EURUSD

Bears have managed to put in a lower low as they tested the 1.0625 level before bulls reentered to drive price back up to the 1.0700 resistance level. As it stands, bears will look to capture 1.0750 as a stepping stone to 1.0650, 1.0625 and 1.0600. Bulls, on the other hand, will look to capture 1.0700 in hopes of further negating the recent move down with targets at 1.0725, 1.0750 and 1.0775.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0503 1.0560 1.0628 1.0685 1.0753 1.0810 1.0878
WEEKLY 1.0475 1.0593 1.0645 1.0710 1.0763 1.0828 1.0946
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

Bears managed to hold the pair at 1.2600 and have since driven price lower as we now test the 1.2500 support level. Bears will look to close below 1.2475 in hopes of gathering momentum for a test of 1.2450, 1.2400 and 1.2350 while bulls will hope to recapture 1.2525 as a stepping stone to 1.2550, 1.2600 and 1.2650.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2288 1.2375 1.2430 1.2517 1.2572 1.2659 1.2714
WEEKLY 1.1922 1.2226 1.2388 1.2531 1.2692 1.2835 1.3139
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

CRUDE OIL (WTI)

Bears are still in control as they managed a test of 52.50, the lower boundary of the breakout range which if they manage to close below will expose further downside to 52, 51.50 and 51 while bulls will look to capture 53.50 in hopes of negating the bearish momentum and making their way to 54.00, 54.50 and 55.00

  CRUDE OIL

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 51.15 51.78 52.20 52.83 53.25 53.88 54.30
WEEKLY 50.35 51.28 52.22 53.15 54.09 55.02 55.96
MONTHLY 44.76 46.87 50.29 52.40 55.82 57.93 61.35
 

GOLD

Bulls managed to drive the precious metal back up to the all-important 1200 level where the battle for direction will commence. Bulls will look to capture 1200 in hopes of testing 1205, 1210 and 1215 while bears will look to control 1200 as a gateway to 1195, 1190 and 1185.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1175.96 1181.53 1187.36 1192.93 1198.76 1204.33 1210.16
WEEKLY 1143.66 1164.63 1177.06 1198.03 1210.46 1231.43 1243.86
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96