EUR/USD

The pair is Tcurrently testing support at 1.0750, supported by the hourly 100 and 200 EMA`s and oversold stochastics. Should bulls manage to hold the level, we will see an attempt at recapturing 1.0775, 1.0800 and 1.0825. However, should bears manage to capture 1.0750, we will see them look to 1.0725, 1.0700 and 1.0675 as potential targets as they look to turn the medium term trend bearish.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0762 1.0770 1.0777 1.0785 1.0792 1.0800 1.0807
WEEKLY 1.0443 1.0530 1.0657 1.0744 1.0871 1.0958 1.1085
MONTHLY 1.0011 1.0175 1.0486 1.0650 1.0961 1.1125 1.1436
 

GBPUSD

The pair traded in a 300 pip range last week with strong selling coming through toward the end of the week. Currently bulls are looking to hold the pair up at the 23.6% fibo with as close above 1.2500 likely to confirm the bullish momentum and see 1.2550, 1.2600 and 1.2650 on the bull’s target list. However, with momentum on their side bears will look to close below 1.2450 in hopes of sparking more selling with targets at 1.2400, 1.2350 and 1.2300.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2458 1.2468 1.2475 1.2485 1.2492 1.2502 1.2509
WEEKLY 1.2062 1.2236 1.2362 1.2536 1.2662 1.2836 1.2962
MONTHLY 1.1451 1.1715 1.2147 1.2411 1.2843 1.3107 1.3539
 

CRUDE OIL (WTI)

Bulls continue to hold the commodity above 54 and are looking to close above 54.50 as a triggering point for more buying with targets at 55, 55.50 and 56. However, should bears manage to retake 54, we could see them begin their long journey to retaking 53.50, 53 and 52.50.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 53.73 53.77 53.84 53.88 53.95 53.99 54.06
WEEKLY 50.50 51.37 52.60 53.47 54.70 55.57 56.80
MONTHLY 46.07 48.39 50.60 52.92 55.13 57.45 59.66

GOLD

Gold looked to retest 1225 but again hit a wall as bears made sure to fortify the key resistance level. As it stands bulls will need to close above 1225 if they have any hopes of testing higher with targets at 1230, 1235 and 1240 if they are successful. On the other hand, bears will look to capture 1220 as a stepping stone to retaking the all-important 1200 level with interim targets at 1215, 1210 and 1205.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1215.20 1217.85 1220.20 1222.85 1225.20 1227.85 1230.20
WEEKLY 1158.56 1172.83 1195.66 1209.93 1232.76 1247.03 1269.86
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74