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:
    98
    Likes Received:
    0
    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

    [​IMG]
     
  2. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    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


    [​IMG]
     
  3. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    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.

    [​IMG]
     
  4. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    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.

    [​IMG]
     
  5. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    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.

    [​IMG]
     
  6. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    EURJPY: Looks To Recovery Higher On Price Halt

    EURJPY: The pair closed higher on price halt on Friday opening the door for more strength. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the upside, resistance resides at the 133.50 level. Further out, we envisage a possible move towards the 134.00 level. Further out, resistance resides at the 134.50 level with a turn above here aiming at the 135.00 level. On the whole, EURJPY faces further bear threats

    [​IMG]
     
  7. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    GBPUSD: Strengthens, Remains On The Offensive

    GBPUSD: The pair followed through higher on the back of its Friday gain on Monday. 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 correct further higher.
     
  8. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    GOLD: Tumbles Lower, Extends Weakness

    GOLD: The commodity retains its downside short term as it sold off on Thurs leaving risk of more upside pressure. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure towards the 1,270.00 level. Conversely, resistance resides at the 1,310.00 level where a break will aim at the 1,320.00 level. A turn above there will expose the 1,330.00 level. Further out, resistance stands at the 1,340.00 level. All in all, GOLD looks to strengthen further.

    [​IMG]
     
  9. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    GBPUSD: Sees Price Follow Through Higher

    GBPUSD: The pair continues to retain its upside pressure on recovery extending its Friday gain. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at the 1.3950 levels with a turn above here allowing more strength to build up towards the 1.4000 level. Further out, resistance resides at the 1.4050 level followed by the 1.4100 level. On the whole, GBPUSD looks to follow through higher.

    [​IMG]
     
  10. FXTechstrategy

    FXTechstrategy Senior Investor

    Joined:
    Sep 2017
    Posts:
    98
    Likes Received:
    0
    EURUSD: Faces Further Weakness

    EURUSD: The pair looks to follow through higher on the back of past week gain. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further recovery threats.

    [​IMG]
     

Share This Page