Technical Analysis
- Saturday, 16 June 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 18 June - 22 June
Notes: The British Pound has continued to trade within the confines of the descending pitchfork formation highlighted in our previous GBP/USD Technical Perspective, with prices rebounding off a confluence support zone this week around ~1.3164. This region is defined by the 50% retracement of the…
- Saturday, 16 June 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 18 June - 22 June
Notes: In last month’s AUD/USD Weekly Technical Perspective, we noted that the Aussie rebound was targeting, “initial resistance up towards 7636- a breach there would be needed to suggest that a larger reversal is underway / a more significant low is in place.…
- Friday, 15 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 15 June
The EURUSD currency pair was seen holding to the gains after once again testing the support level at 1.1730. Price action was moderately bullish with the daily session posting a bullish engulfing candlestick pattern. This indicates a possible move to…
- Thursday, 14 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 14 June
AUD/USD strong bounce from 0.7556(03/06/2018 low) continues, trading above 0.76and heading along 0.7640. A break of the strongresistance at 0.7917 (14/03/2018 high) is neededto invalidate the current short-term bearish bias.Hourly support remains at 0.7412 (09/05/2018low).
- Wednesday, 13 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 13 June
The British pound has fallen to a fresh weekly trading-low against the US dollar, following the release of key United Kingdom CPI Inflation data. The GBPUSD pair currently trades around the 1.3320 level and remains under technical selling pressure while…
- Tuesday, 12 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 12 June
I had a bullish bias yesterday which did not work out very well. The Dollar rose a little and the Euro did not manage to compete, with the price falling below the highest support level at 1.1792 which has now…
- Monday, 11 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 11 June
The Aussie dollar edged higher on Wednesday after extension of four-day descend found footstep at 0.7553 (30SMA) and profit-taking on Tuesday’s 0.5% fall pushed the price higher. Near-term action holds in a downtrend from 0.7676/73 double-top and remains pressured by…
- Saturday, 09 June 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 11 June - 15 June
Notes: Euro reversed off basic trendline support extending off the 2017 lows late-last month with the pair rallying more than 2.3% ahead of key interest rate decisions over the next two days. The first major resistance hurdle is eyed at 1.1916/25 where the January low converges on…
- Saturday, 09 June 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 11 June - 15 June
GBPUSD is caught in a range. Following the June 1 close above 1.3300, buyers swooped in to support prices between the 4th and 5th; no surprise there. That exposed the 1.3460 resistance level which was tested as such on Thursday.
- Saturday, 09 June 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 11 June - 15 June
AUD/USD was rejected from a cluster of lines (confluence of resistance) as one might expect to happen, but with it comes the further development of a more bearish price sequence via a bear-flag.- Popular
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