Technical Analysis

EURUSD The EUR/USD chart reflects an ongoing bearish trend, recently interrupted by a short-lived upward correction that pushed the price into a key resistance zone around 1.08423, only to face strong rejection. Currently trading near 1.08339, the price has repeatedly encountered resistance in the orange-shaded zone, indicating that this area continues to act as a […]

EURUSD The EUR/USD chart displays a strong bearish trend, with the price consistently moving lower and currently sitting near recent lows around 1.07850. The Ichimoku cloud provides additional insight into the bearish momentum, as the price remains firmly below the cloud, which has been consistently red and sloping downward, reinforcing the strength of the downward […]

GBPJPY The GBP/JPY chart presents a clear bullish trend, with the price steadily climbing after a previous downturn, now approaching a significant resistance level around 199.325. This resistance level has proven to be a key hurdle, and any break above this could signal a continuation of the bullish momentum, potentially pushing the pair toward new […]

GBPUSD The provided chart for GBP/USD illustrates a well-defined bearish trend within a descending channel, marked by upper and lower boundaries that the price has consistently respected. The presence of the Ichimoku cloud (Kumo) adds further weight to the bearish sentiment, with the price trading below the cloud and showing little sign of breaking through […]

USDCAD The USD/CAD chart is currently trading around 1.38262, showcasing a strong and steady upward trend that has been in place since late September. After a period of consolidation at lower levels near 1.34442, the pair began a significant rally throughout October, pushing higher and consistently forming higher highs and higher lows. The price is […]

EURUSD The EUR/USD chart is currently trading around 1.08470, showing clear signs of a persistent downtrend that started in late September, with the price falling sharply from around 1.1100 to a recent low near 1.0830. After this significant decline, the price appears to be finding some temporary support at the 1.0830 level, attempting a minor […]

EURSEK The EUR/SEK chart is currently trading around 11.41706, indicating a consolidation phase within a well-defined range between the resistance at 11.44707 and support at 11.3059. The price has been range-bound for an extended period, repeatedly bouncing between these levels, with the recent rise testing the upper resistance. The Ichimoku Cloud signals a neutral to […]

EURJPY The EUR/JPY chart is currently trading around 162.402, reflecting a consolidation phase within a well-defined range, with 163.899 acting as a key resistance level and 155.566 serving as a strong support zone. The price has been range-bound between these levels for an extended period, with multiple tests of the upper resistance at 163.899, suggesting […]

AUDNZD. The AUD/NZD chart shows a recent pullback after reaching a high of 1.10736, with the current price sitting at 1.10043. The price is approaching a key support zone between 1.09500 – 1.09800, which previously acted as resistance before being broken. If this level holds, it could serve as support, but if it fails, the […]

EURGBP The EUR/GBP chart exhibits a strong downtrend that has persisted over time, marked by well-defined support and resistance levels. The resistance levels at 0.84510 and 0.84004 have held firm, preventing any sustained upward movements. On the downside, the key support level stands at 0.83175, which has so far acted as a barrier to further […]