GBP up on hopes to avoid “no deal” Brexit; U of M consumer sentiment  - Weekly review: Trump, twitter, trade  - GBPJPY August 16, 2019 Weekly Analysis 

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16th August 2019


Technical Analysis  |  Christos Nikolaou

GBPJPY August 16, 2019 Weekly Analysis

The GBP/JPY remains undervalue and the probability of Markets reaction in the Long side has increased. The first support is found at the 127.08 and 126.74 respectively. If the price breaks below the 126.74 level it could possibly force the pair as low as 124.81 (Low October 2016). In contrast, resistance is found at the 129.98 and 132.17 respectively. A break above the 132.17 could possibly push the pair as high as 138.99. The RSI (W) and CCI (W) closed at the oversold territory.

14th August 2019


Technical Analysis  |  Christos Nikolaou

GBPUSD August 14, 2019 Weekly Analysis

The GBP remains undervalue and the probability of Markets reaction (Long side) has increased. The first support is found at the 1.1969 and 1.1978 respectively. If the price breaks below the 1.1978 level (BOE’s watch level) it could possibly force the pair as low as 1.1800. In contrast, resistance is found at the 1.2415 and 1.2780 respectively. A break above the 1.2780 could possibly push the pair as high as 1.3035. The RSI (W) and CCI (W) closed at the oversold territory.

13th August 2019


Technical Analysis  |  Christos Nikolaou

EURCHF August 13, 2019 Weekly Analysis

The CHF remains highly overvalued and the probability of Swiss National Bank intervention has increased. If the price breaks the 1.1014 level it could possibly force the pair as high as 1.1442 and 1.1600 respectively. In contrast, support is found at the 1.0850 and 1.0824 respectively. A break below the 1.0824 level could possibly force the pair as low as 1.0600. The RSI (W) and CCI (W) closed at the oversold territory.

12th August 2019


Technical Analysis  |  Christos Nikolaou

EURUSD August 12, 2019 Weekly Analysis

The EUR/USD remains undervalue at the 1.1200 area, but the probability of a break above 1.1300 has increased due to global turmoil and ECB policy. If the price breaks the 1.1227 level it could possibly force the pair as high as 1.1300 and 1.1364 respectively. In contrast, support is found at the 1.1096 and 1.1021 respectively. A break below the 1.1021 level could possibly force the pair as low as 1.0980. The RSI (W) and CCI (W) closed at the oversold territory.

24th July 2019


Technical Analysis  |  Christos Nikolaou

EURUSD July 24, 2019 Weekly Analysis

The EUR/USD remains stable at 1.1140/60 area, but the probability of a break above 1.1385 has increased (ECB). If the price breaks the 1.1213 level it could possibly force the pair as high as 1.1385 and 1.1553 respectively. In contrast, support is found at the 1.1134 and 1.1040 respectively. A break below the 1.1040 level could possibly force the pair as low as 1.0956. The RSI (W) at oversold territory. CCI (W) closed at oversold territory.

22nd July 2019


Technical Analysis  |  Christos Nikolaou

EURCHF July 22, 2019 Weekly Analysis

The EURCHF remains stable at 1.1020/30 area, but the probability of a break above 1.1104 has increased(SNB Fears for Intervene). If the price breaks the 1.1104 level it could possibly force the pair as high as 1.1177 and 1.1442 respectively. In contrast, support is found at the 1.1013 and 1.1000 respectively. A break below the 1.1000 level could possibly force the pair as low as 1.0815. The RSI (W) at oversold territory. CCI (W) closed at oversold territory.

18th July 2019


Technical Analysis  |  Christos Nikolaou

GBPJPY July 18, 2019 Weekly Analysis

The GBP/JPY remains defensive, but the probability of a break above the 135.12  level increased. If the price breaks the 135.12 zone it could possibly force the pair as high as 136.61 and 137.34. In contrast, support is found at the 133.80 and 133.00 respectively. A break below the 133.80 area could possibly force the pair as low as 131.70. The RSI (W) and the CCI (W) are close to the oversold territories.

9th July 2019


Technical Analysis  |  Christos Nikolaou

EURUSD July 9, 2019 Weekly Analysis

The EUR/USD remains defensive, but the probability of a break above the 1.1300 seems to have increased. If the price breaks the 1.1300 level it could possibly force the pair as high as 1.1342 and 1.1417 respectively. In contrast, support is found at the 1.1174 and 1.1133.

4th July 2019


Technical Analysis  |  Christos Nikolaou

USDCAD July 4, 2019 Weekly Analysis

The USDCAD remains of the defensive, but the chance of a break above 1.3174 has increased. USDCAD, first support is found at the 1.2993 and 1.2910 respectively. If the price breaks the 1.2910 level it could possibly force the pair as low as 1.2811. In contrast, resistance is found at the 1.3106 and 1.3174 respectively.

2nd July 2019


Technical Analysis  |  Christos Nikolaou

GBPUSD July 2, 2019 Weekly Analysis

The GBPUSD remains defensive, but the probability for a break above the 1.2776 increased. The first support is found at the 1.2594 and 1.2475 respectively. If the price breaks below the 1.2475 level it could possibly force the pair as low as 1.2420.

1st July 2019


Technical Analysis  |  Christos Nikolaou

EURGBP July 1, 2019 Weekly Analysis

The EURGBP remains stable at 0.8936 area with the closest target rate at 0.8916. A break below the 0.8916 level could possibly force the pair as low as 0.8839. In contrast, resistance is found at the 0.8958 and 0.8984 respectively.

28th June 2019


Technical Analysis  |  Christos Nikolaou

EURUSD June 28, 2019 Weekly Analysis

The EURUSD remains in an uptrend mood with the closest target at the 1.1397. If the price breaks the 1.1397 level it could possibly force the pair as high as 1.1420 and 1.1546 respectively. In contrast, support is found at the 1.1340 and 1.1305 respectively. A break below the 1.1305 level could possibly force the pair as low as 1.1120. The RSI (W) remains at neutral territory. CCI (W) remains at overbought territory.

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