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
Forex Technical Analysis
EURUSD is walking slowly on resistance line at 1.44130, a positive move can be expected today, for short term traders buying is an option.
EURUSD still can't show any direction yet. Traders can't decide which side to support more, bulls or bears.
EURUSD in previous analysis it was stated that a movement can be done to 1.45595 price level. Current picture shows a strong positive move.
EURUSD has formed resistance at 1.42864 and support 1.41441 price levels. The resistance line is very important now, because it has reached once more this level.
EURUSD strong negative trend was confirmed like it was stated in previous analysis.
EURUSD remains at the same position with no trend yet. If today bulls manages to go above resistance level (1.42660) and at the end of a day stays around resistance – strong positive trend can begin.
EURUSD shows that bears had enough strength to reach support line at 1.41564, while resistance stays at 1.42841.
The Canadian Dollar has hit 1.0810 at 9:05 am in Toronto today, as positive news from commodity, and stock markets continues to fuel a rampant financial rally across the globe.
EURUSD is pushing price up and most likely resistance line at 1.4326 will be tested. In the case of the break of resistance it is a clear road for bulls to run up to 1.4700.
EURUSD has entered into neutral zone. Bulls and bears can't decide which direction to take for a long time now, waiting and patience are better options now in order to confirm which side we can support more.
EURUSD still shows positive signs, bulls are not giving up easy. For now, candles did go above resistance level at 1.4232. In order to confirm a break, candles needs to close above 1.4232.
EURUSD did manage to stay around 1.4200 price level and bulls are not giving up that easy. This pair has formed a resistance now at 1.4232 and support at 1.4092.
Euro/Dollar started this week with a positive increasing trend. Strong key resistance for the currency couple is 1.4240.
As it was stated in previous analysis the positive strength of EURUSD pair is confirmed. However for now, bears are going downstairs by reaching resistance line at 1.4189 while support stays still in 1.4077.
GBP/USD 1.6474 - 20 July GBP/USD Open 1.6348 High 1.6473 Low 1.6275 Close 1.6330 Pound/Dollar was trading mostly downwards on Friday. The Cable started descending from 1.6420 down to 1.6275, closing the week at 1.6330.