EUR/USD

Bears continue to assault the pair as they breach the 1.0800 support level in search for their 6th consecutive day of negative closes. If bears manage to close the day below 1.0800, we will likely see bulls begin jumping out the way as the pair is steamrolled to its 2015 lows of sub 1.0500. however, with stochastics in oversold levels and the pair yet to give a decent correction, we might see bears take profits as bargain hunting bulls drive the pair up.

EUR/USD
TRANCHE DE TEMPS S3 S2 S1 POINT DE ROTATION R1 R2 R3
AU QUOTIDIEN 1.0793 1.0806 1.0814 1.0827 1.0835 1.0848 1.0856
HEBDOMADAIRE 1.0209 1.0518 1.0687 1.0996 1.1165 1.1474 1.1643
MENSUEL 1.0408 1.0628 1.0805 1.1025 1.1202 1.1422 1.1599
 

GBPUSD

Cable has bucked the trend as the sterling refuses to bow to the USD`s resurgence with the pair above its pre-election levels with strong support in the 1.2450-1.2500 zone which may be enough to see 1.2900 being challenged. However, should bears capture 1.2350, we would see the pair join the general consensus with a possible challenge on 1.2000 back on the cards.

GBPUSD
TRANCHE DE TEMPS S3 S2 S1 POINT DE ROTATION R1 R2 R3
AU QUOTIDIEN 1.2535 1.2550 1.2565 1.2580 1.2600 1.2620 1.2639
HEBDOMADAIRE 1.2083 1.2216 1.2409 1.2542 1.2735 1.2868 1.3061
MENSUEL 0.9982 1.0716 1.1480 1.2214 1.2978 1.3712 1.4476
 

AUDUSD

Bears have managed to break below the trend line which has held through several bearish skirmishes but still have one more key level of support to negotiate, in the form of the H4 200 EMA, if they wish to have a shot at 0.7000. However, if bulls hold 0.7500 and manage to close above the 100 EMA, we would see some life in the bulls as they try once more to close above 0.7800 in search of the illusive 0.8000 handle.

AUDUSD
TRANCHE DE TEMPS S3 S2 S1 POINT DE ROTATION R1 R2 R3
AU QUOTIDIEN 0.7522 0.7535 0.7546 0.7559 0.7568 0.7580 0.7595
HEBDOMADAIRE 0.7193 0.7356 0.7454 0.7617 0.7715 0.7878 0.7976
MENSUEL 0.7266 0.7385 0.7497 0.7616 0.7728 0.7847 0.7959
 

GOLD

Gold Gold traded over $125 from last week’s highs as bears hit the precious metal aggressively in hopes of recapturing 1200. With bears having taken a peek below 1210 it looks like bears will not stop unless they can test 1200 but a small correction might be in order before they can rally the troops for the final assault. Bulls will look to leverage the oversold condition as they hunt for the 1250 resistance level for some respite.

GOLD
TRANCHE DE TEMPS S3 S2 S1 POINT DE ROTATION R1 R2 R3
AU QUOTIDIEN 1191.36 1202.18 1209.21 1220.03 1227.06 1237.88 1244.91
HEBDOMADAIRE 1089.36 1154.23 1188.86 1253.73 1288.36 1353.23 1387.86
MENSUEL 1174.44 1211.97 1241.74 1279.27 1309.04 1346.57 1376.34