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Forex Analysis

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Forex Analysis

EUR/USD Technical analysis | 26 April 2018

08:06 am 2018-04-26

EUR/USD failed to break through the 1.2247 zones which we confirmed during yesterday's report and then fell to break the first support of 1.2184 areas on the hourly interval. The EUR/USD pair is trading in a bearish direction in the form supported by the pair breaking the ascending trend line during the trading which began with the beginning of March during the European session. The SMA 20 is currently neutral and represents a very important resistance area for the pair. RSI 14…More

EUR/USD Technical analysis | 25 April 2018

08:13 am 2018-04-25

EUR/USD broke the downtrend line on the hourly time frame during the US session yesterday evening and this breach was confirmed by breaking the 1.2223 areas. EUR/USD is trading in a bullish trend under formation, and the SMA 20 is positively intersecting with the broken downtrend line supporting the new uptrend. RSI 14 is trading in a bullish direction and breached the bearish trend line during yesterday's trading session, which indicates the bull pressure on the pair. We do not recommend trading…More

USDJPY Technical analysis 24 April 2018

12:22 am 2018-04-24

  Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term   The purchasing power managed to control the movement of the USDJPY to break above the level of 108.40 to achieve the second target around the level of 108.79   In view of the technical indicators Both the RSI and the Directional Trend indicator indicate that the indicators are beginning to fall below Accordingly, we expect that  the USDJPY  will  target level of  107.85…More

GBPUSD Technical analysis 24 April 2018

12:20 am 2018-04-24

  Time frame Used - four hours The GBPUSD is moving in a bearish direction in the near term The selling pressure was able to push  the of GBPUSD  to retreat and   break through the lower boundary  from  the up channel downside  to reach level of  1.3925, forming a positive candlestick pattern  In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly, we expect that  the GBPUSD will  test…More

EURUSD Technical analysis 24 April 2018

12:18 am 2018-04-24

Time frame Used - four hours The EURUSD is moving in a bearish direction in the near term The selling force  managed to control the movement of the EURUSD to break level of  1.2314 to hit level of  1.2206 In view of the technical indicators Both the RSI and Stochastic are indicating to weakness of the indicators  Therefore, we expect that  the EURUSD will  test the level of 1.2153, where we expect to see strong purchasing power that could push prices to upside againMore

USDJPY Technical analysis 23 April 2018

10:32 pm 2018-04-22

Time frame Used - four hours The USDJPY is moving in a sideway in the near-term  The purchasing power managed to control the USDJPY movement from breaching level of  107.46 to the upside forming a higher bottom than the previous bottom as the USDJPY is still trading above the uptrend line  In view of the technical indicators Both the RSI and the RSI are indicating signs of recovery Accordingly, we expect that  the USDJPY will  target level of  107.85 again, which we expect to break to…More

GBPUSD Technical analysis 23 April 2018

10:30 pm 2018-04-22

  Time frame Used - four hours The GBPUSD is moving in a bearish direction in the near term The selling pressure was able to push the pairs of GBPUSD  to retreat and break the lower boundary  of the up channel downside  to reach the level of 1.3982 forming a  positive candlestick pattern  In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators to the oversold area and the start of the recovery of indicatorsMore

EURUSD Technical analysis 23 April 2018

10:28 pm 2018-04-22

  Time frame Used - four hours The EURUSD is moving in a bearish direction in the near term The selling force  managed to control the movement of the EURUSD to break the level of 1.2314 to reach support level 1.2258 component positive candlestick pattern In view of the technical indicators Both the RSI and Stochastic are indicating  to weakness of the  indicators  Accordingly, we expect that  the EURUSD will  test levels of  1.2314-1.2340 and then to drop again to target level of  1.2258…More

USDJPY Technical analysis 20 April 2018

04:57 am 2018-04-20

  Time frame Used - four hours The USDJPY is moving in a sideway in the near-term  The purchasing power managed to control the USDJPY movement from breaching level of  107.46 to the upside forming a higher bottom than the previous bottom as the USDJPY is still trading above the uptrend line  In view of the technical indicators Both the RSI and the RSI are indicating signs of recovery Accordingly, we expect that  the USDJPY will  target level of  107.85 again, which…More

GBPUSD Technical analysis 20 April 2018

04:42 am 2018-04-20

  Time frame Used - four hours The GBPUSD is moving in a bearish direction in the near term The selling pressure was able to push the GBPUSD back to break through the lower  boundary of the up channel downside to reach level of 1.4066  In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area Therefore, we expect that  the GBPUSD will  test levels of  1.4136 -…More

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