Forexpositive
GOLD Looks To Extend Its Bear PressureGOLD looks to extend its bear pressure as it following through lower on the back of its past week losses during Monday trading session. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting the 1,250.00 level. Conversely, resistance resides at the 1,290.00 level. Further out, resistance resides at the 1,300.00 level where a break will aim at the 1,310.00 level. A turn above there will expose the 1,320.00 level. Further out, resistance stands at the 1,330.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, GOLD looks to extend its bear pressure in the days ahead.
Hello, this is our point of view on EUR/CADHello, this is our point of view on EUR/CAD, we are waiting for a bearish breakout, retest and after we take a short position as you an see on this analisys. Have a good day!
USDJPY Targets Further Recovery Threat On Bull Pressure USDJPY targets further recovery threats as it builds on bull pressure with eyes on the 111.89 resistance zone. On the upside, resistance comes in at 112.50 level. Above this level will turn attention to the 113.00 level. Further out, we expect a possible move towards the 113.50 level. A cut through here will open the door for more gain towards the 114.00. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the downside, support comes in at the 111.00 level where a break will target the 110.50 level. Below that level will turn focus to the 110.00 level and then lower towards the 109.50 level. On the whole, USDJPY faces further upside pressure on more recovery.
EURUSD Bear Pressure Remains Intact, Looks To Weaken Further EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD bear pressure remains intact as it threatens further downside
GBPUSD Retains Downside Pressure Short Term GBPUSD retains downside pressure in the short term as it closed lower on Friday. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. On the upside, resistance stands at the 1.3050 with a turn above here allowing for additional strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD faces further downside pressure on more weakness threats.
GBPUSDGBPUSD Now strong support area . I think i will be ranging market . Wait for candle confirmation . if break low level it's go down
EURUSDEURUSD strong downtrend. Now creating H@S pattern . created indecision candle. so now looking for long. target 1.1320
GBPUSD Looks To Follow Through Higher On Correction. GBPUSD looks to follow through higher on correction. Support stands at 1.3150 level. Further down, support comes in at the 1.3100 level where a break will turn focus to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. On the upside, resistance stands at the 1.3250 with a turn above here allowing for additional strength to build up towards the 1.3300 level. Further out, resistance stands at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD faces further upside pressure on more recovery threats.
GOLD Looks To Pullbacks On Corrective Weakness GOLD looks to pullback on corrective weakness. While the commodity trades below the 1,320.35 level, risk of more decline remains. The commodity looks to move higher towards the 1,320.00 resistance zone. Further out, resistance resides at the 1,330.00 level where a break will aim at the 1,340.00 level. A turn above there will expose the 1,350.00 level. Further out, resistance stands at the 1,360.00 level. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here if seen could trigger further downside pressure targeting the 1,270.00 level. All in all, GOLD looks to move further lower on correction.
USDJPY Halts Weakness With Eyes On More Recovery USDJPY eyes more recovery following its price halt on Thursday. As long as it stays above the 110.35 support zone, more price strength is expected. On the upside, resistance comes in at 111.50 level. Above this level will turn attention to the 112.00 level. Further out, we expect a possible move towards the 112.50 level. A cut through here will open the door for more gain towards the 113.00. On the downside, support comes in at the 110.50 level where a break will target the 110.00 level. Below that level will turn focus to the 109.50 level and then lower towards the 109.00 level. On the whole, USDJPY faces further upside pressure on further recovery.
GBPUSD STRONG SUPPORT LEVEL TO UPSIDEWAITING TO SEE GBPUSD TO DROP DOWN TO HIGHLIGHTED ZONE BEFORE A BULLISH MOVE
GBPCAD GBPCAD NOW STRONG resistance and fresh Supply zone here, I think Now big down ahead so we looking for short from this area .
GOLD Threatening Further Upside Pressure Nearer Term GOLD threatening further upside pressure nearer term as it closed higher the past week. The pair looks to move higher towards the 1,310.00 resistance zone in the new week. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is pointing higher suggesting further strength. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. All in all, GOLD looks to move further higher in the days ahead.
EURJPY Retains Downside Pressure With Eyes On 125.53 Zone EURJPY retains downside pressure with eyes on 125.53 zone. Support comes in at the 125.50 level where a break if seen will aim at the 125.00 level. A cut through here will turn focus to the 124.50 level and possibly lower towards the 124.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 126.50 level. Further out, we envisage a possible move towards the 127.00 level. Further out, resistance resides at the 127.50 level with a turn above here aiming at the 128.00 level. On the whole, EURJPY faces further price weakness in the short term.
