EUR/USD

Bears managed to fend off bullish attempts of the 1.1150 resistance level and have since gained momentum, trading below yesterdays close and on track to test the 1.1100 support level. Currently the price is at 1.1125 and should bears capture this level we would see them target 1.1100, 1.1075 and 1.1050. However, should bulls manage to hold 1.1125 and capture 1.1150, we would see them drive prices higher, targeting 1.1175, 1.1200 and 1.1225.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1060 1.1078 1.1113 1.1131 1.1166 1.1184 1.1219
WEEKLY 1.0928 1.1017 1.1066 1.1155 1.1204 1.1293 1.1342
MONTHLY 1.1037 1.1125 1.1290 1.1378 1.1543 1.1631 1.1796
 

AUDUSD

Bulls have managed a short reprieve and the pair is trading around 100 pips higher from this week’s lows after bulls staged an all-out assault on 0.7200, tripping several stops and driving prices to the 0.7250 resistance level, where bears have gathered to defend the last barrier to a potential short term trend change to the upside. Should bulls manage to capture 0.7250, they would target 0.7275, 0.7300 and 0.7325 as they look to regain some of their recent losses. However, the pair is at major resistance and bears will look to keep control of 0.7250 with hopes of recapturing 0.7225, 0.7200 and 0.7175, ensuring the bearish dominance continues.


AUDUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7111 0.7128 0.7162 0.7179 0.7213 0.7230 0.7264
WEEKLY 0.7010 0.7076 0.7130 0.7196 0.7250 0.7316 0.7370
MONTHLY 0.7100 0.7294 0.7448 0.7642 0.7796 0.7990 0.8144
 

GOLD

Bulls defended the 1200 key support zone on several occasion in yesterday session, forcing bears to take profits and regroup as the precious metal eased to our first target of 1210. As it stand the pair is at the 61.8% fibo resistance which is also fortified by the 50 EMA and bears will look to recapture 1210, attracting more bears as they look to attack 1200 yet again, hoping to target 1190, 1180 and 1170. However, should bulls maintain their grip on 1210, they will look to extend their reprieve to 1220, 1230 and 1240 as they look to shake out more bears and attract more bulls.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1193.56 1197.68 1204.91 1209.03 1216.26 1220.38 1227.61
WEEKLY 1151.06 1178.73 1196.26 1223.93 1241.46 1269.13 1286.66
MONTHLY 1147.46 1178.33 1233.76 1264.63 1320.06 1350.93 1406.36
 

CRUDE OIL

Crude found significant support at the 61.8 fibo and 100 EMA confluence, trading higher in yesterday’s session and currently on track to test 49.85, which if bulls manage to capture will open the way to 50.50, 51.50 and 52.50. However, should bears manage to keep the bulls at bay and drive prices below 49.15, we would see further easing in price as bears take short term control with targets at 48.85, 48.00 and 47.50.


CRUDE OIL
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 48.48 48.78 49.15 49.45 49.82 50.12 50.49
WEEKLY 44.94 46.17 47.75 48.98 50.56 51.79 53.37
MONTHLY 26.98 31.11 38.52 42.65 50.06 54.19 61.60