EUR/USD

EURUSD continues to trade in the 2nd half of the 1.0800 and 1.0900 range that has been established during its consolidation period. The pair briefly broke 1.0900 but was quick to retreat to the 1.0875 support level, which coincides with the hourly 50 and 100 EMA. A further retest of 1.0900 is on the cards as bulls eye 1.0920 and 1.0940. However, a firm close below 1.0875 will see bears try close below 1.0850 and then onwards to 1.0825 and 1.0800 as they look to resume the long term down trend.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.0838 1.0854 1.0865 1.0881 1.0892 1.0908 1.0919
DAILY 1.0793 1.0821 1.0861 1.0889 1.0929 1.0957 1.0997
WEEKLY 1.0523 1.0650 1.0724 1.0854 1.0925 1.1052 1.1126
MONTHLY 1.0058 1.0298 1.0579 1.0819 1.1100 1.1340 1.1621
 

GBP/USD

The GBPUSD could not maintain its grip of 1.4300 and has slid to the 1.4250 support zone which coincides with the uptrend formed in the corrective phase. Bulls will look to spring board to 1.4300 and the corrective phase high of 1.4362 as they look to trigger stops and finish the week at the sentiment changing 1.4500 level. However, should the 1.4250 support fail, we would see the pair push for 1.4205 before retesting the back of the trend line and falling to 1.4150 and the multiyear low of 1.40788.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.4212 1.4226 1.4243 1.4257 1.4274 1.4288 1.4305
DAILY 1.4060 1.4143 1.4193 1.4276 1.4326 1.4409 1.4459
WEEKLY 1.3823 1.3951 1.4108 1.4236 1.4393 1.4521 1.4678
MONTHLY 1.4044 1.4383 1.4561 1.4900 1.5078 1.5417 1.5595
 

NZD/USD

The pair is consolidating between 0.64250 and 0.6533, oscillating around the hourly 50 and 100 EMA, after sustaining large losses earlier in the year. The 0.6533 level proved a strong resistance level which saw the pair fall 100 pips to retest 0.64250. A failure to breach 0.64750 will see bears retest 0.64250 as they target 0.6400 and 0.63750. However, a sustained close above 0.64750 will see the top of the range being tested as bulls look to extend the consolidation phase higher, with targets at 0.6500, 0.6533 and 0.6560.

NZD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 0.6422 0.6430 0.6444 0.6452 0.6466 0.6474 0.6488
DAILY 0.6260 0.6336 0.6381 0.6457 0.6502 0.6578 0.6623
WEEKLY 1.0523 1.0650 1.0724 1.0851 1.0925 1.1052 1.1126
MONTHLY 0.6332 0.6456 0.6643 0.6767 0.6954 0.7078 0.7265
 

CRUDE OIL

Crude is retesting the $33 mark as bulls look to take advantage of recent strength and has formed an upward sloping correction phase with strong support at the $32 and the $31 zone, backed by the hourly 50 and 100 EMA. A close above $33 will see the $34 and $35 resistance levels being challenged. However, a break below $31 will see crude bears licking their lips as they put all their efforts into breaking the $30 support which would give way to $29 and $27.68 support zones.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 31.27 31.51 31.92 32.16 32.57 32.81 33.22
DAILY 27.82 28.98 30.52 31.68 33.22 34.38 35.92
WEEKLY 21.97 24.08 28.13 30.24 34.29 36.40 40.45
MONTHLY 25.02 29.50 33.27 37.75 41.52 46.00 49.77