EUR/USD

EURUSD bulls were capped at 1.1375 and could not break higher after strong attempts for 1.1400. Bears have managed to push prices to the 1.1200 support zone with the hourly MACD firmly bearish. Downside targets are at 1.1150, 1.1100 and 1.1075. Should bull manage a close above 1.1250, they would target 1.1300, 1.1350 and 1.1375 as they retry for 1.1400.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1174 1.1195 1.1210 1.1231 1.1246 1.1267 1.1282
WEEKLY 1.0810 1.0947 1.1104 1.1241 1.1398 1.1535 1.1692
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256
 

GBP/USD

The GBPUSD continues to trade sideways with the top of the range being formed at 1.4545 and the floor at 1.4450, making for predictable trading for now. Bulls will look to buy support with targets at 1.4545, 1.4590 and 1.46650. However, it will take something special to break above 1.4550 were bears will look to launch their assault on 1.4450 and 1.4400 after closing below 1.4500

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4465 1.4481 1.4491 1.4507 1.4523 1.4533 1.4549
WEEKLY 1.4149 1.4250 1.4378 1.4479 1.4607 1.4708 1.4836
MONTHLY 1.3209 1.3644 1.3945 1.4380 1.4681 1.5116 1.5417
 

GOLD

Gold found strong resistance at 1263.50 as the precious metal peaked above the 100 monthly EMA before being hammered lower by 55 USD since Thursday. Support lies at 1200, 1192 and 1180. To the upside, resistance is expected at 1213, 1225 and 1240 dollars.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1223.13 1230.85 1231.31 1233.63 1235.35 12.3641 1238.13
WEEKLY 1125.83 1162.43 1185.03 1221.63 1258.23 1280.83 1317.43
MONTHLY 1039.27 1063.14 1077.89 1101.77 1125.64 1140.39 1164.27
 

CRUDE OIL

Crude managed a sharp rebound from last week’s lows of 28.35, as bears failed to take out this year’s lows of 27.68. Currently crude is trading at 31.30 with upside targets at 32, 33 and 34 dollars as bulls look to deepen the retracements from recent drops. Should bears manage a close below 31, they would target 30, 29 and 28 dollars as they look to retest what appears to be the formation of a double bottom.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 28.85 28.93 28.99 29.07 29.15 29.21 29.29
WEEKLY 23.63 25.67 26.92 28.96 31.00 32.25 34.29
MONTHLY 20.53 25.19 28.07 32.73 37.39 40.27 44.93