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EURUSD Faces Downside Pressure In The Short Term

EURUSD: With EURUSD weakening during Tuesday trading session, further decline is expected in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the

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GBPUSD Looks To Recapture The 1.4402 Level

GBPUSD: The pair continues to hold on to its downside pressure triggered on Friday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the stage for more weakness towards the 1.4250 level. Its daily RSI is bearish and pointing lower suggesting

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EURJPY: Weakens Below Its Consolidation Range.

EURJPY: With the cross breaking and trading below its consolidation range, risk of more weakness is likely in the days ahead. Support comes in at the 122.00 level where a break will aim at the 121.50 level. A turn below here will target the 121.00 level with a breach turning focus to the 120.50 level. Its daily RSI is bearish and pointing lower

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USDJPY: Consolidates With Downside Threats

USDJPY: Having closed higher for a third consecutive week, further bullish offensive is envisaged. However, with price hesitation seen on price we could see it weaken in the new week though with caution. On the downside, support comes in at the 109.50 level where a break if seen will aim at the 109.00 level. A cut through here will turn focus to the

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GOLD Declines On Continued Correction

GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for

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EURUSD: Maintains Downside Pressure But With Caution

EURUSD: With EURUSD weakening for a third week in a row, more downside pressure is envisaged. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level. Conversely, on the upside, resistance comes in at 1.1250 level with a cut through

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USDCHF Remains Bullish On Correction

USDCHF: Having the pair closed higher the past week, we expect it extend that recovery in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. On the upside, resistance resides at the 0.9950 level where a break will clear the

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AUDUSD: Halts Weakness, Eyes Recovery

AUDUSD. With the pair halting its weakness to close on a rejection candle on Thursday, a move higher could be developing. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards

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