Forex Technical Analysis
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Forex Technical Analysis

Forex Technical Analysis

Daily technical analysis reports for the main forex markets including EUR/USD, GBP/USD, USD/JPY and EUR/GBP.
EUR/USD Technical Analysis Euro/Dollar
GBP/USD Technical Analysis Sterling/Dollar
USD/JPY Technical Analysis Dollar/Yen
EUR/GBP Technical Analysis Euro/Sterling
USD/CHF Technical Analysis Dollar/Swiss Franc

The following analysis covers short-term and long-term price movements. The different analysts give their interpretation of the support/resistance levels as well as market direction.

For more technical analysis also see:
Stock Market Technical Analysis Stock Market Technical Analysis
Commodities Technical Analysis Commodities Technical Analysis

Forex Technical Analysis - Updated: 22 February 2017

EUR/USD Technical Analysis

GBP/USD Technical Analysis

USD/JPY Technical Analysis

EUR/GBP Technical Analysis

13-Dec-13 EUR/GBP Technical Analysis [8:07am] EUR/GBP Technical Analysis (30 mins chart)
  • EUR/GBP pivot point: £0.839
  • Our preference: Long positions above £0.839 with targets @ £0.843 & £0.845 in extension.
  • Alternative scenario: Below £0.839 look for further downside with £0.837 & £0.8345 as targets.
Comment: the pair has rebounded above its support and remains supported by a rising trend line.

Update by CleanFinancial

USD/CHF Technical Analysis

For more forex views or technical analysis see:
Readers please note:

Applying Technical Analysis to Forex Markets

Below, an older but still useful case study on the euro/dollar market by Shai Heffetz, InterTrader, 27-Sep-2011.

After a fairly strong bull run on the forex markets between January and April 2011, the euro started moving mainly sideways for about four months.

Towards the end of August, it started dropping and, on the 2nd of September, it closed decisively below the Ichimoku Kinko Hyo cloud at $1.41940, see the chart below.

Since then it has been downhill all the time, except for a short corrective run between the 11 and 15 September.

At the time of writing, 27 September, it stands at $1.3535, more than 1,000 points below the recent high of $1.4548 it briefly touched on the 29th of August 2011.

The underlying reason for this must surely be the lingering European debt crisis and the fact that it looks very likely that Greece will default on its debt repayments.

Countries like France are heavily exposed to Greek debt and this has already resulted in two major French banks having their credit ratings downgraded.

If Greece is able to honour its commitments, this time at least, we might well see a short-term resurgence in the price of the euro/dollar spread betting market. Over the medium term, prospects remain bleak though.

Returning to the chart, all aspects of the analysis shout ‘Bear Market’.

Euro - Dollar Spread Betting Chart

The price is far below the cloud of the Ichimoku Kinko Hyo and is also below both the blue Kijun Sen and red Tenkan Sen lines. The green Chinkou Span line is far below the price 26 periods ago, further confirming that we are in a bear market right now.

Those spread betting investors looking for a medium term long trade should wait for the price to rise above the Ichimoku cloud again, which could be a long wait.

Short traders should look for new lows, below the recent low of $1.33614, before entering a trade.

Trading Risk Warning
'Forex Technical Analysis' edited by Jacob Wood, updated 22-Feb-17

Commodities Analysis Index - an Index of Daily Commodities Analysis articles covering Trends, Supports and Resistance Levels for some of the major commodities markets including Crude Oil, Natural Gas, Gold, Silver and Coffee.

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