Technical Analysis

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May 16, 2024

Chart EUR/USD Update: Strong resistance at the 1.0930 Fibonacci retracement
Paying Article

May 16, 2024 7:42 AM UTC

Anticipated gains have reached congestion resistance at 1.0900

Chart GBP/USD Update: Strong resistance at the 1.2755 Fibonacci retracement
Freemium Article

May 16, 2024 7:29 AM UTC

Late-April gains have reached congestion resistance at 1.2700

Chart GBP/JPY Update: Room for deeper pullback from 197.05, Fibonacci level
Paying Article

May 16, 2024 7:26 AM UTC

Settling back from test of the 197.00/05 level and 61.8% Fibonacci retracement as prices unwind overbought intraday studies

Chart AUD/JPY Update: Lower in consolidation from the 104.00 high
Paying Article

May 16, 2024 7:12 AM UTC

Extending pullback from the 104.00 high as prices unwind the overbought intraday and daily studies

Chart EUR/AUD Update: Lower in consolidation, 1.6218 low at risk
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May 16, 2024 6:59 AM UTC

 Shallow bounce from the 1.6218 low has given way to selling pressure to threaten the latter

Chart AUD/NZD Update: Extending pullback from the 1.1030 high
Paying Article

May 16, 2024 6:38 AM UTC

Consolidation above the 1.0950 support has given way to break to extend losses from the 1.1030 YTD high

Chart USD/TWD Update: Consolidating, but room to extend losses from April YTD high
Paying Article

May 16, 2024 6:24 AM UTC

Consolidating at the 32.040 low as prices unwind the oversold intraday studies

Chart USD/MYR Update: Within reach of 4.6720, March low
Paying Article

May 16, 2024 5:57 AM UTC

Break of the 4.7000 level further extend sharp losses towards the 4.6720, March low

Chart USD/INR Update: Room for deeper pullback from 83.5350 high
Paying Article

May 16, 2024 5:02 AM UTC

 Leaning lower from the 83.5350 high as prices unwind the overbought daily and weekly studies

Chart USD/CNH Update: Poised for retest of 7.2000 support
Paying Article

May 16, 2024 3:54 AM UTC

Extending pullback from the 7.2470 high and break of the 7.2200 support see the 7.2000 level now within reach

Chart USD/IDR Updates: Extending losses from the April high
Paying Article

May 16, 2024 3:41 AM UTC

Gapped lower at the open through the 16000/15979 support to extend losses from the 16284, April YTD high

Chart USD/THB Update: Weighing on 36.20 support, break in focus
Paying Article

May 16, 2024 3:23 AM UTC

Sharply lower to extend break of the 36.50 support to reach strong support at 36.24/36.20 area

Chart USD/KRW Update: Extending losses from the 1400.00 high
Paying Article

May 16, 2024 2:59 AM UTC

Extending pullback from the Monday's 1373.00 high to reach the 1350.00/1347.00 support

Chart USD/SGD Update: Consolidating above 1.3415 Fibonacci level, room for lower
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May 16, 2024 2:21 AM UTC

Sharply lower on break of the 1.3500 level with follow-through to break the 1.3450/38 area reaching towards 1.3415, 50% Fibonacci retracement

Chart GBP/USD Update: Consolidating test of 1.2700 level, scope for break later
Paying Article

May 16, 2024 1:59 AM UTC

Rally through the 1.2600/35 resistance extending gains from the April YTD low to reach the 1.2700/10 resistance

Chart EUR/USD Update: Consolidating below 1.0900 level, room for break later
Paying Article

May 16, 2024 1:39 AM UTC

Sharply higher to extend break of the 1.0800/12 resistance 

Chart EUR/JPY Update: Sharply lower to extend rejection from the 169.40 resistance
Paying Article

May 16, 2024 1:22 AM UTC

Sharply lower to extend rejection from the 169.40 resistance and break of the 168.00 has seen losses to the 167.40 support

Chart USD/JPY Update: Under pressure, room to 153.00 next but focus return to 152.00/151.85
Paying Article

May 16, 2024 12:58 AM UTC

Sharply lower after correcting close to 61.8% of the April/May losses at 156.78 high

Chart NZD/USD Update: Sharply higher to extend break of .6050 resistance
Paying Article

May 16, 2024 12:38 AM UTC

Break of the .6050 resistance has seen strong run-up through the .6100/10 level and the 50% Fibonacci retracement

Chart AUD/USD Update: Extending gains, room to .6750 next
Paying Article

May 16, 2024 12:19 AM UTC

Break of the .6650 resistance and the March high at .6668 extending rally from the April YTD low to reach the .6700 level

May 15, 2024

Chart GBP/USD Update: Extending gains
Freemium Article

May 15, 2024 3:40 PM UTC

Anticipated gains have reached strong resistance at the 1.2665 Fibonacci retracement

Chart USD/CAD Update: Under pressure
Freemium Article

May 15, 2024 3:29 PM UTC

Cautious trade has given way to the anticipated break lower in both USD- and CAD-driven trade

Chart AUD/USD Update: Pressuring critical resistance - studies improving
Paying Article

May 15, 2024 1:14 PM UTC

Cautious trade has given way to the anticipated test of critical resistance within the 0.6650 - 0.6668/75 area

Chart EUR/JPY Update: Gains giving way to choppy trade
Paying Article

May 15, 2024 1:06 PM UTC

The test of resistance at the 169.39 weekly high of 26 April has given way to a sharp pullback 

