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.
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EURUSD positive trend remains for this pair, above this barrier buying options are better to look for. However in order to reach new highs for bulls side, 1.5120 barrier needs to be broken. At the moment, bulls have enough confident to extend their current move.
Price action on the EUR/USD's one day chart has it ready to enjoy a small trip down to around 1.5050. The Bollinger Bands, Full Stochastics, StochRSI and RSI are far enough above each of their centerlines to signify a retracement to around the 1.5050 level on December 2nd.
EURUSD bulls have shown their strength, resistance level was a strong barrier for bulls side. Above this barrier, bears are in danger whereas bulls are controlling the current situation. Buying options are better to look for but it should be done with a care.
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Fibonacci tools never cease to amaze me. The question becomes do they predict or become a self fulfilling prophecy? In the end it may not matter.
Bollinger Bands, Full Stochastic and RSI hint at a slight downward movement on the daily while the StochRSI looks like it is happy to see things stay where they are. Price movement for the EUR/USD's daily chart does not offer any solid clues. Lets turn to the three hour chart then.
The EUR/USD's daily chart price action is indicative of a slight retracement to at least around 1.5050. The Bollinger Bands, Full Stochastics, StochRSI and RSI do not have any argument against that and support it a bit.
Price action on the EUR/USD shows a likely retracement to and possibly threw the popular 1.5000 line Friday.
With the Bollinger Bands, Full Stochastics, StochRSI and RSI saying the same thing on the one day EUR/USD chart, it seems like that pair is due for a retracement after yesterday's jump over the 1.5000 hurdle.
EURUSD bulls have shown their strong strength by reaching resistance level, a breakout of resistance can influence bears to surrender for a while and bulls have opened road. For now, bulls still have better opportunities.
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As the market continues its sideways movement it is a good idea to keep cognizant of important key levels of S&R as well as the 50 SMA and 100 SMA. When markets move sideways for an extended period of time ensuing price action on a breach of major S&R or an MA can be quick, therefore you want to be in a position to execute.
Price action on the daily chart is close to the mental barrier of 1.5000 and each of the four technical indicators is rather high above it's centerline for the daily chart.
EURUSD new support and resistance levels are formed, it looks like wide trading range is formed between these two barriers. While candles remain in this area, further jumping is expected. For now, while support holds, bulls are in better shape.
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Sign up to get the latest market updates and free signals directly to your inbox.Most majors have been range bound for the last month and some even longer then that. If you play support and resistance then your entries points are relatively defined. However, what do you trade when handles are in between S & R?
Three technicals on the EUR/USD are slightly above the centerline. The Bollinger Bands, Full Stochastics, and RSI are saying there is a likely gently down moving trading day in store for the 24th.
EURUSD candles have been locked between support and resistance levels for a long time now. By each rebound by support level, this barrier gets stronger and more significant for bears side. Today we can expect short term upswings towards resistance level. Just below support level, bears can feel more confident.