EUR/USD

The pair is still consolidating after its breakout to the downside last week and is oscillating around the H1 50 and 100 EMA as it seeks further direction. A break below 1.1275 will see bears try for 1.1200 with interim targets at 1.1250 and 1.1225. However, should bulls manage to capture 1.1300, we will them try for 1.1325, 1.1350 and 1.1375.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1273 1.1281 1.1289 1.1297 1.1305 1.1313 1.1321
WEEKLY 1.0952 1.1092 1.1187 1.1327 1.1422 1.1562 1.1657
MONTHLY 1.0402 1.0611 1.0995 1.1204 1.1588 1.1797 1.2181
 

USDCAD

Bulls have manage to claw back some of their recent losses and have staged a comeback worth more than 250pips as they retest the 50% mark of this month’s 500 pip drop. Currently the pair is retesting 1.2950 and if bulls mange to hold out, we will see them retest 1.300, 1.3050 and 1.3100. However, if bears take control of 1.2950, we will see them retest this month’s lows with interim targets at 1.2900, 1.2850 and 1.2800.

USDCAD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 108.35 108.63 108.98 109.26 109.61 109.89 110.24
WEEKLY 102.49 105.09 106.60 109.20 110.71 113.31 114.82
MONTHLY 106.73 108.69 110.64 112.60 114.55 116.51 118.46
 

AUD/USD

AUDUSD gapped down just under 70 pips this morning and is trading around its open after testing lows of 0.7630. Currently the pair is trading around 0.7675 as we see past support from resistance. As it stands bears will look to springboard lower from this level, leveraging the H1 50 and 100 EMA in their favor as they look to scare bulls with a move below 0.7625. However, should bulls manage to capture 0.7700, we will see them look to extend their 2016 highs as they target 0.7725 and 0.7750.

AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7579 0.7605 0.7624 0.7650 0.7669 0.7695 0.7714
WEEKLY 0.7369 0.7447 0.7585 0.7663 0.7801 0.7879 0.8017
MONTHLY 0.6647 0.6876 0.7267 0.7496 0.7887 0.8116 0.8507
 

GOLD

Friday saw gold bulls resurface as they drove prices higher, closing 10 USD higher than the previous days close. Currently the pair is retesting the 100 EMA which bulls will be looking to capture in hopes of recovering more of last week’s losses, targeting 1240, 1245 and key resistance at 1250. However, should bears manage to defend the 100 EMA, they will look to close below the 50 EMA, which would attract more bears as they look to drive prices lower with targets at 1230, 1225 and 1220.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1231.34 1233.77 1236.34 1238.77 1241.34 1243.77 1246.34
WEEKLY 1180.64 1202.57 1217.84 1239.77 1255.04 1276.96 1292.24
MONTHLY 1131.86 1170.93 1202.56 1241.63 1273.26 1312.33 1343.96