EUR/USD

The pair continues to oscillate around the 1.1225 level with key support remaining at 1.1200, which if bears manage to break will see the downside bias continue with targets at 1.1175, 1.1150 and 1.1125. While 1.1250 provides the upside boundary which if bulls manage to capture will see the pair return to its medium term bullishness with targets at 1.1275, 1.1300 and 1.1325.


EUR/USD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1130 1.1165 1.1192 1.1227 1.1254 1.1289 1.1316
WEEKLY 1.0945 1.1041 1.1137 1.1233 1.1329 1.1425 1.1521
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Bears dispersed bulls with force to trade over 150 pips lower as they established themselves at 1.3175. Currently the pair is retesting resistance at 1.3200 which if bulls manage to capture would see a run for resistance at 1.3225, 1.3250 and 1.3275. However, the trend is still down and a bears will be eyeing out resistance as they look for cause to test 1.3175, 1.3150 and 1.3125.


GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2947 1.3056 1.3126 1.3235 1.3305 1.3414 1.3484
WEEKLY 1.2973 1.3105 1.3186 1.3318 1.3399 1.3531 1.3612
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

The pair is back at the 0.7500 handle as bears look to keep control of the area in a bid to take prices lower after having put in yet another lower low on the hourly chart. Resistance lies at 0.7525, 0.7550 and 0.7575 while support lies at 0.7475, 0.7450 and 0.7425.


AUDUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7279 0.7359 0.7414 0.7494 0.7549 0.7629 0.7684
WEEKLY 0.7269 0.7401 0.7471 0.7603 0.7673 0.7805 0.7875
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold managed a peek below 1315 as bears made a new low for the session. However, bulls were quick to regain ground and the precious metal is currently testing 1320 as the battle for direction rages on. With the trend down, we expect bears to make a run for 1315, 1310 and 1305 as they milk their recent advantage. However, should bulls capture 1325 , the down trend becomes more shaky with a test of 1335 changing the trend to neutral as bulls look to test 1340 and beyond.


GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1304.86 1309.93 1314.46 1319.53 1324.06 1329.13 1333.60
WEEKLY 1291.40 1307.30 1318.70 1334.60 1346.00 1361.90 1373.30
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20