EURUSD

1.1200 held up beautifully once again despite a strong attempt by bulls to overrun the level as we saw bears rally together, driving price over 75 pips lower where we currently see the 1.1125 support level being tested. Should bears manage to close below 1.1125, we would see them target 1.1100, 1.1075 and 1.1050 while if bulls manage to maintain their composure here, we would see them march on to 1.1150 and 1.1175 as they look to knock at the door of 1.1200 yet again.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1056 1.1100 1.1128 1.1172 1.1200 1.1244 1.1272
WEEKLY 1.0965 1.1055 1.1105 1.1195 1.1245 1.1335 1.1385
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Bears breezed through the 3 downside targets and managed a peek below 1.2950 before bulls re-entered the game, driving price back up to the 1.2975 resistance level. Should bulls manage to control this area, we would see a run to 1.3000, 1.3025 and 1.3050. However, should bears manage to close below 1.2950, we would see the pair sell off with to support at 1.2925, 1.2900 and possibly 1.2875.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2815 1.2880 1.2934 1.2999 1.3053 1.3118 1.3172
WEEKLY 1.2516 1.2754 1.2877 1.3115 1.3238 1.3476 1.3599
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

The trend is still to the downside as price oscillates at the key resistance level of 0.7550 which has been fortified by bears going into the third of the week, as they look to leverage the 50&100 EMA`s and 61.8% fibo confluence. Should bulls manage to capture this level we might be in store for more upside while the more likely scenario, should bears fend off the bulls at 0.7550, is to see a test of the recent support zones. Resistance is at 0.7550, 0.7575 and 0.7600 while support is at 0.7525, 0.7500 and 0.7475.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7497 0.7512 0.7535 0.7550 0.7573 0.7588 0.7611
WEEKLY 0.7299 0.7369 0.7430 0.7500 0.7561 0.7631 0.7692
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold ranged between 1307 and 1320 as gold bears and bulls test each others resilience with the precious metals price equilibrium at around 1315, we see 1320 forming the resistance of the range while 1310 forms the support of the range. Should bulls close beyond 1320, we might see a retest of 1325, 1330 and 1335 while if bear manage to close below 1310, we might see a retest of 1305, 1300 and 1295.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1310.19 1312.72 1315.99 1318.52 1321.79 1324.32 1327.59
WEEKLY 1282.80 1296.80 1301.30 1315.30 1319.80 1333.80 1338.30
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20