EUR/USD

The pair has found strong support circa the 1.0850 support zone as we see the early stages of a double bottom forming. Should bull’s manage to close above 1.0875, we will see them use the new support zone as a springboard for higher targets at 1.0900, 1.0925 and 1.0950. However, should bears manage to keep control of 1.0875 and capture 1.0850, we would see further downside as key support is retested and bears hunt for 1.0825, 1.0800 and 1.0775.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0863 1.0868 1.0874 1.0879 1.0885 1.0890 1.0896
WEEKLY 1.0629 1.0743 1.0813 1.0927 1.0997 1.1111 1.1181
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bears have successfully defended the 104.00 key resistance level which is fortified by the daily 100 EMA and bulls will have to retake 104.00 if they have any intentions of targeting 104.25, 104.50 and 104.75. However, should bears capture 103.75, we will likely see them dominate the heavy looking pair, targeting 103.50, 103.25 and 103.00.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.67 103.75 103.84 103.92 104.01 104.09 104.18
WEEKLY 101.91 102.53 103.18 103.80 104.45 105.07 105.72
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

Bulls have taken control early this week by pushing the pair back above the 100 EMA as they look to make another attempt on 0.7730 with interim targets at 0.7650, 0.7675 and 0.7700. However, should bears find their second wind and capture 0.7600, we might just see a deeper retrace with 0.7575, 0.7550 and 0.7525 up for grabs.

AUDUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7589 0.7595 0.7599 0.7605 0.7609 0.7615 0.7619
WEEKLY 0.7382 0.7480 0.7543 0.7641 0.7704 0.7802 0.7865
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

Bulls held up the precious metal at the 1260 support level yet again as they currently look to solidify their hold on 1265 as a first step to targeting 1270, 1275 and 1280. However, should bears manage to hold 1265, we are likely to see them look to recapture 1260 which if successful will open the door for 1255 and 1250.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1257.30 1260.15 1261.85 1264.70 1266.40 1269.25 1270.95
WEEKLY 1231.76 1240.83 1253.36 1262.43 1274.96 1284.03 1296.56
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04