EURUSD

The pair has been consolidating between the H4 100 and 200 EMA as further direction is sought. Bears will be looking to capture the 1.0550 level as a starting point to further downside with potential targets at 1.0525, 1.0500 and 1.0475. Bulls, on the other hand, will look to capture 1.0575 with hopes of targeting 1.0600, 1.0625 and 1.0650.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0447 1.0498 1.0526 1.0577 1.0605 1.0656 1.0684
WEEKLY 1.0089 1.0214 1.0374 1.0499 1.0659 1.0787 1.0944
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

The pair has managed to put in a higher high on the hourly timeframe with a clear divergence in price and the stochastic oscillator, implying that we might see some upside provided that bulls can capture 1.2175 with potential targets at 1.2200, 1.2225 and 1.2250. However, if bears manage to capture 1.2150, we will see them target 1.2125, 1.2100 and 1.2075 as they look to extend their gains.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2036 1.2070 1.2123 1.2157 1.2210 1.2244 1.2297
WEEKLY 1.1938 1.2068 1.2178 1.2308 1.2418 1.2548 1.2658
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

AUDUSD

The pair remains bid as bulls appear relentless, squeezing higher but without a convincing run on the 0.7400 handle. As it stands bulls will look to keep prices above 0.7375 with targets at 0.7400, 0.7425 and 0.7450. However, if bears manage to capture 0.7375, we will see further downside as the momentum begins to shift with potential targets at 0.7350, 0.7325 and 0.7300.

  AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7281 0.7305 0.7337 0.7361 0.7393 0.7417 0.7449
WEEKLY 0.6982 0.7071 0.7185 0.7274 0.7388 0.7477 0.7591
MONTHLY 0.6698 0.6925 0.7071 0.7298 0.7444 0.7671 0.7817
 

GOLD

Gold continues to squeeze higher with bulls currently testing the 1190 level which they will look to clear in hopes of testing the all-important 1200 handle. Bears will look to defend a move higher as they look to sell the precious metal at a relative bargain price, over 60 USD higher than last month’s lows in hopes of targeting 1185, 1180 and 1175.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1174.76 1178.53 1181.36 1185.13 1187.96 1191.73 1194.56
WEEKLY 1114.36 1130.43 1151.16 1167.23 1187.96 1204.03 1224.76
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96