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May 28th, 2019 @ 5:19 am by Muhammad Azeem

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With a good momentum, the price of USDCHF Spot Forex pair is moving up. Price action is stepping up and Forex traders could easily notice that price action is printing higher swing highs and higher swing lows. Key support level is present at 1.0031 price level, based on most recent swing low in 15 minutes time frame of USDCHF.

 

On Monday in Swiss Franc, there was no important news event declaration. Technically; bullish prices could easily move USDCHF towards next resistance target at 1.0065 number. With reference to the strong bullish trend, traders should consider only buy trades and no trade against bullish momentum of USDCHF. However; a clear bearish break down in price action below 1.0031 vital support area will end the up momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.

USDCHF Forex Analysis

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May 28th, 2019 @ 5:18 am by Muhammad Azeem

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The price action of USDJPY pair has been trading with a bearish bias inside fifteen minutes chart and the down trend looks good. Price action is stepping down, and bearish trend looks quite strong. Key resistance level is present at 109.74 price area, based on most recent swing high in 15 minutes chart of USDJPY.

 

For the Japanese Yen on Monday, there was SPPI y/y news announcement which came with bad numbers for the Yen. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 109.20 with reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 109.74 important resistance level then this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in 15 minutes time frame.

USDJPY Forex Analysis

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May 28th, 2019 @ 5:17 am by Muhammad Azeem

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Intraday bias in GBP/USD remains on the down side for the moment in 15 minutes time frame. Price action is falling down and stepping lower and Forex traders could easily notice that market is printing lower swing highs and lower swing lows. Vital area for sellers is present at 1.2693; based on most recent swing high in fifteen minutes chart of GBPUSD.

 

There was a Bank Holiday in United Kingdom and no news came out on Monday for the GBP. Technically; bearish trend could take price action towards next support target at 1.2650. As the trend is still bearish, Forex traders should consider only short trades and no trade against the current GBPUSD bearish trend. However; a clear bullish break out in price action above 1.2693 vital resistance area will end the bearish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.

GBPUSD Forex Analysis

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May 28th, 2019 @ 5:16 am by Muhammad Azeem

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Trend is down in EURUSD fifteen minutes chart. Key resistance level is present at 1.1195 price area, based on most recent swing low in 15 minutes time frame of EURUSD. EURUSD show strong bullish move in the previous session and it remains stable above 1.1195. Thus, no change to the down trend environment as price action stays below 1.1195 resistance area, while its next main target located at 1.1170 price level which is a round number.

 

Based on technical and fundamental analysis, price of EURUSD is most likely going to drop more and currency traders should consider taking a possible sell trading chance to join the down trend. There was no major news announcement for the Euro on Monday. However; a clear bullish break out in price action above 1.1195 critical resistance area will end the down trend. In such a market scenario, it would be best not to trade EURUSD and re-analyze the 15 minutes chart price action.

EURUSD Forex Analysis

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May 27th, 2019 @ 3:52 am by Muhammad Azeem

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Trend is up in EURUSD fifteen minutes chart. Key support level is present at 1.1195 price area, based on most recent swing low in 15 minutes time frame of EURUSD. EURUSD show strong bullish move in the previous session and it remains stable above 1.1195. Thus, no change to the up trend environment as price action stays above 1.1195 support area, while its next main target located at 1.1200 price level which is a round number.

 

Based on technical and fundamental analysis, price of EURUSD is most likely going to rise more and currency traders should consider taking a possible buy trading chance to join an up trend. There was no major news announcement for the Euro on Friday. However; a clear bearish break down in price action below 1.1195 critical support area will end the up trend. In such a market scenario, it would be best not to trade EURUSD and re-analyze the 15 minutes chart price action.

EURUSD Forex Analysis

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May 27th, 2019 @ 3:52 am by Muhammad Azeem

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Intraday bias in GBP/USD remains on the up side for the moment in 15 minutes time frame. Price action is rising up and stepping higher and Forex traders could easily notice that market is printing higher swing highs and higher swing lows. Vital area for buyers is present at 1.2708; based on most recent swing low in fifteen minutes chart of GBPUSD.

 

No news came out on Friday for the GBP. Technically; bullish trend could take price action towards next resistance target at 1.2800. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBPUSD bullish trend. However; a clear bearish break down in price action below 1.2708 vital support area will end the bullish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.

GBPUSD Forex Analysis

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May 27th, 2019 @ 3:52 am by Muhammad Azeem

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The price action of USDJPY pair has been trading with a bearish bias inside fifteen minutes chart and the down trend looks good. Price action is stepping down, and bearish trend looks quite strong. Key resistance level is present at 109.74 price area, based on most recent swing high in 15 minutes chart of USDJPY.

 

For the Japanese Yen on Friday, there was no critical outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 109.20 with reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 109.74 important resistance level then this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in 15 minutes time frame.

USDJPY Forex Analysis

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May 27th, 2019 @ 3:51 am by Muhammad Azeem

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With a good momentum, the price of USDCHF Spot Forex pair is moving down. Price action is stepping down and Forex traders could easily notice that price action is printing lower swing highs and lower swing lows. Key resistance level is present at 1.0041 price level, based on most recent swing high in 15 minutes time frame of USDCHF.

 

On Friday in Swiss Franc, there was no important news event declaration. Technically; bearish prices could easily move USDCHF towards next support target at 1.0000, round number. With reference to the strong bearish trend, traders should consider only sell trades and no trade against bearish momentum of USDCHF. However; a clear bullish break out in price action above 1.0041 vital resistance area will end the down momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.

USDCHF Forex Analysis

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