EURUSD

We have yet to see any clear direction in the pair as we see price oscillate between 1.0600 and 1.0650. A clear breakout of either side will give us the most likely direction in the short term with bulls looking to capture 1.0650 in hopes of targeting 1.0675, 1.0700 and 1.0725 while bears will look to capture 1.0600 with targets at 1.0575, 1.0550 and 1.0525.

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0489 1.0545 1.0570 1.0602 1.0626 1.0659 1.0715
WEEKLY 1.0266 1.0359 1.0501 1.0594 1.0736 1.0829 1.0971
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

The pair has come off its worse levels to test 1.2133 where we are now seeing some staunch resistance coming in. The resistance comes in the form of the 100 EMA, downward trend line and the 61.8% fibo all in combination with an overbought oscillator which imply that prices might be looking for a run down with targets at 1.2100, 1.2050 and 1.200. However, if bulls manage to close above 1.2150, we might see further upside with targets at 1.2200, 1.2250 and 1.2300.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1838 1.1938 1.1990 1.2037 1.2090 1.2137 1.2236
WEEKLY 1.1756 1.1896 1.2038 1.2178 1.2320 1.2460 1.2602
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

AUDUSD

The pair has popped above 0.7500 and is currently testing 0.7525 as bulls look to continue north. Should they capture 0.7525, we will see further upside with targets at 0.7550, 0.7575 and 0.7600 while a close below 0.7500 will imply that bears are back in the driving seat with potential targets at 0.7475, 0.7450 and 0.7425.

  AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7383 0.7430 0.7452 0.7478 0.7506 0.7526 0.7575
WEEKLY 0.7114 0.7199 0.7351 0.7436 0.7588 0.7673 0.7825
MONTHLY 0.6698 0.6925 0.7071 0.7298 0.7444 0.7671 0.7817
 

GOLD

Gold bulls continue to dominate after holding off bearish skirmishes at 1200 to drive price higher as we now see 1210 being tested. Bulls will look to target the 1220 resistance level which is fortified by the daily 100 EMA while bears will be looking to trade below 1200 if they have any hope of enticing more sellers and stopping the parabolic rise of the bulls.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1178.79 1190.72 1196.74 1202.65 1208.67 1214.58 1226.51
WEEKLY 1146.14 1159.57 1177.44 1190.87 1208.74 1222.17 1240.04
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96