EURUSD

Euro broke 1.3330 support and continued its fall to test 1.3300. Afterwards it retraced back up to 1.3345 and now looks back on its way to test 1.3300 again. So currently our outlook switches to bearish as long as trading stays below 1.3370. The dollar rose against major rivals Wednesday, holding on to gains as investors continued to worry about a possible military strike in Syria. U.S. Fed is likely to slow its monthly bond purchases and perhaps even raise interest rates. Currencies tend to sell off in periods of global risk aversion or rising U.S. interest rates

Res: 1.3370, 1.3410, 1.3450, 1.3480

Sup1.3300, 1.3260, 1.3230, 1.3300

Sterling continued its current downtrend breaking 1.5490 support and falling further to test 1.5420. Since it has retraced back up almost 100 pips testing key pivot point 1.5555, which if successful will reverse our outlook to bullish. England’s central bank said it stands ready to step up stimulus efforts if rising interest rates threaten economic recovery in Britain. It emphasized that the previously mentioned 7% unemployment rate is a threshold, not trigger, for raising UK interest rates

Res: 1.5555, 1.5600, 1.5640, 1.5700

Sup: 1.5480, 1.5420, 1.5375. 1.5300

The USDJPY on the H1 chart made a complete reversal of the previous downtrend. Among the signs was that head and shoulders patterns after hitting a low of 96.80, and it later continued to rise to break the downward channel and rise above the 55 exponential moving average, breaking 2 resistances on its way 97.40 and 97.70. So our current outlook is bullish as long as trading is maintained above 97.15 with our first target at 98.00. Most Asian stocks advance, tracking a rebound on Wall Street, with the energy sector particularly strong after U.S. benchmark crude-oil prices top $110-a-barrel overnight

Res: 98.00 98.40, 98.75, 99.15

Sup: 97.40, 97.15, 96.80, 96.40,

We didn’t see any major moves on the Aussie as compared to the other currencies, however we did see it test 0.8900 twice but fail to break it, proving itself a strong support. Currently it’s trading close to psychological 0.9000 resistance and we will monitor if it will be able to break it as it already failed once before. If it does break it this leaves 0.9040 and 0.9100 targets in view.

Res: 0.9000, 0.9040, 0.9100, 0.9130

Sup:, 0.8900, 0.8845, 0.8800, 0.8769

After achieving an uptrend high of 1433, gold has dropped 27 dollars so far breaking 1413 support and is currently testing 1405. If it does break that support then we will not just consider it a retracement but a full reversal of the uptrend on the H1 chart. The drop comes with a gain in the U.S. dollar on Syria-related concerns tugging at prices after they climbed to their best levels in nearly three months.

Res: 1422, 1433, 1445, 1455,

Sup: 1405, 1390, 1378, 1370

Res: 1.3253; 1.3284; 1.3300; 1.3344

Sup: 1.3205; 1.3172; 1.3140; 1.3100

Res: 1.5572; 1.5600; 1.5636; 1.5700

Sup: 1.5546; 1.5504; 1.5461; 1.5427

The pair continues to trend higher, off 96.80 low, with price approaching psychological 99.00 barrier and 99.14, 23/08 high. Repeated attempt above bear-channel off 101.52 peak, sees scope for eventual attempt through 99.14, near-term congestion top, above which to confirm higher **** at 96.80 and allow for further retracement of 101.52/96.80 downleg. Positive studies on lower timeframes support the notion. Initial supports lay at 98.50 and 97.87.

Res: 99.00; 99.14; 99.25; 99.93

Sup: 98.50; 98.27; 98.00; 97.87

The Aussie remains under pressure, as fresh extension of downleg from 0.9332 peak, retested 0.8890 low, where temporary footstep was found. Corrective rally is under way, with the price cracking 50% retracement of 0.9068/0.8890 descend and approaching psychological 0.9000 barrier. Sustained break here is seen as minimum requirement to signal near-term **** and allow for stronger recovery, however, gains should be limited, as larger timeframes studies being negative and keeping the risk of full retracement of 0.8846/0.9232 upleg in play.

