Market Research

Forex analysis — the latest reviews of market instruments and news. All reviews are provided by analysts and shall not be considered as investment advice.

EUR/NZD: Ichimoku clouds

23.05.2019

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (1.7121). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7192).

GBP/CAD: Ichimoku clouds

23.05.2019

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (1.6990). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7134).

Key Releases

23.05.2019

Today, the US dollar is strengthening against the euro and the pound but weakening against the Japanese yen.

New Home Sales. USA, 16:00 (GMT+2)

23.05.2019

New Home Sales measures the change in the annualized number of new residential buildings that were sold during the previous month. A higher than expected reading should be taken as positive/bullish for USD, while a lower than expected reading should be taken as negative/bearish for USD. The indicator is expected to decrease from 692K to 675K.

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