Daily Technical Strategy On Currencies & Commodities

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

  1. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GOLD: Bullish, Targets Further Upside Pressure.

    GOLD: The commodity looks to extend upside pressure as it was seen following through higher on Monday. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure towards the 1,260.00 level. Conversely, 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 strengthen further on correction.
     
  2. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    EURUSD Targeting Further Bull Pressure, Eyes 1.1960 Zone

    EURUSD: The pair faces further upside as it looks for more strength. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1850 level where a violation will aim at the 1.1800 level. A break of here will aim at the 1.1750 level. Below here will open the door for more weakness towards the 1.1700. All in all, EURUSD faces further downside threats.
     
  3. kolman

    kolman Trader

    31
    0
    12
    Do you think Gols is gonna hit the Daily resistance next week?
     
  4. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GBPUSD: Bullish, Biased To The Upside On Trend Resumption

    GBPUSD: The pair now faces risk of a trend resumption after reversing its Friday losses on during Monday trading session. Support lies at the 1.3500 level where a break will turn attention to the 1.3450 level. Further down, support lies at the 1.3400 level. Below here will set the stage for more weakness towards the 1.3350 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face upside pressure short term.
     
  5. kolman

    kolman Trader

    31
    0
    12
    GBPUSD: The bearish correction may come to an end soon
     
  6. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    CRUDE OIL: Weakens, Eyes The 56.73 Zone

    CRUDE OIL: The commodity faces further downside pressure as it looks to follow through lower on Tuesday. On the downside, support resides at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level. Further down, support resides at the 55.50 level. On the upside, resistance resides at the 58.00 level. Further out, resistance comes in at the 58.50 level. A break above here will aim at the 59.00 level and then the 59.50 level followed by the 60.00 level. All in all, CRUDE OIL remains biased to the downside
     
  7. kolman

    kolman Trader

    31
    0
    12
    If it goes downside it'll be great since movement potential in this direction is high
    If it goes downside it'll be great since movement potential in this direction is high
     
  8. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GBPUSD: Rallies Off Intra Day Low, Eyes 1.3549 Zone

    GBPUSD: The pair held of lower prices to close higher on a rally on Thursday. This development has opened the door for more strength in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3500 levels with a turn above here allowing more strength to build up towards the 1.3550 level. Further out, resistance resides at the 1.3600 level followed by the 1.3650 level. On the whole, GBPUSD looks to recover higher.
     
  9. kolman

    kolman Trader

    31
    0
    12
    The price hit the resistance level now, so a retracement is possible on H1 timeframe
     
  10. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    EURUSD Closes Lower On Bear Pressure But With Caution

    EURUSD: The pair weakened further the past week leaving risk of more decline on the cards. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD faces further downside weakness
     
  11. kolman

    kolman Trader

    31
    0
    12
    Since EURUSD remains in the Daily downtrend, now we can see a retarcement, so new selling opportunities will appear after this correction, maybe today or tomorrow
     
  12. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GBPUSD: Bearish, Looks To Weaken Further

    GBPUSD: The pair closed lower the past leaving risk of more weakness on the cards in the new week. Support lies at the 1.3350 level where a break will turn attention to the 1.3300 level. Further down, support lies at the 1.3250 level. Below here will set the stage for more weakness towards the 1.3200 level. Conversely, resistance stands at the 1.3450 levels with a turn above here allowing more strength to build up towards the 1.3500 level. Further out, resistance resides at the 1.3550 level followed by the 1.3600 level. On the whole, GBPUSD looks to pullback further.
     
  13. kolman

    kolman Trader

    31
    0
    12
    A new impulse wave may occur after UK CPI, so one may fix part of profitable trades
     
  14. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GOLD: Recovers Higher, Eyes 1,270.00 Zone

    GOLD: The commodity faces further recovery higher as it eyes a move towards the 1,270.36 resistance zone. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open the door for a move lower towards the 1,230.00 level. Below here if seen could trigger further downside pressure towards the 1,220.00 level. Conversely, resistance resides at the 1,270.00 level where a break will aim at the 1,280.00 level. A turn above there will expose the 1,290.00 level. Further out, resistance stands at the 1,300.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further on correction.
     
  15. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    USDJPY: Bullish, Eyes Further Upside Pressure

    USDJPY: The pair closed higher on Tuesday following through higher on Wednesday. On the downside, support lies at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, USDJPY faces further upside threats.
     
  16. kolman

    kolman Trader

    31
    0
    12
    A bullish retracement on the Daily tf may come to an end soo. So a new buying opportunity may appear within next several days.
     
  17. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    EURUSD: Looks To Build Up On Strength

    EURUSD: The pair now looks to build up on its past week gains though seeing price hesitation on Friday. On the upside, resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD faces further downside weakness
     
  18. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    GBPUSD: Strengthens, Faces Further Bullishness

    GBPUSD: The pair extended its recovery higher on Thursday to open the door for more strength. Support lies at the 1.3400 level where a break will turn attention to the 1.3350 level. Further down, support lies at the 1.3300 level. Below here will set the stage for more weakness towards the 1.3250 level. Conversely, resistance stands at the 1.3500 levels with a turn above here allowing more strength to build up towards the 1.3550 level. Further out, resistance resides at the 1.3600 level followed by the 1.3650 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the whole, GBPUSD looks to strength further.
     
  19. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    USDCHF: Weakens, Looks To Decline Further

    USDCHF: The pair sold off the past week leaving risk lower in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes in at the 0.9900 level. Above here if seen will turn attention to 0.9950. All in all, USDCHF faces further corrective pullback pressure.
     
  20. FXTechstrategy

    FXTechstrategy Active Trader

    339
    1
    39
    EURUSD: Closes Higher, Eyes Further Upside Pressure

    EURUSD: The pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further upside pressure
     

Share This Page