GBPUSD Weekly Analysis – May 22, 2016
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend.
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend.
The EURUSD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market.
The AUDUSD pair initially fell during the course of the session on Wednesday but turned around to form a hammer.
The EURUSD pair did very little during the day on Monday, as we continue to hang just above the 1.13 level.
The AUDUSD pair tried to rally during the day on Monday, and did manage to get above the 0.73 level, but could not hang onto the gains in the end.
AUDUSD’s downward movement from 0.7834 extended to as low as 0.7253.
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517,
The Euro tried to rally during the day on Wednesday, but struggled above the 1.15 level again.
The AUDUSD pair initially tried to rally during the day on Wednesday but found the area above the 0.75 level to be a little bit too rich.
The EURUSD pair initially rose during the day on Tuesday, but turned back around to form a shooting star.