Daily Technical Analysis
- Tuesday, 19 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 19 June
The Australian dollar continues to fall, breaking through the bottom of the hammer from the Friday session. Ultimately, the market looks as if it is ready to break through the 0.74 handle, perhaps unwinding down to the 0.7350 level which…
- Monday, 18 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 18 June
The British pound has been very noisy during the week as well, initially trying to rally but then broke down significantly. I think that the market continues to go lower, and a break down below the hammer from a couple…
- Friday, 15 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 15 June
The EURUSD currency pair was seen holding to the gains after once again testing the support level at 1.1730. Price action was moderately bullish with the daily session posting a bullish engulfing candlestick pattern. This indicates a possible move to…
- Thursday, 14 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 14 June
AUD/USD strong bounce from 0.7556(03/06/2018 low) continues, trading above 0.76and heading along 0.7640. A break of the strongresistance at 0.7917 (14/03/2018 high) is neededto invalidate the current short-term bearish bias.Hourly support remains at 0.7412 (09/05/2018low).
- Wednesday, 13 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 13 June
The British pound has fallen to a fresh weekly trading-low against the US dollar, following the release of key United Kingdom CPI Inflation data. The GBPUSD pair currently trades around the 1.3320 level and remains under technical selling pressure while…
- Tuesday, 12 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 12 June
I had a bullish bias yesterday which did not work out very well. The Dollar rose a little and the Euro did not manage to compete, with the price falling below the highest support level at 1.1792 which has now…
- Monday, 11 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 11 June
The Aussie dollar edged higher on Wednesday after extension of four-day descend found footstep at 0.7553 (30SMA) and profit-taking on Tuesday’s 0.5% fall pushed the price higher. Near-term action holds in a downtrend from 0.7676/73 double-top and remains pressured by…
- Friday, 08 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 8 June
The British pound went back and forth during the trading session on Thursday, perhaps in reaction to word getting out that the United Kingdom was going to leave the custom union as well as the European Union.
- Thursday, 07 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 7 June
The Euro rallied a bit during the trading session on Thursday but found enough resistance at the 1.1850 level to cause some issues and pull back a bit. I think if we break down below the lows of the session…
- Wednesday, 06 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 6 June
I wrote previously that I would be bullish if the price could bounce convincingly at 0.7621. I thought it would be a bearish sign if the price broke below that level. I was proven wrong when the price bounced strongly…- Popular
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