EURUSD Looks To Extend Downside Pressure On Sell-Off

+ New Comment
FXTechstrategy
Join date: 2016.05.13
Private message
#46

GBPUSD: Vulnerable, Declines On Bear Pressure

GBPUSD: The pair remains vulnerable to the downside having continued to face bear pressure. On the downside, support lies at the 1.2300 level where a break will turn attention to the 1.2250 level. Further down, support  lies at the 1.2200 level. Below here will set the stage  for more weakness towards the 1.2150 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.2400 levels with a turn above here allowing more strength to build up towards the 1.2450 level. Further out, resistance  resides at the 1.2500 level followed by the 1.2550 level. On the whole, GBPUSD threatens further downside pressure. 

  

FXTechstrategy
Join date: 2016.05.13
Private message
#47

CRUDE OIL: Bullish, Eyes Key Resistance At 54.48 Zone

CRUDE OIL: The commodity now looks to retarget its key resistance located the 54.48 level as it continues to retain its broader medium term uptrend bias. On the downside, support resides at the 53.00 level where a break will expose  the 52.00 level. A cut through here will set  the stage for a run at the 51.00 level. Further down, support resides at the 50.00  level. On the upside, resistance resides at the 54.00 level. Further out, resistance  comes in at the 55.00 level. A break above  here will aim at the 56.00 level and then  the 57.00 level followed by the 58.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside medium term. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#48

EURUSD: Loses Upside Momentum, Risk Points Lower

EURUSD: The pair lost its intra day gains to close marginally higher on Thursday. This development has opened the door for a possible move lower in anticipation of trend resumption. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0500 level with a cut through here opening the door for more upside towards the 1.0550 level. Further up, resistance lies at the 1.0600 level where a break will expose the 1.0670 level. All in all, EURUSD faces further Downside pressure after rejecting higher prices on Thursday. 

  

FXTechstrategy
Join date: 2016.05.13
Private message
#49

EURUSD: Retains Broader Downside Bias With Trend Resumption Risk

EURUSD: The pair continues to face downside pressure medium term as it looks to resume is its broader weakness presently on hold. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0500 level with a cut through here opening the door for more upside towards the 1.0550 level. Further up, resistance lies at the 1.0600 level where a break will expose the 1.0670 level. All in all, EURUSD faces further downside pressure in the medium term despite price hesitation.

 

csc2009
Join date: 2014.04.08
Private message
#50
Valuable information. 
FXTechstrategy
Join date: 2016.05.13
Private message
#51

GOLD: The commodity continues to hold on to its broader downside pressure following a loss of up momentum on Tuesday. On the downside, support comes in at the 1,130.00 level where a break will turn attention to  the 1,120.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,110.00 level. Below here if seen could  trigger further downside pressure targeting the  1,100.00 level. Conversely, resistance resides at the 1,150.00 level where a break will aim at the  1,160.00 level. A turn above there will expose the  1,170.00 level. Further out, resistance stands at  the 1,180.00 level. All in all, GOLD looks to weaken further on trend resumption.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#52

EURUSD Loses Upside Momentum, Vulnerable

 EURUSD: The pair rejected higher prices to print a rejection candle on Friday. This development leaves risk lower in the new week on a possible price resumption. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0600 level. Further up, resistance lies at the 1.0650 level where a break will expose the 1.0700 level. All in all, EURUSD faces further downside pressure medium term.

 

csc2009
Join date: 2014.04.08
Private message
#53
This week the pair probably would still be trading flat before nonfarm payrolls on Friday.
FXTechstrategy
Join date: 2016.05.13
Private message
#54

USDJPY: Recovers Further Higher, Eyes 118.00 Zone

USDJPY: The pair looks to recover higher following a move further higher on Monday. On the downside, support comes in at the 117.00 level where a break if seen will aim at the 116.50 level.  A cut through here will turn focus to the 116.00 level and possibly lower towards the 115.50 level. On the  upside, resistance resides at the 118.00 level. Further out, we envisage a possible move towards the 118.50  level. Further out, resistance resides at the 119.00  level with a turn above here aiming at the 119.50 level. Its daily RSI is bullish and pointing higher suggesting further u[side pressure. On the whole, USDJPY looks to extend its upside pressure.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#55

GBPUSD: Looks To Build Up On Gains But With Caution

GBPUSD: Having the pair taken back its Tuesday weakness to close higher on Wednesday, more strength is likely in the days ahead. But beware of price hesitation. Support lies at the 1.2250 level where a break will turn attention to the 1.2200 level. Further down, support  lies at the 1.2150 level. Below here will set the stage  for more weakness towards the 1.2100 level. Conversely, resistance stands at the 1.2350 levels with a turn above here allowing more strength to build up towards the 1.2400 level. Further out, resistance  resides at the 1.2450 level followed by the 1.2500 level. On the whole, GBPUSD threatens further upside pressure.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#56

EURUSD: Vulnerable, Faces Corrective Pull Back

EURUSD: The pair may have closed slightly higher on the weekly chart the past week but faces corrective pullback threats. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Conversely, on the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level. All in all, EURUSD faces further downside pressure medium term.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#57

GOLD:  Sees Corrective Recovery Higher But With Caution

 GOLD: The commodity closed higher the past but could face correction in the new week. On the downside, support comes in at the 1,160.00 level where a break will turn attention to  the 1,150.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,140.00 level. Below here if seen could  trigger further downside pressure targeting the  1,130.00 level. Conversely, resistance resides at the 1,180.00 level where a break will aim at the  1,190.00 level. A turn above there will expose the  1,200.00 level. Further out, resistance stands at  the 1,250.00 level. All in all, GOLD looks to weaken further on trend resumption.

  

FXTechstrategy
Join date: 2016.05.13
Private message
#58

EURUSD: Rallies, Sees Further Bullishness

EURUSD: With the pair taking back its intra day losses to close higher on Wednesday and following through on a rally during Thursday trading session, more strength is envisaged. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EURUSD faces further upside pressure on price rally.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#59

USDCHF: Remains Vulnerable To The Downside But With Caution

USDCHF: The pair closed further lower the past week though we could see a recovery higher in the new week. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.0000 level and then the 0.9950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0150 level where a break will clear the way for more strength to occur towards the 1.0200 level. Further out, resistance comes in at the 1.0250 level. All in all, USDCHF remains biased to the downside on further weakness. 

  

FXTechstrategy
Join date: 2016.05.13
Private message
#60

EURUSD: Bullish, Retains Its Recovery Bias

EURUSD: With the pair closing higher the past week, further bullishness is expected in the new week. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Its weekly RSI is bullish and pointing higher suggesting further strength.  All in all, EURUSD faces further upside pressure but with caution.