US Session Technical Analysis May 17th 2017

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Hi Traders! US Session technical analysis May 17th 2017 is here. Its time to find out the best trade setups that market has provided for us. My analysis of some of the important currency pairs are as follows:

 

NZDUSD H4 Chart:

In this pair the price is moving inside a range between 0.6838 – 0.6949. Currently the price is in the middle of this range at 0.6869 key level. If the price moves higher and if a breakout happens at the top of this range then we may expect it to move higher further and reach the 0.6869 resistance level. Whereas if the price moves lower and if a breakout happens at the bottom of this range then we may expect the price to move further lower and reach the 0.6744 support level. As long as the price is moving inside the range and there is no confirmed breakout. Every visit of the top of the range is a sell opportunity and every visit of the price near the bottom of the range is a buy opportunity.

US Session Technical Analysis May 17th 2017

 

GBPCHF H4 Chart:

In this pair the price is in a bearish momentum and has currently reached the 1.2708 key level. We also have a downtrend line. The price reached this downtrend line and has moved lower from this level, if the price moves higher and if a breakout happens we may expect it to reach the 1.2777 resistance level. Whereas if a breakout doesn’t happen and the price moves lower we may expect it to reach the 1.2636 support level.

 

 

AUDCHF H1 Chart:

In this pair the price which was in the resistance level 0.7299 has moved lower from this level. If this bearish momentum continues we may expect the price to move lower further and reach the 0.7193 support level. Also a bullish divergence has formed in this pair and if the momentum changes we may expect the price to move higher and reach the 0.7299 key level again.

US Session Technical Analysis May 17th 2017

 

Gold H1 Chart:

In this commodity the price which was moving inside a range between 1225 -1234 has broken out at the top of this range and has now reached the 1252 key level. If this bullish momentum continues we may expect the price to move higher further and reach the 1263 resistance zone. Whereas if the momentum changes we may expect the price to move lower and reach the 1237 support level.

US Session Technical Analysis May 17th 2017

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US Session Technical Analysis May 15th 2017
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Yours,

Vladimir

 

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