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Daily Technical Analysis

AUD/USD Daily Forecast - 8 May

According to dailyforex.com, this pair remains in a downwards trend but is slowing down and showing signs of wanting to rise. This is probably because we have some important news items concerning the AUD scheduled for this week.

GBP/USD Daily Forecast - 7 May

According to dailyforex.com, the British pound fell during the trading session on Friday after the jobs number came out in America, as we have sliced through a major uptrend line. The question now is whether we can continue to keep…

EUR/USD Daily Forecast - 4 May

According to dailyforex.com, the EUR/USD pair has fallen a bit during the trading session on Thursday in preparation for the nonfarm payroll number today, but you can see we bounce to form a hammer. I suspect that we are going…

AUD/USD Daily Forecast - 3 May

Dailyforex.com, I wrote yesterday that I had a bearish bias below 0.7559, even though it looks as if 0.7500 was used as minor support. I also thought it was probably better to stand aside for the time being. My second…

GBP/USD Daily Forecast - 2 May

According to dailyforex.com, the British pound has broken through the major trend line that I talked about yesterday, testing the 200 SMA. The 1.3650 level is supportive, but I think that if we can break down below the lows of…

EUR/USD Daily Forecast - 1 May

According to dailyforex.com, the EUR/USD pair tried to rally at the open on Monday, but then broke below the 1.21 handle. There is a significant amount of support underneath though, as this was a zone that had been so resistive…

AUD/USD Daily Forecast - 30 April

AUDUSD is trading at 0.7569; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7575 and then continue moving downwards to reach…

GBP/USD Daily Forecast - 27 April

According to dailyforex.com, the British pound initially tried to rally during the day but turned around to form a shooting star. It looks as if the US dollar is going to continue to try to show signs of strength. I…

EUR/USD Daily Forecast - 26 April

The cancellation of the growth of the Euro/Dollar quotations will mark the breakdown at the level of 1.2100, which will indicate the breakdown of the lower boundary of the bullish pattern «Wolfe Wave» and the continuation of the Euro/Dollar fall…

AUD/USD Daily Forecast - 25 April

According to Forex24.pro,the cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7670, which will indicate the breakdown of the upper border of the channel and the continued…

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