HiWayFX - Analytics

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    Technical Analysis - 26/05/2016

    EURUSD

    The EURUSD pair closed on Wednesday, 25th of May 2016, at 1.11553. A breakout above daily pivot which is 1.11496 will technically lead us to R1 = 1.11708, and later to R2 = 1.11874. Overextension of price will lead us to R3, which is 1.12086. A breakout below daily pivot which is 1.11496 will technically lead us to S1 = 1.11330 and later to S2 = 1.11118. Overextension of price will lead us to S3, which is 1.10952. Exponential moving average of 21 periods indicates a bullish price movement.

    Important Economic News

    • 08:30 – GMT – GBP – Second Estimate GDP q/q
    • 12:30 – GMT – USD – Core Durable Goods Orders m/m
    • 12:30 – GMT – USD – Unemployment Claims

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.10952 1.11118 1.11330 1.11496 1.11708 1.11874 1.12086


    USDJPY

     

    The USDJPY pair closed on Wednesday, 25th of May 2016, at 110.186. A breakout above daily pivot which is 110.166 will technically lead us to R1 = 110.470 and later to R2 = 110.751 Overextension of price will lead us to R3, which is 111.055. A breakout below daily pivot which is 110.166 will technically lead us to S1 = 109.885, and later to S2 = 109.581. Overextension of price will lead us to S3, which is 109.300. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 109.300 109.581 109.885 110.166 110.470 110.751 111.055


    GBPUSD

     

    The GBPUSD pair closed Wednesday, 25th of May 2016, at 1.46932. A breakout above daily pivot which is 1.46745 will technically lead us to R1 = 1.47485 and later to R2 = 1.48027. Overextension of price will lead us to R3, which is 1.48767. A breakout below daily pivot which is 1.46745 will technically lead us to S1 = 1.46203, and later to S2 = 1.45463. Overextension of price will lead us to S3, which is 1.44921. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.44921 1.45463 1.46203 1.46745 1.47485 1.48027 1.48767


    USDCHF

     

    The USDCHF pair closed on Wednesday, 25th of May 2016, at 0.99142 A breakout above daily pivot which is 0.99136 will technically lead us to R1 = 0.99315 and later to R2 = 0.99512. Overextension of price will lead us to R3, which is 0.99691. A breakout below daily pivot which is 0.99136 will technically lead us to S1 = 0.98939, and later to S2 = 0.98760. Overextension of price will lead us to S3, which is 0.98563. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 0.98563 0.98760 0.98939 0.99136 0.99315 0.99512 0.99691



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