EUR/USD

EURUSD bull’s retried to take 1.1250 but could not achieve it as bears amassed at the 1.1238 resistance level to stem any movement higher. Currently the pair is testing the 1.1200 level which, if broken to the south side, will see bears try for 1.1150, 1.1110 and 1.1075. Should bulls manage to hold 1.1200, we would expect them to retry for 1.1250 in hopes of reaching 1.1300

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0976 1.1030 1.1110 1.1164 1.1244 1.1298 1.1378
WEEKLY 1.0464 1.0638 1.0898 1.1072 1.1332 1.1506 1.1776
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256
 

GBP/USD

The GBPUSD found support at 1.4350 and was pushed higher to just below the 1.4450 resistance level before bears retested the 1.440 support zone. Should 1.4400 hold, we expect the 1.4450 and 1.4500 resistance points to be tested with bulls hoping to change the short term sentiment by reaching 1.4545. Should bears manage to close below 1.4400, we would see further weakness with 1.4350, 1.4320 and 1.42750 as targets

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4145 1.4248 1.4341 1.4444 1.4537 1.4640 1.4733
WEEKLY 1.3816 1.4020 1.4262 1.4466 1.4708 1.4912 1.5154
MONTHLY 1.3209 1.3644 1.3945 1.4380 1.4681 1.5116 1.5417
 

USD/CAD

The pair has retraced almost 75% of the recent move down that started early last week and is at significant resistance levels, with the trend line and Fibonacci levels combining to form a strong resistance zone. Should the USDCAD manage a break through these levels at 1.3978, we would expect the bulls to target 1.4025 and 1.4100. However, a close below 1.3950 would open the way for 1.38850 where support in the form of the hourly 50 and 100 EMAS are waiting, and beyond to 1.3840 and 1.3800 is also possible.

USD/CAD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3710 1.3774 1.3852 1.3916 1.3994 1.4058 1.4136
WEEKLY 1.3197 1.3416 1.3665 1.3884 1.4133 1.4352 1.4601
MONTHLY 1.2748 1.3280 1.3627 1.4159 1.456 1.5038 1.5385
 

CRUDE OIL

Crude has gently slid below $32 and is trading just above the $31 support zone. A break above $32 might signal some upside to $33, $34 and $35 should we some momentum re-enter the market. However, a close below $31, will open the way for more downside pressure with targets at $30, $29 and $ 28.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 27.57 28.57 29.38 30.38 31.19 32.19 33.00
WEEKLY 21.02 26.71 28.80 31.49 33.58 36.27 38.36
MONTHLY 14.89 20.54 27.09 32.71 39.29 44.94 51.49