Daily Report - 24 May 2017


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: market near top of secular sideways channel. Look for a pause or reversal between 1.1280 and 1.1460
Technical Recommendation: Market at the top of channel
                                                                 EURUSD - Weekly

GBP/USD: the slow push towards 1.3130 which is the 38.2 Fib of the Brexit Fall continues. Not far to go
Technical Recommendation: 38.2 Fib almost reached
                                                                 GBPUSD - Weekly
                                                                                                                Back to Top

► AUD/USD: Price testing once again 0.7500 resistance. We may see a rotation to the downside here and continuation of recent downtrend
Technical Recommendation: Looking for downtrend resumption
                                                                 AUDUSD - Weekly
                                                                                          Back to Top

► USDJPY: market chopping around between 108.50 and 117.00.
Technical Recommendation: possible downward resumption
                                                                  USDJPY - Weekly
                                                                                                                             Back to Top

GOLD: market stuck between 1200 and 1295. Last week's bullish continuation weekly candle does bode well for an uptrend resumption.
Technical Recommendation: Likely uptrend resumption
                                                               XAUUSD - Weekly

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