EURUSD

Bears managed a small pull back to the 1.0750 support level but they were quickly overwhelmed by a flood of buyers who are now on their way to retesting 1.0800. Should bulls manage to capture 1.0800, we would see 1.0825, 1.0850 and 1.0875 being targeted while a close below 1.0775 will have bears back in it to try and secure 1.0750, 1.0725 and 1.0700.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0647 1.0688 1.0728 1.0769 1.0809 1.0850 1.0890
WEEKLY 1.0475 1.0593 1.0645 1.0710 1.0763 1.0828 1.0946
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

Bulls have managed to maintain their momentum as we see highs of 1.2675 being put in but it appears that bears are back to play as the pair is now dipping towards the 1.2650 support level. As it stands, bulls will look to capture 1.2675 as a stepping stone 1.2700, 1.2750 and 1.2800 while bears will look to capture 1.2650 as the starting point to a larger retracement with targets at 1.2600, 1.2550 and 1.2500.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2288 1.2375 1.2430 1.2517 1.2572 1.2659 1.2714
WEEKLY 1.2428 1.2485 1.2572 1.2629 1.2716 1.2773 1.2860
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

CRUDE OIL (WTI)

Bulls managed to break above resistance and are currently trying to negotiate their way through the 54 USD resistant level. As it stands, if bulls close beyond 54, we will likely see further upside to 54.50, 55 and 55.50. However, with the stochastics in overbought levels, bears might have a thing or two to say and if they manage to maintain control of 54, we will potentially see the commodity dip to 53.50, 53.00 and 52.50.

  CRUDE OIL

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 51.78 52.21 53.05 53.48 54.32 54.75 55.59
WEEKLY 50.35 51.28 52.22 53.15 54.09 55.02 55.96
MONTHLY 44.76 46.87 50.29 52.40 55.82 57.93 61.35
 

GOLD

We saw yet another battle for 1200 as bears made a sneaky attack on the level before bulls overturned the selling pressure to dominate and drive price back towards the 1215 mark. Bulls are currently favorites and should they capture 1215, we will see further upside with targets at 1220, 1225 and 1230 while if bears mange to capture 1210, we would see them try and claw back their recent losses with targets at 1210, 1205 and 1200.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1184.36 1191.13 1198.36 1205.13 1212.36 1219.13 1226.36
WEEKLY 1143.66 1164.63 1177.06 1198.03 1210.46 1231.43 1243.86
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96