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
We have noted several times a formation we refer to as a Step pattern. More commonly this is identified by Lower Lows and Lower Highs and vice versa.
EURUSD became bearish and negative trend began. Under 1.4874 price level, it is better to take short positions.
Bulls strength is concentrated by the resistance level, today we can still expect to see a breakout by this significant barrier.
Boring movements, but with a potential to reach new highs.
After recent highs, this pair slided downside and formed low trading range between support and resistance price levels.
EURUSD has entered neutral zone, after a breakout by resistance level, bears initiated further movement downside.
After recent low movements, bulls are still not giving up.
Very boring pair now after sharp movements downside. However bulls are not done yet, and this week we can expect a recovery of current price.
This pair is in consolidation in formed trading range between support and resistance.
EURUSD concentrated above resistance level, it looks like bulls have some issues in order to extend current positive movement.
EURUSD bulls still stay above resistance level, however despite recent reached highs bears slowly are trying to decline the price.
Despite the bouncing, this pair is still looking downside. For now what bulls can do is just to try to push up the prices above resistance, however bears are more confident and negativeness for this pair is not lost. Selling is better option.
This pair is moving along big channel, while candles stay within valid channel buying options remain. At the moment bulls are totally controlling the situation and bulls goal was to enter above resistance where they can feel more confident. Buying option is better to take.
EURUSD bulls remain with more activity, however slowly bears are taking further actions in order to push prices under ex-resistance level (1.4952). While candles still stay above resistance – buying possibilities are better to look into. Positive trend is strong enough to enter above 1.5000 price level.
EURUSD according to the current trend, another breakout by resistance level has enough potential which can favor further movement upside.