by richmond | May 5, 2020 | GBP/USD
GBPUSD, Daily: GBPUSD was traded lower following prior retracement from the resistance level at 1.2575. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses toward support level at 1.2295. Resistance level: 1.2575, 1.2770...
by richmond | May 5, 2020 | EUR/USD
EURUSD, H4: EURUSD was traded lower following prior breakout below the previous support level at 1.0925. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 1.0875. Resistance level: 1.0925, 1.0960...
by richmond | May 5, 2020 | USD/JPY
USDJPY, Daily: USDJPY was traded lower while currently testing the support level at 106.50. However, MACD which illustrated diminishing bearish momentum suggest the pair to be traded higher in short-term as technical correction. Resistance level: 109.00, 110.20...
by richmond | May 5, 2020 | AUD/USD
AUDUSD, H4: AUDUSD was traded higher following prior rebound from the support level at 0.6405. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward resistance level at 0.6540. Resistance level: 0.6540, 0.6680 Support...
by richmond | May 5, 2020 | NZD/USD
NZDUSD, H1: NZDUSD was traded higher while currently testing the resistance level at 0.6070. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level. Resistance level:...