EURUSD

The pair continued northwards yesterday with bears only managing to halt the move at the 1.0675 resistance level. Currently the pair is consolidating with bulls looking to capture 1.0675 in hopes of continuing their assault with potential targets at 1.0700, 1.0725 and 1.0750. Bears, on the other hand, will look to capture 1.0650 in hopes of recouping some of this week’s losses with potential targets at 1.0625,1.0600 and 1.0575.

  EURUSD​ ​
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0516 1.0551 1.0612 1.0647 1.0708 1.0743 1.0804
WEEKLY 1.0366 1.0486 1.0563 1.0683 1.0760 1.0880 1.0957
MONTHLY 1.0011 1.0175 1.0486 1.0650 1.0961 1.1125 1.1436
 

GBPUSD

Bulls managed to retest the 23.6% fibo which corresponds to the 1.2500 handle but were swiftly pushed back by bears who are looking to establish 1.2500 as a firm resistance point from which to attack 1.2475, 1.2450 and 1.2425. Should bulls manage to capture 1.2500, we would see further upside with bulls targeting 1.2525, 1.2550 and 1.2575.

  GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2375 1.2413 1.2451 1.2489 1.2527 1.2565 1.2603
WEEKLY 1.2120 1.2232 1.2361 1.2473 1.2602 1.2714 1.2843
MONTHLY 1.1451 1.1715 1.2147 1.2411 1.2843 1.3107 1.3539
 

CRUDE OIL (WTI)

Crude continues to consolidate, with the commodity closing between the 53.25 and 54 range for the 4th consecutive day as both sides battle it out for the longer term direction of crude oil. Bulls will look to capture 54 in hopes of triggering more buying with targets at 54.25, 54.50 and 54.75 while bars will look to capture 53.25 in hopes of targeting 53, 52.75 and 52.50.

  CRUDE OIL
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 51.92 52.30 52.83 53.21 53.74 54.12 54.65
WEEKLY 49.10 50.16 52.01 53.07 54.92 55.98 57.83
MONTHLY 46.07 48.39 50.60 52.92 55.13 57.45 59.66
 

GOLD

Gold enjoyed some bullishness yesterday as we saw bulls push north but only as far as the 1240 level, where we saw bears re-enter to drive price into consolidation. As it stands bulls will look to retake 1240 in hopes of targeting 1245, 1250 and 1255 while bears will look to capture 1235 in hopes of targeting 1230, 1225 and 1220.

  GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1227.74 1230.47 1235.4 1237.97 1242.74 1245.47 1250.24
WEEKLY 1195.24 1206.87 1220.64 1232.27 1246.04 1257.67 1271.44
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74