Technical analysis for the EUR/USD, the pair is facing a descending trend line, resistance zone, and the50 EMA on the weekly chart. A break above this resistance zone between 1.0550-1.0625,…
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FXCM Dollar Index Technical Analysis, the index formed a double-top
Technical analysis for the FXCM dollar index, the price formed a double-top pattern on the daily chart rejecting the top of ascending price channel on both the daily and the…
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CHF/JPY Technical analysis, the pair formed a high-test pattern on the weekly chart
Technical analysis for the CHF/JPY, the pair formed a high-test pattern on the weekly chart, signaling a potential pullback. The first target for this pullback is the 0.382 FIB retracement…
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GBP/USD Technical Analysis, the pair formed a low-test rejecting resistance
Technical analysis for GBP/USD, the pair formed a low-test pattern on the weekly and the daily charts, rejecting the 2020 low, signaling the begging of a bounce. The first target…
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DXY Index Technical Analysis, the index formed a Head & Shoulder pattern rejecting resistance
Technical analysis for the DXY, the index rejected resistance and 0.786 FIB retracement on the monthly chart at 109.80 with a bearish inside bar on the weekly chart and Head…
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AUD/USD Technical Analysis, the pair formed a double bottom
Technical analysis for AUD/USD, the pair formed a double bottom on the weekly chart, rejecting the 0.500 FIB retracement on the monthly chart, signaling a potential bounce. The first target…
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EUR/USD Technical Analysis, the pullback reached the first target
Technical analysis for EUR/USD, the pullback which started with the morning star pattern on the weekly chart reached the first target, the 0.382 FIB retracement at 1.0270. The focus now…
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USD/JPY Technical Analysis, the pair broke below an ascending wedge
Technical analysis for USD/JPY, the pair reached the second target of the bullish wave on the monthly chart, the 1.618 FIB extension at 139.35, and rejected it. The rejection manifested…
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GBP/USD Technical Analysis, the price formed Head and Shoulder pattern
Technical analysis for GBP/USD, the price reached the second target for the bearish wave on the monthly chart, the 1.618 FIB extension around 1.1990-1.2000, and bounced from it, starting a…
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DXY Dollar Index Technical Analysis, the index rejected resistance starting a pullback
Technical analysis for the DXY dollar index, the index reached both dynamic and horizontal resistance and the 2.618 FIB extension on the monthly chart at 108.55. The dollar index went…
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FXCM Dollar index Technical analysis, the index reached the second target of the bullish wave
Technical analysis for the FXCM dollar index, the index reached the second target of the bullish wave on the monthly chart, the 1.618 FIB extension at 13 120. On the…
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USD/CAD Technical analysis, the pair broke out to the upside
Technical analysis for USD/CAD, the pair broke out above a six months resistance, above the double tops on the daily chart, and above the 0.382 FIB retracement on the weekly…
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