FXTechstrategy Posted October 20, 2017 Author Report Share Posted October 20, 2017 GBPUSD Backs Off Lower Prices, Eyes Further Recovery GBPUSD: The With a temporary bottom seen, we may see  further recovery higher. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD continues to face further downside pressure but with caution of a recovery. Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 22, 2017 Author Report Share Posted October 22, 2017 EURUSD Outlook Lower On Corrective Pullbacks EURUSD: With the pair seen closing lower the past week, more weakness is envisaged. Resistance comes in at 1.1850 levels with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD continues to face downside threats. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 25, 2017 Author Report Share Posted October 25, 2017 GBPUSD: Reverses Losses On A Rally, Eyes 1.3300 Zone GBPUSD: The pair took back its Tuesday losses on a rally on Wednesday. This development has opened the door for more strength towards the 1.3300 zone. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. On the whole, GBPUSD continues to face further upside threats on recovery. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 26, 2017 Author Report Share Posted October 26, 2017 EURGBP: Vulnerable, Eyes Move Towards The 0.8855 Zone EURGBP- The cross remains biased to downside and looks to extend that weakness with eyes on 0.8855 level. Support lies at the 0.8850 Level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting further decline. Resistance resides at the 0.8950 level where a violation if seen will turn risk towards the 0.9000 level. Further up, resistance resides at 0.9050 level followed by the 0.9100 level. All in all, EURGBP remains biased to the downside on further weakness  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 29, 2017 Author Report Share Posted October 29, 2017 EURUSD Bearish, Vulnerable But With Caution EURUSD: With the pair selling off the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. Its weekly RSI is bearish and pointing lower suggesting further weakness. Â All in all, EURUSD continues to face downside threats but with caution of a recovery. Â Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 30, 2017 Author Report Share Posted October 30, 2017 GBPUSD Triggers Recovery Higher With Eyes On Key Resistance GBPUSD: The pair was seen triggering a recovery during early trading today following its price rejection on Friday. This leaves the pair targeting more strength in the days ahead possibly towards the 1.3278 zone. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 levels with a turn above here allowing more strength to build up towards the 1.3250 level. Further out, resistance resides at the 1.3300 level followed by the 1.3350 level. On the whole, GBPUSD continues to face further upside pressure on recovery. Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted October 31, 2017 Author Report Share Posted October 31, 2017 CRUDE OIL: Retains Broader Uptrend, Eyes The 55.21 Zone CRUDE OIL: The commodity may be hesitating but it retains its broader medium term uptrend. On the downside, support resides at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support resides at the 52.00 level. On the upside, resistance resides at the 54.50 level. Further out, resistance comes in at the 55.00 level. A break above here will aim at the 55.50 level and then the 56.00 level followed by the 56.50 level. Its weekly RSI is bullish and pointing higher suggesting more strength in the medium term. All in all, CRUDE OIL remains biased to the upside in the medium term. Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 5, 2017 Author Report Share Posted November 5, 2017 EURUSD Remains Vulnerable To The Downside On Bear Pressure EURUSD: With the pair trading flat following price rejection the past week, more weakness is likely. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further recovery higher.  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 6, 2017 Author Report Share Posted November 6, 2017 EURGBP: Weakens On Price Follow Through EURGBP- The cross saw a follow through lower on Monday. This is coming on the of its Friday weakness. Support lies at the 0.8800 Level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 0.8900 level where a violation if seen will turn risk towards the 0.8950 level. Further up, resistance resides at 0.9000 level followed by the 0.9050 level. All in all, EURGBP remains biased to the downside. Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 8, 2017 Author Report Share Posted November 8, 2017 USDJPY Remains Vulnerable On Correction USDJPY: The pair remains weak and vulnerable to the downside. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A cut through here will turn focus to the 112.50 level and possibly lower towards the 112.00 level. On the upside, resistance resides at the 114.50 level. Further out, we envisage a possible move towards the 115.00 level. Further out, resistance resides at the 115.50 level with a turn above here aiming at the 116.00 level. On the whole, USDJPY faces pullback threats on correction  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 9, 2017 Author Report Share Posted November 9, 2017 EURUSD: Pressure Builds Up On Corrective Recovery Higher EURUSD: With the pair still holding on its recovery threats, further push higher is expected. Resistance comes in at 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further corrective recovery threats.  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 12, 2017 Author Report Share Posted November 12, 2017 EURUSD: Pressure Builds Up On The Upside, Eyes The 1.1724 Zone EURUSD: With the pair backing off lower prices to close higher the past week, more strength is likely. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further corrective recovery threats.  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 13, 2017 Author Report Share Posted November 13, 2017 USDJPY: Outlook Remains Lower With Eyes On 112.95 Zone USDJPY: The pair remains weak and vulnerable to the downside with eyes on its key support located at 112.95 area. On the downside, support comes in at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 114.00 level. On the upside, resistance resides at the 114.00 level. Further out, we envisage a possible move towards the 114.50 level. Further out, resistance resides at the 115.00 level with a turn above here aiming at the 115.50 level. On the whole, USDJPY faces further pullback threats. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 20, 2017 Author Report Share Posted November 20, 2017 GBPUSD Consolidates But With Bull Risk GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the whole, GBPUSD continues to face upside pressure but with caution. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted November 26, 2017 Author Report Share Posted November 26, 2017 EURUSD Looks To Extend Its Upside Pressure EURUSD: The pair remains biased to the upside leaving risk of more strength in the new week. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further recovery threats in the new week.  Quote Link to comment Share on other sites More sharing options...
