EURUSD

Bulls managed to hold 1.1000 despite heavy selling by bears, pushing price back beyond 1.1050 before relenting to bearish pressure. Currently the pair is testing the 1.1025 support zone, which if held, will see bulls target 1.1050, 1.1075 and 1.1100. However, should bears capture 1.1025, we expect a retest of 1.1000 as they look to capture 1.0975, 1.0950 and 1.0925.

EURUSD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0930 1.0956 1.1006 1.1032 1.1082 1.1108 1.1158
WEEKLY 1.0975 1.1038 1.1119 1.1182 1.1263 1.1326 1.1407
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

The USDJPY pair dipped below 103.50 as bears took control in evening trade but they could not hold on to any gains as bulls swept in to buy the pair as they yet again made the 100 EMA their key support area. The pair has since popped above the 104.00 resistance level and the battle will continue at this level. Should bears capture 104.00, we expect them to push lower in an attempt to finish the week with a bearish tone. Bulls will do all they can to defend 104.00 as they look to test higher. Resistance is at 104.25, 104.50 and 104.75 while support is at 104.00, 103.75 and 103.50.

USDJPY

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 101.80 102.56 103.12 103.88 104.44 105.20 105.76
WEEKLY 98.37 99.78 101.35 102.76 104.33 105.74 107.31
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

The pair managed to make a higher high as bulls captured the 0.7600 resistance level, placing the recent bearish trend in doubt. Should bulls manage to capture 0.7625 the trend will be considered bullish with bears abandoning their stations as they look to protect their gains. Support is at 0.7575, 0.7550 and 0.7525 while resistance is at 0.7600, 0.7625 and 0.7650.

AUDUSD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7444 0.7474 0.7521 0.7551 0.7598 0.7628 0.7675
WEEKLY 0.7378 0.7464 0.7521 0.7607 0.7664 0.7750 0.7807
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

Bulls will be looking to hold onto 1255 as a stepping stone to higher prices as we see them begin building positions on the confluence of two trend lines and the 61.8% fibo with hopes of targeting 1260, 1265 and 1270. Bears will be just as eager to capture 1255 which would open the gate way to 1250, 1245 and 1240 for the Gold price.

GOLD

 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1250.00 1252.60 1253.80 1256.40 1257.60 1260.20 1261.40
WEEKLY 1159.36 1204.43 1226.66 1271.73 1293.96 1339.03 1361.26
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04