Technical analysis of GBP/USD for May 02, 2017

From H1 chart we can see this pair currently looks like downside and also standing below of daily pivot level, but yet not break any support level, i think for today there are more possibility available to break daily 1st support 1.2862 level, if today it break this level then it will try to break daily 2nd support 1.2840 level.

By observation on technical indicators and moving averages we can see this pair currently on bearish trend, but it not strongly, i think for entry on short position we should wait until breaking daily 1st support 1.2862 level.

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Technical analysis of EUR/USD for May 02, 2017

If we can see H1 chart then we can see that this pair currently looks like upward and already it break daily 1st resistance 1.0920 level and i think there are more possibility to break daily 2nd resistance 1.0941 level.

By observation on technical indicators and moving averages we can see this pair currently on strong bullish trend, so that i think for today we can keep our position on long side.

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Most important news (01 May 2017 to 05 May 2017)

Here is the most important news of this current week.

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Weekly Technical analysis of USD/JPY for 01 May – 05 May, 2017

From D1 chart we can see this pair looks like upward and also it was break previous all weekly resistance level, so that i think in this current week it will continue to go on upward, but we should enter after breaking previous high 112.19 level, if this pair break this level in this current week then it will try to go on upward and will be try to break 114.00 level.

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Weekly Technical analysis of GBP/USD for 01 May – 05 May, 2017

This pair looks like upward and from daily chart we can see this pair was closed in previous week near weekly 1st resistance 1.2979 level, i think in this current week it will break this level and if it break this level then it will be go on upward and will be break 1.3138 level, so that i think after breaking 1.2979 level we can enter on long position.

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Weekly Technical analysis of EUR/USD for 01 May – 05 May, 2017

From D1 chart we can see this pair was start with upper gap in previous week but after that this pair stay on the same zone, but it was also break weekly 2nd resistance 1.0876 level, so that i think in this current week there are more possibility to go on upward and will be break 1.0976 level, but we should wait until breaking previous high 1.0950 level, if in this current week it break this level then it will strongly go on upward, otherwise if it move back and go below of 1.0801 level then there are more chance to go on downside.

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Technical analysis of GBP/USD for April 27, 2017

From H1 chart we can see this pair looks like bullish trend and today it already break daily 1st resistance 1.2872 level and today there are more chance to break daily 2nd resistance 1.2897 level, so that i think today we can focus on long side.

By observation on technical indicators and moving averages we can this pair currently looks like strong bullish trend, so that i think for today we can keep our position on long side.

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Technical analysis of EUR/USD for April 27, 2017

From H1 chart we can see this pair currently looks like sideways and standing on pivot level, so that i think today it is too hard to determine about market trend and from news calendar we can see there are few high effected news available for published, i think after publishing that we can get right trend line.

By observation on technical indicators and moving averages we can see this pair currently standing on neutral zone, so that i think we should wait more time for getting right trend line, if today it break any level of pivot point then we can go on that side.

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Technical analysis of GBP/USD for April 25, 2017

From H1 chart we can see this pair looks like downtrend and also it standing below of daily pivot level, but yet not break 1st support 1.2760 level, i think today it will break this level and if today it break this level then it will try to break daily 2nd support 1.2728 level, otherwise if it move back and go above of daily pivot level then it will try to break daily 1st resistance 1.2836 level.

By observation on technical indicators and moving averages we can see indicators are says this pair currently on bearish trend, but moving averages says its now on bullish trend, so that i see there are no clear trend available in this pair and for that reason we should wait until breaking any level of pivot point.

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Technical analysis of EUR/USD for April 25, 2017

From H1 chart we can see this pair looks like sideways and also standing level of daily pivot level and i think it is too hard to determine about market trend, so that we need to wait until breaking any level of pivot point.

By observation on technical indicators and moving averages we can see this pair currently looks like bullish trend and also indicators are saying its now on strong bullish trend, but i think we should not enter right now, if today it break daily 1st resistance 1.0916 level then we will enter on long position, otherwise we should monitor this pair.

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