The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Forex Technical Analysis
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Forex Technical Analysis
EURUSD, after a long way downside, upside movement was the same. At the moment this pair stands as neutral even though previous moves were very positive.
GBPUSD formed a short term cycle bottom at 1.6113 level on 4-hour chart. Further rise to test the resistance of the upper border of the falling price channel is expected later today.
EURUSD a new resistance was created at 1.4326 where the gap between support at 1.4204 and resistance is lowered down comparing to yesterday, however this pair still remains in neutral position.
EURUSD bulls did manage to push back prices above 1.4220 level which was a significant level for both sides.
EURUSD has shown some negative moves, a first sign was a break of support level. At the moment the movement downside can extend, however a 1.4220 level is another barrier for bears.
EURUSD remains neutral, support stays at 1.4273 while resistance is at 1.4370. For the bulls the resistance level is very important barrier, however bears still doesn't show any strong movements downside. A potential breach to support side will favor further movement downside.
EURUSD a possibility of a trend reversal still exists, at the moment the current situation claims that a when support level at 1.4268 is not valid, negativeness can start for this pair.
EURUSD previous analysis is confirmed by rebounding from the upper portion at resistance level at 1.4336 and breaking out from a channel.
EURUSD is moving in a channel and slowly step by step is climbing up. A trend is still positive and buying options are on a table.
EURUSD bulls still has enough strength to push prices to the 1.4400 level. After recent highs bears are trying to go to support level.
EURUSD extends it's positiveness and continues to slide upside even higher. 1.4400 price level can be reached soon, but bulls needs to stay above 1.4300 price level. Bears will will try an attempt to go back to support, but for now bulls controls the
EURUSD still stays positive, at the moment it is creating a box which is between support at 1.4219 and resistance at 1.4262.
EURUSD a sharp move and a break of ex-resistance level at 1.41668 was confirmed. At the moment this pair has created another resistance level at 1.42623 while support stays at 1.40943.
EURUSD a rebound from resistance line is confirmed, but this pair is in neutral zone, bulls and bears can't decide which way to choose.
EURUSD looks like that rebounding to the resistance level is possible. Resistance line holds at 1.42030, a major rally has started and if such strong movements stays, buying is better solution.