GBPUSD June 14, 2019 Weekly Analysis 

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14th June 2019


Technical Analysis  |  Christos Nikolaou

GBPUSD June 14, 2019 Weekly Analysis

The GBPUSD continues to be consolidated below the 1.2785 area with the closest target rate at 1.2661. A break below the 1.2661 level could possibly force the pair as low as 1.2600. In contrast, resistance is found at the 1.2785 and 1.2914 respectively. A break above the 1.2914 could possibly force the pair as high as 1.3222. The RSI(w) remains at the closed at the oversold territory. The CCI (w) at the oversold territory.

13th June 2019


Technical Analysis  |  Christos Nikolaou

EURGBP June 13, 2019 Weekly Analysis

The EURGBP remains stable at 0.8920 area with the closest target rate at 0.8935. A break above the 0.8935 level could possibly force the pair as high as 0.8957. In contrast, support is found at the 0.8842 (100 -week ma) and 0.8809 respectively. A break below the 0.8809 could possibly force the pair as low as 0.8776. The RSI (w) remains at the neutral territory. The CCI (w) at the overbought territory.

12th June 2019


Technical Analysis  |  Christos Nikolaou

EURUSD June 12, 2019 Weekly Analysis

The EURUSD remains in an uptrend mood (1.1215 trend line) with the closest target rate at 1.1347. A break above the 1.1347 level could possibly force the pair as high as 1.1551. In contrast, support is found at the 1.1274 and 1.1215 respectively. A break below the 1.1215 could possibly force the pair as low as 1.1174. The RSI (w) remains at the neutral territory. The CCI (w) remains closed at the overbought territory.

11th June 2019


Technical Analysis  |  Christos Nikolaou

EURJPY June 11, 2019 Weekly Analysis

The EURJPY remains in an uptrend mood (122.28 trend line) with the closest target rate at 124.44. A break above the 124.44 level could possibly force the pair as high as 125.45. In contrast, support is found at the 122.28 and 121.95 respectively. A break below the 121.95 could possibly force the pair as low as 121.30. The RSI (DAY) remains at the neutral territory. The CCI (DAY) remains closed at the overbought territory.

10th June 2019


Technical Analysis  |  Christos Nikolaou

AUDUSD June 10, 2019 Weekly Analysis

The AUDUSD remains in an uptrend mood (0.6940 trend line) with the closest target rate at 0.7051. A break above the 0.7051 level could possibly force the pair as high as 0.7112. In contrast, support is found at the 0.6940 and 0.6865 respectively. A break below the 0.6865 could possibly force the pair as low as 1.6857 (78.6% Fibo Retracement). The RSI (DAY) remains at the neutral territory. The CCI (day) remains closed at the overbought territory.

6th June 2019


Technical Analysis  |  Christos Nikolaou

GBPUSD June 6, 2019 Weekly Analysis

The GBPUSD remains in an uptrend mood (1.2560 trend line) with the closest target rate at 1.2736 (20-day ma). A break above the 1.2736 level could possibly force the pair as high as 1.2977. In contrast, support is found at the 1.2605 and 1.2560 respectively. A break below the 1.2560 could possibly force the pair as low as 1.2000 (Psychological). The RSI (DAY) remains at the neutral territory. The CCI (DAY) remains at the neutral territory.

4th June 2019


Technical Analysis  |  Christos Nikolaou

EURUSD June 4, 2019 Weekly Analysis

The EURUSD remains in an uptrend mood (1.1240 trend line) with the closest target rate at 1.1298. A break above the 1.1298 level could possibly force the pair as high as 1.1374. In contrast, support is found at the 1.1215 and 1.1130 respectively. A break below the 1.1130 could possibly force the pair as low as 1.1000 (Psychological). The RSI (DAY) remains at the neutral territory. The CCI (DAY) closed at the overbought territory.

31st May 2019


Technical Analysis  |  Christos Nikolaou

GBPUSD May 31, 2019 Weekly Analysis

The GBPUSD remains under pressure with the closest target rate at 1.2440 (December Low). A break below the 1.2440 level could possibly force the pair as low as 1.2380. In contrast, resistance is found at the 1.2865 and 1.2935 respectively. However, Sterling needs to regain the 20-day ma at 1.2804, it would indicate that it is ready to move towards at 1.2865 (confirm to stop the downside pressure). The RSI (DAY) remains at the oversold territory. The CCI (DAY) closed at the oversold territory.

29th May 2019


Technical Analysis  |  Christos Nikolaou

Sterling Outlook May 29, 2019

The British Pound was the worst-performing currency of the week after the resignation of Prime Minister Theresa May . This decision and the subsequent leadership fight within the Tories Party is increasing the uncertainty.

28th May 2019


Technical Analysis  |  Christos Nikolaou

EURJPY May 28, 2019 Weekly Analysis

The EUR/JPY remains above the 122.00 (May Low) but the chance of a break above 123.10 has increased. EUR/JPY, first support is found at the 122.20 and 121.50 respectively. A break below the 121.50 could possibly force the pair as low as 121.00.

27th May 2019


Technical Analysis  |  Christos Nikolaou

EU and US Economy Update May 27, 2019

US Economy • The US economy grew by 3.2% in the first quarter despite the difficult environment (global economy slowdown - trade conflicts). Federal Reserve said that the inflation remains below 2% while being patient with monetary policy.

24th May 2019


Technical Analysis  |  Christos Nikolaou

Sterling gains after PM May announces to step down

The Sterling will likely appreciate following PM May’s resignation on the 7th of June, with her replacement to be appointed in the interim likely to be Boris Johnson.

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