Technical analysis of Forex market

The Australian dollar extends weakness on Friday, holding firmly in red for the fourth consecutive day and on track for strong bearish weekly close. Extension of Thursday’s strong bearish acceleration ...

The New Zealand Dollar has been trading in two different channels against the Japanese Yen. The most important of the pattern is the junior ascending channel pattern which is currently ...

The Pound Sterling has been trading in a junior descending channel against the Japanese Yen. The currency pair reversed from the upper boundary of the pattern on July 13 and ...

The European Single Currency appreciated 0.25% against the US Dollar during morning hours. The currency pair bounced off the bottom of a new trend line and retraced back to the ...

CRUDE OIL – The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the ...

The chart below on a daily time-frame shows the pair USD/CAD trading in a down trend. In addition, it shows that the pair over the past month had begun to ...

The British pound is testing the 1.3000 support level against the US dollar, after finding strong technical resistance from the 1.3040 level during the European trading session. Despite the pullback ...

The euro currency is starting to trade lower against the US dollar after once again being sold sharply from the 1.1700 level this morning. The recent rejection from the 1.1700 ...

USDCHF – The pair continues to face downside pressure closing further lower on Wednesday. On the downside, support lies at the 0.9650 level. A turn below here will open the ...

Last week, we highlighted some encouraging signs from the joint UK-EU press conference, noting that “The EU’s willingness to extend the previous deadline suggests that a mutually acceptable deal may ...

EURUSD – The pair now faces pullback risk after halting its upside pressure on Tuesday. On the upside, resistance comes in at 1.1700 level with a cut through here opening ...

The British pound continues to trade to the downside against the US dollar, with price briefly dipping below the 1.2850 support level. The GBPUSD pair remains weak after EU and ...

The Euro maintains bullish in early American trading tone and eventually broke 1.1700 barrier which temporarily capped the advance this morning. Strong advance from 1.1530 (23 Aug trough) holds in ...

The US100 stock index (NASDAQ 100) continues to rise above the Ichimoku cloud, remaining inside a bullish channel over the past four months, stretching its upward pattern to a fresh ...