downside

  1. Andora Andrei

    (Discuss) EUR/USD - daily

    Here’s an easy peasy range play for ya! EUR/USD is a hair’s breadth away from the 1.0550 handle, an area which has been holding as support since March 2015. What makes the setup more interesting is that stochastic is flashing an oversold signal. Think the euro will see a bounce at the level? Or...
  2. FXTechstrategy

    USDJPY: Consolidates With Downside Threats

    USDJPY: Having closed higher for a third consecutive week, further bullish offensive is envisaged. However, with price hesitation seen on price we could see it weaken in the new week though with caution. On the downside, support comes in at the 109.50 level where a break if seen will aim at the...
  3. FXTechstrategy

    (Discuss) Daily Technical Strategy On Currencies & Commodities

    GOLD Looks For Directional Bias GOLD: Though vulnerable to the downside on correction, the commodity is now looking for directional bias on the daily chart. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut...
  4. FXTechstrategy

    (Discuss) GBPJPY: Risk Remains Lower Medium Term

    GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level. Conversely, resistance is seen at the...
  5. FXTechstrategy Team

    (Discuss) GBPUSD: Sells Off On Price Weakness

    GBPUSD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBPUSD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down...
  6. FXTechstrategy Team

    (Discuss) GOLD Sets Up To Pullback On Correction

    GOLD: With GOLD rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower...
  7. FXTechstrategy Team

    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...
  8. FXTechstrategy Team

    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...
  9. FXTechstrategy Team

    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...
  10. FXTechstrategy Team

    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...
  11. FXTechstrategy Team

    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...
  12. FXTechstrategy Team

    GOLD: Bear Risk Builds Up On The 1156.74 Zone

    GOLD: The commodity declined further on Monday opening the door for more weakness. GOLD continues to hold on its weakness triggered off the 1183.80 level on Oct 15 2015. On the downside, support comes in at the 1160.00 level where a break will aim at the 1150.00 level. A cut through here will...
  13. FXTechstrategy Team

    AUDUSD: Weak, Risk Builds On The 0.7197 Level

    AUDUSD: AUDUSD took back its intra day gains to close slightly lower on Monday leaving risk of more weakness on the cards. While the pair can trade and hold below the 0.7363/81 levels, we think more weakness should occur towards its support at 0.7197. On the upside, resistance lies at the 0.7300...
  14. FXTechstrategy Team

    NZDUSD Remains Under Pressure, Closes In On 0.6707/37 Region

    NZDUSD: With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level where a break will turn attention to the 0.6700 level. Further down, the 0.6650 level comes in as the next...
  15. FXTechstrategy Team

    AUDUSD: Price Stalls Ahead Of 0.7381, Vulnerable

    AUDUSD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session. This suggests on continued trading below the mentioned support, further bear threats cannot be ruled out. On the downside, support comes in at the 0.7250 level where a breach will...
  16. FXTechstrategy Team

    GOLD Cuts Through 1170.03 Level With Eyes On 1205.70

    GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the...
  17. FXTechstrategy Team

    EURUSD: Risk Points Lower Below The 1.1459 Level

    EURUSD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias. On the downside, support...
  18. FXTechstrategy Team

    USDCHF Turns Down On Further Price Extension

    USDCHF: The pair saw a follow-through lower the past week on the back of its previous week losses. This development leaves it weak and vulnerable to the downside in the new week. On further weakness its key support located at the 0.9527 level will be targeted. A move below that level will call...
  19. FXTechstrategy Team

    AUDUSD Recovers Higher, Sets Up To Extend Strength

    AUDUSD: The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its Sept 29 2015 low. On the downside, support resides at the 0.7100 level where a breach will aim at...
  20. FXTechstrategy Team

    EURJPY: Bear Pressure Builds Up On Price Failure

    EURJPY: The cross closed on a rejection candle after a failed intra day attempts on the upside. We now look for EURJPY to decline further. This view remains valid as long as it holds and trades below the 135.71/136.33 zone. Resistance is seen at the 135.50 level where a break will turn attention...
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