EUR/USD

The EURUSD has breached the first of our two upside targets after bulls captured the 1.1200 resistance zone and appears to be heading for 1.1350, 1.1376 and 1.1400. Bulls look focused on making new yearly highs and bears will be looking to stop the tide with forces waiting at the 1.1350 and 1.1400 zones, as they look to drive price lower, with a close below 1.1168 their main target for now.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1071 1.1120 1.1205 1.1254 1.1339 1.1388 1.1473
WEEKLY 1.0964 1.1053 1.1109 1.1198 1.1254 1.1343 1.1399
MONTHLY 1.0100 1.0456 1.0665 1.1021 1.1230 1.1586 1.1795
 

GBP/USD

GBPUSD bulls catapulted off of the 1.4200 support zone to break through 1.4240, breaking through all resistances to finish just shy of the 1.4400 resistance level. They continue the barrage as bears failed to hold 1.4400 and are currently testing 1.4450. Bears will take solace in what might be the right shoulder of a potential head and shoulders forming just as stochastics begin to turn from overbought levels. The formation is not text book but many will be looking for a recapture of 1.4350 as the potential start of a move lower. Resistance is at 1.4450, 1.4500 and 1.4450. Support is at 1.4400, 1.4350 and 1.4300.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4044 1.4120 1.4252 1.4328 1.4460 1.4536 1.4668
WEEKLY 1.3547 1.3801 1.3972 1.4226 1.4397 1.4651 1.4822
MONTHLY 1.2773 1.3303 1.3609 1.4139 1.4445 1.4975 1.5281
 

AUD/USD

The AUDUSD has triggered all our bullish target zones and is currently testing the 0.7650 resistance zone. Bulls will look to capture this level with targets at 0.7680, 0.7700 and 0.7750. However, should bears manage to hold on to 0.7650, we would expect a drive for 0.7600 and 0.7550 as they look to reverse yesterday climb and retest the H4 50 EMA.

AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7414 0.7462 0.7549 0.7597 0.7684 0.7732 0.7819
WEEKLY 0.7263 0.7369 0.7439 0.7545 0.7615 0.7721 0.7791
MONTHLY 0.6695 0.6833 0.6987 0.7125 0.7279 0.7417 0.7571
 

GOLD

GOLD bulls hit all three of their targets and are currently testing the 1240 resistance zone as they look to move higher with a break through the down sloping trend line to target 1245,1250 and 1260. Bears will look to defend 1240 as they gain confidence from overbought stochastics and the recent bearish sentiment. Downside targets are at 1235, 1230 and 1224.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1195.80 1206.4 1223.80 1234.40 1251.80 1262.40 1279.80
WEEKLY 1163.00 1188.60 1205.00 1230.60 1247.00 1272.60 1289.00
MONTHLY 1000.36 1057.83 1145.86 1203.33 1291.36 1348.83 1436.86