All Blog Posts (21,233)

GBPUSD: Risk Of Bear Pressure Builds Up Below The 1.5505/07 Zone

GBPUSD: Having GBP capped its intra day gains at the 1.5505/07 zone to close lower on a rejection candle on Monday, risk of a follow through lower continues to build. On the downside, support lies at the 1.5350 level with a break of here turning attention to the 1.5300 level. Further down, support lies at the 1.5250 level. Below here will set the stage for more weakness towards the 1.5200 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance…

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Added by fxtech on November 3, 2015 at 3:56am — No Comments

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Added by ProveitOR/Zipit on November 2, 2015 at 5:55pm — No Comments

GOLD Remains On The Defensive On Price Extension.

GOLD: With GOLD weakening further on the back of its past week losses during Monday trading session, additional decline is envisaged. On the downside, support comes in at the 1125.00 level where a break will turn attention to the 1110.00 level. Further down, a cut through here will open the door for a move lower towards the 1100.00 level. Below here if seen could trigger further downside pressure targeting the 1090.00 level. Its daily RSI is bearish and pointing lower suggesting further…

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Added by fxtech on November 2, 2015 at 2:02pm — No Comments

GBPJPY Bull Pressure Eyes The 186.30/72 Region

GBPJPY: The cross may have closed the week flat but still faces upside threats while its key support at the 183.86 level remains unbroken. Its also continues to trade above its rising trendline (red). On the downside, support comes in at the 185.00 level where a violation will aim at the 184.00 level. A break below here will target the 183.00 level followed by the 182.00 level. Conversely, resistance is seen at the 186.72 level followed by the 187.50 level. A cut through will set the stage…

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Added by fxtech on November 2, 2015 at 7:10am — No Comments

EURUSD Broader Bias Continues To Point Lower

EURUSD: The pair may have closed flat the past week, a sign of price exhaustion but it still holds on to broader downside bias. Support is located at the 1.0950 level But if violated, expect more weakness to occur towards the 1.0896 level. Further down,  support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level with a turn below that level targeting the 1.0700 level. Its weekly RSI I bearish and pointing lower supporting…

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Added by fxtech on November 1, 2015 at 6:09pm — No Comments

EURGBP Retains Broader Downside Pressure

EURGBP: The cross closed lower the past week leaving risk of more weakness in the new week. As long as it trades and holds below the 0.7170/96 zone, further weakness cannot be ruled out.  Support comes in at 0.7080 level. Further down, support lies at the 0.7050 level where a violation will turn focus to the 0.7000 level. A break will expose the 0.6950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 0.7150 level where a…

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Added by fxtech on November 1, 2015 at 6:12am — No Comments

EURJPY: Bull Pressure Builds Up, Closes In On The 133.14/43 Zone

EURJPY: The cross was seen returning to upside towards its broken support turned resistance level at the 133.14/43 zone during early Friday trading today.  This is coming on the back of its price rejection on Thursday triggered from the 131.58 level. With that reversal putting EURJPY above the 132.22 level, another key support, a build up on that recovery is expected. Support comes in at 132.50 level where a break will target the 132.00 level. A move further lower will expose  the 131.50…

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Added by fxtech on October 30, 2015 at 7:29am — No Comments

GBPJPY Hesitates But Remains Weak Below The 186.30 Level

GBPJPY: The pair remains weak and vulnerable to the downside. While it holds and trades below its resistance at 186.30 level, immediate bias remains to the downside. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 185.00 level followed by the 186.00…

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Added by fxtech on October 29, 2015 at 2:13pm — No Comments

EURUSD Cuts Through The 1.1016/17 Zone, Remains Susceptible

EURUSD: With pair weakening strongly following its sell off through the 1.1016/17 levels on Wednesday, further downside pressure is envisaged. While EUR holds below the mentioned broken support, we look for weakness the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will turn risk to the 1.0750 level with a move below that level targeting the 1.0700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at…

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Added by fxtech on October 29, 2015 at 5:29am — No Comments

