Technical Analysis
- Saturday, 12 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 14 May - 18 May
The GBPUSD was uneventful last week, to say the least. In fact, after five days of trading, the pair closed the week just five pips above its opening price of 1.3533. Last Sunday we pointed out 1.3600 as the resistance level to watch.…
- Saturday, 12 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 14 May - 18 May
Aussie/USD fell to new lows around 0.7410. Technical lines from top to bottom: 0.7890 worked as support in February and resistance in October. 0.7810 was a swing high in mid-April.
- Friday, 11 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 11 May
According to fxempire.com, the Australian dollar has been in a very negative move for some time. However, the last couple of sessions have been a little bit healthier than previously shown, and it looks as if the CPI figures in…
- Thursday, 10 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 10 May
According to dailyforex.com, the British pound has gone back and forth during the day on Wednesday, showing signs of strength at one point, but then turning around to form a shooting star. The shooting star sits on top of a…
- Wednesday, 09 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 9 May
According to dailyforex.com, the EUR/USD pair broke down significantly on Tuesday again, breaking down below the 1.19 handle, and reaching below the 1.1850 level at one point during the session. We have cleared the 61.8% Fibonacci retracement level, and now…
- Tuesday, 08 May 2018
- 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.
- Monday, 07 May 2018
- Daily Technical Analysis
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…
- Saturday, 05 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 7 May - 11 May
Another week is behind us, and another support level is broken on the EURUSD. Sellers have made a habit of this since the single currency broke long-term wedge support on April 20. Last Monday’s session broke the 1.2090 support level. The breakdown…
- Saturday, 05 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 7 May - 11 May
Similar to its EURUSD counterpart, the GBPUSD ended Friday’s session with a three-week losing streak. Unlike the Euro, though, the pound began its descent with a bearish engulfing week. Since the April 17 swing high, the pair is down a massive 840…
- Saturday, 05 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 7 May - 11 May
Aussie/USD extended its falls, losing the important 0.75 level before recovering and closing at 0.7538. Technical lines from top to bottom:- Popular
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