Chart USD/JPY Update: Leaning lower in both USD- and JPY-driven trade
Paying Article

May 15, 2024 12:53 PM UTC

Cautious trade has given way to a sharp USD- and JPY-driven pullback

Chart USD Index DXY Update: Under pressure
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May 15, 2024 12:43 PM UTC

Cautious trade around 105.00 has given way to the anticipated break lower to 104.50

Chart USD/RUB Update: Further consolidation - studies under pressure
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May 15, 2024 11:10 AM UTC

Little change, as prices extend choppy trade above congestion support at 91.0000

Chart EUR/PLN Update: Lower towards February 2020 lows
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May 15, 2024 10:49 AM UTC

The anticipated break below the 4.2750 Fibonacci retracement has reached 4.2600

Chart USD/ZAR Update: Consolidating - background studies under pressure
Paying Article

May 15, 2024 10:22 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

Chart EUR/CAD Update: Balanced beneath 2024 highs - background studies improving
Paying Article

May 15, 2024 10:03 AM UTC

The anticipated test of critical resistance at 1.4780/87 is giving way to consolidation within 1.4750/80~

Chart EUR/CHF Update: Consolidating - potential for a fresh test higher
Paying Article

May 15, 2024 8:15 AM UTC

Little change, as prices extend cautious trade around congestion resistance at 0.9800

Chart USD/CHF Update: Lower in range - background studies under pressure
Freemium Article

May 15, 2024 8:05 AM UTC

Cautious trade is giving way to a test lower

Chart EUR/GBP Update: Extending choppy trade - background studies improving
Paying Article

May 15, 2024 7:58 AM UTC

The break above congestion resistance at 0.8600 has not been sustained

Chart EUR/USD Update: Room for higher in the coming sessions
Paying Article

May 15, 2024 7:38 AM UTC

Cautious trade around 1.0800 has given way to the anticipated break

Chart GBP/USD Update: Poised for further gains
Freemium Article

May 15, 2024 7:28 AM UTC

Anticipated tests higher have reached strong resistance at 1.2600

Chart EUR/SEK Update: Lower in choppy trade from the 11.7700 high
Paying Article

May 15, 2024 7:26 AM UTC

Leaning lower in choppy trade from the 11.7700 April YTD high

Chart EUR/AUD Update: Leaning lower from the 1.6365/1.6400 resistance
Paying Article

May 15, 2024 6:55 AM UTC

Leaning lower in consolidation after bounce attempt was checked at the 1.6365/1.6400 resistance

Chart GBP/JPY Update: Extending gains, but stretched
Paying Article

May 15, 2024 6:43 AM UTC

Pressure remains on the upside with gains reaching the 197.00 level and 61.8% Fibonacci retracement

Chart AUD/JPY Update: Consolidating test of the 104.00 figure
Paying Article

May 15, 2024 6:21 AM UTC

Sharply higher and break above the 103.48 resistance has seen extension to reach the 104.00 figure

Chart USD/MYR Update: Extending sharp losses
Paying Article

May 15, 2024 5:34 AM UTC

Break of the 4.7200 congestion further extend steep losses from the 4.7930, April high

Chart USD/INR Update: Limited on pullback from the 83.5350 high
Paying Article

May 15, 2024 4:57 AM UTC

Lower in consolidation from the 83.5350 high as prices unwind the overbought intraday studies

Chart USD/CNH Update: Extending rejection from the 7.2470 high
Paying Article

May 15, 2024 3:50 AM UTC

Break above the 7.2340/7.2415 resistance saw gains stalling at the 7.2470 high

Chart USD/IDR Updates: Extending consolidation below the 16100/16139 resistance
Paying Article

May 15, 2024 2:51 AM UTC

Limited on bounce attempt and failure to sustain break of the 16100/16139 resistance keeps pressure on the downside

Chart USD/THB Update: Consolidating at 36.50 support, lower later
Paying Article

May 15, 2024 2:39 AM UTC

Pause at the 36.67 low has given way to selling pressure to extend losses from the 37.03 high of last week

Chart USD/KRW Update: Extending pullback from the 1373.00 high
Paying Article

May 15, 2024 2:20 AM UTC

Extending pullback from the Monday's 1373.00 high to pressure the 1363.00/1360.00 support

Chart USD/SGD Update: Under pressure, focus return to 1.3500, 1.3450 support
Paying Article

May 15, 2024 2:07 AM UTC

Consolidation below the 1.3578 resistance has given way to selling pressure to break the 1.3525 support

Chart GBP/USD Update: Extending gains, focus on 1.2600, 1.2635
Paying Article

May 15, 2024 1:47 AM UTC

Extending bounce from the 1.2445 low of last week and break above the 1.2570 resistance see scope to target the 1.2600 level 

Chart EUR/USD Update: Extending gains, higher see room to 1.0870/85
Paying Article

May 15, 2024 1:34 AM UTC

Break above the 1.0800/12 area extending the broader gains from the April YTD low to reach channel resistance from the late-December high

Chart EUR/JPY Update: Consolidating below the 169.40 resistance
Paying Article

May 15, 2024 1:02 AM UTC

Break above the 168.00 level has seen gains to approach resistance at the 169.40, high of 26 April

Chart USD/JPY Update: Extending gains to the 157.00, 61.8% Fibonacci level
Paying Article

May 15, 2024 12:47 AM UTC

Break above the 156.00 level extending gains from the 152.00 low and see scope to target the 157.00 level