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Fractal analysis of major currency pairs for May 23

Daichi Takahashi - 02:35 2019-05-23 UTC+00

Dear colleagues. For the euro / dollar pair, the continuation of the main downward trend development is expected after the breakdown of 1.1144. We consider the upward movement

EUR / USD h4 vs USD / JPY h4 vs EUR / JPY. Comprehensive analysis of movement options from May 23, 2019. Analysis of APLs & ZUP

Ratu Taslim - 01:16 2019-05-23 UTC+00

A comprehensive analysis of the movement options from May 23, 2019. EUR / USD h4 vs USD / JPY h4 vs EUR / JPY on the Minuette operational scale (H4

Technical analysis: Important Intraday Levels for USD/JPY, May 23, 2019

Arief Makmur - 02:46 2019-05-23 UTC+00

In Asia, Japan will release the Flash Manufacturing PMI and the US will publish some economic data such as Natural Gas Storage, New Home Sales, Flash Services PMI, Flash Manufacturing

GBP/USD: plan for the European session on May 23. The resignation of the leader of the House of Commons was a blow to the pound

Ruben Watson - 06:34 2019-05-23 UTC+00

GBP/USD: plan for the European session on May 23. The resignation of the leader of the House of Commons was a blow to the pound

EUR/GBP approaching resistance, potential drop!

Dean Leo - 02:25 2019-05-23 UTC+00

Price is approaching our first resistance level

EUR/USD: plan for the European session on May 23. European Parliament elections will begin today

Ruben Watson - 06:28 2019-05-23 UTC+00

EUR/USD: plan for the European session on May 23. European Parliament elections will begin today

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Trend line

EUR/GBP approaching resistance, potential drop!

Price is approaching our first resistance level.

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Technical analysis

AUD/NZD approaching resistance, potential reversal!

Price is approaching its resistance at 1.0597 where it could potentially reverse to its support at 1.0552.

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Technical analysis

USD/JPY reversed off key resistance, a drop is possible!

USDJPY reversed off resistance, a drop to first support is possible

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Bitcoin forecast

Technical analysis of Ethereum for 23.05.2019

Sebastian Seliga

05:49 2019-05-23 UTC+00

The trend line is broken, the move down accelerates

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Technical analysis of Bitcoin for 23.05.2019

Sebastian Seliga

05:45 2019-05-23 UTC+00

The deeper pull-back in the corrective cycle is in progress

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Bitcoin analysis for May, 22.2019

Petar Jacimovic

16:12 2019-05-22 UTC+00

Watch for potential selling opportunities. Target at $7.727.

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Pattern Graphix

Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-05-23 Double Top EURGBP H1

The Double Top reversal pattern has been formed on EURGBP H1. Characteristics: the upper boundary 0.8838; the lower boundary 0.8790; the width of the pattern is 46 points. Sell trades are better to be opened below the lower boundary 0.8790 with a possible movements towards the 0.8750 level.

2019-05-23 Double Bottom GBPAUD H1

The Double Bottom pattern has been formed on GBPAUD H1; the upper boundary is 1.8442; the lower boundary is 1.8337. The width of the pattern is 101 points. In case of a break of the upper boundary 1.8442, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

2019-05-23 Bullish symmetrical triangle EURNZD M5

According to the chart of M5, EURNZD formed the Bullish symmetrical triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.7148/1.7152 whereas the lower border goes across 1.7158/1.7152. The pattern width is measured on the chart at -10 pips. If the Bullish symmetrical triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.7152 is broken, the price could continue its move toward 1.

2019-05-23 Bullish Rectangle EURNZD M5

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.7157, the lower border is 1.7148. The signal means that a short position should be opened after fixing a price below the lower border 1.7148 of the Bullish Rectangle.

Economic Calendar

Thursday, 23 May 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
09:15	PMI Manufacturing	May	50.0	50.1	50.6	Medium
09:15	PMI Services	May	50.5	50.7	51.7	Medium
09:15	Composite PMI	May	50.1	50.3	51.3	Medium
09:30	PMI Manufacturing	May	44.4	44.9	44.3	Medium
09:30	PMI Services	May	55.7	55.2	55.0	Medium
09:30	Composite PMI	May	52.2	52.0	52.4	Medium
10:00	Ifo Business Climate Index	May	99.2	99.2	97.9	Medium
10:00	Ifo Current Assessment	May	103.4	103.5	100.6	Medium
10:00	IFO - Expectations	May	95.3	95.0	95.3	Medium
10:00	PMI Manufacturing	May	47.9	48.2	47.7	Medium
10:00	PMI Services	May	52.8	53.0	52.5	Medium
10:00	Composite PMI	May	51.5	51.7	51.6	Medium
13:30	ECB Monetary Policy Meeting Accounts	Apr				Medium
14:30	Unemployment Claims	May	212K	215K		Medium
15:45	ISM Manufacturing	May	52.6	53.0		Medium
16:00	New Home Sales	Apr	692K; 4.5%	678K; -3.8%		Medium