EURUSD

The pair peaked at 1.0773 before bulls relinquished some ground to the bears who have since managed to capture 1.0725 and are on their way to 1.0700. If bears mange to close below 1.0700, we will likely see them look to target 1.0675, 1.0650 and 1.0625 while bulls will look to capture 1.0725 in hopes of regaining the upper hand as they look to test 1.0750, 1.0775 and 1.0800

  EURUSD​ ​

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0649 1.0683 1.0707 1.0741 1.0765 1.0799 1.0823
WEEKLY 1.0467 1.0522 1.0612 1.0667 1.0757 1.0812 1.0902
MONTHLY 0.9760 1.0055 1.0285 1.0580 1.0810 1.1105 1.1335
 

GBPUSD

The pair whipsawed throughout yesterday as we saw peaks of 1.2543 and troughs of 1.2417 before the pair settled at the 1.2500 level. As it stands bears will look to capture 1.2500 as a stepping stone to 1.2450, 1.2400 and 1.2350 while bulls will look to hold the 1.2500 level in hopes of testing 1.2550, 1.2600 and 1.2650.

  GBPUSD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2311 1.2363 1.2442 1.2494 1.2573 1.2625 1.2704
WEEKLY 1.1661 1.1820 1.2098 1.2257 1.2535 1.2674 1.2972
MONTHLY 1.1519 1.1858 1.2098 1.2437 1.2677 1.3016 1.3256
 

CRUDE OIL (WTI)

Crude oil continues to consolidate as we see the commodities trading in an ever tightening range in anticipation of a breakout. Bulls will look to capture 53.50 as they look to test 54, 54.50 and 55 while bears will look to capture 52.50 as a stepping stone to testing 52, 51.50 and 51.

  CRUDE OIL

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 51.83 52.25 52.72 53.14 53.61 54.03 54.50
WEEKLY 47.73 49.32 50.34 51.93 52.95 54.54 55.56
MONTHLY 44.76 46.87 50.29 52.40 55.82 57.93 61.35
 

GOLD

Gold was yet again rejected at 1220 as bears retook the initiative, driving the precious metal over 18 dollars lower to find support at 1202. As it stands, bulls will look to protect the 12000 level and capture the 1205 level as stepping stone to testing 1210, 1215 and 1220. On the other hand, if bears can resist the bullish pressure at 1205, we will see them try and close below 1200 in hopes of testing 1195, 1190 and 1185.

  GOLD

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1194.36 1201.03 1205.66 1212.33 1216.96 1223.63 1228.26
WEEKLY 1176.26 1186.03 1195.16 1204.93 1214.06 12223.83 1232.96
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96