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Analysis

Our latest Analysis/Trade Ideas for the Major FX Pairs for the week ahead.

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Latest Chart Analysis/Trade Ideas – Week Beginning 16th May 2016


EUR/USD

The EUR/USD is showing signs of indecision at the Support area (1.1315) area, if we see a good indication to buy and it yields a good risk to reward, we are buyers.


GBP/USD

The GBP/USD has broken through the Support Area (1.4400), but only slightly. As price is at a S/R Area we need to await for further price action to see what to do next.


AUD/USD

The AUD/USD did exactly what we expected last week, it continued down to the next Support Area (0.7330). It has broken through the Support Area and retraced, using the area as Resistance. 


USD/JPY

The USD/JPY is currently in between our support (108.10) and our resistance (111.40), we will wait for price to reach our resistance area and look for indecision.

As always our analysis is not intended to be definitive, please use your due diligence before entering any trades.


 – More from this category:


Forex Weekly Analysis – 23rd May 2016

EUR/USD The EUR/USD is currently at our support area (1.1180), and there seems to be a potential for breaking through this area. We wait for Price Action to show us who is in control of price. [...]

By |May 23rd, 2016|

Forex Weekly Analysis – 16th May 2016

EUR/USD The EUR/USD is showing signs of indecision at the Support area (1.1315) area, if we see a good indication to buy and it yields a good risk to reward, we are buyers. [...]

By |May 16th, 2016|

Forex Weekly Analysis – 9th May 2016

EUR/USD The EUR/USD has broken through our Resistance Area (1.1450) and retraced to use the same area as Support. There does seem to be strong bearish sentiment at the moment, especially with the emergence [...]

By |May 9th, 2016|

Forex Weekly Analysis – 2nd May 2016

EUR/USD The EUR/USD broke through our Resistance area (1.1450) and we now expect it to be used as support, the market seems to favour breaks and continuations at the moment. We will keep an [...]

By |May 2nd, 2016|

Forex Weekly Analysis – 25th April 2016

EUR/USD The EUR/USD is currently in between our support (1.1180) and resistance (1.1315) areas, we expect price to continue its move down to support at which point we will look for indecision and a possible [...]

By |April 25th, 2016|

Forex Weekly Analysis – 28th March 2016

EUR/USD The EUR/USD is currently in our support area (1.1170), and seems to be struggling to break either way at the moment. We do expect it to potentially move up from here to the [...]

By |March 28th, 2016|


Trading CFDs, Spread Bets and Foreign Exchange carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for everyone. Ensure you fully understand the risks involved and seek independent advice if necessary.

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