Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

EUR/USD - Market strategy can be a sell at the level 1.5435

Technical oscillators support the bearish trend for the currency pair

To support our analysis we will see MACD (Moving Average Convergence Divergence); we see that the selling pressure is gaining traction and that the signal line is crossing the long EMA line down in a downward direction and crossed the zero line down, which can reflect a negative trend. RSI give us the power of the market; it tells us that the strength of the market is on a bearish direction, which may represent a selling signal.

USD/JPY Daily Technical Reports

USD/JPY - Market Strategy can be a buy at the level 103.49

Technical oscillators support the bullish trend for the currency pair

To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the buying pressure is still gaining traction; also we notice the signal line crossed the long EMA line up and both are in an upward trend, pointing to cross the zero line up, which may represent a buying signal. RSI gives us the power of the market; the line is in a bullish direction. Prices are getting close of the up Bollinger band, which may reveal a slight overbought.

GBP/USD Daily Technical Reports

GBP/USD - Market strategy can be a buy at the level 1.9473

Data shows mixed directions, but I prefer to follow the bullish trend

To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the selling pressure is losing traction; also we notice that the signal line is pointing to cross the long EMA line up, revealing an upward trend. RSI (Relative strength Index) line is still in a bullish direction. Also, there are two bottoms up leading to a buying trend, according to Bollinger.

USD/CHF Daily Technical Reports

USD/CHF - Market strategy can be a buy at the level 1.0440

Data shows mixed directions, but I prefer to follow the bullish trend

To support our analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the buying pressure is gaining traction; also we notice the signal line crossed the long EMA up and both are pointing to cross the zero line up, revealing an upward tendency. RSI (Relative Strength Index) line reveals us an upward trend, pointing to overbought levels. Prices are getting close of the up Bollinger band, which may reveal a slight overbought.

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Disclaimer: FINOTEC Tradings Market Commentaries are provided for informational purposes only. The information contained within these reports is gathered from reputable news sources and not intended as investment advice. FINOTEC Trading assumes no responsibility or liability from gains or losses incurred by the information herein.