EUR/USD

The EURUSD continues to consolidate after Fridays break out with the initial band being formed by 1.1350 and 1.1375 and the wider band being formed by 1.1325 and 1.1400. A break above 1.1375 would see bulls target 1.1400 with an eye on 1.1425 and 1.1450. However, should bears manage to capture 1.1350 we would see them target 1.1325 with an eye on 1.1300 and 1.1275.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1262 1.1294 1.1329 1.1361 1.1396 1.1428 1.1463
WEEKLY 1.0902 1.0999 1.1183 1.1280 1.1464 1.1561 1.1745
MONTHLY 1.0426 1.0761 1.0947 1.1282 1.1468 1.1803 1.1989
 

USDJPY

The USDJPY continues to retrace Fridays move with bull’s managing to take back over 100 pips. The pair is still however in a downtrend and a break below 107.50 would see bears resurface to drive price lower with targets at 107.25, 107.00 and 106.75. However, bulls will look to continue the current momentum with targets at 107.75, 108.00 and 108.25.


USDJPY
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 105.65 106.09 106.78 107.22 107.91 108.35 109.04
WEEKLY 99.90 103.19 104.86 108.15 190.82 113.11 114.78
MONTHLY 101.06 103.29 107.00 109.23 112.94 115.17 118.88
 

GOLD

Gold has leveled out after its sharp drive on Friday and continues to trade between 1240 and 1245. A break below 1240 will see bears try resume the medium term trend with targets at 1235, 1230 and 1225. However a break above 1245 will see bulls try retake more of last month’s losses with targets at 1250, 1255 and 1260.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1233.50 1236.75 1242.05 1245.30 1250.60 1253.85 1259.15
WEEKLY 1165.74 1182.37 1211.24 1227.87 1256.74 1273.37 1302.24
MONTHLY 1069.00 1134.00 1174.40 1239.40 1279.80 1344.80 1385.20
 

CRUDE OIL

Crude has made an attempt on 50 yet again but found resistance as bears amassed at the trend line to keep prices subdued. A close above 50 will see crude bulls reignited with targets at 50.50, 51.00 and 51.50. However, should bears mange to hold the 50 mark, they will look to capture 49.50, 49.00 and 48.50.



TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 47.75 48.23 48.94 49.42 50.13 50.61 51.32
WEEKLY 45.19 46.47 47.54 48.82 49.89 51.17 52.24
MONTHLY 37.51 40.27 44.69 47.45 51.87 54.63 59.05