EUR/USD

1.0850 is still the level to beat for bears should they wish to test deeper waters but bulls are well aware of this and have banded around this level in hopes of keeping the pair afloat. Currently we are seeing consolidation take place but a close above 1.0900 will signal to bears to take profit while also attracting new buyer for the breakout. Conversely a close below 1.0850 will see stops triggered as the defending bulls jump out the way and more bears enter the game. Resistance is at 1.0900, 1.0925 and 1.0950 while support is at 1.0850, 1.0825 and 1.0800.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0814 1.0836 1.0859 1.0881 1.0904 1.0926 1.0949
WEEKLY 1.0629 1.0743 1.0813 1.0927 1.0997 1.1111 1.1181
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bulls have taken the driving seat after recapturing 104.00 and moving their defenses higher to the 104.25 level. As it stands bulls will be eying the 200 daily EMA with interim targets at 104.50, 104.75 and 105.00 while bears will have to beat 104.00 if they have any hope of turning the tide to bearish and testing the support at 103.75, 103.50 and 103.25.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.17 103.43 103.81 104.07/td> 104.45 104.71 105.09
WEEKLY 101.91 102.53 103.18 103.80 104.45 105.07 105.72
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

Bears managed a sneak attack yesterday as they looked to recapture 0.7575 but all their effort were squashed as bulls gathered their strength making sure that the pair trades back above the 100 EMA. Provided the pair stays above 0.7575, we would be looking for longs into resistance with targets at 0.7650, 0.7675 and 0.7700 otherwise shorts will be favored into 0.7550, 0.7525 and 0.7500.

AUDUSD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7532 0.7560 0.7586 0.7614 0.7640 0.7668 0.7694
WEEKLY 0.7382 0.7480 0.7543 0.7641 0.7704 0.7802 0.7865
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

Gold is consolidating between 1260 and 1270 as more direction is sought. 1265 is the current support level and bulls will be looking to hold the bears off in this zone as they look to break 1270, opening the way for 1275, 1280 and 1285. However, should bears capture 1260, we will likely see them push for 1255, 1250 and 1245.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1252.06 1256.93 1259.46 1264.33 1266.86 1271.73 1274.26
WEEKLY 1231.76 1240.83 1253.36 1262.43 1274.96 1284.03 1296.56
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04