Bill Lawry Posted November 29, 2017 Report Share Posted November 29, 2017 Forex is 24 hour market and here each historical price is information. So by using information we can use technical analysis of market by using trends, charts and indicators. By analyzing historical prices one can understand current trends of market and forecast future price movements. I am also trying to use technical analysis on currency since I am working as a trader in currency exchange market. And my broker AAFX is providing its continuous help in it. Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 4, 2017 Author Report Share Posted December 4, 2017 GBPUSD: Bullish, Biased To The Upside On Trend Resumption GBPUSD: The pair now faces risk of a trend resumption after reversing its Friday losses on during Monday trading session. Support lies at the 1.3500 level where a break will turn attention to the 1.3450 level. Further down, support lies at the 1.3400 level. Below here will set the stage for more weakness towards the 1.3350 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face upside pressure short term. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 10, 2017 Author Report Share Posted December 10, 2017 EURUSD Closes Lower On Bear Pressure But With Caution EURUSD: The pair weakened further the past week leaving risk of more decline on the cards. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD faces further downside weakness  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 11, 2017 Author Report Share Posted December 11, 2017 GBPUSD: Bearish, Looks To Weaken Further GBPUSD: The pair closed lower the past leaving risk of more weakness on the cards in the new week. Support lies at the 1.3350 level where a break will turn attention to the 1.3300 level. Further down, support lies at the 1.3250 level. Below here will set the stage for more weakness towards the 1.3200 level. Conversely, resistance stands at the 1.3450 levels with a turn above here allowing more strength to build up towards the 1.3500 level. Further out, resistance resides at the 1.3550 level followed by the 1.3600 level. On the whole, GBPUSD looks to pullback further.   Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 12, 2017 Author Report Share Posted December 12, 2017 EURUSD: Vulnerable, Looks To Resume  Short Term Downtrend EURUSD: The pair looks to resume its short term downtrend following its upside price rejection. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside pressure short term.  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 13, 2017 Author Report Share Posted December 13, 2017 USDCHF: Hesitates, Upside Risk Builds Up USDCHF: The With the pair continuing reject lower prices risk of a recovery higher is likely. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further upside pressure but with caution  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 16, 2017 Author Report Share Posted December 16, 2017 GBPJPY: Closes Lower, Eyes More Weakness GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here will target the 148.50 level followed by the 148.00 level. Conversely, resistance is seen at the 150.50 level followed by the 151.00 level. A cut through that level will set the stage for a move further higher towards the 151.50 level. Further out, resistance resides at the 152.00 level. All in all, GBPJPY remains biased to the downside nearer term. Â Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 20, 2017 Author Report Share Posted December 20, 2017 USDJPY: Bullish, Eyes Further Upside Pressure USDJPY: The pair closed higher on Tuesday  following through higher on Wednesday. On the downside, support lies at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, USDJPY faces further upside threats.  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 26, 2017 Author Report Share Posted December 26, 2017 EURUSD: Looks To Build Up On Strength EURUSD: The pair now looks to build up on its past week gains though seeing price hesitation on Friday. On the upside, resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will expose the 1.2050 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD faces further downside weakness  Quote Link to comment Share on other sites More sharing options...
FXTechstrategy Posted December 31, 2017 Author Report Share Posted December 31, 2017 EURUSD: Closes Higher, Eyes Further Upside Pressure EURUSD: The pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further upside pressure  Quote Link to comment Share on other sites More sharing options...
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