EUR/USD Technical view
SPOT EUR/USD Previous day OHLC
| Open | High | Low | Close | Change |
| | |
| 1.3669 | 1.3716 | 1.3665 | 1.3695 | 0.0024 |
Today's Support and Resistance
| Resistance |
| Support |
| R3 | 1.3930 |
| R2 | 1.3800 |
| R1 | 1.3730 |
| |
| S1 | 1.3620 |
| S2 | 1.3580 |
| S3 | 1.3500 |
EURO ended the session on Monday with gains of 0.17%, versus the greenback, inching higher to close the second successive session with gains. The pair again slipped from crucial near term resistances at 1.3700- 1.3730; bottom end of the near term bullish channel. Near term, the declines could extend to 1.3500- 1.3600, with the upside likely to be capped at 1.3730- 1.3800. The medium to long term trend however, remains bullish for targets of 1.4200; targets for the symmetrical triangle in an uptrend. Buy the pair on declines up to 1.3500
TREND DIRECTION
- Short term: Bearish
- Medium term: Bullish
- Long term: Bullish
TRADING RECOMMENDATIONS
Short:
Long:
- At.1.3520 with a stop at 1.3470 for a profit target of 1.3700
GBP/USD Technical view
SPOT GBP/USD Previous day OHLC
| Open | High | Low | Close | Change |
| | |
| 1.6329 | 1.6374 | 1.6323 | 1.6353 | 0.0020 |
Today's Support and Resistance
| Resistance |
| Support |
| R3 | 1.6660 |
| R2 | 1.6560 |
| R1 | 1.6450 |
| |
| S1 | 1.6350 |
| S2 | 1.6300 |
| S3 | 1.6260 |
Sterling ended the session on Monday with gains of 0.13%, versus the greenback, inching higher in a volatile session. Near term, the pair could be oscillating in the 1.6150- 1.6450 range; bottom end of the medium term bullish channel and bullish breakouts respectively. ONLY a close above 1.6450, the rally will extend to 1.6650 - 1.6750; targets for the symmetrical triangle in an uptrend and the top end of the near term bullish channel. Buy the pair on declines up to 1.6150
TREND DIRECTION
- Short term: Bearish
- Medium term: Bullish
- Long term: Bullish
TRADING RECOMMENDATIONS
Short:
Long:
- At 1.6250 with a stop at 1.6200 for a profit target of 1.6450
- At 1.6160 with a stop at 1.6120 for a profit target of 1.6450
GOLD Technical view
SPOT GOLD Previous day OHLC
| Open | High | Low | Close | Change |
| | |
| 1203.29 | 1206.15 | 1192.54 | 1198.61 | -4.03 |
Today's Support and Resistance
| Resistance |
| Support |
| R3 | 1230.00 |
| R2 | 1218.00 |
| R1 | 1214.00 |
| |
| S1 | 1180.00 |
| S2 | 1176.00 |
| S3 | 1162.00 |
Spot gold ended the session on Monday with losses of 0.33%, inching lower in a volatile session. The precious metal is inching lower towards crucial near term supports at 1175.00- 1180.00; bottom end of the medium term bullish channel. Near term, the losses could be capped around these levels and a bounce back to 1220-00- 1240.00 looks very likely. However, close below 1175.00, the losses could extend to 1150.00- 1160.00, the final barrier before spot gold could slide to 1000.00- 1050.00 per troy ounce; targets for the symmetrical triangle in a downtrend
TREND DIRECTION
- Short term: Bearish
- Medium term: Bearish
- Long term: Bearish
TRADING RECOMMENDATIONS
Short:
Long:
- At 1178.00 with a stop at 1170.00 for a target of 1210.00
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