Daily Technical Strategy On Currencies & Commodities

Discussion in 'Forex - Currencies Forums' started by FXTechstrategy, Sep 14, 2017.

  1. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Halts Weakness, Eyes Further Recovery Higher

    EURUSD: The pair looks to correct further higher in the new week as it faces further recovery threats. On the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Conversely, support lies at the 1.1400 level where a violation will aim at the 1.1350 level. A break of here will aim at the 1.1300 level. Below here will open the door for more weakness towards the 1.1250. All in all, EURUSD faces further downside pressure

    [​IMG]
     
  2. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Bullish, Sees Further Upside Pressure

    EURUSD: The pair followed through higher on a rally on Tuesday opening the door for more strength in the days ahead. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure.
     
  3. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Sets Up To Recover Further Higher

    EURUSD: The pair looks to recover further higher following its past week strength. On the upside, resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure

    [​IMG]
     
  4. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    CRUDE OIL: Sees Further Upside, Eyes The 70.41 Region


    CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above here will aim at the 71.50 level and then the 72.00 level followed by the 72.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside.

    [​IMG]
     
  5. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURJPY: Weakens, Threatens Move Towards The 128.79 Area

    EURJPY: The pair looks to weaken further leaving risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50 level. Further out, we envisage a possible move towards the 130.00 level. Further out, resistance resides at the 130.50 level with a turn above here aiming at the 131.00 level. On the whole, EURJPY continues to face further downside pressure on correction.

    [​IMG]
     
  6. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Loses Upside Momentum, Faces Pullback Risk With Eyes On 1.1534 Zone

    EURUSD: The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure

    [​IMG]
     
  7. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Eyes Further Weakness Towards The 1.1529/00 Zone

    EURUSD: The pair looks to follow through lower following its past week losses. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure as we look for more bear pressure.

    [​IMG]
     
  8. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Recovers Higher, Eyes Key Resistance Zone

    EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 5level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces further downside pressure though hesitating.

    [​IMG]
     
  9. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Outlook Remains Lower With Eyes On Key Support

    EURUSD: The pair may have closed higher the past week but could see a move lower following its price reversal on Friday (see daily chart). On the downside, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. Conversely, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. All in all, EURUSD may have closed higher but faces pullback threats.

    [​IMG]
     
  10. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    122
    Likes Received:
    0
    EURUSD: Bullish In The Short But With Risk Of Pullback

    EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. 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 still faces further upside pressure though with caution.

    [​IMG]
     

Share This Page