Forex Tips > Technical Analysis

Technical Analysis

  • EUR/USD
  • GBP/USD
  • USD/JPY
  • USD/CHF
  • USD/CAD
  • AUD/USD
  • NZD/USD
EUR/USD (Market Forecast)

Potential Strategy
Consider buying bullish candlestick patterns on retracements.
Direction of the Day
bullish Bullish
View Chart
Support & Resistance Levels
Resistance 3
1.2921
Resistance 2
1.2902
Resistance 1
1.2854
Current Price
1.2805
Support 1
1.2775
Support 2
1.2662
Support 3
1.2625
Chart Time Frame: EURUSD
Source: MTI 4.0 ChartingClick to enlarge
GBP/USD (Market Forecast)

Potential Strategy
Consider selling bearish candlestick formation on retracements.
Direction of the Day
bearish Bearish
View Chart
Support & Resistance Levels
Resistance 3
1.5575
Resistance 2
1.5490
Resistance 1
1.5450
Current Price
1.5383
Support 1
1.5372
Support 2
1.5337
Support 3
1.5326
Chart Time Frame: GBPUSD
Source: MTI 4.0 ChartingClick to enlarge
USD/JPY (Market Forecast)

Potential Strategy
Consider buying bullish candlestick formations on tests of support.
Direction of the Day
consolidation Consolidation
View Chart
Support & Resistance Levels
Resistance 3
84.83
Resistance 2
84.65
Resistance 1
84.54
Current Price
84.28
Support 1
84.18
Support 2
83.66
Support 3
83.58
Chart Time Frame: USDJPY
Source: MTI 4.0 ChartingClick to enlarge
USD/CHF (Market Forecast)

Potential Strategy
Consider selling bearish candlestick formations at downtrendline resistance.
Direction of the Day
bearish Bearish
View Chart
Support & Resistance Levels
Resistance 3
1.0309
Resistance 2
1.0266
Resistance 1
1.0183
Current Price
1.0122
Support 1
1.0063
Support 2
.9981
Support 3
.9959
Chart Time Frame: USDCHF
Source: MTI 4.0 ChartingClick to enlarge
USD/CAD (Market Forecast)

Potential Strategy
Consider buying bullish candlestick formations at support.
Direction of the Day
consolidation Consolidation
View Chart
Support & Resistance Levels
Resistance 3
1.0716
Resistance 2
1.0673
Resistance 1
1.0544
Current Price
1.0478
Support 1
1.0471
Support 2
1.0445
Support 3
1.0382
Chart Time Frame: USDCAD
Source: MTI 4.0 ChartingClick to enlarge
AUD/USD (Market Forecast)

Potential Strategy
Consider buying bullish candlestick formation on dips to uptrendline support.
Direction of the Day
bullish Bullish
View Chart
Support & Resistance Levels
Resistance 3
.9204
Resistance 2
.9164
Resistance 1
.9115
Current Price
.9100
Support 1
.8879
Support 2
.8860
Support 3
.8845
Chart Time Frame: AUDUSD
Source: MTI 4.0 ChartingClick to enlarge
NZD/USD (Market Forecast)

Potential Strategy
Consider buying bullish candlestick formation on retracements.
Direction of the Day
bullish Bullish
View Chart
Support & Resistance Levels
Resistance 3
.7210
Resistance 2
.7191
Resistance 1
.7161
Current Price
.7166
Support 1
.7095
Support 2
.6964
Support 3
.7095
Chart Time Frame: NZDUSD
Source: MTI 4.0 ChartingClick to enlarge

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