Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

RSI levels are strong and we've had a break past the zero line. The middle Bollinger band provided some resistance for prices but we've had a few breakthroughs as prices now flirt with the upper Bollinger band. MACD 12 & 26 had a bullish cross below the zero line. Market strategy is to buy a bounce near $1.5674.

USD/JPY Daily Technical Reports

cRSI has since levelled out near 42% but is gaining a downward trend. MACD 12 & 26 had a flat cross and is making its way below the zero line. Prices trended along the upper Bollinger band before bouncing off the upper band where it just had a recent breakthrough the middle. Prices are now flirting with the lower band. Market strategy is to buy a bounce near 99.03.

GBP/USD Daily Technical Reports

RSI has a positive trend as it makes a break past the 65% level and attacking the 70% line strongly. MACD 12 & 26 had a bullish cross below the zero line but is making ground past the zero line with a steeper gradient. Prices have made a break past the middle Bollinger band and trending along the upper Bollinger band. Market strategy is to buy a bounce near 2.0011.

USD/CHF Daily Technical Reports

MACD 12 & 26 had a bearish cross and now making their way towards the zero line. The middle Bollinger band was providing support for prices but we've had significant breakthroughs towards the lower Bollinger band and the bottom standard error channel. Negative SAR has kept a good distance from prices, indicating downward trends to follow. RSI levels are flat and testing the 30% line. Technical analysis shows sell a failure to break 1.0031.

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