Forex Lasers Forum  

Go Back   Forex Lasers Forum > FOREX TRADING > Forex Analysis


Daily Technical Strategy On Forex & Commodities

Forex Analysis


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 22-08-2018, 13:42
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Daily Technical Strategy On Forex & Commodities

EURUSD: Bullish, Sees Further Upside Pressure

EURUSD: The pair followed through higher on a rally on Tuesday opening the door for more strength in the days ahead. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure.

Reply With Quote
  #2  
Old 25-08-2018, 12:41
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURGBP: Bullish, Targets Further Upside pressure

EURGBP- The pair continues to retain its upside pressure closing higher the past week and opening the door for more strength. Support lies at the 0.9000 level where a violation will turn focus to the 0.8950 level. A break will expose the 0.8900 level. Conversely, resistance resides at the 0.9100 level where a violation if seen will turn risk towards the 0.9150 level. Further up, resistance resides at 0.9200 level followed by the 0.9250 level. All in all, EURGBP remains biased to the upside on bull pressure.

Reply With Quote
  #3  
Old 26-08-2018, 15:05
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD: Sets Up To Recover Further Higher

EURUSD: The pair looks to recover further higher following its past week strength. On the upside, resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further upside pressure

Reply With Quote
  #4  
Old 30-08-2018, 15:17
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

CRUDE OIL: Sees Further Upside, Eyes The 70.41 Region

CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On the upside, resistance resides at the 70.50 level. Further out, resistance comes in at the 71.00 level. A break above here will aim at the 71.50 level and then the 72.00 level followed by the 72.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, CRUDE OIL remains biased to the upside.

Reply With Quote
  #5  
Old 02-09-2018, 14:37
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD: The pair looks to pullback in the new week after turning lower the past week. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure

Reply With Quote
  #6  
Old 03-09-2018, 16:20
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

USDJPY: Sets Up To Recover Further Higher On Correction

USDJPY: The pair still faces price recovery threats as it looks to build up on its Friday price correction. On the downside, support lies at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further upside pressure on correction.
Attached Thumbnails
Daily Technical Strategy On Forex & Commodities-usdjpydaily.png  
Reply With Quote
  #7  
Old 08-09-2018, 13:26
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

USDCHF: Sees Price Hesitation With Caution Of Recovery

USDCHF: The pair looks to hesitate further but correct higher in the new week. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further price consolidation but recovery risk.
Reply With Quote
  #8  
Old 09-09-2018, 15:51
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD: Eyes Further Weakness Towards The 1.1529/00 Zone

EURUSD: The pair looks to follow through lower following its past week losses. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure as we look for more bear pressure.

Reply With Quote
  #9  
Old 10-09-2018, 17:44
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

USDJPY: The pair still faces further price recovery threats following its Friday higher close. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further upside pressure on correction.

Reply With Quote
  #10  
Old 13-09-2018, 15:15
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD: Recovers Higher, Eyes Key Resistance Zone

EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 5level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces further downside pressure though hesitating.

Reply With Quote
  #11  
Old 16-09-2018, 19:54
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

GOLD: The commodity continues to target lower prices following its lower close the past week. This has opened the door for more weakness towards the 1,187.00 level. 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 towards its key support.

Reply With Quote
  #12  
Old 21-09-2018, 21:36
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

NZDUSD: Retains Recovery Threats, Eyes The 0.6726 Zone

NZDUSD: With the pair still retaining its upside pressure on correction, more strength is envisaged in the new week. Support lies at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target. Conversely, resistance resides at the 0.6750 level where a break will aim at the 0.6800 level. A break of here will have to occur to create scope for a run at the 0.6850 level. Further out, resistance stands at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further recovery higher. All in all, NZDUSD faces further upside pressure.

Reply With Quote
  #13  
Old 23-09-2018, 16:47
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD: Bullish In The Short But With Risk Of Pullback

EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD still faces further upside pressure though with caution.

Reply With Quote
  #14  
Old 27-09-2018, 20:14
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

NZDUSD remains weak and vulnerable to the downside as it retains its broader bear pressure. This leaves more weakness likely in the days ahead. Support lies at the 0.6600 level. Further down, the 0.6550 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.6650 level where a break will aim at the 0.6700 level. A break of here will have to occur to create scope for a run at the 0.6750 level. Further out, resistance stands at the 0.6800 level. All in all, NZDUSD faces further downside pressure.

Reply With Quote
  #15  
Old 03-10-2018, 21:17
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

NZDUSD Bearish Pressure Eyes 0.6502 Zone

NZDUSD bearish pressure eyes 0.6502 zone as it retains its broader medium term downtrend. This development leaves it vulnerable beyond the above support. Support lies at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6600 level where a break will turn attention to the 0.6650 level. A break of here will have to occur to create scope for a move towards the 0.6700 level. Further out, resistance stands at the 0.6750 level. All in all, NZDUSD faces further downside pressure medium term.
Reply With Quote
  #16  
Old 10-10-2018, 19:02
Level II Lasers Member
 
Join Date: Jun 2016
Posts: 22
Default Re: Daily Technical Strategy On Forex & Commodities

EURUSD price extension now eyes its cluster of resistance located the 1.1593/99 zone. This is coming on the back of its lower price rejection candle printed on Monday. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD still faces further upside pressure on corrective recovery.

Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Daily Forex Technical Analysis xtreamforex Forex Analysis 5 04-04-2018 13:22
Daily Forex Technical Analysis By XtreamForex xtreamforex Forex Analysis 0 08-11-2016 07:05
DAILY Technical Analysis and forex news by Meeru Meeru Forex Analysis 0 27-07-2016 21:14
Daily Technical Strategy On Currencies & Commodities FXTechstrategyT Forex Analysis 0 30-06-2016 02:03
Daily Technical Strategy On Currencies & Commodities FXTechstrategyT Forex Analysis 0 29-06-2016 02:51


All times are GMT. The time now is 19:36.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.