Daily Technical Strategy On Currencies & Commodities

Discussion in 'Technical Analysis' started by FXTechstrategy, Jul 27, 2017.

  1. FXTechstrategy

    FXTechstrategy Active Trader

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    GOLD Looks To Extend Its Bear Pressure

    GOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.
     
  2. FXTechstrategy

    FXTechstrategy Active Trader

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    USDCHF Turns Off Higher Prices On Price Failure

    USDCHF turns off higher prices on price failure on Friday leaving risk of a pullback on the cards. Resistance resides at the 1.0250 level. Above here, resistance lies at the 1.0300 level and then the 1.0350 level. Further out, resistance comes in at the 1.0400 level. On the downside, support is seen at the 1.0150 level. A turn below here will set the stage for more decline towards the 1.0100 level. And then the 1.0050 level. Further down, support resides at the 1.0000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF continues to eye further downside pressure as it rejected higher prices on Friday
     
  3. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD Remains Vulnerable But With Caution Of Recovery

    EURUSD remains vulnerable with caution of recovery though retaining its downside pressure. Support comes in at the 1.1100 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at 1.1200 level with a break through there opening the door for further upside towards the 1.1.1250 level. Further up, resistance comes in at the 1.1300 level where a violation will expose the 1.1350 level. All in all, EURUSD continues to threaten further downside pressure though with caution.
     
  4. FXTechstrategy

    FXTechstrategy Active Trader

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    EURGBP Retains Its Bear Pressure Nearer Term

    EURGBP retains its bear pressure nearer term as it looks to extend downside pressure. On the downside, support stands at the 0.8550 level where a violation will turn focus to the 0.8500 level. A break below here will aim at the 0.8450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.8650 level. A violation if seen will turn risk towards the 0.8700 level. Further up, resistance comes in at 0.8750 level followed by the 0.8800 level. All in all, EURGBP retains its bear pressure nearer term as it looks for more decline.
     
  5. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPJPY Targets 147.19 Resistance Zone On More Recovery

    GBPJPY targets 147.19 resistance zone on more correction. On the downside, support comes in at the 146.00 level where a violation will aim at the 145.50 level. A break below here will target the 145.00 level followed by the 144.50 level. Conversely, resistance is seen at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 148.00 level. Further out, resistance resides at the 148.50 level. Its daily RSI is bearish and pointing lower suggesting more gain. All in all, GBPJPY targets 147.19 resistance zone on more recovery.
     
  6. FXTechstrategy

    FXTechstrategy Active Trader

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    GOLD Recovery Threats Remain Intact Despite Price Hesitation

    GOLD recovery threats remain intact despite price hesitation during Monday trading session. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD recovery threats remain intact though facing price hesitation.
     
  7. FXTechstrategy

    FXTechstrategy Active Trader

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    USDCHF Weakens On Price Sell Off With Eyes On 1.0100

    USDCHF weakens on price sell off with eyes on 1.0100 support level. On the downside, support is seen at the 1.0100 level. A turn below here will set the stage for more decline towards the 1.0050 level. And then the 1.0000 level. Further down, support resides at the 0.9950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0200 level. Above here, resistance lies at the 1.0250 level and then the 1.0300 level. Further out, resistance comes in at the 1.0350 level. All in all, USDCHF continues to eye further downside pressure towards the 1.0100 support level
     
  8. FXTechstrategy

    FXTechstrategy Active Trader

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    EURGBP Looks To Extend Gain On Price Reversal

    EURGBP looks to extend gain on price reversal following its strong rally the past week. On the downside, support stands at the 0.8600 level where a violation will turn focus to the 0.8550 level. A break below here will aim at the 0.8500 level. Conversely, resistance lies at the 0.8650 level. A violation if seen will turn risk towards the 0.8700 level. Further up, resistance comes in at 0.8750 level followed by the 0.8800 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURGBP looks to extend gain on price reversal after its past week rally.
     
  9. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD Outlook Still Points Higher On Recovery

    EURUSD outlook still points higher on recovery as we enter a new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURUSD outlook still points higher on recovery.
     
  10. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD Retains Its Downside Pressure On Further Weakness

    GBPUSD retains its downside pressure on further weakness. Support lies at 1.2850 as it look for more weakness. Below that level will open the door for more decline towards 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level. Further down, support lies at the 1.2650 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance stands at the 1.2950 with a turn above here allowing for additional strength to build up towards the 1.3000 level. Further out, resistance stands at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD retains its downside pressure on further weakness.
     
