Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

EUR/USD - Market strategy can be a sell at the level 1.5592

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 selling pressure is gaining traction; also we notice that the signal line is crossing the long EMA line down and both are in a negative trend, revealing a bearish trend. Momentum line is in a bearish direction. Also, prices touched the up Bollinger band, which may indicate a slightly overbought.

USD/JPY Daily Technical Reports

USD/JPY - Market Strategy can be a buy at the level 106.50

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 buying pressure is still gaining traction; also we notice that the signal line crossed the long EMA line up, revealing an upward trend. Momentum gives us the power of the market; the line was in a bearish direction. Prices are close from the up Bollinger band, which may reveal a slightly overbought.

GBP/USD Daily Technical Reports

GBP/USD - Market strategy can be a sell at the level 1.9663

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 losing traction; also we notice that the signal line is pointing to cross the long EMA line and zero line down, revealing a downward trend. Momentum gives us the power of the market; the line is in a bearish direction and far from the oversold level. Also, prices are close from the up Bollinger band, which may reveal a negative trend.

USD/CHF Daily Technical Reports

USD/CHF - Market Strategy can be a buy at the level 1.0295

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 is pointing to cross the long EMA line up and both are in a positive trend, revealing an upward trend. Momentum gives us the power of the market; the line was in a bearish direction but looking for a rebound. Also, prices are close from the bottom Bollinger band, which may reveal a positive trend.

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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.