Τεχνική ανάλυση forex

Technical analysis for EUR/USD for December 18, 2018

EUR/USD has broken below the lower boundary of the triangle pattern and bounced strongly back inside the triangle yesterday. This could very well be a fake break down to enable traders to set stops. For this scenario to be confirmed we will need to see the price breaking above 1.1415 at least.Red...

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Fundamental analysis of USD/JPY for December 18, 2018

USD/JPY has been quite impulsive with the recent bearish momentum in the pair while residing between the price range of 111.50 to 114.50 area. Ahead of the federal funds rate decision, the FOMC Statement and the BOJ Policy Rate to be published this week, USD is expected to regain impulsive momentum...

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USD/CHF Approaching Support, Prepare For A Bounce

The USD/CHF pair is approaching its support at 0.9909 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9946 (50% Fibonacci retracement, horizontal swing high resistance).Stochastic (55, 5, 3) is nearing its...

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GBP/JPY Approaching Resistance, Prepare For Further Drop

GBP/JPY is approaching its resistance at 146.04 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to drop further to its support at 144.84 (61.8% Fibonacci retracement, horizontal swing low support).Stochastic (55, 5, 3) reversed off its...

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