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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Even though this pair did fall down, this movement didn't change current trend state. At the moment look for buying opportunities while support level is active.
Very sharp movements downside, bears are sliding downtrend towards support level. According to previous moves, bears couldn't manage to breakout by support level.
This pair is trying to recover by jumping above support level, however this movement is not sharp and bears are still in control of situation.
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The Pound has been range bound for some time. It is trading between 1.6650 and 1.61. Price action above or below those levels has lead to a number of false breakouts.
EURUSD resistance level is formed at lower level now, at 1.4856. This pair remains negative, selling actions are better to look into.
By: Bradley C. Smith
The distance Bollinger Bands, Full Stochastics, StochRSI and RSI have strayed, tell me the EUR/USD is oversold on the daily and 3 hour charts.
Bears and bulls have calmed down and low trading range is formed for this pair at the moment.
No power at all, bulls and bears are sleeping by the support level.
Resistance is broken but bulls are not feeling very well above this barrier. False break is possible, where prices will be pushed back to resistance once again.
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Support level stays as major factor for bears, this is a strong barrier in order to continue its current movement downside.
Resistance level looks like is very strong barrier for bulls, potential breach by this level couldn't occur. While this barrier holds, bulls have issues in order to extend their current uptrend movement.
The AUD continues its recent retrace. Many traders use different time frames for different currency pairs. The longer the time frame the more valid the pattern you are charting is.
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After new highs, concentration is formed by resistance line. While support stays active, buying options are better to look for.
Bouncing between support and resistance levels are still possible further.