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Forums > Commercial Zone > Third Party Market Analytics > Daily Currency Analysis & Strategy
Messages (788 Replies)
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01 Apr 2015 8:34 AM
GOLD: Remains Weak And Vulnerable

GOLD: With GOLD’s bias continuing to point lower, further bearishness is now envisaged. This is consistent with its short term weakness triggered off the 1,219.51 level the past week. On the downside, support comes in at the 1,170.00 level where a break will aim at the 1,150.00 level. Below here if seen could trigger further downside towards the 1,130.00 level where a break will aim at the 1,100.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,200.00 level where a break will aim at the 1,219.51 level. A violation of here will turn attention to the 1,240.00 level followed by the 1,150.00 level. All in all, GOLD remains biased to the downside medium term but faces corrective recovery risk
02 Apr 2015 9:53 AM
AUDUSD: Risk Continues To Point Lower

AUDUSD:  With AUDUSD remaining weak and vulnerable, more declines is likely. It is now trading below its key support at the 0.7559 level. On the downside, support resides at the 0.7500 level where a breach will aim at the 0.7450 level. Below that level will set the stage for a run at the 0.7400 level with a cut through here targeting further downside towards the 0.7350 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 0.7600 level. A cut through here will turn attention to the 0.7650 level and then the 0.7700 level where a violation will set the stage for a retarget of the 0.7750 level. On the whole, AUDUSD continues to retain its broader downtrend pressure.

02 Apr 2015 10:24 AM
AUDUSD: Risk Continues To Point Lower

AUDUSD:  With AUDUSD remaining weak and vulnerable, more declines is likely. It is now trading below its key support at the 0.7559 level. On the downside, support resides at the 0.7500 level where a breach will aim at the 0.7450 level. Below that level will set the stage for a run at the 0.7400 level with a cut through here targeting further downside towards the 0.7350 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance lies at the 0.7600 level. A cut through here will turn attention to the 0.7650 level and then the 0.7700 level where a violation will set the stage for a retarget of the 0.7750 level. On the whole, AUDUSD continues to retain its broader downtrend pressure.

06 Apr 2015 9:54 AM
GBPUSD: Eyes Further Upside On Bull Pressure
 
GBPUSD: Outlook for pair has turned higher after printing a rejection candle the past week. A follow through higher is now envisaged in the new week. On the upside, resistance resides at the 1.5000 level with a break aiming at the 1.5050 level. A violation will aim at the 1.5100 level and possibly higher towards the 1.5150 level. Conversely, support lies at the 1.4800 level where a break if seen will aim at the 1.4750 level. A break of here will turn attention to the 1.4700 level. Further down, support lies at the 1.4722 level. On the whole, GBP continues to retain its recovery bias though looking to pullback.
07 Apr 2015 9:58 AM
GBPJPY: Bullish On Recovery, Eyes 179.66 level

GBPJPY: The cross is now seen recovering further and following through on the back of its Monday strength.. On the upside, resistance lies at the 179.66 level followed by the 180.50 level where a break will aim at the 181.50 level. A cut through here will aim at the 182.50 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 178.00 level where a violation will aim at the 177.00 level. A break below here will target the 176.00 level followed by the 175.00 level. Further down, support lies at the 174.00 level. All in all, the cross remains biased to the upside on recovery.
08 Apr 2015 8:17 AM
EURGBP- Declines, Faces Further Bear Threats

EURGBP- With the cross declining on Tuesday and following through lower during Wednesday trading session, it faces the risk of further price extension. On the downside, support lies at the 0.7250 level where a break will expose the 0.7200 level. Further down, support comes in at the 0.7150 level where a violation will turn attention to the 0.7100 level. On the upside, resistance lies at the 0.7350 level where a violation if seen will turn focus to the 0.7400 level. On further upside, a breach of the 0.7450 level will set the stage for a run at the 0.7500 level. All in all, the cross is biased to the downside on weakness

09 Apr 2015 10:53 AM
GBPJPY: Vulnerable, Risk Points Lower

GBPJPY: Having GBPJPY turned lower after losing its intra day strength, a move further lower is now envisaged in the days ahead. On the downside, support comes in at the 177.00 level where a violation will aim at the 176.00 level. A break below here will target the 175.00 level followed by the 174.00 level. Further down, support lies at the 173.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 178.50 level followed by the 179.50 level where a break will aim at the 180.50 level. A cut through here will aim at the 181.50 level All in all, the cross remains biased to the downside in price weakness in the short term.

