Partner Of Newforex.com: Daily Technical Analysis For The Majors (10 Pair Forex)

[Serge Barinov]

Forecast EUR/USD for Friday 26 May 2015

Support 1: 1.0954

Support 2: 1.0932

Resistance 1: 1.1005

Resistance 2: 1.1032

It may meet resistance in 1.0977 - 1.0982 zone for a drift down to 1.0954 zone, after which bounce to 1.1005 is anticipated.

Forecast USD/JPY for Friday 26 May 2015

Support 1: 121.41

Support 2: 121.27

Resistance 1: 121.74

Resistance 2: 121.92

Our preferred view is for a drift down to 121.41 or below 121.27. Resistances is at 121.46. A rise above 121.74 would delay but not abort this expected fall.

Forecast for GBP/USD Friday 26 May 2015

Support 1: 1.5449

Support 2: 1.5428

Resistance 1: 1.5500

Resistance 2: 1.5530

It may meet resistance in 1.5471 - 1.5479 zone for a drift down to 1.5449 zone, after which bounce to 1.5500 is anticipated.

Forecast USD/CHF for Friday 26 May 2015

Support 1: 0.9417

Support 2: 0.9386

Resistance 1: 0.9468

Resistance 2: 0.9488

Currently uptrend should end around 0.9472 - 0.9468 area. A correction down to below 0.9417 is expected. A rise above 0.9488 will abort the expected correction.

[Serge Barinov]

Forecast EUR/USD for Friday 27 May 2015

Support 1: 1.0832

Support 2: 1.0788

Resistance 1: 1.0950

Resistance 2: 1.1025

No comments available

Forecast USD/JPY for Friday 27 May 2015

Support 1: 121.97

Support 2: 120.84

Resistance 1: 123.77

Resistance 2: 124.45

Uptrend is still intact in a triangle configuration. It should continue to rally to 123.80 or 123.77 if support around 122.64 hold. After which a pullback to 122.64 - 122.31 zone is possible.

Forecast for GBP/USD Friday 27 May 2015

Support 1: 1.5334

Support 2: 1.5284

Resistance 1: 1.5455

Resistance 2: 1.5526

It looks set to visit further lower territory down to around 1.5369 - 1.5334. Its corrective attempts should fail ahead of 1.5430 - 1.5455. Stop loss above 1.5526 zone.

Forecast USD/CHF for Friday 27 May 2015

Support 1: 0.9476

Support 2: 0.9418

Resistance 1: 0.9565

Resistance 2: 0.9595

Currently uptrend should end around 0.9570 - 0.9565 area. A correction down to below 0.9476 is expected. A rise above 0.9595 will abort the expected correction.

[Serge Barinov]

Forecast EUR/USD for Friday 28 May 2015

Support 1: 1.0839

Support 2: 1.0775

Resistance 1: 1.0949

Resistance 2: 1.0994

Market should hold major support at 1.0815 before rising towards 1.0949 or even 1.0994 limit.

Forecast USD/JPY for Friday 28 May 2015

Support 1: 122.92

Support 2: 122.20

Resistance 1: 124.21

Resistance 2: 124.79

One move lower to 122.92 or 122.20 is anticipated while below 123.85 - 124.21 area.

Forecast for GBP/USD Friday 28 May 2015

Support 1: 1.5291

Support 2: 1.5228

Resistance 1: 1.5427

Resistance 2: 1.5500

One more dip to 1.5327 - 1.5291 is likely followed by a grind higher to 1.5395 - 1.5427. After which it can resume its downtrend.

Forecast USD/CHF for Friday 28 May 2015

Support 1: 0.9461

Support 2: 0.9426

Resistance 1: 0.9536

Resistance 2: 0.9578

It looks more likely that it would rise to 0.9536 - 0.9578 from 0.9481 or 0.9461. After which a downside move is expected.

[Serge Barinov]

Forex News from New Forex: Technical analysis of EUR/USD

The negotiations of Greek and European authorities are not completed. Therefore this market is poorly predictable. In accordance with 25 daily Moving Average trend is bearish. The trend will stay bearish for a long time period. The index OB/OS is neutral. The price 1.1143 is a firm support level with resistance at 1.1214.However, the formation of the upward trend in the medium and short term is possibly . That is confirmed by the MACD indicator.

Forex News from New Forex: Technical analysis of GBP/USD

The pair has a neutral range today with support at 1.5667 (Wednesday min) and resistance at 1.5757. In case it manages to pass through this level successfully, the market will test resistance at 1.5990. In the end of last trading session the market has formed a bullish candle, so we may see Sterling in the area of strong resistance at 1.5929 (max june 18). But this scenario has not much ground, unless with help of fundamental factors.

Forex News from New Forex: Technical analysis of XAU/USD

The market is characterized by downtrend for a long time period. A strong resistance is at $1169 per troy oz. Therefore, long positions seem to be more successful when the price rebound from the $1169 per troy oz and with profit gains at $1175 and further at $1177 price levels. A short positions are possible when the market reaches $1206 aria (this is a strong resistance level).

[Serge Barinov]

Forex News from New Forex: Technical analysis of USD/CHF

Starting from the Asian session the trades have a bearish sentiment. Today the level of support is at 0.9242 US dollars for the Swiss franc. If this level is breached, the market might go to 0.9149 and 0.9071. Otherwise, the market will bump into resistance at 0.9428 and further at 0.9501, 0.9543.

Forex News from New Forex: Technical analysis of NZD/USD

In the four-hour timeframe the kiwi tests its support at 0.6818 and up to now it has been doing it quite successfully. The trend has a clear bearish sentiment with some pullbacks to the resistance at 0.6841, 0.6853 and 0.6881. However, the strongest level of resistance is still 0.6923 kiwi for the US dollar. Oscillators as well as trend indicators point to the prolongation of the bearish sentiment in the market.

[Serge Barinov]

Forex News from New Forex: Technical analysis of AUD/USD

In the Asian trading a bearish sentiment prevails in the pair AUD/USD with the support at 0.7630, 0.7615 and 0.7597. The levels of resistance are seen at 0.7760, 07780 and 0.7800. A 25-day moving average indicates that the market will continue its downward trend keeping a strong level of support at 0.7597 (a low of June 1). This important barrier might be overcome only with the help of strong fundamental factors without which there has only been a testing of this level for several weeks and nothing more.

[fxapex]

EURUSD has been a bit high after struggling a bit, the pair seems to be very positive, although there is a volatility in the course.

[Serge Barinov]

Forex News from New Forex: Technical analysis of USD/JPY

In the Asian trading today the US dollar has pared earlier losses against the Japanese yen. The market tests the immediate resistance at 122.72, the level of support is seen at 121.93. In the mid-run according to the moving average, the trend is characterized by the bullish sentiment. However, the possibility of the pullback to the level of support at 121.93 still exists. If the market breaches the resistance at 124.37, there might be a rise to 125.85.

Forex News from New Forex: Technical analysis of EUR/USD

The currency pair has a downward trend, in the 4-hour timeframe a bearish sentiment is seen with the support at 1.1112 and resistance at 1.1192. Trend indicators and oscillators point to the further decline of the market with the possible strong support at 1.1049.

Forex News from New Forex: Technical analysis of EUR/JPY

During the previous trading session the currency pair bumped into resistance at 137.7 and declined to support at 135.87, closing trades with the formation of a bearish candle in the upper part of the trading range, which implies the pullback to 138.11 (a high of Monday). Today trades have a slight bearish sentiment. In the short run the level of support will be seen at 135.26, 134.92 and 134.58, the level of resistance at 137.16, 137,5 and 137,84.