GBPNZD Retracement Setup (May 31, 2017)
GBPNZD has sold off quite sharply recently but this dive could come to a halt as price nears an area of interest. Recall that the pair also broke past the neckline of a double bottom pattern, indicating...
Month: May 2017
USDCAD Daily Analysis – May 31, 2017
USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a...
USDJPY Daily Analysis – May 31, 2017
USDJPY broke below 110.86 support, indicating that the short term downtrend from 112.13 has resumed. Deeper decline to test 110.23 support is possible, a breakdown below this level will take price to the next support level of...
AUDUSD Daily Analysis – May 31, 2017
AUDUSD broke above 0.7465 resistance, indicating that the downward movement from 0.7517 had completed at 0.7416 already. Further rally to test 0.7517 resistance could be expected in a couple of days, a break though this level could...
GBPUSD Daily Analysis – May 31, 2017
GBPUSD remains in downtrend from 1.3047, the rise from 1.2775 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2700 area. Resistance is at...
EURUSD Daily Analysis – May 31, 2017
EURUSD stays in a falling price channel on its 4-hour chart and is now in short term downtrend from 1.1267. As long as the pair is in the channel, the downtrend could be expected to continue and...
USDCAD Is Facing Channel Support
USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair...
USD/JPY Forecast May 30, 2017, Technical Analysis
The USD/JPY pair has been choppy during the session on Monday, as we continue to hover around the 111.25 level. The market looks very likely to try to stabilize in this area, but if we can break...
USD/CAD Forecast May 30, 2017, Technical Analysis
The USD/CAD pair was slightly negative during the day on Monday, but is starting to find support near the 1.3425 handle. The market has been in a downtrend for some time, and of course is driven heavily...
GBP/USD Forecast May 30, 2017, Technical Analysis
The British pound rose again during the session on Monday, as we have stabilized over the last couple of days. The selloff was rather drastic, but at this point we have the 1.2750 level underneath. The 1.2750...