Setups: EUR/USD, GBP/USD, EUR/JPY, AUD/USD, NZD/USD, USD/CAD - Barclays

Setups: EUR/USD, GBP/USD, EUR/JPY, AUD/USD, NZD/USD, USD/CAD - Barclays

24 May 2016, 18:55
Vasilii Apostolidi
0
54

EUR/USD: We are looking to re-establish a bearish view on the break below the 1.1180 lows. We would also fade any upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990.  

 Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en/?affid=0fd9105 

 

GBP/USD: We are bearish against resistance in the 1.4665 area and look for a move lower towards our targets near the 1.4340 May lows.

EUR/JPY: The break below support in the 122.60 encourages our bearish view. We are looking for a move lower towards targets near 121.50 and then the 120.00 area.



AUD/USD: The break below 0.7175, the recent lows, vindicates our decision to stay bearish while price closes below 0.7255, the 200-dma. Our targets are towards 0.7040 and then the 0.6825 year-to-date lows.

NZD/USD: Our bearish view was encouraged by the breach of support on the 0.6710 area. We are looking for a move lower towards targets near 0.6665 and then 0.6545.

USD/CAD: The break above the 1.3015 range highs has prompted us to pare back our bearish view in the short term. Risk is a squeeze higher towards 1.3220 before sellers emerge.

Share it with friends: