EUR/USD

The pair is in an uptrend as we see it making clear higher lows and higher highs. Bulls will look to continue in this vein by capturing 1.0750 as stepping stone to 1.0775, 1.0800 and 1.0850. Bears, on the other hand, will look to break the inner trend line, capturing 1.0700 and leveraging the oversold conditions in an attempt to test 1.0675, 1.0650 and 1.0625.

EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0616 1.0649 1.0707 1.0740 1.0798 1.0831 1.0889
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

Bulls managed an impressive 300 pip gain since finding support at 1.2250 and have since tested 1.2550 before relinquishing some ground to the desperate bears. As It stands bulls will look to hold on to 1.2475 in hopes of recapturing 1.2500 and testing 1.2525 and 1.2550 while bears will look to close below 1.2475, in hopes of capturing 1.2450, 1.2425 and 1.2400.

GBPUSD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2216 1.2284 1.2410 1.2478 1.2604 1.2672 1.2798
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 continues to consolidate as we see a wedge forming. Bulls will look to close above the blue line, securing 53.50 and on the hunt for 54, 54.50 and 55. Bears on the other hand, will look to close below the red line, capturing 52 with hopes of testing 51.50, 51 and 50.50.

wti
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 50.89 51.55 52.15 52.81 53.41 54.07 54.67
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 found stern resistance at 1220, dropping over $7 as bears retake the momentum. As it stands the pair has found support at the 1215 level and bulls will look to take advantage of the trend line and 100 EMA confluence to move prices higher with targets at 1220, 1225 and 1230. Bears, on the other hand, will look to close below 1214 as a major stepping stone to potential changing the short term trend to negative which would expose 1210, 1205 and 1200.

GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1208.54 1209.27 1212.14 1212.87 1215.74 1216.47 1219.34
WEEKLY 1176.26 1186.03 1195.16 1204.93 1214.06 1223.83 1232.96
MONTHLY 1057.56 1090.73 1120.36 1153.53 1183.16 1216.33 1245.96