EURUSD

The pair continues to correct its recent sell off and bulls are currently challenging the 1.1025 resistance level which is fortified by the H1 100 EMA. Should bulls manage to capture 1.1025 we will see bulls target 1.1050, 1.1075 and 1.1100. However, should bears manage to hold the 1.1025 resistance level and retake 1.1000, we would see the bears gain favour as they are joined by more sellers with targets at 1.0975, 1.0950 and 1.0925.

EURUSD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0922 1.0942 1.0971 1.0991 1.1020 1.1040 1.1069
WEEKLY 1.0654 1.0810 1.0891 1.1047 1.1128 1.1284 1.1365
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bears fought valiantly, retaking the 104.00 support zone as they managed to beat the odds, closing below the resilient H1 100 EMA. As it stands 104.00 has formed key resistance with bears looking to hold the level in hopes of testing lower. Downside target are at 103.75, 103.50 and 103.25, while bulls will look to retake 104.00 in hopes of targeting 104.25, 104.50 and 104.75.

USDJPY

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 103.00 103.38 103.63 104.01 104.26 104.64 104.89
WEEKLY 101.24 102.01 103.10 103.87 104.96 105.73 106.82
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

Bulls continue to push higher after the 61.8% fibo level held up with the pair now trading almost 100 pips higher a bull target 0.7700, 0.7725 and 0.7750. Bears will be remembering the recent lows fondly and should they hold off bullish attacks on 0.7700, will look to flood the market short with targets at 0.7675, 0.7650 and 0.7625.

AUDUSD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7536 0.7557 0.7593 0.7614 0.7650 0.7671 0.7707
WEEKLY 0.7378 0.7441 0.7531 0.7594 0.7684 0.7747 0.7837
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

The pair is still ranging as direction is sought, with bulls testing the high end of the range with hopes of breaking above 1260, which will open the way for 1265, 1270 and 1275. However, should bears hold off further appreciation, we will see the bears drive price lower as they look to recapture 1255, 1250 and 1245.

GOLD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1246.10 1248.00 1251.20 1253.10 1256.30 1258.20 1261.40
WEEKLY 1239.20 1244.90 1249.00 1254.70 1258.80 1264.50 1268.60
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04