GBPUSD Bearish Risk Turns Attention To The 1.5199 Zone



GBPUSD: GBP continues to face downside pressure taking back its Monday gains to close lower on Tuesday. With more weakness underway, it could see further decline towards its key support located at 1.5199 level. On the downside, immediate support lies at the 1.5250 level with a break of here turning attention to the 1.5200 level. Further down, support lies at the 1.5150 level. Below here will set the stage for more weakness towards the 1.5100 level. Its daily RSI is bearish and pointing…

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Added by fxtech on October 28, 2015 at 1:54pm — No Comments

AUDUSD Weakness Sets Up For The 0.7041 Zone

AUDUSD: The pair weakened on Tuesday and was seen weakening further during early trading on Wednesday. On the downside, support comes in at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.7200 level where a break if…

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Added by fxtech on October 28, 2015 at 4:33am — No Comments

USDJPY Turns Lower At Range Top, Sells Off

USDJPY: The pair halted its strength and turned lower after failing to hold above its range top at the 121.23/32 zone on Monday. This development has triggered a sell-off leaving risk of more weakness on the cards. On the upside, risk should build up towards the 121.00 level. Above here will aim at the 121.50 level. A break will target the 122.00 level. Further out, resistance comes in at the 122.50 level where a violation will aim at the 123.00 level. On the downside, support comes in at…

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Added by fxtech on October 27, 2015 at 1:38pm — No Comments

EURUSD: Bounces Off 1.1016/17 Zone, Faces Recovery Threat

EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will turn risk to the 1.0900 level with a move below that level targeting the 1.0850 level. Its daily RSI is bearish and pointing lower supporting this view. On the…

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Added by fxtech on October 27, 2015 at 4:56am — No Comments

GBPUSD: Risk Remains Lower Below The 1.5371/83 Region

GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level. Further down, support lies at the 1.5200 level. Below here will set the stage for more weakness towards the 1.5150 level. Its weakly RSI is bearish and pointing lower suggesting further weakness.  Conversely,…

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Added by fxtech on October 26, 2015 at 2:47pm — No Comments

GOLD: Corrective Threat Keeps Outlook Lower

GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level. Below here if seen could trigger further downside pressure targeting the 1115.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness.…

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Added by fxtech on October 26, 2015 at 5:16am — No Comments

USDCHF: Pressure Set Towards The 0.9843 Zone

USDCHF: The pair strengthened the past week taking back its three-week losses to close higher.  This development has opened the door for more strength towards its key resistance at the 0.9843 level. This level if broken will set the stage for a run at the 0.9900 level. A breather may occur here and turn the pair lower. But if taken out, expect a push further higher towards the 0.9950 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in…

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Added by fxtech on October 24, 2015 at 4:07am — No Comments

GOLD: Maintain Broader Bias, Vulnerable

GOLD: With the commodity continuing to hold on to its downside pressure, further downside pressure is likely. On the downside, support comes in at the 1155.00 level where a break will aim at the 1140.00 level. A cut through here will open the door for move lower towards the 1130.00 level. Below here if seen could trigger further downside pressure towards the 1115.00 level.  Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 1190.00…

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Added by fxtech on October 23, 2015 at 5:18am — No Comments

GBPJPY: Sets Up To Weaken Further On Price Failure



GBPJPY: With the cross closing lower on price failure on Wednesday, we envisage further move lower in the days ahead. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its daily RSI is turning lower supporting this view. Conversely, resistance is seen at the 186.00 level followed by the 187.00 level. A cut through will set the stage for a move further higher…

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Added by fxtech on October 22, 2015 at 6:12am — No Comments

Japanese Exports, Imports Drop in September

Japanese exports, once the mainstay of its economy, grew at the slowest rate in thirteen months and imports tumbled pointing to a decline in domestic consumption that could tip the island nation into recession. 

The decline in exports, which have been falling for most of the year, combined with poor results in industrial production, capacity utilization, machine and machine tool orders and a sharp drop in inflation this year will inform the Bank of Japan's October 30th meeting, widely…

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Added by Joseph Trevisani on October 21, 2015 at 10:04pm — No Comments

AUDUSD: Focus Turns To The 0.7197 Level

AUDUSD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday. On the downside, support comes in at the 0.7197 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. Its daily RSI is bearish and pointing lower…

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Added by fxtech on October 21, 2015 at 12:39pm — No Comments

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