EUR/USD

Bears recaptured 1.1000 and are currently testing the 1.0975 support level after successfully defending two bullish attempts on 1.1000. Should bears capture 1.0975, we would see them target 1.0950, 1.0925 and 1.0900 as they breeze through yet another round number. However, should bulls retake 1.1000, we would see further upside to 1.1025, 1.1050 and 1.1075.

EURUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0893 1.0930 1.0955 1.0992 1.1017 1.1054 1.1079
WEEKLY 1.0654 1.0810 1.0891 1.1047 1.1128 1.1284 1.1365
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bears have confirmed the turn of the short term trend to bearish after forming a bearish head and shoulder at 104.00 which they have since completed by capturing the neckline, trading towards the 103.50 support level. Support is at 103.50, 103.25 and 103.00 while resistance is at 103.75, 104.00 and 104.25.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.03 103.34 103.60 103.91 104.17 104.48 104.74
WEEKLY 101.24 102.01 103.10 103.87 104.96 105.73 106.82
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

The pair has stalled just shy of the 0.7700 resistance level as bulls take a breather from their recent run. The area is fraught with resistance and bears will look to leverage this to their advantage as they look to recapture their recent lows with targets at 0.7650, 0.7625 and 0.7600. However, should bulls manage to capture 0.7700 this would open the way for a squeeze higher as bears run for the hills and bulls stampede to 0.7725, 0.7750 and 0.7775.

AUDUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7555 0.7588 0.7626 0.7659 0.7697 0.7630 0.7768
WEEKLY 0.7378 0.7441 0.7531 0.7594 0.7684 0.7747 0.7837
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

The precious metal has managed to close above the top of the wedge and bulls will be eager to defend their advances as they target 1265, 1270 and 1275. However, should bears retake 1260, we would see the precious metal re-enter the consolidation range as bears look to recapture 1255, 1250 before breaking out below 1245.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1259.46 1260.98 1262.41 1263.93 1265.36 1266.88 1268.31
WEEKLY 1239.20 1244.90 1249.00 1254.70 1258.80 1264.50 1268.60
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04