A turn above there will expose the  1,300.00 level. Further out, resistance stands at  the 1,310.00 level. All in all, GOLD looks to recover higher on correction. 

FXTechstrategy
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#5

EURUSD: Retains Its Downside Pressure

 EURUSD: The pair continues to hold on to its downside leaving risk of more decline on the cards. Support lies at the 1.0900 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. Its weekly RSI is bearish and pointing lower suggesting further weakness.  All in all, EURUSD faces further downside risk.

  

FXTechstrategy
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#6

EURUSD: Bullish, Remains On The Offensive

EURUSD: The pair has triggered a strong rally on recovery higher on Wednesday. This development has left EURUSD targeting further bullishness. On the downside, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.8000 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, EURUSD faces further recovery threats in the days ahead.

 

FXTechstrategy
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#7

GOLD Vulnerable To The Downside On Bear Pressure

GOLD: Having rejected upside pressure to close lower on Wednesday, further weakness is envisaged. On the downside, support comes in at the 1,260.00 level where a break will turn attention to  the 1,250.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,240.00 level. Below here if seen could  trigger further downside pressure targeting the  1,230.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1,270.00 level where a break will aim at the  1,280.00 level. A turn above there will expose the  1,290.00 level. Further out, resistance stands at  the 1,300.00 level. All in all, GOLD looks to recover higher on correction.

 

FXTechstrategy
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#8

EURUSD Rejects Lower Level Prices With Eyes On The Upside

EURUSD: The pair closed higher on a correction the past week. This development has left EUR threatening further upside pressure. On the down, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. All in all, EURUSD faces a recovery threat in the new week. 

 

FXTechstrategy
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#9

GBPUSD: Risk Remains Higher On Corrective Pressure

GBPUSD: The pair continues to retain its downside pressure but looks to recover higher. On the downside, support lies at the 1.2200 level where a break will turn attention to the 1.2150 level. Further down, support  lies at the 1.2100 level. Below here will set the stage  for more weakness towards the 1.2050 level. Conversely, resistance stands at the 1.2300 levels with  a turn above here allowing more strength to build up towards the 1.2350 level. Further out, resistance  resides at the 1.2400 level followed by the 1.2450 level. On the whole, GBPUSD threatens recovery higher. 

 

FXTechstrategy
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#10

EURUSD: Rallies With Eyes On 1.1122 Resistance Zone

 EURUSD: The pair closed strongly higher on Tuesday leaving risk higher in the days ahead towards its key resistance at 1.1122 level. On the down, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. Conversely, on the upside, resistance comes in at 1.1100 level with a cut through here opening the door for more upside towards the 1.1150 level. Further up, resistance lies at the 1.1200 level where a break will expose the 1.1250 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces  further recovery higher on the days ahead.

 

FXTechstrategy
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#11
USDJPY: With the pair dropping further on Wednesday, further weakness is likely. On the downside, support comes in at the 104.50 level where a break if seen will aim at the 104.00 level.  A cut through here will turn focus to the 103.50 level and possibly lower towards the 103.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the  upside, resistance resides at the 105.00 level. Further out, we envisage a possible move towards the 105.50  level. Further out, resistance resides at the 106.00  level with a turn above here aiming at the 106.50 level. On the whole, USDJPY looks to move further lower on corrective pullback.

 


FXTechstrategy
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#12

GBPUSD Rallies On Corrective Recovery

GBPUSD: The pair continues to retain its upside pressure following its strong rally on Thursday. On the downside, support lies at the 1.2400 level where a break will turn attention to the 1.2350 level. Further down, support  lies at the 1.2300 level. Below here will set the stage  for more weakness towards the 1.2250 level. Conversely, resistance stands at the 1.2500 levels with  a turn above here allowing more strength to build up towards the 1.2550 level. Further out, resistance  resides at the 1.2600 level followed by the 1.2650 level. Its daily RSI is bullish and pointing higher supporting this view. On the whole, GBPUSD threatens further recovery higher. 

forextrendy
Join date: 2016.11.03
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#13
FXTechstrategy:
EURUSD: Having EURUSD sold off the past week, further downside pressure is expected. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its weekly RSI  is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. All in all, EURUSD remains biased to the downside on more weakness

 


EURUSD should test 1.12 level ?

forextrendy
Join date: 2016.11.03
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#14
FXTechstrategy:

GBPUSD: Risk Remains Higher On Corrective Pressure

GBPUSD: The pair continues to retain its downside pressure but looks to recover higher. On the downside, support lies at the 1.2200 level where a break will turn attention to the 1.2150 level. Further down, support  lies at the 1.2100 level. Below here will set the stage  for more weakness towards the 1.2050 level. Conversely, resistance stands at the 1.2300 levels with  a turn above here allowing more strength to build up towards the 1.2350 level. Further out, resistance  resides at the 1.2400 level followed by the 1.2450 level. On the whole, GBPUSD threatens recovery higher. 

GBPUSD IS IN A WIDE FLAT

I will wait for good trend signal from my Forex Trendy Scanner  

 

FXTechstrategy
Join date: 2016.05.13
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#15

USDCHF Builds Up On Downside Pressure

USDCHF: The pair extended its weakness the past week following its recent bear pressure. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear  the way for more strength to occur towards the  0.9750 level. Further out, resistance comes in at the  0.9800 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to  the downside on correction.