Daily Tech Levels

Click on a currency to view our summary of its market position.

  • AUD
    Bull
  • NZD
    Bull
  • XAU
    Side
  • JPY
    Bull
  • EUR
    Side
  • GBP
    Side
  • CHF
    Side
  • CAD
    Side
  • 2:24pm August 15, 2017

    AudUsd

    • 1:18pm August 14, 2017

    • 11:33am August 11, 2017

      The Aussie continues to grind lower as the week progresses with traders still looking to sell into any rallies. The top side trendline has been well respected so far. Main event risk is the CPI data out of the US much later today.

      • R2- 0.7981 – TL
      • R1 – 0.7895 – TL
      • S1 – 0.7828 – TL
      • S2 – 0.7769 – TL
    • 4:24pm August 7, 2017

      Aussie had a sharp move down on Friday on the NFP result but has recovered well through today’s session. It’s now sitting mid range as we approach the London open.

      • R2- 0.8049 – TL
      • R1 – 0.8010 – TL
      • S1 – 0.7868 – TL
      • S2 – 0.7789 – TL
    • 10:04am August 4, 2017

      Aussie had another relatively quiet day yesterday and continues to respect the downside trend line very well. We’re expecting a very quiet day ahead of the NFP’s later and traders will be using this level for entry trades if it still holds ahead of the big data.

      • R2- 0.8162 – May 2015 High
      • R1 – 0.8052 – TL
      • S1 – 0.7930 – TL
      • S2 – 0.7875 – Last weeks low
    • 8:53am August 3, 2017

      Aussie had a relatively quiet day yesterday and respected the downside trend line well. It’s sitting just on it as we enter the Asian session and traders will be using this level to enter positions on the back of the Trade Balance data later this morning.

      • R2- 0.8162 – May 2015 High
      • R1 – 0.8054 – TL
      • S1 – 0.7957 – TL
      • S2 – 0.7875 – Last weeks low
  • 2:26pm August 15, 2017

    NzdUsd

    • 1:20pm August 14, 2017

    • 11:40am August 11, 2017

      The Kiwi has remained on the back foot for most of the week and is now challenging the recent lows again. Traders will continue to look for levels to sell for the next couple of sessions up to the US data later today.

      • R2 – 0.7433 – TL
      • R1 – 0.7360 – TL
      • S1 – 0.7249 – TL
      • S2 – 0.7200 – July low
    • 4:28pm August 7, 2017

      Kiwi had a decent move down on Friday after the NFP print and is still on the back foot now after Inflation expectations fell in the 3rd quarter as released by the RBNZ today. It’s sitting on trend line support as we move into the London session.

      • R2 – 0.7546 – TL
      • R1 – 0.7475 – TL
      • S1 – 0.7394 – TL
      • S2 – 0.7363 – TL
    • 10:55am August 4, 2017

      The Kiwi stuck to it’s recent range through yesterdays trading as the market prepares for the upcoming NFP data. Expect more of the same up to tonight’s US session.

      • R2 – 0.7744 – May 2015 High
      • R1 – 0.7549 – TL
      • S1 – 0.7398 – TL
      • S2 – 0.7353 – TL
    • 8:57am August 3, 2017

      The Kiwi had a good range bound day yesterday and has found some support around 0.7410 on several occasions in the last couple of sessions. Expect more range bound activity as traders start to look ahead to the big NFP data tomorrow.

      • R2 – 0.7744 – May 2015 High
      • R1 – 0.7550 – TL
      • S1 – 0.7410 – Multi lows
      • S2 – 0.7343 – TL
  • 2:37pm August 15, 2017

    XauUsd

    • 2:22pm August 14, 2017

    • 12:41pm August 11, 2017

    • 4:59pm August 7, 2017

      Gold had a strong move down on Friday as the NFP came out much stronger than expected. Traders will continue to look for levels to sell over the next couple of sessions as a bit of confidence comes back to the market.

      R2 – 1,277.50 – TL
      R1 – 1,272.00 – TL
      S1 – 1,256.00 – TL
      S2 – 1,250.50 -TL

    • 4:31pm August 1, 2017

      Gold continues to grind higher in the dollar negative market environment. It’s traded mid range for the last few sessions now and traders will be looking for this week’s tier 1 data for the next move.

