EUR/USD

EURUSD bulls were capped at 1.1375 and could not break higher after strong attempts for 1.1400. Bears have managed to push prices to the 1.1150 support zone with the H4 MACD showing a bear trend has emerged as the bear’s eye key support at 1.0968. Downside targets are at 1.1100, 1.1075 and 1.1050. Should bull manage a close above 1.1200, they would target 1.1250, 1.1300 and 1.1350 as they retry for 1.1375.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1057 1.1106 1.1136 1.1185 1.1234 1.1264 1.1313
WEEKLY 1.0810 1.0947 1.1104 1.1241 1.1398 1.1535 1.1692
MONTHLY 1.0425 1.0567 1.0702 1.0844 1.0979 1.1121 1.1256
 

GBP/USD

The GBPUSD continues to trade sideways with the top of the range being formed at 1.4545 and the floor at 1.4400. Bulls will look to buy support with targets at 1.4450, 1.4500 and 1.4545. Bears will look to sell resistance with targets at 1.4400, 1.4350 and 1.4300.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4341 1.4389 1.4419 1.4467 1.4515 1.4545 1.4593
WEEKLY 1.4149 1.4250 1.4378 1.4479 1.4607 1.4708 1.4836
MONTHLY 1.3209 1.3644 1.3945 1.4380 1.4681 1.5116 1.5417
 

USD/JPY

The pair has retraced more than 38% of the 1000 plus pips it shed in FEB and is currently trading near key resistance in the form of the 115.00 handle, 4hr 50 EMA and the 61.8% fibo level, while the RSI is looking to peak lower from its overbought territories. A close below 114.00 will see a fresh charge for this month’s lows of 110.96 with interim targets at 113.00, 112.00 and 111.00. However, should bulls manage a close above 115, we would see a deeper retrace of the recent fall as bulls target 116.00, 117.00 and 118.00.

USD/JPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 112.36 113.00 113.40 114.04 114.68 115.08 115.72
WEEKLY 107.35 109.86 111.41 113.92 116.43 117.98 120.49
MONTHLY 111.70 113.83 117.44 119.57 123.18 125.31 128.92
 

CRUDE OIL

Crude has extended its gains, now trading at 33.36 50% fibo level after finding strong support just below $32 on the convergence of the H4 50 and 100 EMA. Upside targets are at $34.50, $35.00 and $35.50 which would confirm the formation of a double bottom and have fresh buying enter the market. However, should bears manage to retake $31, we would see them try for $28 with interim targets at $30 and $29.

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 27.75 28.36 29.48 30.09 31.21 31.82 32.95
WEEKLY 23.63 25.67 26.92 28.96 31.00 32.25 34.29
MONTHLY 20.53 25.19 28.07 32.73 37.39 40.27 44.93
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