EUR/USD

Bears managed to recapture 1.1250, putting in a new lower low, placing the pair into consolidation. If bears manage to close below 1.1275, we would see the target 1.1250, 1.1225 and 1.1200 which would establish a bearish bias going into next week. However, should bulls maintain their grip on 1.1275 and recapture 1.1300, we will see them make a move for yesterday’s highs at 1.1325, which would confirm the continuation of a bullish bias throughout next week.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1121 1.1176 1.1219 1.1274 1.1317 1.1372 1.1415
WEEKLY 1.0967 1.1044 1.1100 1.1177 1.1233 1.1310 1.1366
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Bears managed to make a lower low and have turned the short term bias to negative. Currently the pair is testing the 50% fibo of the recent wave down. Should bull’s mange to keep a grip of 1.3325, we would see them target 1.3350, 1.3375 and 1.3400 which would jeopardise the bearish bias. However, if bears manage to hold onto 1.3325 and capture 1.3300, we would see them target 1.3275, 1.3250 and 1.3225 as they claw back more of their recent losses.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3162 1.3221 1.3259 1.3318 1.3356 1.3415 1.3453
WEEKLY 1.2814 1.2935 1.3114 1.3235 1.3414 1.3535 1.3714
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

The pair topped out at around 0.7735 as bears stepped into the arena, driving bulls out resulting in the pair now trading 100 pips off its lows. With the short term negative bias now instilled, we will see the bears look for control of 0.7650 with an eye on 0.7625, 0.7600 and 0.7575. However, should bulls recapture 0.7650, we would see them try one last push for 0.7725 with interim targets at 0.7675 and 0.7700.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7499 0.7565 0.7604 0.7670 0.7709 0.7775 0.7814
WEEKLY 0.7370 0.7429 0.7500 0.7559 0.7630 0.7689 0.7760
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold has slid significantly after bears managed to take control of 1350 and is now trading at the 1335 support level. Should bears manage to capture 1335, we would see them target 1330, 1325 and 1320 as they look to push the precious metal lower. However, if bulls manage to recapture 1340, we would see the short term bias reversed yet again as the precious metal turns bullish and bulls eye 1345, 1350 and 1355.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1323.50 1329.60 1333.20 1339.30 1342.90 1349.00 1352.60
WEEKLY 1281.64 1291.57 1306.84 1316.77 1332.04 1341.97 1357.24
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20