Recent content by fxstrategist

Eventhough the USDJPY tried to correct to the downside somehow, the bullish trend is still in place and the pair could continue higher.

Very strong support for the EURUSD at the 1.2060 level where we can find the 200 month EMA. A breadown, below the 200 month EMA can cause the bearish momentum to accelerate and the pair could reach the 1.2000.

Gold may continue heading to the 8000 level where it may retrace to the downside, but the 7500 level may act as support.

The EURUSD bounces back down from the 200 day EMA and the 1.1000 zone to complete three consecutive sessions dropping and it could reach the 1.0800 level once again, which it has been acting as support.

Gold plummets as the Dollar takes center stage again as the preffered safe haven instrument. The price drops from the 1650 level to below the 1600. To the downside, the 1550 level could act as support.

The EURUSD falls below the 1.0800 level, but it could find a support around this zone. The bearish trend is still in place and its next support could be the 1.0700 level, but there is a chance of seeing a retracement, maybe towards the 1.0900 level.

The EURUSD keeps falling and it could reach the 1.0800 level. Out of the last 25 trading sessions, 20 have been in the red. In case of a correction, the 1.0900 level could act as resistance.

Gold returns to the 1555 zone, which acts again as a support. The price has a good resistance around the 1600 level, but for now it may keep oscillating around the 1555 level.

The EURUSD finds a support at the 1.1000 zone and bounces back up to the 55 day EMA, just below the 1.1100 level. The pair may go back to the 1.1000 level, which has been acting as a support since late last year and it could act again as support.

The EURUSD may find a support around the 1.1100 zone, but it needs to confirm a breakdown below the 55 day EMA to continue lower. Its next support could be the 1.1000 level. To the upside, the 200 day EMA around the 1.1139 level could act as resistance.

The retracement on the GBPUSD has taken the price back to where it was before the UKs election. The 1.3000 level could act as support, since it was resistance in the past.

The 1.1100 level is acting as a resistance, followed by the 200 day EMA at the 1.1135 level. To the downside, the 55 day EMA at the 1.1060 is acting as support and the 1.1000 level could be its most relevant bottom in the short-term.

The GBPUSD is stuck, oscillating around the 1.2900 level without a clear direction. The bullish short-term trend is still in place, but the price may break in any direction above the 1.3000 level or below the 1.2800 level.

The AUDUSD tries to go back down, but the 0.6700 level along with the lows at the 0.6676 zone could act as support one more time. However, a breakdown below the 0.6676 level could accelerate the bearish momentum towards the 0.6600 zone.

The GBPUSD keeps surrounding the 1.2300 level with no clear direction. The pair may take off in any direction, but when it does, the momentum may accelerate significantly. The 1.2200 level may act as support and the 1.2400 level may act as resistance.