Daily Technical Strategy On Currencies & Commodities

[FXTechstrategy]

USDCHF Threatens To Weaken Further Lower

USDCHF eyes further downside pressure as it looks to extend its broader downside pressure. Support comes in at the 0.8950 level. Below here, support lies at the 0.8900 level and then the 0.8850 level. Further down, support comes in at the 0.8800 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 0.9050 level with a turn above there opening the door for a move towards the 0.9100 level. And then the 0.9150 level. Further up, resistance comes in at the 0.9200 level. All in all, USDCHF remains biased to the downside on further strength.

 

[FXTechstrategy]

USDJPY Bullish, Eyeing Further Upside

USDJPY looks to move further higher as it retains most of its rally gain. On the downside, support comes in at 105.00 level. Below this level will turn attention to the 104.50 level. Further down, support is seen at the 104.00 level. A cut through here will open the door for more decline towards the 103.50. On the upside, resistance comes in at the 105.50 level where a break will target the 106.00 level. Below that level will turn focus to the 106.50 level and then lower towards the 107.00 level. On the whole, USDJPY faces further upside threat in the days ahead.


[]URL deleted]

 

[FXTechstrategy]

EURUSD Pressure Continues To Build Up

EURUSD faces further upside pressure after closing for a second day in a row on Friday. Resistance comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EURUSD looks for more upside pressure in the days ahead.


[URL deleted]

 

[FXTechstrategy]

EURUSD Risk Points Higher In The Short Term

EURUSD faces risk of further move higher in the days ahead. Resistance comes in at the 1.1950 with a break of that area turning risk towards the 1.2000 level. A move above here will target the 1.2050 level. Further up, resistance stands at the 1.2100. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EURUSD looks for more upside pressure in the days ahead.

 

[FXTechstrategy]

GBPUSD Looks To Weaken Further Lower On Sell Off

GBPUSD with the pair rejecting higher prices on Friday and following through lower on Monday, more decline is likely in the days ahead. Support is seen at 1.3300 area with a break turning focus to the 1.3250 level. Further down, support lies at the 1.3200 level. A cut through here will turn focus to the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is seen at the 1.3350 with a break above that level allowing for more gain towards the 1.3400 level. Further out, resistance stands at the 1.3450 level followed by the 1.3500 level. On the whole, GBPUSD faces further downside threat nearer term.

[URL deleted]

 

[FXTechstrategy]

EURUSD Backs Off Higher Prices, Vulnerable

EURUSD faces risk of further weakness with more decline expected in the new week. On the down, support comes in at 1.2050 level with a violation opening the door for a run at the 1.2000 level. Further down, support is seen at the 1.1950 level. A cut through that level will clear the way for a move towards the 1.1900 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance comes in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more downside pressure on price rejection.

 

[FXTechstrategy]

USDCHF Weakens, Broader Bias Remains Lower

USDCHF continues to eye further downside pressure it retains its broader medium term weakness. Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level. Its daily RSI is bearish and pointing lower suggesting more weakness. On the upside, resistance is seen at the 0.8850 level with a turn above there opening the door for a move towards the 0.8900 level. And then the 0.8950 level. Further up, resistance comes in at the 0.9000 level. All in all, USDCHF remains biased to the downside on further weakness.

[IMG deleted]

 

[FXTechstrategy]

GBPUSD Continues To Face Recovery Risk

GBPUSD with the pair rejecting lower prices to close higher the past week, more strength is expected in the new week. Support is seen at 1.3500 area with a break turning focus to the 1.3450 level. Further down, support lies at the 1.3400 level. A cut through here will turn focus to the 1.3350 level and then the 1.3300 level. On the upside, resistance is seen at the 1.3600 with a break above that level allowing for more gain towards the 1.3650 level. Further out, resistance stands at the 1.3700 level followed by the 1.3750 level. Its daily RSI is bullish and pointing higher suggesting more gain. On the whole, GBPUSD faces further upside threat medium term

 

[FXTechstrategy]

EURUSD Price Rejection Leaves Risk Lower

EURUSD faces risk of further downside pressure after rejecting higher prices on Friday. On the down, support comes in at 1.2150 level with a violation opening the door for a run at the 1.2100 level. Further down, support is seen at the 1.2050 level. A cut through that level will clear the way for a move towards the 1.2000 level. On the upside, resistance comes in at the 1.2250 with a break of that area turning risk towards the 1.2300 level. A move above here will target the 1.2350 level. Further up, resistance stands at the 1.2400. All in all, EURUSD looks for more downside pressure in the new week.


[IMG deleted]

 

[FXTechstrategy]

USDCHF Recovery Threats Remain Intact


USDCHF continues to eye further upside pressure closing higher on Friday and opening the door for more gain in the new week. Support comes in at the 0.8800 level. Below here, support lies at the 0.8750 level and then the 0.8700 level. Further down, support comes in at the 0.8650 level. On the upside, resistance is seen at the 0.8900 level with a turn above there opening the door for a move towards the 0.8950 level. And then the 0.9000 level. Further up, resistance comes in at the 0.9050 level. Its daily RSI bullish and pointing higher suggesting more strength. All in all, USDCHF remains biased to the upside on further recovery.

 

[FXTechstrategy]

EURUSD Halts Weakness, Further Recovery Expected

EURUSD faces risk of further upside pressure after backing off lower prices on Tuesday. On the down, support comes in at 1.2100 level with a violation opening the door for a run at the 1.2050 level. Further down, support is seen at the 1.2000 level. A cut through that level will clear the way for a move towards the 1.1950 level. On the upside, resistance stands in at the 1.2150 with a break of that area turning risk towards the 1.2200 level. A move above here will target the 1.2250 level. Further up, resistance stands at the 1.2300. All in all, EURUSD looks for more upside pressure in the days ahead.

 

[FXTechstrategy]

EURUSD Eyes Further Bull Pressure Pressure



EURUSD faces risk of further upside pressure as it halted its bear pressure on Friday opening the door for more gain. On the down, support comes in at 1.2000 level with a violation opening the door for a run at the 1.1950 level. Further down, support is seen at the 1.1900 level. A cut through that level will clear the way for a move towards the 1.1850 level. On the upside, resistance stands in at the 1.2100 with a break of that area turning risk towards the 1.2150 level. A move above here will target the 1.2200 level. Further up, resistance stands at the 1.2250. All in all, EURUSD looks for more upside pressure in the new week.