Technical Comments

GBPUSD failed to pass 1.5820

Having failed to pass the 1.5820 resistance, GBPUSD looks as if it will retrace and test support at 1.5780. A successful breakdown at 1.5780 places 1.5766 as the immediate target, but if it holds here it will likely bounce back to resistance at 1.5850. (ARS)

Full story

Aussie has a potential breakout

There is a potential breakout scenario developing on the H4 chart of AUDUSD. We are looking for a move above the 1.0780 resistance, which should see it continue on to 1.0814 and 1.0840. (ARS)

Full story

GBPUSD quickly rebounds

GBPUSD quickly rebounds

Ahead of the U.S. market open,  GBPUSD has tested support at the uptrend line H4 chart (now at 1.5679), and the pair reacted rapidly with the rebound towards 1.5780 resistance zone. Rebound that occurs quickly also breaking through the intraday down trend line at 1.5705 zone. Both levels are significant levels for intraday movement. Recent [...]

Full story

Sterling found support

Based on the H4 chart, GBPUSD is currently located in the strong support and 38% Fibonacci retracement level. If this level can hold, GBPUSD could rebound towards 1.5741 and 1.5820. But the bearish target if price breaks down support are 1.5611 and 1.5660. Stochastic indicator is oversold. (ARS)

Full story

AUDUSD goes to 1.08

AUDUSD goes to 1.08

AUDUSD has been caught within a narrow range for a while now, but on the H1 chart we see a bullish formation developing, with a breakout above resistance at 1.0754 likely to see it advance to or very near 1.0806. Initial support level at 1.0710. (MT)

Full story

EURUSD maintains sideways pattern

EURUSD maintains sideways pattern

As seen on the intraday chart, EURUSD is still moving in a sideways pattern, consolidating between 1.3320 and a significant support at 1.3024. Until now the formed pattern on the H4 chart is an expanding triangle. This pattern will probably continue in the next few days. On a smaller time frame clearly visible EURUSD still [...]

Full story

GBPUSD maintains intraday down trend

GBPUSD maintains intraday down trend

As seen on intraday charts, GBPUSD maintains its downwards movement as it continues trading inside a sliding channel. The pair has tested the lower line of the channel which is at current low at 1.5660. The area is also the 38.2% Fibonacci retracement level of previous uptrend from 1.5234 to 1.5928. If this support zone [...]

Full story

USDCHF wants to 0.92

USDCHF wants to 0.92

There is a potential breakout scenario developing on the H1 chart of USDCHF. We are looking for a move above the 0.9156 resistance, which should see it continue on to 0.9200 with initial support at 0.9110. (MT)

Full story

EURUSD stays under pressure on intraday trading

EURUSD stays under pressure on intraday trading

Intraday EURUSD trend is likely to decline. However, this intraday down trend does not seem so strong. As seen on H4 chart, until now EURUSD is still moving on the uptrend line (1.3155) and 120-period SMA (1.3075). It is apparent that buyers still dominate the EURUSD trading in the last three days though continue to [...]

Full story

Poundsterling goes to 1.5699

After breaking down below key support at 1.5792, the next target for GBPUSD is 1.5699. First resistance is now 1. 5814, and if this level holds firm in the near term, it may well fall to the 1.5699 support. (MT)

Full story


Page 1 of 45612345...102030...Last »