Technical Analysis

Note: This section contains information in English only.
Fri, 14 Feb 2014 15:02:53 GMT

EUR/JPY trapped between monthly PP and 100-day SMA

Considering the currency pair's behaviour during the previous month, it looks as if EUR/JPY formed a broadening wedge pattern that usually portends a reversal; in this case—end of the bearish correction.

Fri, 14 Feb 2014 07:48:17 GMT

USD/CHF prepares to test 0.89

As suspected, USD/CHF violated the lower boundary of the symmetrical triangle and plunged all the way down to 0.8937/20, where it is currently underpinned by the weekly and monthly S1 levels.

Fri, 14 Feb 2014 07:48:11 GMT

USD/JPY slips below 100-day SMA

Even though USD/JPY has recently broken out of the falling wedge pattern and then was able to gain a toehold above a formidable support zone, it remains too heavy to commence a recovery.

Fri, 14 Feb 2014 07:47:40 GMT

GBP/USD eyes 1.6750

Despite the obstacles the Sterling encounters, the currency is unceasingly moving forward.

Fri, 14 Feb 2014 07:47:34 GMT

EUR/USD breaches 1.3642

After EUR/USD dipped down to the monthly pivot point, some of the technical indicators turned bullish.

Thu, 13 Feb 2014 16:33:33 GMT

NZD/USD aiming at weekly R1

Pair did not manage to extend it's gains above the weekly R1 yesterday, but it is trying to do so today.

Thu, 13 Feb 2014 16:33:21 GMT

USD/CAD supported by the monthly PP

Pair continues to demonstrate bearish bias, but monthly PP keeps it floating.

Thu, 13 Feb 2014 16:33:10 GMT

AUD/USD fails to reach new high

Pair failed to form a new 2014 high and has dipped below the 90 cent mark.

Thu, 13 Feb 2014 16:32:57 GMT

EUR/JPY consolidates above 139 JPY

Pair has completely lost it's bullish momentum and at the moment is consolidating above the 139 JPY mark.

Thu, 13 Feb 2014 07:54:13 GMT

USD/CHF to break-out from triangle

USD/CHF has formed a symmetrical triangle pattern and the currency pair is presently trading close to the apex of the figure, implying that the break-out is just around the corner.

Thu, 13 Feb 2014 07:54:07 GMT

USD/JPY stays at 100-day SMA

As it turned out, the bullish momentum of USD/JPY is still weak, since the currency pair failed to decouple from the support at 102.05/101.96.

Thu, 13 Feb 2014 07:53:57 GMT

GBP/USD to challenge monthly R1

GBP/USD ignored the resistance at 1.6500/1.6470 (2011 highs and monthly PP) and soared up to the next important supply area at 1.6674/32.

Thu, 13 Feb 2014 07:53:51 GMT

EUR/USD restrained by falling resistance line

EUR/USD is still struggling to overcome the resistance at 1.3642, which consists of the 55-day SMA and one-month falling trend line, even though the price seems to be well-supported by the monthly pivot point.

Wed, 12 Feb 2014 15:31:41 GMT

NZD/USD closes in on 0.84

NZD/USD used the 100-day SMA as a springboard and surged through the monthly R1, reaching the weekly R1 at 0.8366.

Wed, 12 Feb 2014 15:31:35 GMT

USD/CAD kept afloat by 1.1000/1.0959

At the moment USD/CAD is trading just above the 38.2% Fibonacci retracement of this year's up-move, meaning the upward impetus remains intact.

Wed, 12 Feb 2014 15:31:27 GMT

AUD/USD closes above monthly R1

Even though not as confidently as yesterday, but the Aussie keeps on advancing further.

Wed, 12 Feb 2014 15:31:20 GMT

EUR/JPY sold off back to 139

Although EUR/JPY has confirmed the falling trend-line as the new support, its bullish momentum turned out to be insufficient to pierce through the tough resistance at 140.15/05.

Wed, 12 Feb 2014 07:46:24 GMT

USD/CHF recovers from weekly S1

After touching the weekly S1 at 0.8937 USD/CHF is attempting to restore its bullish momentum and negate the recent losses.

Wed, 12 Feb 2014 07:46:14 GMT

USD/JPY is set to advance

It seems that USD/JPY has finally ended its bearish correction and is now poised for a robust rally, as it is underpinned by the demand area at 102.04/101.96, formed by the 100-day SMA and the 38.2% Fibo retracement.

Wed, 12 Feb 2014 07:46:06 GMT

GBP/USD arrived at 1.65

Despite the daily technicals mostly pointing downwards, the exchange rate advanced and reached an important resistance, mainly consisting of the monthly PP and the 2011 highs.

Wed, 12 Feb 2014 07:45:59 GMT

EUR/USD stalled ahead of monthly R1

Even though EUR/USD went up to the monthly R1 yesterday, the currency pair did not manage to get a foothold above 1.3646 and returned to where it opened the day, namely to the 100-day SMA.

Tue, 11 Feb 2014 16:12:35 GMT

EUR/JPY peaks above 140 JPY

Pair attempted to advance above the 140 JPY, but failed to do so and is back trading slightly below this mark.

Tue, 11 Feb 2014 16:12:26 GMT

AUD/USD peaks above 90 cent mark

Pair resumed it's rally and today has already peaked above the 90 cent mark.

Tue, 11 Feb 2014 16:12:15 GMT

USD/CAD consolidating around 1.105

Pair seemingly regained bullish bias, but failed to gain momentum on it and at the moment is consolidating slightly below the 20-day SMA.

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