EURUSD

The pair is beginning to look heavy after bears successfully defended the 23.6% fibo, putting the bulls on the defensive as we see them try push back from the 38.2% fibo. With the current price around the 1.1250 zone we expect bulls to try for 1.1275 with targets at 1.1300, 1.1325 and 1.1350 while bears will look to capture 1.1225 with an eye on 1.1200, 1.1175 and 1.1150.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1139 1.1167 1.1195 1.1223 1.1251 1.1279 1.1307
WEEKLY 1.1001 1.1060 1.1143 1.1202 1.1285 1.1344 1.1427
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

The pair is back to test the major trend line with 1.2950 the level to capture if either side wants to secure a majority and move price in their favour. Bulls will look to control the area with targets at 1.2975, 1.3000 and 1.3025 while bears will look to capture 1.2950 as a stepping stone to 1.2925, 1.2900 and 1.2875.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2816 1.2883 1.2926 1.2993 1.3036 1.3103 1.3146
WEEKLY 1.2674 1.2793 1.2883 1.3002 1.3092 1.3211 1.3301
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

AUDUSD bears broke free and are currently testing the 0.7600 support level, 100 pips from the weeks high. We expect a good battle here with a possible retrace to 0.7625, 0.7650 and perhaps 0.7700. Provided that 0.7700 is not breached, bears will enjoy selling at bargain prices as the trend changes to bearish and they look to test lower with 0.7575, 0.7550 and 0.7525 in their scopes.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7505 0.7562 0.7599 0.7656 0.7693 0.7750 0.7787
WEEKLY 0.7291 0.7380 0.7500 0.7589 0.7709 0.7798 0.7918
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Bears managed to break south of the wedge and are currently testing 1325 after having broken decisively below the 50 and 100 EMA`s, effectively turning them into resistance which we expect they will leverage as they look to test 1320, 1315 and 1310. However, with oscillators in oversold levels we might see some upside should bulls manage to hold 1325 and we see 1330, 1335 and 1340 back on the cards.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1305.64 1310.17 1315.94 1320.47 1326.24 1330.77 1336.54
WEEKLY 1313.34 1318.67 1327.94 1333.27 1342.54 1347.87 1357.14
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20