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 Daily Forecast, Analysis and Prediction
Top Forex BrokersForex Daily Forecast, Analysis and Prediction
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.
EURUSD retreated from the highs and new support line has been established at 1.4105. Most likely it will not survive if another push from the bears will appear on the chart.
EURUSD despite some positive candles, bears took over the control from bulls. At the moment it is suggested likelihood the move downside, because for bulls to wake up from a long sleep needs more power to push prices back to 1.42030.
EURUSD is impending to the support line at 1.41766, according to the previous move, we can expect a break of support price level.
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.