New Forex Stuff QFXData.com - AI Forex Analysis

[paulporto]

USDJPY is consolidating around 158.8 to 159.5 after a multi week recovery and the short term view is sideways with 80 percent confidence.
Longer term structure stays bullish and the long term view is up with 75 percent confidence but price is near resistance at 159.5 to 160.
In the last 24 hours USD news skewed negative while JPY news skewed positive which can cap upside.
Positioning analysis points to near term downside as the crowd shifts long.

 

[paulporto]

EURUSD news in the last 24 hours shows EUR sentiment is more negative than positive.
USD sentiment is more positive than negative.
This keeps the fundamental bias tilted toward a firmer dollar.
Short term charts are consolidating under 1.176 with a 80 percent bearish continuation call.
Long term charts stay range bound with a 78 percent rebound call if 1.17 to 1.18 breaks.
Positions analysis suggests likely short term sideways as participation rises and stays balanced.

 

[paulporto]

GBPUSD is rangebound after a sharp drop and partial recovery and the model expects sideways price action with 80 percent confidence.
News sentiment over the last 24 hours is GBP negative and USD positive which supports a mild bearish tilt.
Positioning shows longs jumped while shorts eased and the contrarian read points to short term downside risk despite the current range.

 

[paulporto]

AUDUSD is showing a near term bearish bias with a 75 percent downside call as price makes lower highs after the early May peak.
News sentiment over the last 24 hours favors USD with 56 positive and 27 negative while AUD is weaker with 23 positive and 51 negative.
Positioning is a contrarian warning since shorts have been falling while longs rose which points to downside with 70 confidence.

 

[paulporto]

AUDUSD sentiment over the last 24 hours is mixed with AUD slightly more negative than positive and USD also negative overall.
Despite the headline tone the model leans bullish short term with 75 percent confidence after higher lows from support near 0.709 aiming at 0.719 to 0.727.
Positioning is heavily short at 73 percent and the contrarian read supports an upside push.
Longer term price is still consolidating near 0.71.

 

[paulporto]

EURUSD is range bound overall, but the short term bias is up with 75 percent confidence after a bounce from around 1.1580 and higher lows pushing into 1.1680 to 1.1720.
News sentiment over the last 24 hours is slightly negative for EUR and more positive for USD, which can cap rallies.
Positioning analysis points to short term downside with 65 percent confidence as longs rose while shorts fell.

 

[paulporto]

GBPUSD is range bound overall but the short term bias stays up with a 75 percent bullish call.
Price has been making higher lows after the mid May drop and is holding above near term support while capped by resistance.
News sentiment over the last 24 hours is slightly more positive for GBP than USD with similar neutral readings.
Positioning shows shorts rising and longs easing which can add short term upward pressure into resistance.

 

[paulporto]

GBPUSD is range bound on H1 after a mid term drop and the short term model stays sideways with 80 percent confidence.
Longer view still sits in a wider range but shows a short term bounce bias with 75 percent confidence.
News sentiment over the last 24 hours favors GBP with 66 percent positive and no negative while USD is mixed with 42 percent positive and 31 percent negative.
Position flows show shorts collapsed while longs dipped so net pressure leans to a short term rise with 65 percent confidence.

 

[paulporto]

GBPUSD is still rangebound after the mid May selloff and the model expects sideways action with 80 percent confidence.
News sentiment over the last 24 hours looks GBP negative and USD positive with GBP at 60 percent negative and USD at 66 percent positive.
That supports a USD bid and choppy downside pressure unless the range breaks.
Positioning adds a contrarian twist since rising shorts point to short term upside with 72 confidence.

 

[paulporto]

USDJPY is in an overall uptrend but price is stalling near 159.8 to 160.2 and both models lean sideways with 75 percent confidence.
USD news in the last 24 hours was slightly positive with 39 positive versus 30 negative.
JPY sentiment was also positive with 44 positive versus 33 negative which can cap upside.
Positioning stays heavily net short at 77 percent and the analysis expects range bound action.