Daily Technical analysis for May 28, 2021
EUR/USD
Current level – 1.2183
At the time of writing, the currency pair is still in a consolidation phase, remaining slightly above the support level at 1.2170. The mentioned zone is also the lower border of the formed range between 1.2170 – 1.2240. The expectations for today’s trading session are for the EUR/USD to remain in the mentioned range as, for now, neither the bulls nor the bears have managed to tip the scales. The most likely scenario for the pair is for the aforementioned support to repel the bears and for a follow-up test of the resistance zone at around 1.2240. During the last trading session for the week, there is no economic news and statements that would be expected to have a serious impact on the market.
USD/JPY
Current level – 109.84
The bears failed to deepen the sell-off of the U.S. dollar against the Japanese yen and the resistances at 109.21 and at 109.67 were easily overcome. The latter was made possible mainly due to the better-than-expected initial jobless claims data for the U.S. The bulls were limited under the resistance of the higher time frames at 109.93, and the most likely scenario is for a consolidation below the mentioned resistance zone, likely followed by a correction in the negative direction.
GBP/USD
Current level – 1.4182
The Cable continues its range move in the narrow channel between 1.4101 – 1.4208. The most probable scenario for the moment is for a depreciation of the pound against the U.S. dollar and a test of the lower border of the channel at 1.4101. On the other hand, in the event of a breach and a strengthening of the bullish sentiment above the resistance at 1.4208, it is possible that we will witness an attack of the next significant resistance from the higher time frames – the level of 1.4300.
Gold price tests the channel’s support line
Gold price fluctuates at the intraday bullish channel’s support line now, which represents the first protection factor to the continuation of the recently suggested positive scenario, waiting to get positive motive that assist to push the price to resume the rise in the upcoming sessions, which targets 1928.60 level as a next main station.
Until now, the bullish trend scenario still valid and active as long as 1880.00 level remains intact, supported by the EMA50, noting that breaching 1900.00 will ease the mission of achieving the waited positive targets.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (50)
… [Trackback]
[…] Here you can find 39853 more Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] There you will find 37989 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
a
a
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Here you can find 57010 additional Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Here you will find 31384 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Here you can find 49090 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Here you can find 18920 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
… [Trackback]
[…] Here you can find 13447 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
I appreciate you sharing this blog.Really looking forward to read more. Really Great.
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
I do not even understand how I ended up here but I assumed this publish used to be great
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will Watch bbcpersian
So great to find someone with some original thoughts on this topic. Really..
I do not even understand how I ended up here but I assumed this publish used to be great
There is definately a lot to find out about this subject. I like all the points you made
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-may-28-2021/ […]
Thank you for great information, look forward to the continuation. <a href="https://beta.doba.pl/adserver/www/delivery/ck.php?ct=1
Scrap metal refurbishing and recycling Scrap aluminium repurposing solutions Scrap aluminium utilization
Scrap metal reclaiming and repurposing, Aluminum cable specifications, Industrial metal salvage
Metal scrap reprocessing yard Aluminium recycling safety standards Aluminium scrap value
Scrap metal waste management, Aluminum cable recycling centers, Global metal commodity trade
Metal recycling company Aluminium scrap waste elimination Scrap aluminium repurposing innovations
Metal scrap reuse, Recycling options for aluminum cable scrap, Metal scrap dismantling
Metal recycling salvage Aluminum scrap buyers Aluminum scrap grade classification
Metal scrap recovery and repurposing, Aluminum cable scrap reuse options, Metal waste exchange
Scrap metal recycling Scrap aluminium purification Challenges in aluminum scrap recycling
Metal waste reclaiming, Aluminum cable scrap recycling prices, Metal scrap yard services
Scrap metal assessment Aluminium scrap appraisal Aluminum recycling operations
Electronic waste recycling, Selling aluminum cable, Scrap metal processing
Scrap metal regulations Metal scrap buyers Iron scrap reclaiming
Ferrous material recycling facility, Iron salvaging depot, Scrap metal sustainability
Metal waste supply chain Ferrous material redeployment Iron scrap recovery center
Ferrous material recycling productivity, Iron waste reclaiming services, Metal scrap recovery services
Scrap yard services Ferrous material resource management Iron salvage
Ferrous material embrittlement, Iron scrap recycling industry, Metal scrap reclaiming facility
Scrap metal procurement firm Ferrous material recycling demand Iron scrap transportation services
Ferrous material recycling resource conservation, Iron waste reclaiming depot, Metal reclamation and recycling
Metal scrap reclamation and reuse Ferrous metal collection services Iron waste processing center
Ferrous material public outreach, Iron scrap brokerage, Scrap metal transportation regulations
Scrap metal legal compliance Ferrous metal exports Iron waste reclamation facility
Ferrous material recovery and processing, Iron scrap reclamation services, Metal scrap management