The pair closed with another high-test candle on the monthly chart, forming tweezer tops. On the weekly chart, the price breaks below the previous weekly closing low, a hint for…
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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.
DXY dollar index – broke above previous daily high extending the pullback on the daily chart
The index broke above previous weekly and daily high, extending the pullback on the daily chart. The first target for this daily bullish run is at 1.272 FIB extension around…
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FXCM dollar index – broke above descending wedge weekly charts
The index broke above descending wedge on the weekly, and the daily charts and above the previous daily and weekly high. The first target for this breakout is at 1.272…
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DXY dollar index retested and rejected the breakout of descending wedge on the weekly chart
The index closed the week with a bullish low-test candle rejecting the breakout of a descending wedge on the weekly chart. The rejection on the weekly chart materialized on the…
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FXCM dollar index bounced strong, closing with bullish engulfing on the weekly chart
Despite the strong bullish momentum from the last week and the closing with a bullish engulfing candle on the weekly chart, the price reached resistance, and we need further price…
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EUR/USD – formed potential Head and Shoulders on the 4H chart
The price formed potential Head and Shoulders on the 4H chart, if we see a break above the resistance zone between 1.2170 – 1.2190 we will see further upside toward…
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DXY dollar index – broke below the bearish flag on the 4H chart
The price broke below the bearish flag on the 4H chart and formed Head and Shoulders on the 4H chart. If the price break below 89.92 we will see further…
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FXCM dollar index – broke below the bearish flag on the 4H chart
The price broke below the bearish flag on the 4H chart and below the neckline on the 4H Head and Shoulders, resuming the bearish monthly, weekly, daily trend. The first target…
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AUD/CHF – broke above previous high and an important resistance zone
The price broke above the previous high and an important resistance zone above 0.6950. The first target for this breakout is at 0.618 FIB extension around 0.7240, second target is…
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CAD/CHF – broke above an important resistance zone on the daily weekly chart
Last week the price broke above a resistance zone which has been holding the bulls since June 2020, the breakout was on both the weekly and the daily chart. The…
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GBP/CHF – broke 7 months range to the upside
Technical analysis – 7–13 February 2021 The price broke 6–7 months range to the upside on the weekly, daily charts and breaking descending triangle to the upside on the monthly…
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USD/CHF – broke above wedge on the weekly chart
Technical analysis for 7 – 13 February 2021 Another USD pair breaking to the upside, last week. The price broke above descending wedge on the weekly chart and above the…
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