      R2 – 1,296.00 – TL
      R1 – 1,279.00 – TL
      S1 – 1,258.00 – TL
      S2 – 1,248.00 -TL

    • 6:22pm July 28, 2017

      Gold has had a good run off Usd weakness. If we see the risk on tone continue and the Usd improve we may see a break of the recent upward trend. For now, the trend is your friend.

      R2 – 1,279.20 – TL
      R1 – 1,264.00 – TL
      S1 – 1,250.00 – 26/7 low
      S2 – 1,244.00 -TL

  • 2:31pm August 15, 2017

    UsdJpy

    • 2:11pm August 14, 2017

    • 12:31pm August 11, 2017

      UsdJpy has traded lower this week in line with the Geo-political risks presented by the RoK. Extra pressure came last night as the Fed’s Dudley made dovish comments with regard to his inflation expectations and traders will now be looking to tonight’s US CPI data for the next move.

      • R2 – 110.39 – TL
      • R1 – 109.91 – Cloud Base
      • S1 –  109.05 – TL –  overnight low
      • S2 – 107.99 – TL
    • 4:39pm August 7, 2017

      UsdJpy bounced strongly after the NFP data on Friday but has drifted off in the Asian session today. Traders will be watching the equities closely today for signs of the next step for the pair.

      • R2 – 112.17 – Last weeks high
      • R1 – 110.89 – TL
      • S1 –  110.40 – Cloud Top
      • S2 – 109.89 – TL
    • 8:49am August 3, 2017

      UsdJpy traded the technical levels well through yesterdays session respecting the cloud well. It was a choppy day and traders are now very much in pre-NFP trade mode, so expect more range bound activity ahead of Friday.

      • R2 – 112.17 – Last weeks high
      • R1 – 111.24 – TL
      • S1 –  110.63 – Cloud Top
      • S2 – 109.94 – TL
    • 4:47pm August 2, 2017

      UsdJpy has had a decent bounce over the last couple of sessions, it’s broken well through the cloud today in the Asian session and traders will be looking to see if we see more profit taking flow into London.

      • R2 – 112.17 – Last weeks high
      • R1 – 111.24 – TL
      • S1 –  110.63 – Cloud Top
      • S2 – 109.94 – TL
  • 2:29pm August 15, 2017

    EurUsd

    • 2:10pm August 14, 2017

    • 12:26pm August 11, 2017

      Euro came back better bid last night after dovish comments from the Fed’s Dudley, it’s now sitting mid range and traders will be looking to tonight’s US CPI data for the next step.

      • R2 – 1.1893 – TL
      • R1 – 1.1827 – TL
      • S1 – 1.1692 – TL
      • S2 – 1.1611 – 26 July low
    • 4:36pm August 7, 2017

      At last we got a decent move in the Euro on Friday as the NFP came in a lot stronger than expected. It did find some support just above the down side trend line after the number and has risen over today’s session in Asia.

      • R2 – 1.2856 – Long Term TL
      • R1 – 1.1903 – TL
      • S1 – 1.1731 – TL
      • S2 – 1.1633 – TL
    • 12:20pm August 4, 2017

      Euro has continued to trade towards the topside of it’s recent move and you get the feeling that a poor NFP number tonight would once again propel it to fresh highs.

      • R2 – 1.2856 – Long Term TL
      • R1 – 1.1906 – TL
      • S1 – 1.1708 – TL
      • S2 – 1.1616 – TL
    • 4:24pm August 2, 2017

      Euro has maintained it’s strong bid tone for the last few sessions and traders will be starting to eye the NFP’s at the end of the week to see if we take the next step higher or drop back into the range. Tonight’s ADP may be the leading indicator that starts some traders cutting longs if there’s a strong result

      • R2 – 1.2856 – Long Term TL
      • R1 – 1.1842 – TL
      • S1 – 1.1668 – TL
      • S2 – 1.1586 – TL
  • 2:27pm August 15, 2017

    GbpUsd

    • 2:07pm August 14, 2017

    • 11:58am August 11, 2017

      The Cable has had a tough week with a strong dollar and some poor domestic numbers helping to push it down nearly 2 big figs. Traders will continue to trade from the bearish side but we may see a bit of a relief rally ahead of tonight’s US CPI data.

