Technical Analysis
- Wednesday, 30 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 30 May
EUR/USD is again trying to bounce after break strong support at 1.1560. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.2036 (11/01/2017 low). Next key support and resistance are now given at…
- Tuesday, 29 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 29 May
AUD/USD has recently only been able to make marginal new highs, suggesting a potential weakening momentum. Hourly support and resistance remain at 0.7412 (09/05/2018 low) and 0.7813 (19/04/2018 high). The technical structure suggests short-term increase.
- Monday, 28 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 28 May
GBP/USD is trying to bounce near the 1.03324 strong support. Hourly support and resistance are given at 1.3324 (19/12/2017 low) and 1.3458 (11/01/2017 low. The technical structure suggests further downside.
- Saturday, 26 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 28 May - 1 June
The Euro initially tried to rally against the US dollar as well but found trouble with the 1.1850 level. We ended up turning around and forming a very ugly candle, we suggest that we are in fact getting ready to…
- Saturday, 26 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 28 May - 1 June
The British pound has broken down significantly during the week, after initially trying to rally and retest the previous uptrend line. The fact that it has failed at that uptrend line to break above again tells me that we will…
- Saturday, 26 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 28 May - 1 June
Aussie/USD did not go anywhere fast and remained close to the 0.75 level. Technical lines from top to bottom: 0.7730 capped the pair in early April. 0.7675 provides some support in March and is another stepping stone.
- Friday, 25 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 25 May
EUR/USD recovery bounce was short lived suggesting persistent selling pressure. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.2036 (11/01/2017 low). Next key support and resistance are now given at 1.1560 (07/112017…
- Thursday, 24 May 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 24 May
AUD/USD is trying to bounce after the break of the supports at 0.7652 and 0.7502. Hourly support and resistance remain at 0.7412 (09/05/2018 low) and 0.7813 (19/04/2018 high). The technical structure suggests short-term increase.
- Wednesday, 23 May 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 23 May
The GBP/USD made a strong bullish rally yesterday which approached the 1.35 resistance level. Price is now testing the support trend line again but the price pattern is starting to resemble a falling wedge chart pattern.
- Tuesday, 22 May 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 22 May
The EUR/USD bullish rally has disappeared and price is now retesting the 1.1750 support zone again, which is a critical and key decision zone for a downtrend continuation or larger bullish reversal.- Popular
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