Technical analysis and forex forecast for EURUSD 30.05.2017
The euro did not dare to storm the mark of 1.12 and ended the day flat. On the hourly chart has formed a neutral technical picture - the indicators do not show clearly the set motion vector, located in the middle of lines area. However, a short moving average crossed long from top to bottom, indicating the presence of downside risks, as well as the inability of the pair to return above 20-SMA on the 4-hour timeframe, which is located near the psychological mark of 1.12. This area is still acting as a near-term resistance.
The resistance of the EURUSD : 1.1200, 1.1220, 1.1250, 1.1265, 1.1300, 1.1320, 1.1355, 1.1400.
Support for the EURUSD : 1.1160, 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.
GBPUSD 30.05.2017 Forex Technical Analysis and Forecast
The pound found the support at the level of 1.28, but the upward correction after Friday's crash was limited to 1.2850 area. Technical indicators on the daily chart have moved to recovery, but their orientation does not indicate the prospects for a sustainable recovery from the current levels. Quotes settled slightly above the 20-hour rolling average, however, to improve short-term attitude required sample 200-SMA, which is a 4-hour time frame located in the area 1.2860. Immediate support is now taking place in the area of 1.2800.
Resistance GBPUSD : 1.2850, 1.2860, 1.2875, 1.2900, 1.2930, 1.2960, 1.2980, 1.3000, 1.3015, 1.3040, 1.3050, 1.3060, 1.3100, 1.3120, 1.3150, 1.3200.
Support GBPUSD : 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 of forex forecast USDJPY 30.05.2017
USDJPY moved to close the 30-pipsovom range, not venturing to testing 111.50 area. During the day, the dollar showed a predominantly upward slope and finished the day in a symbolic plus. However, the momentum indicator on the daily chart has continued to move in a southerly direction, and formed a neutral technical picture in the short-term timeframes. This indicates the limited potential for further growth. In this case, while the quotations are held above the level of 111.00, the downside risks are also low.
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 : 111.50, 112.00, 112.15, 112.30, 112.50, 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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