EUR/USD

The pair was stopped dead in its tracks at 1.1350 and has since dropped over 150 pips to make a new short term low of 1.1180 as the medium term trend turns bearish. 1.1200 forms the top of the range that bull swill look to capture as a starting point to moving higher to 1.1225, 1.1250 and 1.1275 while 1.1175 forms the bottom of the range that bears will be hunting as they look to extend their recent gains with targets at 1.1150, 1.1125 and 1.1100.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1164 1.1172 1.1185 1.1193 1.1206 1.1214 1.1227
WEEKLY 1.0951 1.1064 1.1131 1.1244 1.1311 1.1424 1.1491
MONTHLY 1.0766 1.0858 1.1016 1.1108 1.1266 1.1358 1.1516
 

GBPUSD

The Cable formed a clear double top after bears took control of 1.3250, driving prices over 150 pips lower to trade below 1.3100. As it stands the bulls will be looking to capture 1.3125 with target at 1.3150, 1.3175 and 1.3200. Similarly bears will be looking to capture 1.3075 as they extend their recent momentum, driving prices lower, with targets at 1.3050, 1.3025 and 1.3000.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3087 1.3100 1.3114 1.3127 1.3141 1.3154 1.3168
WEEKLY 1.2762 1.2894 1.3017 1.3149 1.3272 1.344 1.3527
MONTHLY 1.2168 1.2482 1.2857 1.3171 1.3546 1.3860 1.4235
 

AUDUSD

0.7675 proved too difficult for bulls to capture as bears resurfaced at this level to drive prices back below 0.7600, confirming that the short term trend is now negative with a downward bias. Bears will look to capture 0.7525 as a starting point to further downside with targets at 0.7500, 0.7475 and 0.7450, Bulls will be looking to recapture some of Fridays losses by capturing 0.7575 and targeting 0.7600, 0.7625 and 0.7650.


AUD/USD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7510 0.7525 0.7532 0.7547 0.7554 0.7569 0.7576
WEEKLY 0.7365 0.7456 0.7510 0.7601 0.7655 0.7746 0.7800
MONTHLY 0.7172 0.7288 0.7443 0.7559 0.7714 0.7830 0.7985
 

GOLD

Gold continues to consolidate with bears managing to keep prices at the previous weeks lows for a second week in a row. As it stands, support is at 1315 with 1310 and 1305 providing additional support before the key 1300 support level. To the upside we have resistance at 1325, with targets at 1330, 1335 and 1340.


GOLD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1319.31 1320.48 1322.11 1323.28 1324.91 1326.08 1327.71
WEEKLY 1287.74 1302.37 1311.94 1326.57 1336.14 1350.77 1360.34
MONTHLY 1254.14 1283.47 1316.40 1345.57 1378.34 1407.67 1440.44