Technical Analysis

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May 20, 2024

Chart EUR/CHF Update: Fresh high approaching the 0.9900 Fibonacci level
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May 20, 2024 7:56 AM UTC

Still stretching and break above the .9835/50 high see the .9900 level now within reach

Chart EUR/GBP Update: Consolidating at .8550 support, scope for break
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May 20, 2024 7:29 AM UTC

Turned up from the .8550 congestion to consolidate losses from the .8620 high 

Chart USD/CAD Update: Consolidating at 1.3590 support, scope for break
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May 20, 2024 6:38 AM UTC

Little change, as prices remains in consolidation above strong support at the 1.3590 Fibonacci retracement

Chart USD/CHF Update: Extending bounce from the .9000 congestion
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May 20, 2024 6:02 AM UTC

Rebound at the .9000 congestion see pressure returning to the .9100 level as prices retrace losses from the .9224, 1st May YTD high

Chart USD/CNH Update: Extending gains, scope to 7.2470/7.2500 resistance
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May 20, 2024 4:42 AM UTC

Break above resistance at the 7.2340 high of February extending gains from the 7.2040 low of last week

Chart USD/IDR Updates: Consolidating, bounce seen limited
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May 20, 2024 3:04 AM UTC

Steadied at the 15914 low and bounce here see prices consolidating losses from the 16132 high 

Chart USD/THB Update: Weighing on the 36.04 Fibonacci level
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May 20, 2024 2:57 AM UTC

 Still heavy and consolidation above the 36.04, 38.2% Fibonacci retracement level, see risk for break to further extend losses from the May YTD high at 37.25

Chart USD/KRW Update: Room to extend corrective bounce from 1343.00 support
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May 20, 2024 2:38 AM UTC

 Higher in consolidation from the 1343.00 support and regaining the 1350.00 level opens up stronger bounce

Chart USD/SGD Update: Limited corrective bounce from 1.3420 low
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May 20, 2024 2:28 AM UTC

Turned up from the 1.3415 support to consolidate at the 1.3450 congestion 

Chart USD Index DXY Update: Turned up in consolidation from the 104.25/00 support
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May 20, 2024 2:12 AM UTC

Turned up from the 104.25/00 support area to consolidate at the 104.50 congestion

Chart GBP/USD Update: Consolidating at the 1.2700/10 resistance
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May 20, 2024 1:47 AM UTC

Pressuring the 1.2700/10 resistance but overbought intraday studies keeping gains in check

Chart EUR/USD Update: Extending consolidation below 1.0900 level
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May 20, 2024 1:12 AM UTC

Remains in consolidation below the 1.0900 level 

Chart EUR/JPY Update: Extending gains, room to 170.00 level
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May 20, 2024 12:56 AM UTC

Extending rebound from the 167.33 low to retest the 169.40 resistance

Chart USD/JPY Update: Remains in consolidation below 156.00 level
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May 20, 2024 12:37 AM UTC

Little change, as prices extend consolidation below the 156.00 level

Chart AUD/USD Update: Pressuring .6700/15 resistance, scope for break
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May 20, 2024 12:08 AM UTC

Pressure remains on the upside following bounce from the .6650 support 

May 17, 2024

Chart USD/MXN Update: Under pressure
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May 17, 2024 3:23 PM UTC

Cautious trade is giving way to a drift lower

Chart USD/CAD Update: Balanced at 1.3590/00 - studies leaning lower
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May 17, 2024 3:14 PM UTC

Still little change

Chart AUD/USD Update: Positive background studies to limit downside tests
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May 17, 2024 1:46 PM UTC

The anticipated test of support within the 0.6650/68 area is giving way to fresh consolidation

Chart EUR/JPY Update: Further gains to remain limited
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May 17, 2024 1:40 PM UTC

Little change, as prices extend cautious trade beneath resistance at the 169.39 weekly high of 26 April

Chart USD/JPY Update: Further gains to remain limited
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May 17, 2024 1:30 PM UTC

Intraday gains have met anticipated selling interest just beneath congestion resistance at 156.00

Chart USD Index DXY Update: Gains to remain limited
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May 17, 2024 1:15 PM UTC

Cautious trade around 104.50 has given way to a break to 104.80

Chart USD/TRY Update: Extending consolidation - background studies under pressure
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May 17, 2024 12:14 PM UTC

Little change, as prices extend cautious trade beneath resistance at the 32.4000 break level

Chart USD/RUB Update: Consolidating - background studies leaning lower
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May 17, 2024 11:39 AM UTC

Little change, as flattening oversold daily stochastics prompt further cautious trade around congestion support at 91.0000

Chart EUR/PLN Update: Further consolidation - background studies under pressure
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May 17, 2024 11:16 AM UTC

Still little change, as rising intraday studies and flattening oversold daily stochastics keep near-term sentiment cautious

Chart USD/ZAR Update: Limited corrective gains - background studies remain under pressure
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May 17, 2024 10:57 AM UTC

The break below 18.2500 has met buying interest just above critical support at 18.1000/70

Chart EUR/CAD Update: Consolidating gains - background studies remain positive
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May 17, 2024 10:27 AM UTC

