EUR/USD

The pair closed the week below 1.1000 and is currently ranging between 1.0950 and 1.0975 as the pair consolidates its recent losses. Bulls will be looking to capture 1.0975 with an eye on 1.1000, 1.1025 and 1.1050. While bears will be reluctant to give up the ire recent momentum and a capture of 1.0950 will see the pair slide further to 1.0925 and 1.0900.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0950 1.0957 1.0963 1.0970 1.0976 1.0983 1.0989
WEEKLY 1.0787 1.0869 1.0923 1.1005 1.1059 1.1141 1.1195
MONTHLY 1.0339 1.0624 1.0864 1.1149 1.1389 1.1674 1.1914
 

GBPUSD

Cable sold off aggressively on Friday but the slide was halted at the 1.3075 support level, partly due to profit taking and partly due to bargain buying by bulls. Bulls managed to gap higher on the open but are having a tough time breaking beyond the 1.3150 resistance level, which bears have fortified with further resistance at 1.3200 and 1.3250. A capture of 1.3100 will see bears go on the offensive as they try for lower prices with targets at 1.3050 and 1.300 and 1.2950.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3085 1.3102 1.3112 1.3129 1.3139 1.3156 1.3166
WEEKLY 1.2755 1.2908 1.3010 1.3163 1.3265 1.3418 1.3520
MONTHLY 1.0706 1.1912 1.2611 1.3817 1.4516 1.5722 1.6421
 

AUDUSD

The pair dipped below the 0.7450 support zone last week before being snapped up by hungry bulls and profit taking bears. Currently the pair is testing the 0.7475 resistance level, which if bulls capture will result in a test of the 0.7500 handle. However, should bears hold 0.7475, we would see them test 0.7450, 0.7425 and 0.7400 before the week is out.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7439 0.7448 0.7460 0.7469 0.7481 0.7490 0.7502
WEEKLY 0.7227 0.7333 0.7399 0.7505 0.7571 0.7677 0.7743
MONTHLY 0.6767 0.6983 0.7217 0.7433 0.7667 0.7883 0.8117
 

GOLD

Gold remains subdued with a bearish sentiment and bears will be looking to capture 1310 as a stepping stone to 1300, 1290 and 1280. Bulls would need to capture 1335 should they wish to change the sentiment which would expose 1340, 1345 and 1350.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1326.34 1327.27 1329.14 1330.07 1331.94 1332.84 1334.74
WEEKLY 1286.74 1299.77 1311.44 1324.47 1336.14 1349.17 1360.84
MONTHLY 1080.46 1142.93 1230.66 1293.13 1380.86 1443.33 1531.06