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Alfa-Forex: Technical analysis of the Forex market and forecast for today 05/18/2017

18 may 2017 - Fx4News
Alfa-Forex: Technical analysis of the Forex market and forecast for today 05/18/2017

Technical analysis and forecast EURUSD 18.05.2017


EURUSD jumped to a new six-month high near 1.1158, easily breaking the mark of 1.11. Performance indicators for short-term charts settled overbought, but not yet supplied explicit correction signals. In favor of maintaining the bullish sentiment also says the fact the breakdown of the important psychological level of 1.11. In addition, the momentum indicator on the daily timeframe continues to steadily move in a northerly direction. All this points to the potential breakdown region 1.1160 with the next target at 1.1180 and further - to 1.12.


The resistance of the EURUSD : 1.1160, 1.1180, 1.1200, 1.1230, 1.1260, 1.1300, 1.1320, 1.1355, 1.1400.

Support for the EURUSD : 1.1140, 1.1100, 1.1045, 1.1025, 1.1000, 1.0960, 1.0915, 1.0900, 1.0870, 1.0840, 1.0825, 1.0800, 1.0770, 1.0740, 1.0700, 1.0670, 1.0630, 1.0600, 1.0580, 1.0540, 1.0525, 1.0500, 1.0490, 1.0450 , 1.0400, 1.0385.

 

 

Technical analysis and forecast GBPUSD 18.05.2017


GBPUSD has updated the nearly 8-month high of 1.2990, while the closure of the lost score. On the intraday time frames indicators formed a bullish technical picture, both the hourly and 4-hourly chart short moving average has crossed a long bottom-up, indicating the potential for new in Jitka shopping pound. On the daily chart the technical picture is not so clear, the mood here looks more neutral. If the new attempt to test the level of 1.30 is not successful, we can see another pair of limited pullback.


Resistance GBPUSD : 1.2990, 1.3000, 1.3050, 1.3060, 1.3100, 1.3120, 1.3150, 1.3200.

Support GBPUSD:  1.2940, 1.2920, 1.2900, 1.2860, 1.2840, 1.2800, 1.2770, 1.2730, 1.2700, 1.2680, 1.2630, 1.2615, 1.2600, 1.2520, 1.2500, 1.2480, 1.2440, 1.2425, 1.2400, 1.2365, 1.2330, 1.2300.

 

Technical analysis and forecast USDJPY 18.05.2017


USDJPY showed massive intraday decline, losing a day more than 200 points. Quotes slipped from 113.00 area and went to 3-week lows at 111.00 mark. On all timeframes technical indicators clearly signal a bearish tone. In addition, during the collapse of the price fell below the 14- and 20-day moving average. negative also adds a violation of the integrity of psychological support near 111.00, a break of which opens the way to new lows in the 110.60 area, and below.


Support for USDJPY: 110.90, 110.60, 110.00, 109.60, 109.50, 109.00, 1, 08.70, 108.55, 108.30, 108.10, 108.00, 107.65, 107.30, 107.00.

Resistance USDJPY : 111.20, 111.45, 111.80, 112.00, 112.30, 112.80, 113.00, 113.40, 113.60, 114.00, 114.40, 114.70, 115.00, 115.40, 116.00, 116.35, 116.75.

 

 

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