Daily Technical analysis for May 21, 2021
EUR/USD
Current level – 1.2228
After the test of the support zone at 1.2172 from yesterday, the bulls prevailed and the EUR rose against the USD. At the time of writing, the upward movement continues and the pair is about to test the major resistance at 1.2238. A successful breach should easily lead to new gains for the EUR/USD and strengthen the positive expectations for the future path of the currency pair. If the bulls lose momentum and fail to breach 1.2238, the pair will most likely remain in the range between 1.2172 and the mentioned resistance. However, if the bears manage to successfully violate 1.2172, the sell-off should deepen towards 1.2129 where the buyers will most likely step in.
USD/JPY
Current level – 108.79
The U.S. dollar lost some ground against the yen and the currency pair managed to test the lower border of the zone between 108.83 and 109.26. A successful confirmation of a breach here could easily pave the way towards the next target at 108.44 and lead to a continuation of the sell-off that started last week. If buyers take the reins , the pair will most likely test the resistance level at 109.26, but only a violation of 109.67 could strengthen the positive sentiment.
GBP/USD
Current level – 1.4178
After the sell-off was limited to just above 1.4080, the Sterling regained some of its lost positions. The Cable breached the resistance zone at 1.4144, but at the time of writing, it seems to have lost some of its upward momentum. If the bulls continue the attack and successfully violate the next resistance zone at 1.4208, the currency will most likely target the highs from February. If the bears prevail, a test of the level at 1.4144, which is currently acting as a support, can be expected. However, only a successful breach of the next target at 1.4080 could deepen the potential corrective move towards 1.4035. Today, the more important news that could impact the Cable is the Preliminary PMI Services for the UK at 08:30 GMT.
Gold price keeps its positive stability
Gold price continues to fluctuate inside the intraday bullish channel that appears on the chart, and the EMA50 continues to support the price, thus, the bullish trend scenario will remain valid and active for the upcoming period, which targets testing 1900.00 as a next station.
Note that holding above 1858.00 is important to continue the expected rise, as breaking it will press on the price to achieve temporary bearish correction and head towards visiting 1838.00 areas initially before any new attempt to rise.
The expected trading range for today is between 1855.00 support and 1900.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (31)
It’s wonderful that you are getting ideas from this paragraph as well as
from our argument made at this time.
We stumbled over here coming from a different web page
and thought I may as well check things out. I like what I see so
now i am following you. Look forward to checking out your web
page for a second time.
I do believe all the concepts you have introduced for your post.
They’re very convincing and will definitely
work. Still, the posts are very brief for starters.
Could you please prolong them a bit from next time? Thanks for the post.
I really like what you guys are up too. This kind of clever work and exposure!
Keep up the amazing works guys I’ve added you guys to blogroll.
Can you tell us more about this? I’d want to find out some additional information.
Very good info. Lucky me I ran across your website by
accident (stumbleupon). I’ve bookmarked it for later!
This is the perfect website for anybody who would like to find out about this topic.
You realize so much its almost hard to argue with you (not that I actually would want to…HaHa).
You certainly put a new spin on a topic which has been discussed for ages.
Excellent stuff, just great!
Thanks for the good writeup. It if truth be told was a leisure account it.
Glance complicated to more brought agreeable from you!
By the way, how could we keep up a correspondence?
Your way of explaining the whole thing in this piece of writing is really good, every one
be capable of effortlessly know it, Thanks a lot.
Hey there just wanted to give you a quick heads up. The words in your article
seem to be running off the screen in Ie. I’m not sure if this is a formatting issue
or something to do with browser compatibility but I figured I’d
post to let you know. The layout look great though!
Hope you get the issue solved soon. Kudos
hello there and thank you for your information – I’ve certainly picked up
anything new from right here. I did however expertise several
technical issues using this website, as I experienced to reload the
web site a lot of times previous to I could get it to load
correctly. I had been wondering if your web hosting is OK?
Not that I’m complaining, but slow loading instances times will very
frequently affect your placement in google and can damage your high-quality score if ads and marketing with Adwords.
Well I’m adding this RSS to my e-mail and can look out for much more of your respective intriguing content.
Make sure you update this again soon.
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
Every weekend i used to go to see this website, for the reason that i want enjoyment, for the reason that this this website
conations actually nice funny stuff too.
This post is priceless. When can I find out more?
My brother suggested I might like this blog.
He was totally right. This post truly made my day. You cann’t imagine simply how much time
I had spent for this information! Thanks!
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
Hello to every one, the contents existing at this web page are actually amazing for people knowledge,
well, keep up the good work fellows.
… [Trackback]
[…] Here you can find 79648 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
Wow, that’s what I was seeking for, what a information! existing here at this blog,
thanks admin of this site.
my web site :: tracfone
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] There you can find 50949 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-21-2021/ […]
Thank you for your blog post. Much obliged.