EUR/USD

The pair topped out at 1.0675 on Friday as we saw bears reignite the downtrend, making a b-line for the 1.0600 support level. As it stands bears will look to capture 1.0600 as a stepping stone to 1.0575, 1.0550 and 1.0525 while bulls will look to capture 1.0625 in hopes of testing Fridays high of 1.0675 with an interim target of 1.0650.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0401 1.0489 1.0545 1.0577 1.0633 1.0665 1.0753
WEEKLY 1.0289 1.0447 1.0532 1.0606 1.0690 1.0764 1.0922
MONTHLY 0.9703 1.0175 1.0483 1.0648 1.0955 1.1120 1.1593
 

GBPUSD

The pair lost over 100 pips on Friday as bears managed to drive price from 1.2500 to below 1.2400 before bulls resurfaced to retrace some of their losses. As it stands the pair is consolidating in a wedge formation as both bears and bulls look to take the advantage. Bulls will look to close above the wedge in hopes of attracting more buyers and testing 1.2450, 1.2475 and 1.2500 while bears will look to close below the low of the wedge in hopes of continuing south with targets at 1.2400, 1.2375 and 1.2350.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2246 1.2344 1.2402 1.2442 1.2500 1.2540 1.2637
WEEKLY 1.2116 1.2282 1.2346 1.2448 1.2512 1.2613 1.2779
MONTHLY 1.1029 1.1719 1.2146 1.2410 1.2837 1.3101 1.3791
 

USDJPY

The pair has found support near the 112.50 support zone and bulls are looking to spark a move back up after last week’s aggressive selling. As it stands bulls will look to capture 113.25 in hopes of targeting 113.50, 113.75 and 114.00 while bears will look to capture 113.00 in hopes of a continued move south with targets at 112.75, 112.50 and 112.25.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.14 113.23 113.70 114.33 114.80 115.43 116.52
WEEKLY 108.79 111.13 111.99 113.48 114.33 115.82 118.16
MONTHLY 101.57 108.11 110.66 114.64 117.19 121.17 127.70

GOLD

Gold finished the week flat despite various attempts by bears an d bulls to try and take control which led to a whipsawed chart as the initial strength by bears was overturned by strong bullish pressure which faded right at the end. As it stands bulls will look to capture 1235 in hopes of targeting 1240, 1245 and 1250 while bears will look to capture 1230 as a stepping stone to 1225, 1220 and 1215.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1232.50 1225.27 1235.79 1237.52 1239.04 1240.77 1242.29
WEEKLY 1198.96 1208.13 1222.86 1232.03 1246.76 1255.93 1270.66
MONTHLY 1091.24 1118.87 1163.74 1191.37 1236.24 1263.87 1308.74