one to one coaching

(Discuss) Daily Technical Strategy On Currencies & Commodities

EURUSD: Vulnerable, Faces Corrective Pull Back

EURUSD: Vulnerable, Faces Corrective Pull Back

EURUSD: The pair may have closed slightly higher on the weekly chart the past week but faces corrective pullback threats. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Conversely, on the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level. All in all, EURUSD faces further downside pressure medium term.
 
GOLD: Sees Corrective Recovery Higher But With Caution

GOLD: Sees Corrective Recovery Higher But With Caution

GOLD: The commodity closed higher the past but could face correction in the new week. On the downside, support comes in at the 1,160.00 level where a break will turn attention to the 1,150.00 level. Further down, a cut through here will open the door for a move lower towards the 1,140.00 level. Below here if seen could trigger further downside pressure targeting the 1,130.00 level. Conversely, resistance resides at the 1,180.00 level where a break will aim at the 1,190.00 level. A turn above there will expose the 1,200.00 level. Further out, resistance stands at the 1,250.00 level. All in all, GOLD looks to weaken further on trend resumption.
 
GOLD: Retains Upside Tone Despite Price Hesitation

GOLD: Retains Upside Tone Despite Price Hesitation

GOLD: The commodity took back its Friday losses to close higher on Monday. Tough seen hesitating, it still faces upside risk. On the downside, support comes in at the 1,170.00 level where a break will turn attention to the 1,160.00 level. Further down, a cut through here will open the door for a move lower towards the 1,150.00 level. Below here if seen could trigger further downside pressure targeting the 1,140.00 level. Conversely, resistance resides at the 1,190.00 level where a break will aim at the 1,200.00 level. A turn above there will expose the 1,210.00 level. Further out, resistance stands at the 1,220.00 level. All in all, GOLD looks to recover further higher.
 
EURUSD: Follows Through Lower On Price Weakness

EURUSD: Follows Through Lower On Price Weakness

EURUSD: With the pair following through lower on the back of its Tuesday losses on Wednesday, further decline is envisaged. On the down, support lies at the 1.0450 level where a violation will aim at the 1.0400 level. A break of here will aim at the 1.0350 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, on the upside, resistance comes in at 1.0550 level with a cut through here opening the door for more upside towards the 1.0600 level. Further up, resistance lies at the 1.0650 level where a break will expose the 1.0700 level. All in all, EURUSD faces further downside pressure medium term.
 
EURUSD: Rallies, Sees Further Bullishness

EURUSD: Rallies, Sees Further Bullishness

EURUSD: With the pair taking back its intra day losses to close higher on Wednesday and following through on a rally during Thursday trading session, more strength is envisaged. On the down, 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. Conversely, on the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside 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, EURUSD faces further upside pressure on price rally.
 
USDCHF: Remains Vulnerable To The Downside But With Caution

USDCHF: Remains Vulnerable To The Downside But With Caution

USDCHF: The pair closed further lower the past week though we could see a recovery higher in the new week. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.0000 level and then the 0.9950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0150 level where a break will clear the way for more strength to occur towards the 1.0200 level. Further out, resistance comes in at the 1.0250 level. All in all, USDCHF remains biased to the downside on further weakness.
 
EURUSD: Bullish, Retains Its Recovery Bias

EURUSD: Bullish, Retains Its Recovery Bias

EURUSD: With the pair closing higher the past week, further bullishness is expected in the new week. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure but with caution.
 
GOLD: Targets Further Upside Pressure On Price Extension

GOLD: Targets Further Upside Pressure On Price Extension

GOLD: The commodity remains biased to the upside following its price extension the past week. This development leaves more strength to the upside in the new week. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the 1,170.00 level. Below here if seen could trigger further downside pressure targeting the 1,160.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the 1,210.00 level. A turn above there will expose the 1,220.00 level. Further out, resistance stands at the 1,230.00 level. All in all, GOLD looks to recover further higher.

You must be registered for see images
 
EURUSD: Rallies, Resumes Short Term Uptrend

EURUSD: Rallies, Resumes Short Term Uptrend

EURUSD: With the pair rallying to stop its weakness on Tuesday, more strength is envisaged. On the down, 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. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure in the short term
 
USDCHF: Continues To Maintain Downside Pressure

USDCHF: Continues To Maintain Downside Pressure

USDCHF: The pair closed lower the past week opening the door for more weakness. On the downside, support lies at the 1.0000 level. A turn below here will open the door for more weakness towards the 0.9950 level and then the 0.9900 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0050 level where a break will clear the way for more strength to occur towards the 1.0100 level. Further out, resistance comes in at the 1.0150 level. All in all, USDCHF remains biased to the downside on further weakness.
 
