EUR/USD

The EURUSD short term bearish trend is still in tack after bears successfully defended 1.1300, denying bulls a higher high which saw them fall back to the 23.6% fibo retracement. Should bears manage to capture the 50 and 100 EMA`s, closing below 1.1250, we would see them try for the low at 1.1185 with interim targets at 1.1250, 1.1225 and 1.1200. However, should bulls manage to capture the high at 1.1305, we would see them push higher with targets at 1.1325, 1.1350 and 1.1375.


EUR/USD
MONTHLY S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1260 1.1266 1.1272 1.1278 1.1284 1.1290 1.1296
WEEKLY 1.1017 1.1130 1.1191 1.1304 1.1365 1.1478 1.1539
MONTHLY 1.0426 1.0761 1.0947 1.1282 1.1468 1.1803 1.1989
 

USDJPY

The pair is trading over 200 pips lower than yesterday’s highs after bears took full control of the pair, blowing through several levels of support as the bearish trend continue to gain traction. 104.00 is the new line of scrummage and bears will look to gain the advantage with targets at 103.75, 103.50 and 103.25. Should bulls hold the line, we would expect them to try for 104.25, 104.50 and 104.75.


USDJPY
MONTHLY S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.68 103.85 104.00 104.17 104.32 104.49 104.64
WEEKLY 104.50 105.37 106.18 107.05 107.86 108.73 109.54
MONTHLY 101.06 103.29 107.00 109.23 112.94 115.17 118.88
 

AUDUSD

The pair managed to break above 0.7400 making a higher high and muddling the short term trend as we now enter consolidation. Bulls will need to close above 0.7450 to establish a bullish trend while bears will have to recapture 0.7325 to establish a bearish trend. For now it seems that 0.7400 will provide the new battle ground and if bulls manage to hold the level, we will see them target 0.7425, 0.7450 and 0.7475. However, if bears capture 0.7400, we will see them target 0.7375, 0.7350 and 0.7325.

AUDUSD
MONTHLY S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7377 0.7382 0.7386 0.7391 0.7395 0.7400 0.7404
WEEKLY 0.7094 0.7203 0.7287 0.7396 0.7480 0.7589 0.7673
MONTHLY 0.6428 0.6785 0.7009 0.7366 0.7590 0.7947 0.8171
 

GOLD

Gold has gone parabolic adding to this month gains, taking the tally to 110 USD as it continues to make a run for highs not seen since 2014. Upside targets are at 1310, 1315 and 1320. While bears will look to recapture 1300 in hopes of attracting more bears and forcing bulls to take profit as the look to target 1295, 1290 and 1285.


GOLD
MONTHLY S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1266.04 1272.42 1284.59 1290.97 1303.14 1309.52 1321.69
WEEKLY 1205.76 1221.13 1247.26 1262.63 1288.76 1304.13 1330.26
MONTHLY 1069.00 1134.00 1174.40 1239.40 1279.80 1344.80 1385.20