Forex Tips > Technical Analysis
Technical Analysis
Jose R. Tormos
Lead Forex Instructor
About The Analyst
Jose R. Tormos (FXMVP) leads MTI's analysis team. He has worked in various capacities within the FOREX market ranging from technical analyst to currency trading advisor to Lead Forex Instructor. Utilizing The Ultimate Trader’s Package as his core methodology, Mr. Tormos incorporates combinations of pattern, price and Fibonacci wave movement to develop his daily, weekly and monthly analysis. He is a weekly presenter on MTI Mentorship which focuses on one hour of market analysis and one hour of overcoming the emotions of trading live. Now the lead analyst of Market Traders Institute’s Communications and Trading practice, Jose has contributed to a number of In-depth reports and developments covering the continued education department.
Jose R. Tormos (FXMVP) leads MTI's analysis team. He has worked in various capacities within the FOREX market ranging from technical analyst to currency trading advisor to Lead Forex Instructor. Utilizing The Ultimate Trader’s Package as his core methodology, Mr. Tormos incorporates combinations of pattern, price and Fibonacci wave movement to develop his daily, weekly and monthly analysis. He is a weekly presenter on MTI Mentorship which focuses on one hour of market analysis and one hour of overcoming the emotions of trading live. Now the lead analyst of Market Traders Institute’s Communications and Trading practice, Jose has contributed to a number of In-depth reports and developments covering the continued education department.
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- USD/CAD
- AUD/USD
- NZD/USD
EUR/USD (Market Forecast)
Potential Strategy
large consolidation
Potential Strategy
large consolidation
ConsolidationSupport & Resistance Levels
Resistance 3
1.3788
Resistance 2
1.3691
Resistance 1
1.3682
Current Price
1.3596
Support 1
1.3549
Support 2
1.3450
Support 3
1.3444
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
GBP/USD (Market Forecast)
Potential Strategy
downtrend abcd
Potential Strategy
downtrend abcd
BearishSupport & Resistance Levels
Resistance 3
1.5476
Resistance 2
1.5318
Resistance 1
1.5266
Current Price
1.4970
Support 1
1.4942
Support 2
1.4833
Support 3
1.4752
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
USD/JPY (Market Forecast)
Potential Strategy
downtrend abcd
Potential Strategy
downtrend abcd
Support & Resistance Levels
Resistance 3
90.35
Resistance 2
90.31
Resistance 1
89.50
Current Price
89.27
Support 1
88.74
Support 2
88.57
Support 3
88.31
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
USD/CHF (Market Forecast)
Potential Strategy
large consolidation
Potential Strategy
large consolidation
BullishSupport & Resistance Levels
Resistance 3
1.0933
Resistance 2
1.0897
Resistance 1
1.0877
Current Price
1.0814
Support 1
1.0694
Support 2
1.0649
Support 3
1.0626
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
USD/CAD (Market Forecast)
Potential Strategy
uptrend abcd / bull crown
Potential Strategy
uptrend abcd / bull crown
Support & Resistance Levels
Resistance 3
1.0707
Resistance 2
1.0679
Resistance 1
1.0612
Current Price
1.0538
Support 1
1.0380
Support 2
1.0369
Support 3
1.0244
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
AUD/USD (Market Forecast)
Potential Strategy
uptrend abcd/bear crown
Potential Strategy
uptrend abcd/bear crown
Support & Resistance Levels
Resistance 3
.9083
Resistance 2
.9070
Resistance 1
.9007
Current Price
.8947
Support 1
.8800
Support 2
.8785
Support 3
.8708
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
NZD/USD (Market Forecast)
Potential Strategy
downtrend abcd
Potential Strategy
downtrend abcd
Support & Resistance Levels
Resistance 3
.7061
Resistance 2
.7057
Resistance 1
.7018
Current Price
.6939
Support 1
.6846
Support 2
.6816
Support 3
.6807
Chart Time Frame: 240
Source: MTI 4.0 ChartingClick to enlarge
