EURUSD

Euro bears made a second attempt on the 1.0950 support level which has held since July this year. Their attack was fended off by waiting bulls who were quick to push the pair back up as bears tiptoed to the line. Unable to take out the stops below has the pair correcting north as bears try to amass a bigger attack. Should bulls manage to push price through the inside trend line we might see a quick attack on the outside trend line as they look to establish a base above the 1.0975 level. Resistance is at 1.0975, 1.1000 and 1.1025 while support is at 1.0950, 1.0925 and 1.0900.


EURUSD  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0897 1.0925 1.0949 1.0977 1.1001 1.1029 1.1053
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 could do little to overcome the bullish presence at the H4 100 EMA where bulls have established a solid support zone in confluence with the 23.6% fibo level. However formidable the H4 support is, just above at 104.00 we have the Daily resistance of the 100 EMA which may trump it as we see the larger bears enter near these levels. Trade is expected to remain between 103.00 and 104.00 until tonight’s BOJ release which will provide the momentum for a break out of either.


USDJPY  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 102.29 102.72 103.08 103.51 103.87 104.30 104.66
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 smashed through 0.7700 as they peeked above the 0.7730 key resistance line in an attempt to trigger stops. However, bears proved too powerful at these levels and we have since seen some profit taking from bulls as bargain hunting bears enter the game. The reaction at 0.7700 will provide the clues as to the future movement with a close above implying that bulls still have some steam in the tank while if bears can hold 0.7675 or 0.7700 we might just see convergence to the 100 or 200 EMA support zone.


AUDUSD  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7602 0.7629 0.7676 0.7703 0.7750 0.7777 0.7824
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

Gold is gently squeezing higher as we see the precious metal enjoy the air above the 1255 resistance level. Key support is at 1265, 1260 and 1255 which would most probably attract more buyers as they look to get in the longer term direction. Resistance is at 1275, 1280 and 1285.


GOLD​  
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1254.76 1258.83 1263.36 1267.43 1271.96 1276.03 1280.56
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