EURUSD: Bullish, Eyes More Recovery Higher

EURUSD: Bullish, Eyes More Recovery Higher

EURUSD: With the pair closing higher the past week, further bullishness is likely in the new week. On the down, 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. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further upside pressure in the new week.
 
GOLD: Looks To Strengthen Further Towards 1,1218.00 Zone

GOLD: Looks To Strengthen Further Towards 1,1218.00 Zone

GOLD: Looks To Strengthen Further Towards 1,1218.00 Zone

GOLD: The commodity closed higher the past week leaving risk of price extension on the cards. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. Conversely, resistance resides at the 1,220.00 level where a break will aim at the 1,230.00 level. A turn above there will expose the 1,240.00 level. Further out, resistance stands at the 1,250.00 level. All in all, GOLD looks to weaken further.

You must be registered for see images
 
EURUSD: Pulls Back, Targets 1.0651 Zone

EURUSD: Pulls Back, Targets 1.0651 Zone

EURUSD: With the pair pulling back on Tuesday and remaining vulnerable to the downside, risk of a follow through lower is likely. On the down, 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. Conversely, on the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. All in all, EURUSD faces further downside pressure.
 
GOLD: Declines Further On Bear Pressure

GOLD: Declines Further On Bear Pressure

GOLD: The commodity closed further lower on Thursday leaving risk of more weakness on the cards. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a move lower towards the 1,160.00 level. Below here if seen could trigger further downside pressure targeting the 1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the 1,210.00 level. A turn above there will expose the 1,220.00 level. Further out, resistance stands at the 1,230.00 level. All in all, GOLD looks to weaken further.

You must be registered for see images
 
EURUSD: Risk Remains Lower On Further Weakness

EURUSD: Risk Remains Lower On Further Weakness

EURUSD: With the pair closing flat the past week after rejecting higher prices the past week, further weakness is likely in the new week. On the down, 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. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further downside pressure in the new week as long as it trades and holds below the 1.0774 zone.
 
GOLD: Bearish, Declines 0n Correction

GOLD: Bearish, Declines 0n Correction

GOLD: The commodity closed lower the past week leaving risk of more weakness on the cards in the new week. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a move lower towards the 1,160.00 level. Below here if seen could trigger further downside pressure targeting the 1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the 1,210.00 level. A turn above there will expose the 1,220.00 level. Further out, resistance stands at the 1,230.00 level. All in all, GOLD looks to weaken further.

You must be registered for see images
 
EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

EURUSD: With the pair strengthening strongly during Tuesday trading session today, more bull pressure is envisaged. We expect to first retarget its resistance located at 1.0774 level. On the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 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. Conversely, All in all, EURUSD faces further upside pressure short term
 
GBPUSD: Strengthens, Risk Builds Up On 1.2673/1.2700 Zone

GBPUSD: Strengthens, Risk Builds Up On 1.2673/1.2700 Zone

GBPUSD: GBP was seen building up on its Tuesday bullish price action during Wednesday trading session today. This development has left the pair targeting its key upside targets seen at 1.2673/1.2700 zone. Support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level. Below here will set the stage for more weakness towards the 1.2450 level. Conversely, resistance stands at the 1.2700 levels with a turn above here allowing more strength to build up towards the 1.2750 level. Further out, resistance resides at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD threatens further upside pressure.

You must be registered for see images
 
GOLD: Remains Bullish In The Short Term

GOLD: Remains Bullish In The Short Term

GOLD: The commodity rallied on Thursday following its recent bullish short term uptrend. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GOLD looks to strengthen further in the days ahead.
 
USDCHF: Risk Continues To Build On The Downside

USDCHF: Risk Continues To Build On The Downside

USDCHF: The pair weakened further the past week leaving risk of more decline on the cards. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. All in all, USDCHF remains biased to the downside on further weakness.
 
EURUSD: Risk Remains Higher On More Strength

EURUSD: Risk Remains Higher On More Strength

EURUSD: With the pair closing higher the past week, further bullishness is envisaged in the new week. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside 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. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure short term
 
GOLD: Threatens Further Bullish Offensive

GOLD: Threatens Further Bullish Offensive

GOLD: The commodity continues to hold on to its upside pressure as it looks to follow through higher in the new week. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, GOLD looks to strengthen further.

You must be registered for see images
 
EURUSD: Vulnerable, Sees Bear Pressure

EURUSD: Vulnerable, Sees Bear Pressure

EURUSD: With the pair seen weakening on a follow through on the back of its Monday losses, more decline should occur on correction. On the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure on correction.

You must be registered for see images
 
EURUSD: Vulnerable, Targets Further Weakness

EURUSD: Vulnerable, Targets Further Weakness

EURUSD: With the pair closing lower the past week on correction, further weakness may occur in the new week. However, we think a move back up could happen. On the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. All in all, EURUSD faces further downside pressure but with caution.
 
one to one coaching
Top