GBP/USD Technical Analysis

The pair will try to update its minimums.

Technical Analysis
15 may 2018
GBP/USD Technical Analysis

Our pair continues to be in a narrow corridor and volatility in the pair has declined over the past few days. Today we are waiting for a number of macroeconomic indicators for the United Kingdom. The average salary level for March was worse than the forecasted level, and the number of applications for unemployment benefits for April exceeded the expected figure two and a half times. The only positive indicator was the change in the employment statistic for 3 months, which was 197.0K instead of the forecast of 129.0K.

We expect reports on retail sales and speeches by FOMC members in the United States.

Considering our 4-hour chart, we expect the resumption of the downtrend in the pair. The price continues to be below the level of 1.36, which is a strong resistance level observed on the daily chart.

Furthermore, the MACD still cannot overcome the zero mark, while the RSI continues to be in the oversold zone. Therefore, we believe that the downward movement will continue. We recommend taking short positions with a stop-loss above 1.36, while take-profits should be set at 1.3520 and 1.3460.

SuperForex
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

We expect the pair to remain bearish.

SuperForex
15 may 2018
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

The price is near the resistance level.

SuperForex
14 may 2018
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 may 2018