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Time now: Jun 1, 12:00 AM

EURUSD, GBPUSD Long Term Analysis

semalam eu mendekati 1.2800

harini forecast:
range high eu 1.3100 (resistance)
range low eu 1.2500 (support)
 
eu downtrend D1. boleh pegi bawah 1.26 dengan risk ke 1.29.
 
slalunya long term ni korang set brape SL utk tahan float? 500 cukup tak?

and seminggu tu dh boleh kata long term ke?
 
EUR/USD intraday: intraday support around 1.257.
Pivot: 1.257
Our preference: Long positions above 1.257 with targets @ 1.27 & 1.2725 in extension.
Alternative scenario: Below 1.257 look for further downside with 1.2515 & 1.2475 as targets.
Comments: The 1.257 congestion area favoured a recovery. Intraday indicators are reversing up calling for a limited rebound.

GBP/USD intraday: turning up.
Pivot: 1.455
Our preference: Long positions above 1.455 with targets @ 1.47 & 1.4765 in extension.
Alternative scenario: Below 1.455 look for further downside with 1.445 & 1.44 as targets.
Comment: the RSI has just broken above a bearish trend line.
 
Hi there,

Here are the updates of some common currency pairs.

EUR/USD closed lower on Tuesday due to profit taking as it consolidated some of Monday's rally but remains above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this fall's decline, weekly support crossing is the next downside target.

USD/JPY closed lower on Tuesday as it extends the decline off November's high. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning bullish hinting that a short-term bottom might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term bottom has been posted. If it extends the decline, October's low crossing is the next downside target.

GBP/USD closed lower on Tuesday as it consolidated some of Monday's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews this fall's decline, the 2001 low crossing is the next downside target.

USD/CHF closed higher on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews last month's rally, weekly resistance crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a short-term high has been posted.

Regards
 
EUR/USD Update :) long term analyst

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Just my two cents :) :p
 
GBP/USD intraday: rebound expected.
Pivot: 1.484
Our preference: Long positions above 1.484 with targets @ 1.506 & 1.5115 in extension.
Alternative scenario: Below 1.484 look for further downside with 1.4725 & 1.47 as targets.
Comment: The 1.484 strong support (congestion area & 61.8% retracement) is expected to favour a recovery.

EUR/USD intraday: intraday support around 1.33.
Pivot: 1.3300.
Our Preference: LONG positions above 1.33 with targets @ 1.3585 & 1.3635.
Alternative scenario: The downside penetration of 1.33 will call for 1.32 & 1.3165.
Comment: the 30-min RSI is posting a bullish divergence calling for a recovery.
Trend: ST Consolidation; MT Bearish
 

Live Forex Chart

Currency
Rates
EUR / USD
1.15456
USD / JPY
160.193
GBP / USD
1.33604
USD / CHF
0.79695
USD / CAD
1.39444
EUR / JPY
184.952
AUD / USD
0.70557
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