EURUSD

The pair completed a bearish head and shoulders, making new lows before finding support at the 1.0675 support level. As it stands bears will look to capture 1.0675 in hopes of making further lows with targets at 1.0650, 1.0625 and 1.0600. Bulls, on the other hand will look to capture 1.0700 at which point they would try and leverage the H4 trend line to make higher highs with targets at 1.0725, 1.0750 and 1.0775.

EURUSD​ ​  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0602 1.0652 1.0701 1.0751 1.0800 1.0850 1.0899
WEEKLY 1.0443 1.0530 1.0657 1.0744 1.0871 1.0958 1.1085
MONTHLY 1.0011 1.0175 1.0486 1.0650 1.0961 1.1125 1.1436
 

GBPUSD

Bears managed to capture 1.2450 and are battling it out for control of 1.2425 which would expose further downside with targets at 1.2400, 1.2350 and 1.2300. however, the pair is at stern support and bulls will look to attract some more buyers by leveraging the H4 200 EMA and capturing 1.2450 which will have them eyeing 1.2475, 1.2500 and 1.2525.

GBPUSD​  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2339 1.2381 1.2426 1.2468 1.2513 1.2555 1.2600
WEEKLY 1.2062 1.2236 1.2362 1.2536 1.2662 1.2836 1.2962
MONTHLY 1.1451 1.1715 1.2147 1.2411 1.2843 1.3107 1.3539
 

CRUDE OIL (WTI)

Bears managed to recapture 54 and have since driven price back to the 53.50 support level where the battle for equilibrium rages on. Bears will look to capture 53.50 in hopes of targeting 53, 52.50 and 52, effectively turning the short term trend bearish. Bulls, on the other hand, will look to retake 54 as a stepping stone to 54.50, 55 and 55.50.

CRUDE OIL​  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 51.35 52.13 52.57 53.35 53.79 54.57 55.01
WEEKLY 50.50 51.37 52.60 53.47 54.70 55.57 56.80
MONTHLY 46.07 48.39 50.60 52.92 55.13 57.45 59.66
 

GOLD

Gold found support at 1225 and bulls have since tested 1235 as the precious metal squeezes higher. As it stands bulls will look to capture 1235 in hopes of targeting 1240, 1245 and the key resistance point of 1250. Bears, on the other hand, will look to capture 1230 in hopes of targeting 1225, 1220 and 1215 as they look to begin the recovery process.

GOLD​  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1203.64 1211.07 1220.54 1227.97 1237.44 1244.87 1254.34
WEEKLY 1158.56 1172.83 1195.66 1209.93 1232.76 1247.03 1269.86
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74