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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    GBPUSD: Risk Builds Up On 1.3549 Zone

    GBPUSD: The pair closed higher the past week opening the door for more strength towards its resistance at 1.3549 zone. 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 1.3549 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 looks to strengthen further.
     
  2. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Upside Pressure Risk Remains Intact

    EURUSD: The pair continues to retain its upside pressure hesitating on Friday. 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. 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 downside weakness on price halt.
     
  3. kolman

    kolman Trader

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    If EURO breaks the support level on the Daily tf (1.1990) - Daily trend will change
     
  4. kolman

    kolman Trader

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    GBP remains in the uptrend but major targets are already reached, so bearish retracement may start soon
     
  5. FXTechstrategy

    FXTechstrategy Active Trader

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    EURJPY: Follows Through Lower, Eyes 134.79 Zone

    EURJPY: With the pair following through lower to decline further on Monday, more weakness is envisaged towards its key support located at 134.79. On the downside, support comes in at the 134.50 level where a break if seen will aim at the 134.00 level. A cut through here will turn focus to the 133.50 level and possibly lower towards the 133.00 level. On the upside, resistance resides at the 136.00 level. Further out, we envisage a possible move towards the 136.50 level. Further out, resistance resides at the 137.00 level with a turn above here aiming at the 137.50 level. On the whole, EURJPY faces further price weakness.
     
  6. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD: Bullish, Resumes Short Term Uptrend

    GBPUSD: The pair faces further move higher as it builds up on its Thursday gain. Support lies at the 1.3600 level where a break will turn attention to the 1.3550 level. Further down, support lies at the 1.3500 level. Below here will set the stage for more weakness towards the 1.3450 level. Conversely, resistance stands at the 1.3650 levels with a turn above here allowing more strength to build up towards the 1.3700 level. Further out, resistance resides at the 1.3750 level followed by the 1.3800 level. On the whole, GBPUSD looks to move further higher in the days ahead.
     
  7. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Bullish, Triggers Long Term Uptrend

    EURUSD: The pair closed higher the past week triggering the resumption of long term uptrend. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2150 level where a violation will aim at the 1.2100 level. A break of here will aim at the 1.2050 level. Below here will open the door for more weakness towards the 1.2000. Its weekly RSI is bullish and pointing higher. All in all, EURUSD faces further upside weakness on further bullishness.
     
  8. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD: Bullish, Remains On Upside Offensive

    GBPUSD: The pair faces further upside pressure as it was seen building up on its past gain during Monday trading session. Support lies at the 1.3750 level where a break will turn attention to the 1.3700 level. Further down, support lies at the 1.3650 level. Below here will set the stage for more weakness towards the 1.3600 level. Conversely, resistance stands at the 1.3800 levels with a turn above here allowing more strength to build up towards the 1.3850 level. Further out, resistance resides at the 1.3900 level followed by the 1.3950 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, GBPUSD looks to move further higher on bull pressure.
     
  9. FXTechstrategy

    FXTechstrategy Active Trader

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    USDJPY: Looks To Weaken Further Lower On Bear Pressure

    USDJPY: The pair closed further lower on Monday opening the door for more weakness. This view remains valid despite its present price hesitation. On the downside, support lies at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the 111.00 level. Further out, we envisage a possible move towards the 111.50 level. Further out, resistance resides at the 112.00 level with a turn above here aiming at the 112.50 level. On the whole, USDJPY faces further bearishness.
     

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