  11. FXTechstrategy

    FXTechstrategy Active Trader

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    GOLD Looks To Decline Further On Medium Term Bear Pressure

    GOLD looks to decline further on medium term bear pressure following its lower close the past week. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to decline further on medium term bear pressure.
     
  12. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD Follows Through Lower On Further Downside Pressure

    GBPUSD follows through lower on further downside pressure with eyes on support located at 1.2600 level. Support lies at 1.2550 as it looks for more weakness. Below that level will turn attention to the 1.2500 level. Further down, support comes in at the 1.2450 level where a break will turn focus to the 1.2400 level. Further down, support lies at the 1.2350 level. On the upside, resistance stands at the 1.2700 with a turn above here allowing for additional strength to build up towards the 1.2750 level. Further out, resistance stands at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD looks to weaken further lower on bear threats.
     
  13. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPJPY Remains Bearish With Eyes On 138.50 Zone

    GBPJPY remains bearish with eyes on 138.50 zone following its recent weakness. On the downside, support comes in at the 138.50 level where a violation will aim at the 138.00 level. A break below here will target the 137.50 level followed by the 137.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 139.50 level followed by the 140.00 level. A cut through that level will set the stage for a move further higher towards the 140.50 level. Further out, resistance resides at the 141.00 level. All in all, GBPJPY remains with eyes on 138.50 zone as we expect more weakness.
     
  14. FXTechstrategy

    FXTechstrategy Active Trader

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    EURJPY Retains Broader Downside Pressure With Eyes On 122.00 Level

    EURJPY retains broader downside pressure with eyes on 122.00 level and beyond in the days ahead. Support comes in at the 121.50 level where a break if seen will aim at the 121.00 level. A cut through here will turn focus to the 120.50 level and possibly lower towards the 120.00 level. Its daily RSI is bearish and pointing higher suggesting further weakness. On the upside, resistance resides at the 123.00 level. Further out, we envisage a possible move towards the 123.50 level. Further out, resistance resides at the 124.00 level with a turn above here aiming at the 124.50 level. On the whole, EURJPY retains broader downside pressure with eyes on 122.00 level.
     
  15. FXTechstrategy

    FXTechstrategy Active Trader

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    GOLD Pressure Builds Up On The Downside

    GOLD pressure builds up on the downside with the commodity closing lower on Wednesday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. All in all, GOLD looks to decline further on medium term bear pressure.
     
  16. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD Declines More On Price Extension.

    GBPUSD declines more on price extension following its recent bear pressure. Support lies at 1.2500 as it looks for more weakness. Below that level will turn attention to the 1.2450 level. Further down, support comes in at the 1.2400 level where a break will turn focus to the 1.2350 level. Further down, support lies at the 1.2300 level. On the upside, resistance stands at the 1.2600 with a turn above here allowing for additional strength to build up towards the 1.2650 level. Further out, resistance stands at the 1.2700 level followed by the 1.2750 level. On the whole, GBPUSD declines more on price extension following its recent weakness.
     
  17. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD Holds Off The 1.1106 Key Support Zone

    EURUSD holds off the 1.1106 key support zone as it looks to recover further higher. Support comes in at the 1.1150 where a violation will turn risk to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD continues to threaten further upside pressure on correction.
     
  18. FXTechstrategy

    FXTechstrategy Active Trader

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    EURGBP Looks To weaken Further Lower On Correction

    EURGBP looks to weaken further lower on correction as it retains its downside pressure. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.8900 level. A violation if seen will turn risk towards the 0.8950 level. Further up, resistance comes in at 0.9000 level followed by the 0.9050 level. All in all, EURGBP remains biased to the upside on more recovery
     
  19. elawamy

    elawamy Newbie

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    Daily Technical analysis 6 Jun 2019 for major Forex pairs
     
  20. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD Rejects Higher Prices, Weakens

    EURUSD rejects higher prices, weakens as it lost upside pressure on Wednesday. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1300 level with a break through there opening the door for further upside towards the 1.1350 level. Further up, resistance comes in at the 1.1400 level where a violation will expose the 1.1450 level. All in all, EURUSD continues to threaten further upside pressure on correction.
     

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