ActionForex.com
Feb 25 04:57 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.



EURUSD - Vulnerable To Downside Though With Caution Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 20 17 02:35 GMT
EURUSD - With the pair closing strongly lower on Friday, further weakness is envisaged. On the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Conversely, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURUSD faces further downside pressure.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Feb 13 17 05:59 GMT
Recent trade shows that the EUR/USD extended its bounce from the weekly resistance level at 1.0819, and ended the week chalking up a near-full-bodied weekly bearish candle. Provided that the bears remain in the driving seat here, the next weekly support target on tap can be seen at 1.0515: the 2017 yearly opening level which happens to be strengthened by a weekly support area drawn from 1.0333-1.0502.
Read more...
 
EURUSD - Vulnerable, Targets Further Weakness Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 13 17 02:38 GMT
EURUSD - With the pair closing lower the past week on correction, further weakness may occur in the new week. However, we think a move back up could happen. On the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. All in all, EURUSD faces further downside pressure but with caution.
Read more...
 
GOLD - Targets Further Upside Pressure Short Term Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 13 17 02:36 GMT
GOLD - The commodity continues to retain its upside pressure leaving risk higher prices in the new week on the cards. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level. Further down, a cut through here will open the door for a move lower towards the 1,210.00 level. Below here if seen could trigger further downside pressure targeting the 1,200.00 level. Conversely, resistance resides at the 1,240.00 level where a break will aim at the 1,250.00 level. A turn above there will expose the 1,260.00 level. Further out, resistance stands at the 1,270.00 level. All in all, GOLD looks to strengthen further.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Feb 06 17 04:56 GMT
In spite of the prior week's palpable selling wick, last week's movement chalked up a nice-looking weekly bullish engulfing candle, which, as you can see, forced the pair to cross swords with a weekly resistance level coming in at 1.0819. This – coupled with the 2016 yearly opening level located just above it at 1.0873, could very well see buying fade this week.
Read more...
 
EURUSD - Risk Remains Higher On More Strength Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 06 17 02:52 GMT
EURUSD - With the pair closing higher the past week, further bullishness is envisaged in the new week. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure short term.
Read more...
 
GOLD - Threatens Further Bullish Offensive Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Feb 06 17 02:50 GMT
GOLD - The commodity continues to hold on to its upside pressure as it looks to follow through higher in the new week. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00 level. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, GOLD looks to strengthen further.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Jan 30 17 05:35 GMT
Despite the pair ranging over 100 pips last week, EUR/USD prices are little changed. What is notable from a technical perspective, nevertheless, is the reaction seen from the long-term weekly trendline resistance (stretched from the low 0.8231), which consequently formed a strong-looking weekly selling wick. Providing that the bears remain in the driving seat here, the next downside objective on the weekly timeframe comes in at 1.0333-1.0502: a weekly support area that's positioned directly below the 2017 yearly opening level at 1.0515.
Read more...
 
EURUSD - Risk Remains Lower On Further Weakness Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 30 17 01:39 GMT
EURUSD - With the pair closing flat the past week after rejecting higher prices the past week, further weakness is likely in the new week. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces further downside pressure in the new week as long as it trades and holds below the 1.0774 zone.
Read more...
 
GOLD - Bearish, Declines On Correction Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 30 17 01:36 GMT
GOLD - The commodity closed lower the past week leaving risk of more weakness on the cards in the new week. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a move lower towards the 1,160.00 level. Below here if seen could trigger further downside pressure targeting the 1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the 1,210.00 level. A turn above there will expose the 1,220.00 level. Further out, resistance stands at the 1,230.00 level. All in all, GOLD looks to weaken further.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 56
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Analysis Reports

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Forex Brokers

ActionForex.com © 2017 All rights reserved.