The quarterly and the monthly chart review that the long-term bearish trend has concluded in 2010 with double bottoms and bounce from dynamic support in 2012. That bounce led to…
Read the post
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.
GBP/AUD – TECHNICAL ANALYSIS for 2021
Looking at the quarterly chart we can determinate that the bearish trend hasn’t concluded yet we are in the 4th wave pullback and below key resistance zone, below 2.0880! Therefore,…
Read the post
EUR/AUD – TECHNICAL ANALYSIS for 2021
Looking at the quarterly chart we can find the following strong support resistance zone, between 1.6200 – 1.5550, 1.5370 the bottom of that zone. The daily chart is within 3rd…
Read the post
EUR-JPY – TECHNICAL ANALYSIS for 2021
The pair formed double bottoms on the monthly chart in May 2020 rejecting the support around 115.00. The weekly chart is now within 3rd wave of the bullish trend, the…
Read the post
USD/SGD – TECHNICAL ANALYSIS for 2021
The pair failed to continue to the upside and to extend bullish break out on the monthly chart, that happened in December 2014. Instead during the COV19 pandemic the price…
Read the post
AUD/USD – TECHNICAL ANALYSIS for 2021
The price broke briefly below the 2008 low in the beginning of the COV19 pandemic, but held that support on the monthly chart. Eventually we saw break above key horizontal…
Read the post
AUD/CAD – TECHNICAL ANALYSIS for 2021
The pair perhaps completed its 3rd bullish wave on the daily chart when it reached the second target of that wave at 1.618 FIB extension around 0.9660. Now the pair…
Read the post
GBP/CHF – TECHNICAL ANALYSIS for 2021
On the monthly chart the price held the 2011 low, despite the brief break below it on the daily and the weekly charts. While holding this support around 1.1470, the…
Read the post
NZD/CHF – TECHNICAL ANALYSIS for 2021
The price held that 2009 low on the monthly chart, despite the fact that briefly broke below it on the weekly and daily chart in the begging of the COV19…
Read the post
GBP/NZD – TECHNICAL ANALYSIS for 2021
The price action is bearish on the monthly, weekly and the daily chart, the pair broke below key support zone, below 1.9050 – 1.8950. Next support which is now the…
Read the post
CAD/JPY – TECHNICAL ANALYSIS for 2021
The pair rejected strong support around 75.00 and started a bullish run. At the moment the price is attempting break above both dynamic and horizontal resistance between 81.50 – 82.00….
Read the post
EUR/NZD – TECHNICAL ANALYSIS for 2021
After the initial spike in the beginning of the pandemic the price rose briefly above key resistance between 1.8650 – 1.8850, however, it was not able to close above it…
Read the post
