EUR/USD

Bulls managed to power through key resistance at 1.1000 and have made it as far as the 38.2 fibo level, where bears have stepped in to yet again look to defend the all-important 1.1050 level, which if bulls capture, sets up the pair for a longer term bullish run. Bears will look to recapture 1.1000 with eyes on 1.0975, 1.0950 and 1.0925. Upside targets are at 1.1025, 1.1050 and 1.1075.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.0910 1.0930 1.0962 1.0982 1.1014 1.1034 1.1066
Weekly 1.0787 1.0869 1.0923 1.1005 1.1059 1.1141 1.1195
Monthly 1.0339 1.0624 1.0864 1.1149 1.1389 1.1674 1.1914
 

GBPUSD

Cable formed a bearish head and shoulders on the H1 time frame and is ready to test the downside with target at 1.3075, 1.3050 and 1.0325. However, should bulls manage to regain control of 1.3100 we would see a resurgence of bullish power in an attempt to capture 1.3150 which would trigger stops and see the pair go bid to 1.3175,1.3200 and 1.3225.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.3029 1.3061 1.3101 1.3133 1.3173 1.3205 1.3245
Weekly 1.2755 1.2908 1.3010 1.3163 1.3265 1.3418 1.3520
Monthly 1.0706 1.1912 1.2611 1.3817 1.4516 1.5722 1.6421
 

AUDUSD

The pair popped through the 0.7500 resistance level overnight as we saw strong buying pressure come in. Currently 0.7525 is the new battle ground and should bulls capture this level, we would see them regroup to capture 0.7550, 0.7575 and 0.7600. Bears will throw everything at defending 0.7525 and ultimately to recapture 0.7500 and making their way to 0.7475, 0.7450 and 0.7425.


AUDUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 0.7398 0.7423 0.7446 0.7471 0.7494 0.7519 0.7542
Weekly 0.7227 0.7333 0.7399 0.7505 0.7571 0.7677 0.7743
Monthly 0.6767 0.6983 0.7217 0.7433 0.7667 0.7883 0.8117
 

GOLD

Gold remains subdued with a bearish sentiment and bears will be looking to capture 1310 as a stepping stone to 1300, 1290 and 1280. Bulls would need to capture 1335 should they wish to change the sentiment which would expose 1340, 1345 and 1350.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1311.74 1312.77 1316.04 1317.07 1320.34 1321.37 1324.64
Weekly 1286.74 1299.77 1311.44 1324.47 1336.14 1349.17 1360.84
Monthly 1080.46 1142.93 1230.66 1293.13 1380.86 1443.33 1531.06