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.
     
  10. FXTechstrategy

    FXTechstrategy Active Trader

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    USDCHF: Backs Off Lower Prices On Correction

    USDCHF: The pair halted its broader weakness on Wednesday leaving risk of more correction on the cards. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further weakness short term but with caution of a recovery.
     
  11. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Bullish, Risk Builds Up On 1.2322 level

    EURUSD: The pair continues to retain its upside pressure as it looks to target the 1.2322 level . On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
     
  12. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Vulnerable, Loses Upside Momentum

    EURUSD: The pair backed off higher prices to close on a rejection candle the past week. 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 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive
     
  13. FXTechstrategy

    FXTechstrategy Active Trader

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    CRUDE OIL: Sets Up To Resume Uptrend

    CRUDE OIL: The commodity looks to resume its upside pressure. On the downside, support resides at the 63.50 level where a break will expose the 63.00 level. A cut through here will set the stage for a run at the 62.50 level. Further down, support resides at the 62.00 level. On the upside, resistance resides at the 64.50 level. Further out, resistance comes in at the 65.00 level. A break above here will aim at the 65.50 level and then the 66.00 level followed by the 66.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside long term
     
  14. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Caps Upside Pressure, Threatens Pullback

    EURUSD: The pair may have closed higher the past week but faces corrective pullback in the new week. On the upside, resistance comes in at 1.2450 level with a cut through here opening the door for more upside towards the 1.2500 level. Further up, resistance lies at the 1.2550 level where a break will expose the 1.2600 level. Conversely, support lies at the 1.2400 level where a violation will aim at the 1.2350 level. A break of here will aim at the 1.2300 level. Below here will open the door for more weakness towards the 1.2250. All in all, EURUSD faces further upside move on bullish offensive but with caution.
     
  15. FXTechstrategy

    FXTechstrategy Active Trader

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    EURJPY: Declines On Bear Pressure

    EURJPY: The pair now looks to weaken further after it saw a move lower during Monday trading session. On the downside, support comes in at the 134.00 level where a break if seen will aim at the 133.50 level. A cut through here will turn focus to the 133.00 level and possibly lower towards the 132.50 level. On the upside, resistance resides at the 135.00 level. Further out, we envisage a possible move towards the 135.50 level. Further out, resistance resides at the 136.00 level with a turn above here aiming at the 136.50 level. On the whole, EURJPY faces further weakness threats.
     
  16. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Vulnerable Below The 1.2537 Zone

    EURUSD: The pair closed higher the past week but while trades below its key resistance at 1.2537 there is risk of a correction lower. On the upside, resistance comes in at 1.2500 level with a cut through here opening the door for more upside towards the 1.2550 level. Further up, resistance lies at the 1.2600 level where a break will expose the 1.2650 level. Conversely, support lies at the 1.2400 level where a violation will aim at the 1.2350 level. A break of here will aim at the 1.2300 level. Below here will open the door for more weakness towards the 1.2250. All in all, EURUSD faces further pullback threats.
     
  17. FXTechstrategy

    FXTechstrategy Active Trader

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    EURGBP: Sells Off Further, Eyes Key Support.

    EURGBP- The pair weakened further on Thursday leaving risk of a move lower on the cards. Support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break will expose the 0.8600 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.8800 level where a violation if seen will turn risk towards the 0.8850 level. Further up, resistance resides at 0.8900 level followed by the 0.8950 level. All in all, EURGBP remains biased to the downside.
     
  18. FXTechstrategy

    FXTechstrategy Active Trader

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    EURUSD: Vulnerable On Correction Though With Caution

    EURUSD: The pair closed lower the past week leaving risk of more weakness on the cards. We faces price hesitation with a move higher in the new week. On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its weekly RSI is bearish and pointing lower suggesting more weakness. All in all, EURUSD faces further pullback threats.
     
  19. FXTechstrategy

    FXTechstrategy Active Trader

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    EURGBP: Bullish, Eyes Further Upside Pressure

    EURGBP- The pair continues to hold on to its upside pressure as it looks to breach the 0.8927 zone. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Conversely, resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. Its daily RSI is bullish and pointing higher suggesting more strength. All in all, EURGBP remains biased to the upside on more strength
     
  20. FXTechstrategy

    FXTechstrategy Active Trader

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    GBPUSD: Bullish, Eyes Further Strength

    GBPUSD: The pair was seen following through higher on the back of its Wednesday rally during Thursday trading session. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4100 levels with a turn above here allowing more strength to build up towards the 1.4150 level. Further out, resistance resides at the 1.4200 level followed by the 1.4250 level. On the whole, GBPUSD looks to move further higher.
     

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