Little change, as prices extend cautious trade following the test of resistance at the 1.4820 Fibonacci retracement

Chart EUR/CHF Update: Fresh 2024 highs - strong resistance at the 0.9900 Fibonacci retracement
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May 17, 2024 8:28 AM UTC

Cautious trade has given way to a fresh break to 2024 highs

Chart USD/CHF Update: Limited tests higher
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May 17, 2024 8:06 AM UTC

The test of support at 0.9000 and the 0.8980 Fibonacci retracement has given way to a minor bounce

Chart EUR/GBP Update: Limited downside tests
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May 17, 2024 7:47 AM UTC

Still little change, as mixed intraday studies keep near-term sentiment cautious

Chart EUR/USD Update: Consolidating - background studies continue to rise
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May 17, 2024 7:38 AM UTC

Little change, as falling intraday studies and a tick lower in overbought daily stochastics extend cautious trade beneath congestion resistance at 1.0900

Chart GBP/USD Update: Consolidating - potential for a later test above 1.2700
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May 17, 2024 7:30 AM UTC

Little change, as falling intraday studies keep near-term sentiment cautious

Chart GBP/JPY Update: Extending gains to the 197.40/198.00 resistance
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May 17, 2024 7:15 AM UTC

 Rebound at the 195.00 level see pressure returning to the upside to extend gains from the 191.30 low

Chart AUD/JPY Update: Remains in consolidation below 104.00 high
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May 17, 2024 6:53 AM UTC

Bounce from the 102.80 low see pressure returning to the 104.00 high 

Chart EUR/AUD Update: Choppy in consolidation above the 1.6218 low
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May 17, 2024 6:18 AM UTC

Little change, as prices extend consolidation above the 1.6218 low

Chart AUD/NZD Update: Under pressure, 1.0900 level at risk
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May 17, 2024 6:06 AM UTC

Break of the 1.0950 support extending the broader losses from the 1.1030 YTD high to reach the 1.0900 level

Chart USD/INR Update: Still supported above 83.4425/83.4000 area
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May 17, 2024 5:06 AM UTC

Leaning lower from the 83.5350 high but the downside still limited

Chart USD/CNH Update: Extending bounce from 7.2040 low
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May 17, 2024 4:16 AM UTC

Bounce from the 7.2040 low through the 7.2200 level see pressure returning to the 7.2340 high of February

Chart USD/IDR Updates: Consolidating losses to the 15914 low
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May 17, 2024 3:07 AM UTC

Steadied at the 15914 low and bounce there see prices consolidating losses from the 16132 high

Chart USD/THB Update: Corrective bounce from 36.04 Fibonacci level
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May 17, 2024 2:57 AM UTC

 Turned up from test of the 36.04, 38.2% Fibonacci retracement level

Chart USD/KRW Update: Extending bounce from 1343.00 support
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May 17, 2024 2:25 AM UTC

Extending bounce from the 1343.00 support and regaining the 1350.00 level opens up stronger bounce 

Chart USD/SGD Update: Extending corrective bounce from 1.3420 low
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May 17, 2024 2:09 AM UTC

Losses through the 1.3450 support saw deeper pullback checked ahead of the 1.3415, 50% Fibonacci level

Chart GBP/USD Update: Lower in consolidation from the 1.2700/10 resistance
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May 17, 2024 1:52 AM UTC

Settled back from test of the 1.2700/10 resistance

Chart EUR/USD Update: Lower in consolidation below 1.0900 level
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May 17, 2024 1:44 AM UTC

Turned lower in consolidation below the 1.0900 level as prices unwind the overbought intraday studies

Chart EUR/JPY Update: Rebound return focus to 169.40 resistance
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May 17, 2024 1:31 AM UTC

Extending rebound from the 167.33 low to regain the 168.00 level to return focus to the 169.40 resistance

Chart USD/JPY Update: Turned up in consolidation from 153.60 low
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May 17, 2024 12:59 AM UTC

Limited on break of the 154.00 level with bounce at the 153.60 low retracing pullback from the 156.78 high

Chart NZD/USD Update: Paused at the .6135/50 congestion area
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May 17, 2024 12:40 AM UTC

Settled back in consolidation from test of the .6135/50 congestion area

Chart AUD/USD Update: Consolidating below .6700 level, room for higher later
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May 17, 2024 12:11 AM UTC

No follow-through on break above the .6700 level as prices settled back in consolidation from the .6714 high

May 16, 2024

Chart USD/CAD Update: Consolidating test of 1.3590/00 - studies leaning lower
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May 16, 2024 3:37 PM UTC

Little change, as unwinding oversold intraday studies and flattening oversold daily stochastics turn near-term sentiment cautious

Chart AUD/USD Update: Meeting sellers above 0.6700 - downside to remain limited
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May 16, 2024 1:40 PM UTC

Anticipated gains have met selling interest just above congestion around 0.6700

Chart EUR/JPY Update: Limited tests higher
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May 16, 2024 1:30 PM UTC

The break below 168.00 has bounced smartly from congestion support at 167.00