ActionForex.com
Jan 18 07:50 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.



GOLD - Targets Further Upside Pressure On Price Extension Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 17 17 02:57 GMT
GOLD - The commodity remains biased to the upside following its price extension the past week. This development leaves more strength to the upside in the new week. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the 1,170.00 level. Below here if seen could trigger further downside pressure targeting the 1,160.00 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 recover further higher.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Jan 16 17 06:22 GMT
As is shown on the weekly chart, the EUR was seen flexing its financial muscle somewhat last week with price tapping highs of 1.0684. Should we see a similar picture this week, it’s likely that the unit will shake hands with the long-term weekly trendline resistance extended from the low 0.8231. Therefore, do keep an eyeball on this line this week.
Read more...
 
USDCHF - Remains Vulnerable To The Downside But With Caution Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 16 17 02:57 GMT
USDCHF - The pair closed further lower the past week though we could see a recovery higher in the new week. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.0000 level and then the 0.9950 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 1.0150 level where a break will clear the way for more strength to occur towards the 1.0200 level. Further out, resistance comes in at the 1.0250 level. All in all, USDCHF remains biased to the downside on further weakness.
Read more...
 
EURUSD - Bullish, Retains Its Recovery Bias Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 16 17 02:57 GMT
EURUSD - With the pair closing higher the past week, further bullishness is expected in the new week. On the down, 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. Conversely, 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. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further upside pressure but with caution.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Jan 09 17 07:15 GMT
Since mid-December, weekly action has been drifting around a long-term weekly support area drawn from 1.0333-1.0502. Over the last week, however, despite candle action printing somewhat of an indecision candle, the major managed to close above the 2017 yearly opening level at 1.0515, which could lead to a move up to long-term weekly trendline resistance extended from the low 0.8231. Thus, do keep an eyeball on this line this week.
Read more...
 
EURUSD - Vulnerable, Faces Corrective Pull Back Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 09 17 03:17 GMT
EURUSD - The pair may have closed slightly higher on the weekly chart the past week but faces corrective pullback threats. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Conversely, on the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level. All in all, EURUSD faces further downside pressure medium term.
Read more...
 
GOLD - Sees Corrective Recovery Higher But With Caution Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Jan 09 17 03:15 GMT
GOLD - The commodity closed higher the past but could face correction in the new week. On the downside, support comes in at the 1,160.00 level where a break will turn attention to the 1,150.00 level. Further down, a cut through here will open the door for a move lower towards the 1,140.00 level. Below here if seen could trigger further downside pressure targeting the 1,130.00 level. Conversely, resistance resides at the 1,180.00 level where a break will aim at the 1,190.00 level. A turn above there will expose the 1,200.00 level. Further out, resistance stands at the 1,250.00 level. All in all, GOLD looks to weaken further on trend resumption.
Read more...
 
EURUSD: Retains Broader Downside Bias With Trend Resumption Risk Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Dec 27 16 04:55 GMT
EURUSD: The pair continues to face downside pressure medium term as it looks to resume is its broader weakness presently on hold. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0500 level with a cut through here opening the door for more upside towards the 1.0550 level.
Read more...
 
Weekly Technical Outlook And Review Print E-mail
Weekly Forex Technicals | Written by IC Markets | Dec 19 16 05:18 GMT
Motivated by the Fed's decision to increase the benchmark interest rate 25 bps on Wednesday, the shared currency sustained further losses last week. This, as you can see, drove the pair deeper into a major support area chiseled in at 1.0333-1.0502, which can be seen stretching as far back as 1997. Despite the small end-of-week correction seen from last week's candle, traders still need to be prepared for the possibility of further selling in the weeks ahead, given the dollar's current position both technically and fundamentally. In the event of a breakdown through the current area, the next barrier in the spotlight falls in at 1.0138, a support level that also claims an impressive history.
Read more...
 
EURUSD - Retains Its Broader Downside Bias But With Caution Print E-mail
Weekly Forex Technicals | Written by FXTechstrategy | Dec 19 16 01:59 GMT
EURUSD - The pair continues to hold on to its downside pressure leaving risk lower in the new week. However, we could see a mild price recovery higher. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0500 level with a cut through here opening the door for more upside towards the 1.0550 level. Further up, resistance lies at the 1.0600 level where a break will expose the 1.0650 level. All in all, EURUSD faces further Downside pressure.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 54

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 © 2017 All rights reserved.