EUR/USD Technical Analysis

The price is near the resistance level.

Technical Analysis
14. 5. 2018
EUR/USD Technical Analysis

On Friday our pair slightly regained its position after the lack of strong data on the US economy. Therefore, we observe a price correction. Today a number of ECB members' speeches will take place, and a member of the FOMC (James Bullard) will give a speech in the US.

Despite a small recovery, we do not believe that the correction will be strong and the pair will manage to climb high. At the moment we see that our price is traded between fixed levels and can soon approach the level of 1.20, from which we expect the continuation of the downward movement.

Speaking of technical indicators, the MACD is at the zero mark, and the Stochastic has gone to the overbought zone. The trend remains descending and we recommend taking short positions from the resistance level and counting on the reverse movement to the levels of 1.19 and 1.1860.

SuperForex
AUD/CAD: Fundamental Review & Forecast

Technical Analysis

AUD/CAD: Fundamental Review & Forecast

Sanctions resumption against Iran impacted the oil value and supports the CAD, as do the strong macroeconomic statistics. The deals to SELL seem the most effective.

SuperForex
11. 5. 2018
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

The pair remains bearish.

SuperForex
10. 5. 2018
GBP/USD Technical Analysis & Forecast

Technical Analysis

GBP/USD Technical Analysis & Forecast

We are waiting for the continued movement.

SuperForex
10. 5. 2018