EUR/USD

The battle of the EURUSD is being fought around this year’s open of 1.0858 with both bulls and bears doing their best to maintain this level. Should bulls manage to close above 1.0868, they will look to target 1.0910, 1.0968 and 1.1000. However should bears manage a close below 1.0850, we would expect them to continue south to 1.0800, 1.0750 and 1.0700.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0777 1.0800 1.0835 1.0858 1.0893 1.0916 1.0951
WEEKLY 1.0624 1.0767 1.0851 1.0994 1.1078 1.1221 1.1305
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256
 

USD/JPY

USDJPY has managed to squeeze higher, with bulls finding the 114.50 target before being beaten back down to just above 113.00 where the H4 100 EMA provided support. Currently the pair is back above 114 and a close above 114.50 would see the pair look to test 115, 116 and 117. However, a close below 113.8 will see bears look to retake 113 and 112.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 111.53 112.36 112.92 113.75 114.31 115.14 115.70
WEEKLY 109.06 110.05 112.02 113.01 114.98 115.97 117.94
MONTHLY 111.70 113.83 117.44 119.57 123.18 125.31 128.92
 

NZD/USD

The NZDUSD has stopped short of the 0.6700 resistance level and bears appear in control for the moment, a close below 0.6650 would confirm bearish control as they try to retake losses made this week after a solid negative close for the pair last week. However if bull pressure increases and 0.67 is taken, then we would see further upside as bulls look to take 0.6750 and last week’s high of 0.67750.

NZD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.6516 0.6553 0.6607 0.6644 0.6698 0.6735 0.6789
WEEKLY 0.6355 0.6469 0.6549 0.6663 0.6743 0.6857 0.6937
MONTHLY 0.6105 0.6276 0.6434 0.6605 0.6763 0.6934 0.7092
 

CRUDE OIL

Crude is oscillating around 35 USD, trading above last week’s high as it looks for further direction. Bears will hope to conclude the recent retrace and with a close below 35 confirm a move towards 34 and 33. However a close above 35.50 will see bulls take control, driving for 36, 36.50 and 37.50 just above the daily 100 EMA.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 32.13 32.84 33.75 34.46 35.37 36.08 36.99
WEEKLY 24.74 27.11 29.95 32.32 35.16 37.53 40.37
MONTHLY 14.87 20.53 27.07 32.73 39.27 44.93 51.47