Res: 0.9000; 0.9026; 0.9068; 0.9100

Sup: 0.8962; 0.8923; 0.8890; 0.8846

Res: 1.3200; 1.3258; 1.3284; 1.3300

Sup: 1.3140; 1.3100; 1.3087; 1.3066

Res: 1.5592; 1.5636; 1.5700; 1.5716

Sup: 1.5530; 1.5500; 1.5461; 1.5427

The pair continues to trend higher, off 96.80 low, with break above psychological 99.00 barrier and 99.14, 23/08 high, heading towards psychological 100 barrier. Sustained break above bear-channel brings near-term bulls fully in play, with daily indicators breaking above the midlines and supporting the notion. Break and close above 100 barrier is required to completion of weekly bullish pennant and open next targets at 100.85 and 101.52.

Res: 99.69; 100.00; 100.44; 100.85/.

Sup: 99.14; 99.00; 98.50; 98.27

Near-term structure remains positive, as the price heads higher off near-term **** and double-bottom at 0.8891. Sustained break above psychological 0.9000 barrier, opens way for extension towards 0.9068, 26/08 high, to complete the downleg and confirm double-bottom formation, break of which to signal possible stronger recovery. Positive near-term studies remain supportive. From the other side, larger picture remains bearish, with downside risk being in play as long as 0.9230/40 barriers cap.

Res: 0.9000; 0.9026; 0.9068; 0.9100

Sup: 0.8962; 0.8923; 0.8890; 0.8846

Res: 1.3172; 1.3200; 1.3236; 1.3266

Sup: 1.3136; 1.3100; 1.3066; 1.3050

Res: 1.5571; 1.5603; 1.5636; 1.5648

Sup: 1.5521; 1.5500; 1.5461; 1.5427

The pair remains steady and continues to trend higher, en-route towards psychological 100 barrier, with 99.85 seen so far. Positive near-term technicals support the action, with sustained break above 100 barrier, to signal completion of weekly bullish pennant and open next targets at 100.85 and 101.52. Near-term consolidation lows at 99.22/15, along with 99.00, offer initial support. Only reversal under 98.50, 29/08 high, would delay and signal stronger correction.

Res: 99.85; 100.00; 100.44; 100.85

Sup: 99.14; 99.00; 98.50; 98.27

The pair remains well supported and extends near-term recovery rally off 0.8890 double-bottom, with 0.9100, psychological / Fibonacci 61.8% of 0.9232/0.8890 barrier, being taken out. The price also cracked daily 55DMA, setting scope for final push through 0.9175, daily cloud ****, towards key near-term barriers at 0.9220/32 double-top. Near-term studies are positive, however, overbought conditions require caution, as corrective pullback would precede fresh rally. Initial support lies at 0.9068, 26/08 previous high.

Res: 0.9152; 0.9188; 0.9200; 0.9220

Sup: 0.9100; 0.9068; 0.9000; 0.8977

The Euro/Usd trades in near-term corrective mode, off last week’s fresh low at 1.3100, where the pair found temporary support. Strong rally from 1.3100, with weekly close above 200DMA, remains capped under 1.3200 barrier for now, where the price consolidates. Positive hourly structure, with price action being underpinned by 20/55DMA’s bullish crossover, sees the upside favored. Break above 1.32 to open next layers of significant resistances at 1.3220 zone, Fibonacci 38.2% of 1.3397/1.3103 / 55DMA and 1.3250, 50% retracement, 30/08 lower platform, break of which to confirm recovery. Indicators on 4-hour chart are in the negative zone that keeps the downside at risk, however bullish MACD/RSI divergence is seen as supportive factor. Immediate support lies at 1.3160, while violation of 1.3100, would bring bears in play and signal resumption of larger downtrend from 1.3450 peak.

