A-FX Daily analysis – 30.05.2019

DXY: Technical Forecast: Consolidation/ Bullish

Yesterday we saw aggressive bullish move in DXY. Today we have several important news about the US economy during the New York Trading session and because of that, we can see consolidation or bearish move in London Trading Session. We are still bullish DXY but we expect some sort of bearish correction to our Support levels and then we can look for Long orders.

Our Important levels are:

  • Expect Bearish move from Resistance zone 1 – 97.993
  • Expect Bullish move from Support zone 1 – 97.700
  • Expect Bullish move from Support zone 2 – 97.645
  • Expect Bullish move from Support zone 3 – 97.523

EUR/USD: Technical Forecast: Bearish

Yesterday EUR/USD decline aggressive but still not take out the liquidity below 1.11010. We expect the market to reach this level before the end of the week but we will wait first the market to hit our resistance level and then we can look for Short orders.

Our important levels are:

  • Expect Bearish move from Resistance Zone 1 -> 1.11592
  • Expect Bearish move from Resistance Zone 2 -> 1.11811

GBP/USD: Technical Forecast: Bearish

After consolidation at the beginning of the week, yesterday GU finally decline and confirm our Bearish trend. We expect GBP/USD to reach the liquidity below 1.26100 and we will wait for the market to reach our resistance zone and then we will look to sell in GU

Our important levels are:

  • Expect Bearish move from Resistance zone 1 – 1.26418
  • Expect Bearish move from Resistance zone 2 – 1.27260
  • Expect Bearish move from Resistance zone 3 – 1.29106
  • Expect Bearish move from Resistance zone 4 – 1.30084
  • Expect Bearish move from Resistance zone 5 – 1.31040

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