Forex Technical Analysis

GBP/JPYYesterday, I estimated that the pound reached levels, which were potential for reversing-up against the USD. The reversal did occur and the pound is looking strong. In addition, the trade idea ...

EUR/USDNegative news overnight in form of negative rating action by S&P on 24 Italian banks, together with a sovereign downgrade of Spain by Moody's which weighed on the European related assets ...

Looks set to break over hourly channel resistance.Long strategy adjusted higher.EUR/CHF formed a tighter rising hourly channel within the channel that already exists and has since broken back over ...

Strength towards 0.8886/85 ahead of potential supply.EUR/GBP continues to trade close to the 200 day moving average over recent sessions. However, the bigger picture is dominated by the recent failure...

Failure to hold break under 120.34 warns of fresh strength.GBP/JPY saw a minor break under 120.34 which failed to hold yesterday. This is suggestive of the potential for a further recovery leg higher ...

Remains beneath 200-day MA at 1.0384.AUD/USD’s bullish recovery has reversed beneath the long-term 200-day MA which is currently holding at 1.0384. Expect this area to cap further into the ...

Bulls meet initial support close to the psychological 1.0000 level.USD/CAD bulls are reversing higher from that all-important 1.0000 level (psychological level and prior trading range).Positive ...

Meets initial resistance close to the prior high at 0.9039.USD/CHF continues its consolidation beneath the old support of an hourly channel after meeting resistance close to the prior high at 0.9039, ...

USD/JPY is possibly basing around its all-time low.USD/JPY is maintaining a confluence of DeMark™ exhaustion bullish signals, after the new post WWII record low which was carved out at ...

38.2% retrace caps the upside for now.GBP/USD remains capped by the 38.2% retrace of the 1.6747-1.5272 fall. This may signal the beginning of a possible reversal back lower. However, further evidence ...

1.3937 caps for now.EUR/USD’s short-term recovery (worth almost 6%) has been capped below resistance at 1.3937. Short-term Euro weakness was seen yesterday following a broad sell-off across ...

Initial support seen near 104.96/99 floor.EUR/JPY saw a test of the 104.96/99 floor yesterday where initial support has been found. This price action is in line with our expectation of a fresh swing ...

Daily Pivots: (S1) 104.87; (P) 105.53; (R1) 106.30;The break of 105.12 minor support argues that rebound from 100.74 is finished at 107.67 already. In spite of the current recovery, we're slightly ...

Daily Pivots: (S1) 119.92; (P) 120.74; (R1) 121.50;The break of 120.33 minor support suggests that corrective rise from 116.83 is already finished at 112.63 already. In spite of the current recovery, ...

The Euro broke the support at 1.4150 (32.8% Fibonacci level) and 1.3664 (61.8% Fibo correction). Next support level is attended at 1.3047. In the opposite direction, the price will face resistance at ...

Movement in the general area of consolidation continues. Correction after falling from 85.52 to 79.57 reached 38.2 percent, followed by a break in the downward direction, as the price moves in the ...

The currency pair founded support at key level at 1.5350. If the following upside swing remains in tact first important resistance is expected at 1.5784 (61.8% Fibo correction), followed by 1.6545 and...