Technical Analysis

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May 17, 2024

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
Freemium Article

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

Chart USD/JPY Update: Smart bounce, but gains to remain limited
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May 16, 2024 1:18 PM UTC

The anticipated break below 155.00 has bounced smartly from congestion support at 154.00

Chart USD Index DXY Update: Limited gains from the 104.25 Fibonacci retracement
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May 16, 2024 1:05 PM UTC

Anticipated losses have reached support at the 104.25 Fibonacci retracement

Chart USD/RUB Update: Leaning lower
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May 16, 2024 11:44 AM UTC

The anticipated test below 91.0000 has bounced from congestion around 90.0000

Chart EUR/PLN Update: Consolidating - focus remains on February 2020 lows
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May 16, 2024 11:28 AM UTC

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

Chart USD/ZAR Update: Room for still lower
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May 16, 2024 10:53 AM UTC

Cautious trade has given way to a drift lower

Chart EUR/CAD Update: Fresh 2024 highs - pressuring resistance at the 1.4820 Fibonacci retracement
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May 16, 2024 10:19 AM UTC

Anticipated gains have extended to fresh 2024 highs

Chart EUR/CHF Update: Consolidation to give way to a test lower
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May 16, 2024 8:28 AM UTC

The test above congestion resistance has met selling interest around 0.9825

Chart USD/CHF Update: Pressuring 0.8980/00 - room for lower
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May 16, 2024 8:06 AM UTC

Anticipated losses have reached support at 0.9000 and the 0.8980 Fibonacci retracement

Chart EUR/GBP Update: Leaning lower, but downside to remain limited
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May 16, 2024 7:53 AM UTC

Little change, as choppy trade gives way to consolidation around congestion support at 0.8580

Chart EUR/USD Update: Strong resistance at the 1.0930 Fibonacci retracement
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May 16, 2024 7:42 AM UTC

Anticipated gains have reached congestion resistance at 1.0900

Chart GBP/USD Update: Strong resistance at the 1.2755 Fibonacci retracement
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May 16, 2024 7:29 AM UTC

Late-April gains have reached congestion resistance at 1.2700

Chart GBP/JPY Update: Room for deeper pullback from 197.05, Fibonacci level
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May 16, 2024 7:26 AM UTC

Settling back from test of the 197.00/05 level and 61.8% Fibonacci retracement as prices unwind overbought intraday studies

Chart AUD/JPY Update: Lower in consolidation from the 104.00 high
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May 16, 2024 7:12 AM UTC

Extending pullback from the 104.00 high as prices unwind the overbought intraday and daily studies

Chart EUR/AUD Update: Lower in consolidation, 1.6218 low at risk
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May 16, 2024 6:59 AM UTC

 Shallow bounce from the 1.6218 low has given way to selling pressure to threaten the latter

Chart AUD/NZD Update: Extending pullback from the 1.1030 high
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May 16, 2024 6:38 AM UTC

Consolidation above the 1.0950 support has given way to break to extend losses from the 1.1030 YTD high

Chart USD/TWD Update: Consolidating, but room to extend losses from April YTD high
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May 16, 2024 6:24 AM UTC

Consolidating at the 32.040 low as prices unwind the oversold intraday studies

Chart USD/MYR Update: Within reach of 4.6720, March low
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May 16, 2024 5:57 AM UTC

Break of the 4.7000 level further extend sharp losses towards the 4.6720, March low

Chart USD/INR Update: Room for deeper pullback from 83.5350 high
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May 16, 2024 5:02 AM UTC

 Leaning lower from the 83.5350 high as prices unwind the overbought daily and weekly studies

Chart USD/CNH Update: Poised for retest of 7.2000 support
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May 16, 2024 3:54 AM UTC

Extending pullback from the 7.2470 high and break of the 7.2200 support see the 7.2000 level now within reach

Chart USD/IDR Updates: Extending losses from the April high
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May 16, 2024 3:41 AM UTC

Gapped lower at the open through the 16000/15979 support to extend losses from the 16284, April YTD high

Chart USD/THB Update: Weighing on 36.20 support, break in focus
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May 16, 2024 3:23 AM UTC

Sharply lower to extend break of the 36.50 support to reach strong support at 36.24/36.20 area

Chart USD/KRW Update: Extending losses from the 1400.00 high
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May 16, 2024 2:59 AM UTC

Extending pullback from the Monday's 1373.00 high to reach the 1350.00/1347.00 support