Technical analysis and forecast for EURUSD today 05/24/2017
EURUSD struggled to 1.12 and mark the end of trading for the day yet achieved its goal, although further 1.1220 could not move. Despite the rebound, the momentum indicator on the daily chart continues to point south. Meanwhile, on the hourly timeframe shorter moving average crossed long from top to bottom. All this, coupled with conflicting technical signals in the short-term charts suggests continued downward risks. So, in the near future price risks back under 1.12 mark to the nearest target at 1.1170, where the yesterday's intraday low.
The resistance of the EURUSD : 1.1220, 1.1250, 1.1265, 1.1300, 1.1320, 1.1355, 1.1400.
Support for the EURUSD : 1.1200, 1.1170, 1.1140, 1.1120, 1.1100, 1.1075, 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.
Technical analysis and forecast GBPUSD today 24/05/2017
GBPUSD met offera on trying to rise to the level of 1.30 and retreated, but was able to return to their original positions on the day. During the evening the price rebound overcame 200- and 20-hour moving average, but did not dare to challenge the 100-hour SMA in the 1.2980 area, which blocks the way to the coveted level of 1.30. In this case, the indicator RSI and Momentum on the short-term charts are on track in a northerly direction. These signals indicate the potential for new attempts to lift, but to break above the psychologically significant mark required additional catalyst.
Resistance GBPUSD : 1.2980, 1.3000, 1.3040, 1.3050, 1.3060, 1.3100, 1.3120, 1.3150, 1.3200.
Support GBPUSD : 1.2950, 1.2925, 1.2900, 1.2875, 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.
Technical analysis USDJPY forecast for today 24/05/2017
USDJPY most of the day was kept afloat and even the first time since May 17, tested the 112.00 mark. But at the end of trading quotes down to the area of 111.50, finished the day in negative territory. Technical indicators on the hourly chart is rapidly approaching oversold levels, but does not serve the turn signals. At the 4-chasovkah also formed a bearish technical picture, and on the daily time frame is dominated by a neutral attitude with a small downward slope. Prevailing downside risks favor the development of the descending impulse with the primary aim to 111.00.
Support for USDJPY : 111.00, 110.85, 110.60, 110.00, 109.60, 109.50, 109.00, 108.70, 108.55, 108.30, 108.10, 108.00, 107.65, 107.30, 107.00.
Resistance USDJPY : 111.85, 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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