The EUR/USD pair broke below the key support at 1.1600, which was a double bottom on the weekly and the daily charts. Not only that, but on the monthly chart,…
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Currencies Technical Analysis
Every week we publish our technical analysis for the currencies pairs that looks interesting. We focus on breakout, technical patterns, key support and resistance levels, combined with a trend/wave-based analysis.
Our mission is to help you improve your forex trading.
FXCM dollar index technical analysis, breakout of six days range to the upside
The FXCM dollar index breakout of six days range to the upside on four hour and the daily charts and closed the weekly chart with a bullish candle, bouncing from…
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EUR/AUD Technical analysis, the pair reached the 3rd target of the daily bullish run
Technical analysis for EUR/AUD, the pair reached the 3rd target of the daily bullish run at 2.72 FIB extension at 1.6390, which was also resistance. Now the pair broke down…
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DXY dollar index Technical analysis, breakdown on the four-hour chart a signal for potential further declines
The previous break above the resistance zone between 93.30-93.45 opened the door for a bullish run toward the 0.386 FIB retracement on the monthly chart at 94.50. However, on the four-hour chart, the…
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EUR/USD Technical Analysis, the pair rejected the weekly and daily 50 EMA and 0.386 FIB retracement, resuming the bearish run
EUR/USD technical analysis, the pair rejected the weekly and the daily 50 EMA and the 0.386 FIB retracement, resuming the bearish run. Further decline is in favor, toward first the…
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FXCM Dollar index Technical Analysis, consolidating at resistance unable to breakout decisively, awaiting catalysis
FXCM Dollar index Technical Analysis, consolidating at resistance unable to breakout decisively above the previous weekly high at 11 929. The index closed with a bullish engulfing candle, closing above…
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USD/CHF Technical analysis, the pair is holding support for four weeks on the weekly chart and forming a descending triangle on the daily chart
Technical analysis for the USD/CHF, the pair is holding support and 0.786 FIB retracement for four weeks, consolidating on the weekly chart. This consolidation formed a double bottom and forming…
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USD/CAD Technical Analysis, the pair reached the first target of the third weekly bearish wave and started decelerating
Technical analysis for the USD/CAD, the pair reached the first target of the third weekly bearish wave at 1.272 FIB extension at 1.2000 and started decelerating on the weekly chart….
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DXY dollar index Technical analysis, decelerating on the weekly chart, broke above descending price channel on the 4H chart
DXY dollar index technical analysis, the index is decelerating at support zone for three weeks now, unwilling to break lower for a retest of 2021 low and eventually a retest…
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FXCM dollar index Technical analysis, the index is stuck in a range for four weeks
Technical analysis for the FXCM dollar index, the index is stuck in a range for four weeks. The bias is still to the downside as a continuation of the breakout,…
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EUR/AUD Technical analysis, the pair formed ascending triangle on the daily chart
Technical analysis for EUR/AUD, the pair bounced from ascending trend line on the weekly chart and formed ascending triangle on the daily chart, a signal for further upside potential. If…
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NZD/USD Technical analysis, the pair bounced from 0.7122 and resumed the bullish trend
Technical analysis for the NZD/USD, the pair bounced from the support at 0.7122 with strong bullish momentum, resuming the bullish trend. The first target of the daily bullish run is…
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