EURUSD Looks To Extend Downside Pressure On Sell-Off

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FXTechstrategy
Join date: 2016.05.13
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#61

GOLD: Targets Further Upside Pressure On Price Extension

GOLD: The commodity remains biased to the upside following its price extension the past week. This development leaves more strength to the upside in the new week. On the downside, support comes in at the 1,190.00 level where a break will turn attention to  the 1,180.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,170.00 level. Below here if seen could  trigger further downside pressure targeting the  1,160.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the  1,210.00 level. A turn above there will expose the  1,220.00 level. Further out, resistance stands at  the 1,230.00 level. All in all, GOLD looks to recover further higher.

  

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#62

EURUSD: Rallies, Resumes Short Term Uptrend

EURUSD: With the pair rallying to stop its weakness on Tuesday, 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 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure in the short term 

 

FXTechstrategy
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#63

GOLD:  Set To Extend Short Term Upside Pressure

GOLD: The commodity remains on the offensive in the short term despite its present price hesitation. On the downside, support comes in at the 1,200.00 level where a break will turn attention to  the 1,190.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,180.00 level. Below here if seen could  trigger further downside pressure targeting the  1,170.00 level. Conversely, resistance resides at the 1,220.00 level where a break will aim at the  1,230.00 level. A turn above there will expose the  1,240.00 level. Further out, resistance stands at  the 1,250.00 level. All in all, GOLD looks to strengthen further.

 

FXTechstrategy
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#64

EURUSD: Bullish, Eyes More Recovery Higher

EURUSD: With the pair closing higher the past week, further bullishness is likely in the new week. 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 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further upside pressure in the new week.

 

FXTechstrategy
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#65

EURUSD: Pulls Back, Targets 1.0651 Zone

EURUSD: With the pair pulling back on Tuesday and remaining vulnerable to the downside, risk of a follow through lower is likely. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. All in all, EURUSD faces further downside pressure. 

  

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#66

EURUSD: Risk Remains Lower On Further Weakness

 EURUSD: With the pair closing flat the past week after rejecting higher prices the past week, further weakness is likely in the new week. 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 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further downside pressure in the new week as long as it trades and holds below the 1.0774 zone.

 

FXTechstrategy
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#67

EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

EURUSD: With the pair strengthening strongly during Tuesday trading session today, more bull pressure is envisaged. We expect to first retarget its resistance located at 1.0774 level. On the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, All in all, EURUSD faces further upside pressure short term 

 

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#68

GBPUSD: Strengthens, Risk Builds Up On 1.2673/1.2700 Zone

GBPUSD: GBP was seen building up on its Tuesday bullish price action during Wednesday trading session today. This development has left the pair targeting its key upside targets seen at 1.2673/1.2700 zone. Support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support  lies at the 1.2500 level. Below here will set the stage for more weakness towards the 1.2450 level. Conversely, resistance stands at the 1.2700 levels with a turn above here allowing more strength to build up towards the 1.2750 level. Further out, resistance  resides at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD threatens further upside pressure.

 

FXTechstrategy
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#69

GOLD:  Remains Bullish In The Short Term

 GOLD: The commodity rallied on Thursday following its recent bullish short term uptrend. On the downside, support comes in at the 1,210.00 level where a break will turn attention to  the 1,200.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,190.00 level. Below here if seen could  trigger further downside pressure targeting the  1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the  1,240.00 level. A turn above there will expose the  1,250.00 level. Further out, resistance stands at  the 1,260.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further in the days ahead.

 

FXTechstrategy
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#70

GOLD:  Remains Bullish In The Short Term

GOLD: The commodity rallied on Thursday following its recent bullish short term uptrend. On the downside, support comes in at the 1,210.00 level where a break will turn attention to  the 1,200.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,190.00 level. Below here if seen could  trigger further downside pressure targeting the  1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the  1,240.00 level. A turn above there will expose the  1,250.00 level. Further out, resistance stands at  the 1,260.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further in the days ahead. 

 

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#71

USDCHF: Risk Continues To Build On The Downside

USDCHF: The pair weakened further the past week leaving risk of more decline on the cards. 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. Its daily RSI is bearish and pointing lower supporting this view. 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. All in all, USDCHF remains biased to the downside on further weakness.

 

 

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#72

EURUSD: Risk Remains Higher On More Strength

 EURUSD: With the pair closing higher the past week, further bullishness is envisaged in the new week. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure short term

 

FXTechstrategy
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#73

EURUSD: Vulnerable, Sees Bear Pressure

EURUSD: With the pair seen weakening on a follow through on the back of its Monday losses, more decline should occur on correction. 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. Conversely, 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. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure on correction.

 

FXTechstrategy
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#74

EURUSD: Vulnerable, Targets Further Weakness

EURUSD: With the pair closing lower the past week on correction, further weakness may occur in the new week. However, we think a move back up could happen.  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. Conversely, 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. All in all, EURUSD faces further downside pressure but with caution. 

 

FXTechstrategy
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#75

USDCHF: Declines, Looks To Weaken Further

USDCHF: The pair continues to look for more weakness on loss of upside pressure. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900 level. On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance comes in at the 1.0200 level. All in all, USDCHF remains biased to the downside on further weakness.