Tag: Analisis

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.

The material has been provided by InstaForex Company – www.instaforex.com

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.

The material has been provided by InstaForex Company – www.instaforex.com

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 …