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Daily Fundamental 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…

GBP/USD Daily Forecast - 16 May

The British pound eased below the 1.3530 level of support yesterday as the currency fell on the jobs report release. Still, we expect to see the consolidation continuing at this price level. A near term rebound back to 1.3530 could…

AUD/USD Daily Forecast - 15 May

AUD/USD is bouncing off from 0.7412 (09/05/2018 low), heading along the 0.7565 range. Hourly support and resistance remain at 0.7412 (09/05/2018 low) and 0.7879 (28/02/2018 high). The technical structure suggests shortterm increase.

BTC/USD Daily Forecast - 14 May

The conservative sales area for Bitcoin is located near the middle border of the Bollinger Bands strip at 8750.00. The abolition of the variance of the continuation of Bitcoin will be the breakdown of the mid-range area of ​​the Bollinger…

GBP/USD Daily Forecast - 11 May

According to barchart.com, the British pound has gone back and forth during the day as well, as we continue to bounce around this uptrend line. We are just below the 200-day simple moving average, which of course attract a lot…

EUR/USD Daily Forecast - 10 May

According to dailyforex.com, the EUR/USD pair went back and forth on Wednesday, showing signs of volatility yet again. At one point during the day, I thought that perhaps we were going to see an attempt to go much higher, perhaps…

AUD/USD Daily Forecast - 9 May

According to fxempire.com, the Australian dollar has broken down a bit during the trading session on Tuesday, slicing towards the 0.7450 level. That’s an area that is going to continue to be of minor importance, but I believe there is…

GBP/USD Daily Forecast - 8 May

Dailyforex.com. I wrote yesterday that the price was likely to make a lower low, but as it turned out, the major round number at 1.3500 was not even reached again, and the short-term direction has now turned bullish. The Pound…

EUR/USD Daily Forecast - 7 May

According to dailyforex.com, the EUR/USD pair fell again during Friday trading, breaking down below the 1.1950 level. That of course is a negative sign, but we did recover a bit going into the weekend. I think that we could get…

AUD/USD Daily Forecast - 4 May

According to fxempire.com, the Aussie bounced from the 0.75 psychological support level to show signs of short covering on Thursday. The bounce, although somewhat small, suggests that not everybody is convinced that the jobs number will be strong, thereby mitigating some…

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