technical analysis for 7–13 February 2021 Last week the price broke above descending price channel, dynamic resistance, and previous daily high above 104.40. The first target of this break is…
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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.
EUR/USD – broke down below ascending wedge
Technical analysis for 7-13 February 2021 Last week we witnessed a breakdown, the price broke below the key support at 1.2055, below the pennant pattern, and below ascending wedge on…
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DXY dollar index – technical analysis for 7–13 February 2021
The DXY index is painting a different picture than the FXCM dollar index. The DXY broke above descending wedge on the weekly and the daily charts, and also broke above…
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FXCM dollar index – broke out of a range
technical analysis – 7 – 13 February 2021 It was an interesting week for the USD, we witnessed break out of a range, to the upside, on the 4H and…
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USD/CHF – TECHNICAL ANALYSIS for 2021
Bearish monthly, weekly and daily chart. The first target for this bearish monthly run is the 1.272 FIB around 0.8550, but before that we have some support around 0.8700. This…
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NZD/USD – TECHNICAL ANALYSIS for 2021
After the break above key resistance around 0.6800 the price accelerated to the upside. Next key resistance level to watch is the 0.7400 – 0.7550. The price is within its…
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AUD/JPY – TECHNICAL ANALYSIS for 2021
The price broke above key dynamic and horizontal resistance and is now within its 3rd bullish wave in the monthly, weekly and the daily chart. The first target of the…
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USD/CAD – TECHNICAL ANALYSIS for 2021
On the monthly chart we can see double tops rejecting key resistance zone around 1.4430 and since then the price broke below, first dynamic support and then strong horizontal support…
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GBP/JPY – TECHNICAL ANALYSIS for 2021
The pair formed double bottom on the monthly and weekly chart rejecting strong support around 127.00. If the price break above the descending triangle on the monthly and weekly charts,…
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GBP/USD – TECHNICAL ANALYSIS for 2021
The price broke descending triangle to the upside on both the monthly and the weekly and it is attempting to break above dynamic resistance on the monthly. Also, the pair…
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USD/JPY – TECHNICAL ANALYSIS for 2021
On the weekly chart the price broke below important support and descending triangle. That support is now resistance between 104.50 – 105.50 and must be watched for rejection and resumption…
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AUD/CHF – TECHNICAL ANALYSIS for 2021
During the volatility in the beginning of the COV19 pandemic the pair briefly broke below 2015 all-time low, and reached as low as 0.5344. However, the price formed low test…
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