- Monday, 02 July 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 3 July
AUD/USD bears drove the market to a new 2018 low this Monday at 0.7310. The bear trend is strong and resistance to the upside are seen near the 0.7323 former 2018 low and 0.7345 congestion zone. To the downside bears will likely target the 0.7300 figure and the 0.7246 December 25, 2016 high. After this decline, buying is not an option at the moment.
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- Friday, 29 June 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 2 July
Euro spent Friday’s session in an uptrend breaking above 1.1650 handle. The relief rally in the EUR that followed the news that EU leaders have reached a deal on migration at the June summit suggested that political anxiety had been a contributing factor behind the currency’s recent softness. As for Monday, we expect a bit of consolidation after this big movement on Friday.
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- Friday, 29 June 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 2 July
GBP/USD is up about 130 pips this Friday and is now testing the 1.3200 figure. Although the main trend in the pair is bearish the current correction is rather strong, and some bullishness might persist in the coming days especially if GBP/USD trades above 1.3200, however we would pay attention to UK Manufacturing PMI figures on Monday.
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- Friday, 29 June 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 2 July
AUD/USD had a 65-pip boost this Friday and found resistance at the 0.7400 level. Pair formed a golden cross where the 50-period simple moving average crossed above the 200-period SMA which is seen as a bullish signal. Pair is currently finding support at the 50-period SMA and at 0.7380 Tuesday’s low.
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