26 May Weekly Forex Forecast (May 27 – 31 May-2019)
After Theresa May’s announcement, GBP actually stays stronger rather than continue to fall. Market has likely priced in the event before it happens.
GBPUSD formed Daily Morning Star pattern near Weekly Uptrend Line, means Bearish has weakened and sentiment possibly change to short term Bullish bias.
Broken Downtrend Line, 1H Inverse Head and Shoulder Pattern, Neckline at 1.2690 – 1.2700
Wait for Reversal Candlesticks at that level.
NZDUSD ready for next target in up side. Hopefully price goes up for previous support trend line it,s around 0.68000.
EURCHF hopefully going to touch below then support zone then goes up for long tram you can a suitable search option here.
USDCAD looks like create a triangle pattern so wait for break out then take trade for long.
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