HiWayFX - Analytics

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    Technical Analysis - 31/05/2016

    EURUSD

     

    The EURUSD pair closed on Monday, 30th of May 2016, at 1.11355. A breakout above daily pivot which is 1.11263 will technically lead us to R1 = 1.11551, and later to R2 = 1.11730. Overextension of price will lead us to R3, which is 1.12018. A breakout below daily pivot which is 1.11263 will technically lead us to S1 = 1.11084 and later to S2 = 1.10796. Overextension of price will lead us to S3, which is 1.10617. Exponential moving average of 21 periods indicates a bullish price movement.

    Important Economic News

    • 12:30 – GMT – CAD – GDP m/m
    • 14:00 – GMT – USD – CB Consumer Confidence

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.10617 1.10796 1.11084 1.11263 1.11551 1.11730 1.12018


    USDJPY

     

    The USDJPY pair closed on Monday, 30th of May 2016, at 111.119. A breakout above daily pivot which is 110.958 will technically lead us to R1 = 111.572 and later to R2 = 112.041 Overextension of price will lead us to R3, which is 112.655. A breakout below daily pivot which is 110.958 will technically lead us to S1 = 110.489, and later to S2 = 109.875. Overextension of price will lead us to S3, which is 109.406. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 109.406 109.875 110.489 110.958 111.572 112.041 112.655


    GBPUSD

     

    The GBPUSD pair closed Monday, 30th of May 2016, at 1.46355. A breakout above daily pivot which is 1.46217 will technically lead us to R1 = 1.46567 and later to R2 = 1.46757. Overextension of price will lead us to R3, which is 1.47107. A breakout below daily pivot which is 1.46217 will technically lead us to S1 = 1.46027, and later to S2 = 1.45677. Overextension of price will lead us to S3, which is 1.45487. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.45487 1.45677 1.46027 1.46217 1.46567 1.46757 1.47107


    USDCHF

     

    The USDCHF pair closed on Monday, 30th of May 2016, at 0.99220 A breakout below daily pivot which is 0.99316 will technically lead us to S1 = 0.99079 and later to S2 = 0.98953. Overextension of price will lead us to S3, which is 0.98716. A breakout above daily pivot which is 0.99316 will technically lead us to R1 = 0.99442, and later to R2 = 0.99679. Overextension of price will lead us to R3, which is 0.99805. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 0.98716 0.98953 0.99079 0.99316 0.99442 0.99679 0.99805



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