Technical analysts and Forex forecast for today 18.05.2017: EUR / USD, GBP / USD, USD / JPY

18 мая 2017 - Fx4News

Forex Technical Analysis and forecast of the euro dollar (EUR / USD) as of today 18/05/2017

It seems that the euro rally came to an end. The Bulls have lost interest in buying euro majeure when the pair reached the level 1.1100. Price pulled back and returned below the level of 1.1100 in the middle of the Asian session. Sellers could not take control in their hands, and during the day the asset traded in the fresh highs. The indicators remain in the "green" area on the 4-hour schedule. Resistance is at 1.1100, and support - at 1.1050.

Forecast EUR / USD recommendation 05/18/2017

The pair is overbought in the near future, the market is expected downward correction. In this case, the purpose of the traders will be the level 1.1050.

Forex Analytics pound and the dollar exchange rate forecast pair GBP / USD on 05/18/2017

On Wednesday, the pound to feel confident in the currency market. Cheerful pair kept the mood to buy and continue to recover, returning by noon all of the losses incurred on Tuesday. Accordingly, the 4-hour schedule all technical indicators were positive. Resistance is at around 1.3000, and support - at 1.2900.

Forecast EUR / USD recommendation

It is expected that the pair will continue the positive sentiment in the short term. At the pound has a chance to rise to the level of 1.3000.

Forex forecast pair dollar yen exchange rate and Technical Analysis USD / JPY on 05/18/2017

USD / JPY pair fell to new 2-week lows, following a decline in US markets. The US dollar remained highly oversold on Tuesday. The trading day began for the pair negative, and the trades continued on a negative background of the night and morning. The pair slowed decrease when hit 112.50. The indicators were negative for the 4-hour chart. Resistance is at the level of 113.00, and support - to 112.00.

Forecast USD / JPY recommendation 05/18/2017

It can be expected that the pair will start an upward correction. With the development of trading in such a scenario the bulls will focus on the area of 113.00.