Sample Category Title

Crude oil is edging higher above the $50 level. Key support is given at 45.40 (17/08/2017 high). Strong resistance found at 50.43 (31/07/2017) has been broken. Expected to show another leg higher.

In the long-term, crude oil has recovered after its sharp decline last year. However, we consider that further weakness are very likely. Strong support lies at 35.24 (05/04/2016) while resistance can now be found at 55.24 (03/01/2017 high).

USD/CHF - 0.9739

Most recent candlesticks pattern : N/A

Trend                                    : Near term up

Tenkan-Sen level                  : 0.9731

Kijun-Sen level                    : 0.9723

Ichimoku cloud top                 : 0.9694

Ichimoku cloud bottom              : 0.9687

Original strategy :

Bought at 0.9685, Target: 0.9785, Stop: 0.9650

Position : - Long at 0.9685

Target :  - 0.9785

Stop : - 0.9650

New strategy  :

Hold long entered at 0.9685, Target: 0.9785, Stop: 0.9695

Position : - Long at 0.9685

Target :  - 0.9785

Stop : - 0.9695

As the greenback did find renewed buying interest at 0.9681 (we recommended to buy at 0.9685 and a long position was entered) and has rallied in line with our bullish expectation, retaining our upside bias for recent upmove from 0.9421 low to to extend gain to 0.9766 resistance, however, break of another previous resistance at 0.9773 is needed to bring further rise towards 0.9800-10 which is likely to hold from here due to near term overbought condition.

In view of this, we are holding on to our long position entered at 0.9685. Only below said support at 0.9681 would abort and signal top is formed instead, bring correction of recent rise towards support at 0.9642 which is likely to hold on first testing.

Silver has reversed and has broken uptrend channel by breaking support implied by its lower bound. Strong resistance is given at 18.65 (17/04/2017 high) while support can be found at 16.58 (15/08/2017 high). Expected to show further bearish move.

In the long-term, the trend is rater negative. Further downsides are very likely. Resistance is located at 25.11 (28/08/2013 high). Strong support can be found at 11.75 (20/04/2009).

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Gold has weakened again below 1300. Hourly support is now given at 1276 (25/08/2017 low). Hourly resistance is located at 1357 (08/09/2016). Stronger support lies at 1204 (10/07/2017 high). Expected to show further bearish move.

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

Bitcoin has taken a dive after strong interest over the summer. The digital currency has set up a new support at 2975 (22/08/2017 low). Hourly resistance is given at 4121 (18/09/2017 low). Key resistance can be located at 4921 (01/09/2017 high). The road is wide open for further shortterm decline.

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $10'000.

EUR/CHF's buying pressures are going up and the pair has broken resistance area between 1.1356 and 1.1472. The pair has also broken resistance at 1.1538 (04/08/2017 high). Expected to show continued bullish pressures.

In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

EUR/GBP is trading lower. The pair is having strong selling pressures. As long as prices remain below the resistance at 0.9176 (declining trendline), the short-term technical structure is biased to the downside. Hourly support is given at 0.8719 (16/06/2017). Strong resistance lies at 0.9306 (29/07/2017 high).

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 is weakening in the short-term. Hourly resistance is given at 0.8164 (14/05/2017 high). Hourly support given at 0.7908 (22/09/2017 low) has been broken. Expected to show continued weakness.

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 continues to move higher. Hourly support is located at 1.2062 (08/09/2017 low). Resistance is given at a distance at 1.2390 (20/09/2017 high). Expected to show continued short-term bullish pressures.

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.

GBP/USD - 1.3422

Most recent candlesticks pattern   : N/A

Trend                                 : Up

Tenkan-Sen level                 : 1.3406

Kijun-Sen level                    : 1.3426

Ichimoku cloud top              : 1.3514

Ichimoku cloud bottom        : 1.3493

New strategy  :

Sell at 1.3500, Target: 1.3380, Stop: 1.3535

Position : -

Target :  -

Stop : -

As cable has rebounded after falling to 1.3364 earlier today, suggesting minor consolidation above this level would be seen and corrective bounce to 1.3455-60 cannot be ruled out, however, reckon upside would be limited to 1.3500 and bring another decline later, below said support at 1.3364 would extend recent decline from 1.3658 top to 1.3345-50 (61.8% Fibonacci retracement of 1.3153-1.3658) and possibly towards previous resistance at 1.3329. 

In view of this, would not chase this fall here and would be prudent to sell cable on further recovery as 1.3500 should hold. Above resistance at 1.3514 would defer and risk a stronger rebound to 1.3535-40 but resistance at 1.3571 should remain intact.