EUR/USD

Bulls have managed to keep prices bid above the 1.0710 support level as they look to form a floor from which to launch their assault on higher prices. As its stand, if bulls capture 1.0750, we will likely see a move higher to 1.0775, 1.0800 and 1.0825. However, should bears manage to capture 1.0715, we would see further downside as bears look to make new lows at 1.0700, 1.0675 and 1.0650.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0574 1.0642 1.0681 1.0749 1.0788 1.0856 1.0895
WEEKLY 1.0209 1.0518 1.0687 1.0996 1.1165 1.1474 1.1643
MONTHLY 1.0408 1.0628 1.0805 1.1025 1.1202 1.1422 1.1599
 

GBPUSD

Cable found support at the H4 200 EMA despite strong selling pressure by bears. The pair held up at above the 1.2400 support level and has since moved higher to test the 1.2500 resistance level. As its stands a capture of 1.2500 by bulls will open the way for further upside with targets at 1.2550, 1.2600 and 1.2650 while if bears can take control of 1.2500, we might see yet another dip to 1.2475, 1.2450 and 1.2425.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2226 1.2302 1.2379 1.2455 1.2532 1.2608 1.2685
WEEKLY 1.2083 1.2216 1.2409 1.2542 1.2735 1.2868 1.3061
MONTHLY 0.9982 1.0716 1.1480 1.2214 1.2978 1.3712 1.4476
 

AUDUSD

The pair has entered its third day of consolidation as we see strong support at 0.7525 and strong resistance at 0.7575. Should bulls capture 0.7550, we expect them to challenge the top of the range and beyond to the 0.7625 key resistance level while a capture of 0.7525 by bears could imply further downside with targets at 0.7500, 0.7475 and 0.7450.

AUDUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7440 0.7473 0.7516 0.7549 0.7592 0.7625 0.7668
WEEKLY 0.7193 0.7356 0.7454 0.7617 0.7715 0.7878 0.7976
MONTHLY 0.7266 0.7385 0.7497 0.7616 0.7728 0.7847 0.7959
 

GOLD

Gold continues to consolidate after pulling up from the 1208 support level to trade in a range between 1215 and 1230. Should bulls capture 1230, we will see potential upside to 1235, 1240 and 1250 while if bears manage to break the short term uptrend, closing below 1225, we will see further downside to 1220, 1215 and 1210.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1207.10 1212.80 1219.85 1225.55 1232.60 1238.30 1245.35
WEEKLY 1089.36 1154.23 1188.86 1253.73 1288.36 1353.23 1387.86
MONTHLY 1174.44 1211.97 1241.74 1279.27 1309.04 1346.57 1376.34