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  1. #1
    Rookie Member

    Daily Technical Strategy On Currencies & Commodities !!!

    EURJPY: Bear Pressure Remains Intact

    EURJPY: Having continued to hold on to its downside pressure, more bearishness is envisaged. Support comes in at the 111.00 level where a break will aim at the 110.50 level. A turn below here will target the 110.00 level with a breach turning focus to the 109.50 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance lies at the 112.00 level. Further out, resistance comes in at the 112.50 level where a break if seen will threaten further upside towards the 113.00. Further out, resistance resides at the 113.50 level. All in all, EURJPY remains vulnerable in the medium term.

  2. #2
    Legendry Member Michael Hodges's Avatar
    Great analysis!

    I moved your post to the War Room, it's a better place for it.

    Glad to have you with us, hope to see more of you here!


  3. #3
    Rookie Member

    Daily Technical Strategy On Currencies & Commodities !!!

    GOLD Triggers Corrective Pullback

    GOLD: The commodity triggered a corrective weakness the past week leaving risk lower. But it could move a little bit higher in the new week following its Friday close(see daily chart). On the downside, support comes in at the 1,330.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level. Below here if seen could trigger further downside pressure targeting the 1,1290.00 level. Conversely, resistance resides at the 1,350.00 level where a break will aim at the 1,360.00 level. A turn above there will expose the 1,370.00 level. Further out, resistance stands at the 1,380.00 level. All in all, GOLD looks to weaken further on correction

  4. #4
    Administrator Martin Kay's Avatar
    Listen mate, you provide a solid advice which is great. However, the General Trading Discussions room is not the right place to post. You see we've already asked you last time to post in the right place, we even opened a thread on the war room just for you.

    Please make sure you post your next threads on that specific thread. Thanks! I'll merge both your threads now.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

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