Sample Category Title

EUR/GBP is trading mixed. The pair is trading between support at 0.8689 (08/12/2017 low) and resistance is located at 0.9046 (14/09/2017 high). Expected to show further sideways trading.

In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).

AUD/USD's upside pressures are growing. Hourly resistance given at a distance at 0.7897 (13/10/2017 high). Support stands at 0.7638 (15/12/2017 low). The road is wide open for further upside.

In the long-term, the trend is turning positive. Key supports stands at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD is skewed to the downside after the pair failed to break hourly resistance at 1.2917 (27/10/2017 high). The pair keeps on heading lower.

In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.

USD/CHF is trading slightly higher. Yet, the technical structure indicates that further weakness are possible. Expected to show further short-term downside moves

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

USD/JPY's buying demand is increasing and the pair is approaching hourly resistance given at 113.75 (12/12/2017 high) while hourly support is given at 111.99 (15/12/2017 low). The technical structure suggests continued increase.

We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low). A gradual rise towards the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

GBP/USD's buying pressures are still lively. The pair has exited downtrend short-term channel. The technical structure indicates further potential upside. Hourly support is given at a distance at 1.3495 (03/01/2017 low) while hourly resistance can be found at 1.3613 (03/01/2017 high).

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline. Long-term support can be found at 1.1841 (07/10/2017 low). Long-term resistance given around 1.35 is at stake and indicates a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

EUR/USD is now lower than 1.20. The pair is now retracing after reaching resistance given at 1.2092 (08/09/2017 high). The road is wide-open for further decline towards support at 1.1812 (25/12/2017 low). Stronger support is given a distance at 1.1718 (12/12/2017 low).

In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low).

Bears are taking a breather after pullback from new high at $3.3200 found footstep at $3.2200 zone and price bounced higher on weaker dollar on Tuesday.

Bullish Doji reversal pattern is forming on daily chart but requires strong bullish close today to complete the pattern and signal recovery.

Oversold daily slow stochastic support the notion.

However, recovery attempts were limited under broken 10SMA at $3.2644 (upper pivot) and signaled bulls may be running out of steam.

Bullish scenario requires close above 10SMA to sideline downside risk, otherwise the downside would remain vulnerable.

Firm break below $3.2200 would then risk extension towards rising 20SMA ($3.1942) and Fibo 38.2% of $2.9425/$3.3200 upleg ($3.1758).

Res: 3.2575, 3.2643, 3.2970, 3.3085
Sup: 3.2200, 3.1942, 3.1758, 3.1682

Gold remains in red on Tuesday and retests spike lows of past two days ($1314/13) left after repeated downside rejections.

The yellow metal is pressured by higher dollar and rising bets on further US interest rate hikes in 2018.

Fresh weakness today threatens of stronger reversal from new 3 1/2 month high at $1326 which would extend towards rising 10SMA ($1307), Fibo 23.6% retracement of $1236/$1326 ascend at $1304 and psychological $1300 support.

Daily RSI and slow stochastic emerge from overbought territory and showing room for further downside extension which could stretch towards pivotal support at $1291 (Fibo 38.2%).

Underlying bulls need correction to validate uninterrupted uptrend from $1236 (12 Dec low) for further retracement of $1357/$1236 descend, keeping dip-buying as favored scenario.

Res: 1320, 1322, 1326, 1328
Sup: 1313, 1307, 1300, 1291

EUR/USD

Current level - 1.1952

The slide from 1.2090 is still underway and it should target 1.1910 static support. A violation of the latter will expose 1.1710 area. Initial intraday resistance lies at 1.1980.

USD/JPY

Current level - 112.65

Yesterday's dip through 113.00 low signals a reversal of the uptrend from 112.00 and the bias is already negative below 112.87, for a slide to 112.00. 

GBP/USD

Current level - 1.3564

The resistance at 1.3580 is still intact and the outlook is bearish below the mentioned hurdle, for a slide towards 1.3460.