EUR/USD

Bears manage to put in a lower low, successfully testing 1.1200 before waking bulls who quickly shored up the level, forcing price back up to the 10.1250 resistance level. Should bulls manage to capture 1.1250, we would see them look for 1.1275, 1.1300 and 1.1325 as they attempt to return the short term trend in their favour.


EUR/USD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1224 1.1200 1.2340 1.1237 1.1244 1.1247 1.1254
Weekly 1.0945 1.1041 1.1137 1.1233 1.1329 1.1425 1.1521
Monthly 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

The short term trend has turned bearish with bears placing in a second lower low, steam rolling bulls to test below 1.3250. Currently the pair is retesting significant resistance at 1.3275 and bears seek to take advantage of the current momentum with an eye on 1.3250, 1.3225 and 1.3200. Bulls on the other hand, will look to capture 1.3275 which would open the way for 1.3300 and 1.3325, placing the short term down trend into question as a new higher high is made.


GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.3241 1.3248 1.3260 1.3267 1.3279 1.3286 1.3298
Weekly 1.2973 1.3105 1.3186 1.3318 1.3399 1.3531 1.3612
Monthly 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

The pair was hammered towards the end of the week, forcing bears to puke as price finaly settled just below the week’s open. As it stands 0.7525is being tested, should it give way to bearish pressure, we would see 0.7500, 0.7475 and 0.7450 being tested as bears firmly establish their dominance. However, should bulls manage to hold 0.7525, we would see some bears exiting their positions as bulls climb in on expectations of a retrace. Upside targets are at 0.7550, 0.7575 and 0.7600.


AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 0.7519 0.7525 0.7534 0.7540 0.7549 0.7555 0.7564
Weekly 0.7269 0.7401 0.7471 0.7603 0.7673 0.7805 0.7875
Monthly 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Bears managed to test 25 USD lower after making a strong stand at 1350 as the leverage the 23.6% and trend line resistance to their favour. As it stand, should bulls capture 1330, we would see them target 1335, 1340 and 1345 as they look to retake the all-important 1350 level. However, should bears capture 1325, we would see more downside with targets at 1320, 1320 and 1315 as bears make their way to the 1300 handle.


GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1329.11 1330.80 1331.61 1332.58 1334.11 1335.08 1336.61
Weekly 1291.40 1378.30 1318.70 1334.60 1346.00 1361.90
Monthly 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20