EUR/USD

The pair sold off yesterday in early trade with bears dipping below 1.1050 to make lows of 1.1038 before bulls swooped in and drove prices back above 1.1100. As it stands the pair is oscillating between 1.1100 and 1.1125 as it seeks direction. Should bulls manage to capture 1.1125, we would see them target 1.1150, 1.1175 and 1.1200. However, should bears breach below 1.1100, we would see them target 1.1075, 1.1050 and 1.1025.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.0958 1.1005 1.1032 1.1079 1.1106 1.1153 1.1180
Weekly 1.0789 1.0897 1.0975 1.1080 1.1161 1.1266 1.1347
Monthly 1.0339 1.0624 1.0864 1.1149 1.1389 1.1674 1.1914
 

GBPUSD

The pair hit the wall at 1.3338 before being heavily sold on the break of the neckline of a bearish head and shoulder. The bearish run was halted at 1.3100 where bulls gathered their forces to push prices higher and the pair is currently testing the 1.3250 resistance zone. Should bulls power through this level, we would see them target 1.3300, 1.3350 and 1.3400. However, bears will be reluctant to give up the level and will look to target 1.3200, 1.3150 and 1.3100 as they look turn the short term trend bearish.


GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.2746 1.2861 1.3066 1.3181 1.3386 1.3501 1.3706
Weekly 1.2176 1.2486 1.2721 1.3031 1.3266 1.3576 1.3811
Monthly 1.0706 1.1912 1.2611 1.3817 1.4516 1.5722 1.6421
 

AUDUSD

The pair has broken above the wedge and looks ready to make a move higher with bulls looking to secure 0.7625 to springboard to 0.7650, 0.7675 and 0.7700. However, should bears manage to capture 0.7600, we would see them target the downside as they put in a lower low targeting 0.7575, 0.7550 and 0.7500.


AUDUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 0.7410 0.7471 0.7536 0.7597 0.7662 0.7723 0.7788
Weekly 0.7288 0.7346 0.7457 0.7515 0.7626 0.7684 0.7795
Monthly 0.6767 0.6983 0.7217 0.7433 0.7667 0.7883 0.8117
 

GOLD

Gold bull made a run on 1350 but were stopped dead in their tracks by a strong bearish presence at the 61.8% fibo which saw the precious metal make a U-turn and head back south to its current level of 1333. Support comes in at 1325, 1320 and 1315. Resistance comes in at 1335, 1340 and 1345.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1298.86 1314.58 1324.56 1340.28 1350.26 1365.98 1375.95
Weekly 1296.20 1351.60 1336.10 1355.50 1376.00 1395.40 1415.90
Monthly 1080.46 1142.93 1230.66 1293.13 1380.86 1443.33 1531.06