EURUSD

The pair is beginning to look heavy after bears successfully defended the 23.6% fibo, putting the bulls on the defensive as we see them try push back from the 38.2% fibo. With the current price around the 1.1250 zone we expect bulls to try for 1.1275 with targets at 1.1300, 1.1325 and 1.1350 while bears will look to capture 1.1225 with an eye on 1.1200, 1.1175 and 1.1150.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1163 1.1191 1.1223 1.1251 1.1283 1.1311 1.1343
WEEKLY 1.1001 1.1060 1.1143 1.1202 1.1285 1.1344 1.1427
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Cable managed a double bottom around the 1.2900 support level which is support by strong trend line and psychological support. Bulls will look to capture 1.3000 with targets at 1.3025, 1.3050 and 1.3075 while bears will look to maintain their grip on the 1.3000 handle as they look to test 1.2975 and below to 1.2950 and 1.2925.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.2856 1.2885 1.2930 1.2959 1.3004 1.3033 1.3078
WEEKLY 1.2674 1.2793 1.2883 1.3002 1.3092 1.3211 1.3301
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

AUDUSD bulls continue to enjoy the driving seat for the 3 week running as they march towards 0.7700 with 0.7725 and 0.7750 on their agenda. However, strong resistance lies ahead and we will expect bears to stage a last ditch attempt at stopping the accumulating bulls with 0.7700 likely to be the first bearish ambush. Support is at 0.7675, 0.7650 and 0.7625.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7558 0.7579 0.7608 0.7629 0.7658 0.7679 0.7708
WEEKLY 0.7291 0.7380 0.7500 0.7589 0.7709 0.7798 0.7918
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold continues to range with the upper band being formed at 1340 and the lower band being formed at 1330. Bulls will look to capture 1340 with hopes of targeting 1345, 1350 and 1355. While bears will look to capture 1330 as a stepping stone to 1325, 1320 and 1315.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1329.40 1332.30 1336.00 1338.90 1342.60 1345.50 1349.20
WEEKLY 1313.34 1318.67 1327.94 1333.27 1342.54 1347.87 1357.14
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20