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Technical analysis for EURUSD for May 22, 2019

Alexandros Yfantis - 20:09 2019-05-22 UTC+00

EURUSD bulls tried to push prices higher but they were stopped by stronger sellers. Price has produced to upper candlestick tails depicting the inability of bulls to reach 1.12 and

GBP/USD. 22nd of May. Results of the day. The pound sterling showed signs of life for a very short time

Paolo Greco - 22:39 2019-05-22 UTC+00

The bears once again went on the attack. The British pound sharply fell due to the most disappointing news over UK inflation

The pound is in a steep dive: the draft deal with the EU is doomed to failure

Irina Manzenko - 22:52 2019-05-22 UTC+00

Theresa May was unable to find new supporters, but lost many "fans" among the deputies of the House of Commons. All this suggests that the June vote will repeat the

EUR/USD. 22nd of May. Results of the day. The minutes of the Fed meeting are interesting, but all the "numbers" have long been known to traders

Paolo Greco - 22:28 2019-05-22 UTC+00

Mario Draghi did not report anything new. Most likely, the market will not receive any new information from the publication of the Fed's minutes

May 22, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Mohamed Samy - 17:56 2019-05-22 UTC+00

The EURUSD pair has been trapped above the next key-zone (1.1175) until last Friday when a bearish breakout below 1.1175 was achieved Further bearish decline should be expected towards 1.1115

Technical analysis for Gold on a weekly time frame

Alexandros Yfantis - 20:04 2019-05-22 UTC+00

Gold price remains in a weekly down trend after getting rejected at $1,350 area. Price has potential to go towards $1,210 as explained in previous weekly chart analysis. Gold price

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Technical analysis

EUR/USD 5 Star Sell Signal | Fundamental + Technical Analysis

EUR/USD is lining up for another big drop! Are you ready?

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Technical analysis

USD/CAD 3 Star Setup | Bounce expected!

USD/CAD is right on a major support and it looks like a juicy setup for a bounce! Are you ready?

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Technical analysis

USD/JPY near key resistance, a drop is possible!

We're seeing very strong resistance on USD/JPY, meaning we could be seeing a strong drop from here. Are you ready?

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Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-05-23 Double Top NZDCAD M15

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8719 is broken, the downward movement will continue.

2019-05-22 Double Top AUDCAD M30

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9245; the lower boundary 0.9234; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9234 with a possible movements towards the 0.9204 level.

2019-05-22 Inverse Head and Shoulder GOLD M5

According to the chart of M5, GOLD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1272.80 while the median line of the Neck is set at 1273.42/1273.38. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GOLD will go towards 1273.53.

2019-05-22 Double Bottom EURJPY M30

The Double Bottom pattern has been formed on EURJPY M30; the upper boundary is 123.09; the lower boundary is 122.94. The width of the pattern is 14 points. In case of a break of the upper boundary 123.09, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

Economic Calendar

Thursday, 23 May 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Importance
09:15	PMI Manufacturing	May	50.0	50.1	Medium
09:15	PMI Services	May	50.5	50.7	Medium
09:15	Composite PMI	May	50.1	50.3	Medium
09:30	PMI Manufacturing	May	44.4	44.9	Medium
09:30	PMI Services	May	55.7	55.2	Medium
09:30	Composite PMI	May	52.2	52.0	Medium
10:00	Ifo Business Climate Index	May	99.2	99.2	Medium
10:00	Ifo Current Assessment	May	103.3	103.5	Medium
10:00	IFO - Expectations	May	95.2	95.0	Medium
10:00	PMI Manufacturing	May	47.9	48.2	Medium
10:00	PMI Services	May	52.8	53.0	Medium
10:00	Composite PMI	May	51.5	51.7	Medium
10:30	Retail Sales With Auto Fuel	Apr	1.1% m/m; 6.7% y/y	-0.4% m/m; 4.5% y/y	High
10:30	Retail Sales Ex Auto Fuel	Apr	1.2% m/m; 6.2% y/y	-0.5% m/m; 4.3% y/y	Medium
13:30	ECB Monetary Policy Meeting Accounts	Apr			Medium
14:30	Unemployment Claims	May	212K	215K	Medium
15:45	ISM Manufacturing	May	52.6	53.0	Medium
16:00	New Home Sales	Apr	692K; 4.5%	678K; -3.8%	Medium