Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

EUR/USD - Market strategy can be a buy at the level 1.5463

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

To support our analysis we will see MACD (Moving Average Convergence Divergence); we see that data don't reveal a clear sign. The selling pressure is very weak, with moving averages above the zero line, which may indicate a bullish trend. RSI give us the power of the market; it tells us that the strength of the market is on a bullish direction, which may represent a buying signal. Bollinger bands are getting thinner and we see the prices start to correct up from the lower Bollinger band.

USD/JPY Daily Technical Reports

USD/JPY - Market Strategy can be a sell at the level 105.03

Technical oscillators support the bearish 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 losing all traction; also we notice the signal line crossed the long EMA line down and both are in a downward trend, pointing to cross the zero line down, which may represent a selling signal. RSI gives us the power of the market; the line is in a bearish direction. Prices touched the up Bollinger band, which may reveal an overbought.

GBP/USD Daily Technical Reports

GBP/USD - Market strategy can be a buy at the level 1.9447

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 gaining traction; also we notice that the signal line crossed the long EMA line up, revealing an upward trend. RSI (Relative strength Index) line is still in a bullish direction.

USD/CHF Daily Technical Reports

USD/CHF - Market strategy can be a sell at the level 1.0574

Technical oscillators support the bearish trend for the currency pair

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

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