      • R2 – 1.3230 – TL
      • R1 – 1.2989 – Short term TL
      • S1 – 1.2957 – TL
      • S2 – 1.2837 – TL
    • 4:33pm August 7, 2017

      A strong NFP print has kept the pressure on the cable after the more dovish BoE the day before. It has found some support around 1.3020 so far, but traders will be watching the down side level closely as London opens.

      • R2 – 1.3252 – TL
      • R1 – 1.3072 – Short term TL
      • S1 – 1.3031 – TL
      • S2 – 1.3056 – TL
    • 11:23am August 4, 2017

      The cable took a heavy hit yesterday as the BoE moved to a more dovish stance in line with an increase in concerns in the MPC over Brexit and it’s consequences. Today will be all about the NFP data later in the US session.

      • R2 – 1.3445 – September 2016 High
      • R1 – 1.3260 – TL
      • S1 – 1.3118 – TL
      • S2 – 1.3056 – TL
    • 9:01am August 3, 2017

      Despite poor construction PMI data last night, the cable has remained bid in line with the general dollar sentiment. It’s a huge day for sterling today with the BoE meeting due and traders are expecting a fair amount of volatility around the event given the the change in tone we’ve seen from the MPC in the last couple of months.

      • R2 – 1.3445 – September 2016 High
      • R1 – 1.3248 – TL
      • S1 – 1.3170 – TL
      • S2 – 1.3109 – TL
  • 2:33pm August 15, 2017

    UsdChf

    • 2:15pm August 14, 2017

    • 12:40pm August 11, 2017

    • 4:56pm August 7, 2017

      UsdChf continues to trade higher and this move was helped by a strong NFP print in the US on Friday night. We have the foreign currency reserve report from the SNB tonight and traders will be watching this to see if there was any official ‘help’ in the recent Chf depreciation.

      • R2 – 0.9770- Mid June Highs
      • R1 – 0.9759 – TL
      • S1 – 0.9648 – TL
      • S2 – 0.9542 – TL
    • 4:13pm August 1, 2017

      UsdChf continues to defy the rest of the market with it’s move as the EurChf continues to fly, with much speculation in the market on the forces behind the move. But we have to trade what we see and therefore traders will continue to look for levels to buy.

      • R2 – 0.9770- Mid June Highs
      • R1 – 0.9714 – TL
      • S1 – 0.9561 – TL
      • S2 – 0.9502 – TL
    • 6:22pm July 28, 2017

      The Swissy keeps getting hammered as global macro outlook improves – flight from safe haven. Stop losses triggered in EurChf pushed the Swissy lower and has consolidated. EZ business survey & US Q2 GDP are Friday’s main event risks.

      • R2 – 0.9770- Mid June Highs
      • R1 – 0.9719 – TL
      • S1 – 0.9517 – TL
      • S2 – 0.9482 – TL
  • 2:32pm August 15, 2017

    UsdCad

    • 2:14pm August 14, 2017

    • 12:37pm August 11, 2017

    • 4:52pm August 7, 2017

      UsdCad had a good move to the top side on the back of strong NFP data on Friday night, capping out right on the long term TL, it’s making an effort to break through as we enter the London session now and should be bid on dips in the current envirnment.

      • R2 – 1.3069 – TL
      • R1 – 1.2658 – TL
      • S1 – 1.2216 – Short term TL
      • S2 – 1.2428 –  TL
    • 4:01pm August 1, 2017

      UsdCad has now found support a couple of times just above 1.2400 and has bounced back to mid range as we approach the London session. We have the first tier 1 US data of the week out tonight which could prove the catalyst for the next move.

      • R2 – 1.2740 – TL
      • R1 – 1.2594 – TL
      • S1 – 1.2419 – TL
      • S2 – 1.2280 – Long Term TL
    • 6:35pm July 28, 2017

      The Loonie continues its stellar run, breaking new highs. It broke the key level of 1.2458 (2016 high) this week so we will keep an eye on that level. Commodity and oil prices are on the rebound which has helped the Cad. Any improvement in Dollar sentiment may ruin the party, but for now look for a basing at these levels unless traders can smash through.

      • R2 – 1.2646 – TL
      • R1 – 1.26 – TL
      • S1 – 1.2458 – Horizontal – April 2016 low
      • S2 – 1.2276 – LT TL

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