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Technical Analysis

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…

EUR/USD Weekly Forecast - 30 April - 4 May

EURUSD sellers followed through in a big way last week. Last Sunday we mentioned the close below the April 2017 trend line near 1.2300. The big question at the time was whether or not Euro bears would come out to play. After all,…

GBP/USD Weekly Forecast - 30 April - 4 May

Notes: The British Pound posted an outside-weekly reversal candle off the yearly highs this month with the decline now taking prices towards a critical support confluence at 1.3675-1.3737 – a region defined by the 23.6% retracement of the 2017 advance, the 2016 high-week close (Brexit), and the…

AUD/USD Weekly Forecast - 30 April - 4 May

Notes: The Australian Dollar crashed through long-term confluence support last week at 7635 and leaves the near-term risk lower in price while below this threshold. Subsequent support objectives are eye at the median-line / 50% retracement of the 2016 advance at 7480-7500. Broader bearish invalidation stands…

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…

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