Forex Market ¨Technical Report of The Week Ahead¨

Technical Report For The Week From May 31st to June 05th, 2015

 

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XM/MT4 EUR/USD Daily Chart

 

 

 

 

The pair is now trying to recover the lost terrain during the last weeks as we can observe, during this last Wednesday, Thursday and Friday the price bounced at the MA cross making it go upper than expected, not too much to confirm a change of direction but enough to say that it will go recovering gradually while the time passes in this coming trading week.

 

 

 

These are the most important support and Resistance levels for this week:

 

Support 1 @1.0877 (05/27/2015)

Support 1 @1.0542 (04/13/2015)

Resistance 1 @1.1466 (05/15/2015)

Resistance 2 @1.2521 (12/16/2014)

 

XM/MT4 GBP/USD Daily Chart

 

 

 

 

The pound is losing terrain against the USD and this weekend we cannot see if there´s a chance for the price to make a recovery movement during the week ahead, at this point all we can wait is a hit at the next support level @1.5109 from May, 4th 2015, we recommend to start trading with the price at least at the middle of week to have a wider screen of what´s going on with the pair.

 

These are the most important support and Resistance levels for this week:

 

Support 1 @1.5109 (05/04/2015)

Support 2 @1.4597 (04/13/2015)

Resistance 1 @1.5662 (05/25/2015)

Resistance 2 @1.5778 (04/14/2015)

 

XM/MT4 USD/CHF Daily Chart

 The pair continues with the down movements and even if the current trend has been poor and weak due the vertical changes in price, it managed to carry the pair +600 pips down the last years high, our prediction is the price hitting at least the next support level  @0.9120 from May, 14th, 2015, at this point we must be aware of a reversal movement but meanwhile we do not see any sign of a reversion.

 

 

 

These are the most important support and Resistance levels for this week:

 

Support 1 @0.9120 (05/14/2015)

Support 2 @0.8591 (01/22/2015)

Resistance 1 @0.9698  (04/22/2015)

Resistance 2 @0.9833  (04/13/2015)

 

 

 

XM/MT4 USD/JPY Daily Chart

 

 

 

 

The USD keeps growing up and up against it Asian rival, this time to hit a years level @124.11, as the market closed over brought during yesterday we must wait for a gap to show in the market direction on this coming Sunday but as we can have in count the market always starts unpredictable and volatile so we must protect our longs if we´re currently into some and stay out at any considerable change of the direction because the last week the price was brought too much to support this vertical movement and the market gravity always brings the price a little down before it continues growing up.

 

 

These are the most important support and Resistance levels for this week:

 

Support 1 @118.93 (05/12/2015)

Support 2 @116.14 (01/15/2015)

Resistance 1 @124.08 (05/29/2015)

 

 

 

 

We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.

Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot  afford to lose.