Technical Analysis

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May 17, 2024

Chart USD/JPY Update: Turned up in consolidation from 153.60 low
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May 17, 2024 12:59 AM UTC

Limited on break of the 154.00 level with bounce at the 153.60 low retracing pullback from the 156.78 high

Chart NZD/USD Update: Paused at the .6135/50 congestion area
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May 17, 2024 12:40 AM UTC

Settled back in consolidation from test of the .6135/50 congestion area

Chart AUD/USD Update: Consolidating below .6700 level, room for higher later
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May 17, 2024 12:11 AM UTC

No follow-through on break above the .6700 level as prices settled back in consolidation from the .6714 high

May 16, 2024

Chart USD/CAD Update: Consolidating test of 1.3590/00 - studies leaning lower
Freemium Article

May 16, 2024 3:37 PM UTC

Little change, as unwinding oversold intraday studies and flattening oversold daily stochastics turn near-term sentiment cautious

Chart AUD/USD Update: Meeting sellers above 0.6700 - downside to remain limited
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May 16, 2024 1:40 PM UTC

Anticipated gains have met selling interest just above congestion around 0.6700

Chart EUR/JPY Update: Limited tests higher
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May 16, 2024 1:30 PM UTC

The break below 168.00 has bounced smartly from congestion support at 167.00

Chart USD/JPY Update: Smart bounce, but gains to remain limited
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May 16, 2024 1:18 PM UTC

The anticipated break below 155.00 has bounced smartly from congestion support at 154.00

Chart USD Index DXY Update: Limited gains from the 104.25 Fibonacci retracement
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May 16, 2024 1:05 PM UTC

Anticipated losses have reached support at the 104.25 Fibonacci retracement

Chart USD/RUB Update: Leaning lower
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May 16, 2024 11:44 AM UTC

The anticipated test below 91.0000 has bounced from congestion around 90.0000

Chart EUR/PLN Update: Consolidating - focus remains on February 2020 lows
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May 16, 2024 11:28 AM UTC

Little change, as rising intraday studies and flattening oversold daily stochastics keep near-term sentiment cautious

Chart USD/ZAR Update: Room for still lower
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May 16, 2024 10:53 AM UTC

Cautious trade has given way to a drift lower

Chart EUR/CAD Update: Fresh 2024 highs - pressuring resistance at the 1.4820 Fibonacci retracement
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May 16, 2024 10:19 AM UTC

Anticipated gains have extended to fresh 2024 highs

Chart EUR/CHF Update: Consolidation to give way to a test lower
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May 16, 2024 8:28 AM UTC

The test above congestion resistance has met selling interest around 0.9825

Chart USD/CHF Update: Pressuring 0.8980/00 - room for lower
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May 16, 2024 8:06 AM UTC

Anticipated losses have reached support at 0.9000 and the 0.8980 Fibonacci retracement

Chart EUR/GBP Update: Leaning lower, but downside to remain limited
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May 16, 2024 7:53 AM UTC

Little change, as choppy trade gives way to consolidation around congestion support at 0.8580

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