The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Resistance is broken but bulls are not feeling very well above this barrier. False break is possible, where prices will be pushed back to resistance once again.
Support level stays as major factor for bears, this is a strong barrier in order to continue its current movement downside.
Resistance level looks like is very strong barrier for bulls, potential breach by this level couldn't occur. While this barrier holds, bulls have issues in order to extend their current uptrend movement.
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The AUD continues its recent retrace. Many traders use different time frames for different currency pairs. The longer the time frame the more valid the pattern you are charting is.
EURUSD strong movement downside is continued, at the moment candles are formed in very low trading range.
After new highs, concentration is formed by resistance line. While support stays active, buying options are better to look for.
Bouncing between support and resistance levels are still possible further.
Concentration around support level is extended, bears and bulls can decide which direction to take.
We have noted several times a formation we refer to as a Step pattern. More commonly this is identified by Lower Lows and Lower Highs and vice versa.
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EURUSD became bearish and negative trend began. Under 1.4874 price level, it is better to take short positions.
Bulls strength is concentrated by the resistance level, today we can still expect to see a breakout by this significant barrier.
Boring movements, but with a potential to reach new highs.
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Sign up to get the latest market updates and free signals directly to your inbox.After recent highs, this pair slided downside and formed low trading range between support and resistance price levels.
EURUSD has entered neutral zone, after a breakout by resistance level, bears initiated further movement downside.
After recent low movements, bulls are still not giving up.