EURUSD

The pair continues to oscillate between 1.0600 and 1.0650 with neither side able to gain a clear advantage going into this key week. Bears will look to close below 1.0600 with hopes of targeting 1.0575, 1.0550 and 1.0525 while bulls will look to capture 1.0650 in hopes of targeting 1.0675, 1.0700 and 1.0725.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0583 1.0594 1.0607 1.0618 1.0631 1.0642 1.0655
WEEKLY 1.0266 1.0359 1.0501 1.0594 1.0736 1.0829 1.0971
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

Cable gapped down severely to trade below 1.2000 as bears take advantage of the pessimistic mood surrounding the UK economy. As it stands the pair has made a new low and is likely to try for further downside with the 1.618 fibo target, 1.1800, their ultimate goal for the week. However, should bulls manage to recapture 1.2000 we will likely see some further upside with 1.2025, 1.2050 and 1.2075 on the cards.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1951 1.1973 1.2006 1.2028 1.2061 1.2083 1.2116
WEEKLY 1.1756 1.1896 1.2038 1.2178 1.2320 1.2460 1.2602
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

AUDUSD

The pair continues to oscillate between 0.7475 and 0.7500 as bulls take a breather form their aggressive climb. Bulls will look to capture 0.7500 as a stepping stone to 0.7525, 0.7550 and 0.7575 while bears will look to capture 0.7475 in hopes of regaining some ground with targets at 0.7450, 0.7425 and 0.7400.

  AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7459 0.7470 0.7484 0.7495 0.7509 0.7520 0.7534
WEEKLY 0.7114 0.7199 0.7351 0.7436 0.7588 0.7673 0.7825
MONTHLY 0.6698 0.6925 0.7071 0.7298 0.7444 0.7671 0.7817
 

GOLD

Gold bulls overcame Fridays bearish assault and managed to hold the precious metal up at 1190 before catapulting back up to 1205 in today’s opening hours. As it stands bulls will look to close above 1205 with targets at 1210, 1215 and 1220 while bears will look to close below 1200, capturing the key support level with hopes of targeting 1195, 1190 and 1185.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1191.00 1194.15 1198.75 1201.90 1206.50 1209.65 1214.25
WEEKLY 1146.14 1159.57 1177.44 1190.87 1208.74 1222.17 1240.04
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96