Res: 1.3189; 1.3200; 1.3220; 1.3250

Sup: 1.3160; 1.3136; 1.3100; 1.3080

Res: 1.5666; 1.5679; 1.5700; 1.5716

Sup: 1.5611; 1.5600; 1.5562; 1.5553

The pair recovered good part of last Friday’s losses, when the price dipped to 98.53, following brief break above 100 barrier and fresh high being posted at 100.21. Gap higher opening cracked 100 hurdle again, however, weak hourly studies keep the downside at risk. Loss of 99.00, psychological support and Friday’s closing price, would trigger fresh weakness and expose 98.50 breakpoint, Friday’s low / 50% retracement of 96.80/100.21 ascend. Conversely, sustained break above 100 barrier, is required to resume broader uptrend off 95.78, 08/08 low and look for test of 100.44/85 barriers.

Res: 99.79; 100.09; 100.21; 100.44

Sup: 99.15; 99.00; 98.50; 98.00

The Aussie remains firm and consolidates last week’s gains that peaked above 0.9200 barrier. Positive tone prevails on lower timeframes and sees scope for eventual attempt through key near-term barriers at 0.9220/32, to confirm near-term **** and open way for stronger corrective action towards 0.9300 zone, where the next barriers lay. Daily indicators breaking above the midlines, support the notion. Initial supports lies at 0.9160 zone, while only loss of 0.9115/00 handles, would delay immediate bulls.

Res: 0.9215; 0.9220; 0.9232; 0.9250

Sup: 0.9166; 0.9115; 0.9100; 0.9068

The Euro regained strength after finding ground at 1.3100 zone, 50% of 1.2754/1.3450 upleg, rallying through 1.3200/20 and 1.3250 barriers. The price retraced exactly 50% of 1.3450/1.3103 descend at 1.3277, session high, with pause in rally suggested by overbought 1 and 4-hour conditions. Near-term studies are positive and favor further upside, with psychological 1.33 level and 1.3320, previous consolidation floor / Fibonacci 61.8%, are the next targets, with 1.3400, range top and 1.3450, 20/08 peak, seen on extension. Corrective dips should be ideally contained at 1.3200, psychological support / 20DMA, to keep freshly established bulls in play.

Res: 1.3279; 1.3300; 1.3320; 1.3355

Sup: 1.3250; 1.3220; 1.3200; 1.3190

Res: 1.5731; 1.5751; 1.5809; 1.5843

Sup: 1.5684; 1.5645; 1.5615; 1.5562

The pair maintains positive near-term tone, as repeated rejection above 100 barrier, found footstep at 99.32, keeping the Monday’s gap intact. Fresh strength aims through 100 again, with break above 100.21, last Friday’s high, required to resume upleg from 96.80 and open 100/44/85, next targets. Near-term studies are positive and keep the upside favored, as long as the price holds above 99.32 higher platform. Conversely, loss of 99.00 would bring bears back in play.

Res: 100.09; 100.21; 100.44; 100.85

Sup: 99.46; 99.32; 99.00; 98.53

The Aussie continues to trend higher and cleared strong barrier at 0.9220/32, 12/19 / 08 double-top. This confirms near-term **** at 0.8846/90 and sees potential for further recovery towards pivotal 0.9300/50 resistance zone. Daily indicators are breaking into positive territory and gaining strong bullish momentum that supports the notion. However overbought near-term conditions suggest pause in current rally, in favor of corrective pullback. Previous barriers at 0.9232/20, now act as initial support, ahead of 0.9200/0.9190. Increased downside risk would be seen on a slide below 0.9100 handle, near 50% retracement of 0.8891/0.9288 rally.

Res: 0.9288; 0.9300; 0.9316; 0.9343

Sup: 0.9232; 0.9220; 0.9200; 0.9190

Spot Gold remains under pressure, with near-term technicals maintain negative tone, as recovery attempt was capped under psychological 1400 barrier. Fresh weakness is under way, with immediate support at 1373 coming under pressure, ahead of more significant 1358/55, 06/09 low / trendline resistance, below which to open key support and breakpoint at 1350 zone. Alternative scenario requires break above 1400 and regain of 1416 lower top, to avert immediate downside risk.

Res: 1381; 1394; 1400; 1410