12 Apr 2015 1:58 PM
EURUSD: Looks To Resume Broader Downtrend.

EURUSD:  With EUR selling off strongly the past week, it looks to resume its broader medium term downtrend. On the downside, support lies at the 1.0500 level where a violation will aim at the 1.0461 level. A break of here will aim at the 1.0400 level with a turn below that level targeting the 1.0350 level. Its weekly RSI is bearish and pointing lower supporting this view. Resistance is seen at 1.0700 level with a cut through here opening the door for more downside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EUR remains biased to the downside in the medium term.

13 Apr 2015 12:05 PM
GBPUSD Holds Above Key Supports, Eyes Further Upside
 
GBPUSD: Having held off the 1.4633/00 zone, we  look for GBPUSD to strengthen further above that level in the days ahead. On the downside, support lies at the 1.4550 level where a break if seen will aim at the 1.4500 level. A break of here will turn attention to the 1.4400 level. Further down, support comes in at the 1.4350 level. On the upside, resistance resides at the 1.5000 level with a break aiming at the 1.5050 level. A violation will aim at the 1.5100 level and possibly higher towards the 1.5150 level. Its daily RSI is slowly turning higher supporting further upside pressure.  On the whole, GBP continues to retain its recovery bias off its key support level.

15 Apr 2015 8:48 AM
GBPJPY: Halts Weakness, Eyes Recovery

GBPJPY: With GBPJPY closing higher on Tuesday on a rejection candle off its key support zone at 175.30/49, it faces recovery risk in the days ahead. On the downside, support comes in at the 175.50 level where a violation will aim at the 174.50 level. A break below here will target the 174.00 level followed by the 173.00 level. Further down, support lies at the 172.00 level. On the upside, resistance lies at the 177.00 level followed by the 178.00 level where a break will aim at the 179.00 level. A cut through here will aim at the 180.00 level. All in all, the cross remains broadly biased to the downside on price weakness but faces recovery risk.
16 Apr 2015 10:18 AM
EURJPY: Bullish On Corrective Recovery

EURJPY- With a third consecutive day of recovery now underway, further strength is envisaged in the days ahead. On the downside, support comes in at the 127.00 level where a break will aim at the 126.00 level. A turn below here will target the 125.50 level with a breach turning focus to the 125.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance resides at the 129.00 level where a break if seen will threaten further upside towards the 130.00. Further out, resistance resides at the 131.00 level where a break will aim at the 132.00. All in all, the cross continues to face upside threats on corrective recovery higher after losing downside momentum

17 Apr 2015 12:14 AM
EURGBP- Consolidates With Upside Bias.

EURGBP- With the cross halting its weakness and consolidating, it looks to recover higher. On the downside, support lies at the 0.7150 level where a break will expose the 0.7100 level. Further down, support comes in at the 0.7050 level where a violation will turn attention to the 0.7000 level. On the upside, resistance lies at the 0.7250 level where a violation if seen will turn focus to the 0.7300 level. Its daily RSI is bullish and pointing higher suggesting further recovery. On further upside, a breach of the 0.7350 level will set the stage for a run at the 0.7400 level. All in all, the cross is biased to the upside on recovery following its recent bullish offensive
19 Apr 2015 1:11 PM
EURUSD: Recovering With Caution

EURUSD:  Outlook for EUR remains to the upside after closing higher the past week. However, a mild pullback may occur in the new week as price hesitation signs are now seen on lower level charts. Resistance is seen at 1.0850 level with a cut through here opening the door for more downside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level with a turn below that level targeting the 1.0550 level. All in all, EUR remains biased to the upside on recovery. 

20 Apr 2015 10:22 AM
GBPUSD: Weakens, Vulnerable Below Key Resistance
 
GBPUSD: With GBP seen weak and vulnerable on the back of its rejection candle print on Friday, more decline cannot ruled out. On the downside, support lies at the 1.4850 level where a break if seen will aim at the 1.4800 level. A break of here will turn attention to the 1.4700 level. Further down, support lies at the 1.4650 level. Its daily RSI is turning lower supporting this view. On the upside, resistance resides at the 1.5000 level with a break aiming at the 1.5050 level. A violation will aim at the 1.5100 level and possibly higher towards the 1.5150 level. On the whole, GBP remains vulnerable below the 1.5052 level.
23 Apr 2015 12:16 AM
EURUSD: Bearish Below The 1.0848 Level

EURUSD:  While the 1.0848/86 zone remains as resistance our outlook on EUR remains to the downside. Resistance is seen at 1.0800 level with a cut through here opening the door for more downside towards the 1.0848/86 levels. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level with a turn below that level targeting the 1.0500 level. Its daily RSI is bearish and pointing lower supporting this view.  All in all, EUR remains biased to the downside medium term
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