Daily Technical Analysis
- Tuesday, 05 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 5 June
The British pound has moved sharply lower against the US dollar, after meeting strong technical selling from just before the key 1.3400 resistance level on Monday. The GBPUSD pair currently trades close to the 1.3300 level, with downside pressures likely…
- Monday, 04 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 4 June
EUR/USD strong bounce from 1.1510(29/05/2018 low) continues, trading above 1.17and heading along 1.1718. The short-term trendremains negative as long as prices remain belowhourly resistance at 1.1993 (14/05/2018 high).Hourly support is given at 1.1510 (29/05/2018low).
- Friday, 01 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 1 June
The Australian dollar try to rally initially on Thursday but turned around. By doing so, we have formed a shooting star at the 0.76 level, and it looks like we are ready to roll over and perhaps go looking towards…
- Thursday, 31 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 31 May
GBP/USD’s moving higher. However, this strength is likely only temporary in nature. Further weakness towards the support at 1.3223 is favored. Key support and resistance are given at 1.3068 (13/11/2017 low) and 1.3458 (11/01/2017 low. The technical structure suggests further…
- Wednesday, 30 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 30 May
EUR/USD is again trying to bounce after break strong support at 1.1560. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.2036 (11/01/2017 low). Next key support and resistance are now given at…
- Tuesday, 29 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 29 May
AUD/USD has recently only been able to make marginal new highs, suggesting a potential weakening momentum. Hourly support and resistance remain at 0.7412 (09/05/2018 low) and 0.7813 (19/04/2018 high). The technical structure suggests short-term increase.
- Monday, 28 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 28 May
GBP/USD is trying to bounce near the 1.03324 strong support. Hourly support and resistance are given at 1.3324 (19/12/2017 low) and 1.3458 (11/01/2017 low. The technical structure suggests further downside.
- Friday, 25 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 25 May
EUR/USD recovery bounce was short lived suggesting persistent selling pressure. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.2036 (11/01/2017 low). Next key support and resistance are now given at 1.1560 (07/112017…
- Thursday, 24 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 24 May
AUD/USD is trying to bounce after the break of the supports at 0.7652 and 0.7502. Hourly support and resistance remain at 0.7412 (09/05/2018 low) and 0.7813 (19/04/2018 high). The technical structure suggests short-term increase.
- Wednesday, 23 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 23 May
The GBP/USD made a strong bullish rally yesterday which approached the 1.35 resistance level. Price is now testing the support trend line again but the price pattern is starting to resemble a falling wedge chart pattern.- Popular
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