Technical Analysis
- Monday, 21 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 21 May
The Aussie dollar moved higher in Asian trading on Monday, benefiting from US – China trade news, but was unable to clearly break above falling 20SMA (0.7520) so far.
- Saturday, 19 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 21 May - 25 May
Notes: EUR/USD broke below confluence slope support last month with the decline breaking below the yearly opening range lows at 1.1916. Price is now approaching confluence support around 1.1709/45 where the 38.2% retracement of the late-2016 advance converges on a parallel of the dominant slope extending of…
- Saturday, 19 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 21 May - 25 May
Since closing below 1.3600 on May 2, the GBPUSD has been limited to a 140 pip range with a floor at 1.3460. This is the same range mentioned earlier; nothing has changed since then. As such, here’s our analysis of May 13:
- Saturday, 19 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 21 May - 25 May
Notes: Last week we noted that the Australian Dollar was, “testing BIG weekly support and IF price is going to rebound, this would be a good spot.” Price was unable to close below confluence support at 7480 with Aussie mounting a counter-offensive against the US Dollar early…
- Friday, 18 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 18 May
GBP/USD is starting a bullish consolidation at the 1.3520 range. Hourly support and resistance are given at 1.3331 (19/12/2017 low) and 1.4097 (29/01/2018 high). The technical structure suggests short-term sideways trading moves.
- Thursday, 17 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 17 May
EUR/USD is bouncing off from 1.1764 low and broke hourly support at 1.1812 (25/12/2018). The pair is currently trading at 1.1830, heading along the 1.1840 range. The pair is currently at mid- December 2017 levels. Hourly support and resistance are…
- Wednesday, 16 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 16 May
AUDUSD has reversed back down again after finding resistance at the 0.7560 barrier, achieved on Monday and holds below the 0.7800 handle. The pair completed two consecutive bearish days and remains below the 20- and 40-simple moving averages (SMAs) in…
- Tuesday, 15 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 15 May
GBP/USD is increasing, trading above 1.3550 and heading along the 1.3575 range. The pair is currently trading at mid-January 2018 levels. Hourly support and resistance are given at 1.3458 (11/01/2018 low) and 1.4097 (29/01/2018 high). The technical structure suggests shortterm…
- Monday, 14 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 14 May
The EURUSD closed on Friday on a bullish note marking a second consecutive day of gains. However, price action remains stuck near the key resistance level of 1.1959 – 1.1920 level. This could potentially trigger a modest pullback in the…
- Saturday, 12 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 14 May - 18 May
We looked at the EURUSD a couple of times last week. The first was on Monday when the pair was breaking below the 1.1930 handle, and the second was on Friday during the two-day rebound, that started from 1.1830 one of the levels that we pointed…- Popular
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