Daily analysis of EUR/JPY for May 21, 2018

EUR/JPY

The EUR/JPY pair has failed to go seriously upwards like its USD/JPY counterpart. The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity (although the general outlook still remains bearish).

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The price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week.

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Weekly review of GBP / USD pair as of 05/21/2018

The pound continues to lose its positions, though not at the same pace as the single European currency. In part, this is due to the fact that absolutely negative data on the UK did not appear. Data on the labor market were published, which were rather …

Trading plan AUD / USD pair 05/21/18

The movement of the pair in the current month indicates the formation of a medium-term accumulation zone. This can be determined by the location of the compilation zones of the Central Bank. Last week, the growth rate reached the level of 1.5% (0.7550)…

Trading signals for today – May 21

At the moment, we are witnessing a confirmation of a tertiary signal in the purchase of Caterpillar shares. The preliminary signal was at the moment of the intersection from the oscillator line of the Marlin indicator over the zero line (May 7). The se…

GBP/USD analysis for May 21, 2018

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Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3394. According to the H1 time – frame, I found a successful breakout of the strong support trendline in the background, which is a sign that sellers are under control. I also found a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities on the rallies. The downward target is set at the price of 1.3355 (Fibonacci expansion 161.8%)

Resistance levels:

R1: 1.3485

R2: 1.3495

R3: 1.3505

Support levels:

S1: 1.3465

S2: 1.3454

S3: 1.3445

Trading recommendations for today: watch for potential selling opportunities.

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Fundamental Analysis of EUR/USD for May 21, 2018

EUR/USD has been quite impulsive and non-volatile with the bearish gains recently which lead the price to reside at the edge of the 1.1700-20 support area today. USD has been the dominant currency in the pair for a certain period of time where EUR was …

Bitcoin analysis for May 21, 2018

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The Bitcoin (BTC) has been trading dupwards.The price tested the level of $8.553. On May 19, a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who worked on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent of rewards to fund developers. Technical picture on Bitcoin looks neutral to bearish.

Trading recommendations:

According to the H1 time – frame, I found that the price rejected from the upper diagonal of the channel, which is a sign that buying at this stage looks risky. I also found possible bearish flag in creation, which is a sign of weakness. My advice is to watch for a potential breakout of the bearis flag to confirm further downward price and potential re-test of $8.355 (lower diagonal).

Support/Resistance

$8.522 – Intraday resistance

$8.398– Intraday support

$8.355 – Objective target 1

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Burning forecast 05/21/2018

Burning forecast 05/21/2018
EURUSD: Keep selling, but be ready for a turn.
The euro exchange rate in the morning updated the lows last week.
We keep selling from 1.1760 with the target of 1.1660, but we minimize the risk – stops in break-even.
In the c…

Trading signals for today – May 21

AUD / CAD pair Today, a signal was generated in the purchase at the cross rate of AUD / CAD pair with the target of 0.9807. The signal was formed when the Marlin oscillator emerged above the zero line. This indicator is leading and for such patterns a…

Trading plan for 21/05/2018

The most influential event on the balance of power on the currency market at the beginning of the week is a suspension in a trade dispute between China and the US. In the result, the global investors can observe weakening of the yen, increases in equit…

Growth prospects for the dollar remain strong

The US dollar was in demand again last week, supported by the resumption of growth in yields of government bonds of the US Treasury.The dollar continues to receive significant support. Its index, reflecting the dynamics of the basket of major currencie…

Technical analysis of USD/CAD for May 21, 2018

The USD/CAD pair, although it has broken above the 4hour Ichimoku cloud, is trading on top of the resistance trend line and the price has not broken above the May 15th high yet, in order to start a new sequence of higher highs and higher lows. Therefor…

Pound crouched and could not jump

GBP / USD On Friday, the British pound fell to the lower boundary of the technical range 1.3450-1.3620 under the total pressure of the US dollar, as the USDX index added 0.20%. The only opportunity to resist this pressure is the prospect of preserving …

The help of the yen came

USD / JPYThe Japanese yen did not vainly fight against the whole market, as we wrote in the review of May 17 ( see p .) – This morning, the dollar continued to strengthen and after a string of weak economic indicators in Japan, good data on the trade b…