ActionForex.com
Sep 01 05:53 GMT

Sponsors

Forex Expos

Forex Weekly Technical Reports

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing any type of analytical method, technical or otherwise, is to stick to the basics, which are methodologies with a proven track record over a long period. After finding a trading system that works for you, the more esoteric fields of study can then be incorporated into your trading toolbox.



IMM Positioning - Room For EUR/USD Downside Yet Again Print E-mail
Weekly Forex Technicals | Written by Danske Bank | Aug 31 15 10:37 GMT
As expected from the price movements seen in FX markets early last week, speculators unwound short EUR and long USD positions alike as the Chinacommodities sell-off accelerated last Tuesday. Indeed, as we wrote in Market Collapse: What now? - Policy responses and market implications, the single currency is now largely acting as a funding currency and has thus increased its safe-haven appeal substantially of late. Overall, last week's positioning suggests there is again room for some EUR/USD downside – but we reckon the ECB may put a stop to the recent slide this week as Draghi is unlikely to commit to more easing at this stage.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Aug 31 15 04:09 GMT
Weekly view: Weekly action shows that early on into last week's trade the EUR/USD began positively. Price traded to fresh highs of 1.1712, breaking above a weekly supply zone at 1.1532-1.1278 which just missed connecting with an ignored weekly Quasimodo level at 1.1745. However, shortly after this the markets took a turn for the worst, dropping all in all a total of 560 pips on the week and closing back below the aforementioned weekly supply area into the close 1.1178. In the event that the sellers manage to hold the market below this supply zone this week, we may see further downside in the direction of weekly demand coming in at 1.0519-1.0798.
Read more...
 
EURCHF - Remains Weak And Vulnerable Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 31 15 02:44 GMT
EURCHF - Having taken back its gains to close lower the past week, further weakness is envisaged in the new week. Support lies at the 1.0700 level where a break will aim at the 1.0650 level and then the 1.0600 level. Its weekly RSI has turned lower suggesting further downside pressure. Conversely, resistance resides at the 1.0800 level where a break will aim at the 1.0850 level. A break of here will have to occur to create scope for a run at the 1.0900 level. Further out, resistance comes in at the 1.0950 level. All in all, EURCHF remains biased to the downside in the short term.
Read more...
 
EURUSD - Bias Remains To The Downside Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 31 15 02:43 GMT
EURUSD - EUR lost its upside momentum to close lower the past week leaving further downside pressure on the cards in the new week. However, note that a consolidation with a pullback higher may occur. Support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level with a turn below that level targeting the 1.0950 level. Its weekly RSI is bearish and pointing lower suggesting further downside pressure. Conversely, resistance is seen at 1.1250 level with a cut through here opening the door for more downside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. All in all, EUR remains biased to the upside on correction.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Aug 24 15 04:32 GMT
The EUR/USD market enjoyed another successful trading week, increasing its value by a little over 270 pips into the close 1.1380. This recent advance saw price drive relatively deep into weekly supply at 1.1532-1.1278, and also shake hands with the underside of a weekly downtrend line extended from the high 1.1532 (pennant upper limit). Turning our attention to the daily timeframe, we can see that ever since price drew support from the 1.1015 on Wednesday heavy buying was seen, consequently closing the week out just below a daily Quasimodo resistance line at 1.1385 (positioned within the aforementioned weekly supply zone).
Read more...
 
USDCHF - Tumbles On Price Sell-Off Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 24 15 02:31 GMT
USDCHF - With USDCHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level. A turn below here will open the door for more weakness to occur towards the 0.9350 level and then the 0.9300 level. A cut through here will open the door for more weakness towards the 0.9250 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 0.9500 level with a breach targeting the 0.9550 level. A respite may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9750 level. All in all, the pair remains biased to the downside.
Read more...
 
EURUSD - Presses Higher, Pressure Turns On The 1.4466 Level Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 24 15 02:29 GMT
EURUSD - With EUR seeing a strong rally the past week, we envisage more strength in the new. However, note that a consolidation with a pullback may occur. Support lies at the 1.1300 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.1250 level with a turn below that level targeting the 1.1200 level. Conversely, resistance is seen at 1.1450 level with a cut through here opening the door for more downside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. All in all, EUR remains biased to the upside on correction.
Read more...
 
EURCHF - Hesitates, Corrective Threat Develops Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 17 15 00:34 GMT
EURCHF - The cross may be biased to the upside in the medium term but its price failure taking back more than half of its gains the past week could trigger a full blown correction. Corrective signs are already seen on the daily chart. Support lies at the 1.0800 level where a break will aim at the 1.0750 level and then the 1.0700 level. A break below here will turn attention to the 1.0650 level. Conversely, resistance resides at the 1.0900 level where a break will aim at the 1.0950 level. A break of here will have to occur to create scope for a run at the 1.1000 level. Further out, resistance comes in at the 1.1050 level. All in all, EURCHF remains biased to the upside in the medium term but caution
Read more...
 
EURUSD - Retains Recovery Tone, Targets More Strength Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Aug 17 15 00:34 GMT
EURUSD - With EUR seeing closing higher the past week, it now faces the risk of following through higher in the new week. Note that we may see a slight pullback in the new week. Support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level with a turn below that level targeting the 1.0900 level. Resistance is seen at 1.1150 level with a cut through here opening the door for more downside towards the 1.1200 level. Further up, resistance lies at the 1.1250 level where a break will expose the 1.1300 level. All in all, EUR remains biased to the upside on correction.
Read more...
 
IMM Positioning: Investors Add Broad-Based Long USD Positions Print E-mail
Weekly Forex Technicals | Written by Danske Bank | Aug 10 15 10:18 GMT
IMM positioning data released on Friday reveal a continuation in the buildup of speculative long USD positions. Last week marked the fifth consecutive week of net long builds, which has sent non-commercial ‘greenback’ positioning to its highest level since early June (96th percentile). Notably, the bullish USD positions added last week were very broad based across different currencies and marked the largest single week’s bullish buildup in nine weeks. Fundamentally, we also expect a stronger USD in the coming months. However, we emphasize that we expect the next leg lower in EUR/USD to be driven by a significant re-pricing of Fed monetary policy which should drive an increase in the market-implied probability of a September Fed hike (currently roughly 50%). As recent weeks have illustrated, market participants have been quick to take profit following strong US data. Consequently, we think the September Fed meeting needs to be nearer before we can see the next substantial trend lower in EUR/USD. We target the cross at 1.04 in 3M.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 30

Latest in Technical Analysis

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Analysis Reports

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Forex Brokers

ActionForex.com © 2015 All rights reserved.