Thread: FXOpen Technical Analysis

EUR/USD And USD/CHF Remain Supported On Dips

EUR/USD is trading nicely above the 1.1280 support and it could continue to move higher. USD/CHF is currently correcting lower, but it remains supported on dips near 1.0050.
Important Takeaways for EUR/USD and USD/CHF

• The Euro traded higher recently and tested the 1.1320 resistance area against the US Dollar.
• There is a major contracting triangle in place with resistance near 1.1305 on the hourly chart of EUR/USD.
• USD/CHF climbed higher recently above the 1.0000 and 1.0050 resistance levels.
• There is a crucial bullish trend line formed with support at 1.0050 on the hourly chart.

EUR/USD Technical Analysis

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The Euro started a solid rebound after forming a support base above the 1.1200 and 1.1220 levels against the US Dollar. The EUR/USD pair climbed above the 1.1250 and 1.1280 resistance levels to move into a positive zone.

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GBP/USD and EUR/GBP: Can British Pound Bounce Back?


GBP/USD declined heavily and broke the 1.3050 support area. EUR/GBP is currently correcting lower, but it is still trading above a crucial support at 0.8640.


GBP/USD Technical Analysis


The British Pound struggled to stay above the 1.3120 and 1.3100 levels against the US Dollar. The GBP/USD pair started a downward move and broke the 1.3050 and 1.3020 support levels.





The pair even broke the 1.3000 support and settled below the 50 hourly simple moving average. It traded as low as 1.2978 on FXOpen, and recently started consolidating losses. It moved above the 1.2990 level and the 23.6% fib retracement level of the recent decline from the 1.3052 high to 1.2978 low.


Continue reading about GBP/USD and EUR/GBP technical analysis and important takeaways...

EUR/USD and USD/JPY Facing Uphill Task

EUR/USD declined recently after it failed to break the 1.1260 resistance area. USD/JPY is currently trading in a broad range, with a strong resistance near the 112.00 zone.

EUR/USD Technical Analysis
The Euro started a major decline from the 1.1320 resistance area against the US Dollar. Later, the EUR/USD pair consolidated above the 1.1225 support area for a few hours and made an attempt to climb above the 1.1260 resistance.





The bulls failed to gain traction above 1.1260, resulting in a downside extension below the 1.1240 and 1.1225 levels. The pair even settled below the 1.1240 level and the 50 hourly simple moving average. There was also a below a key bullish trend line with support at 1.1245 on the hourly chart of EUR/USD.


Continue reading about EUR/USD and USD/JPY technical analysis and important takeaways...

AUD/USD and NZD/USD approaching crucial hurdles

AUD/USD started an upside correction after trading below the 0.7000 level. NZD/USD recovered nicely above 0.6620, but it seems to be approaching a major hurdle near the 0.6660 area.


AUD/USD Technical Analysis


There was a strong downward move in the Aussie Dollar from the 0.7150 resistance area against the US Dollar. The AUD/USD pair broke the 0.7080 support level to start a major downtrend.





The pair gained bearish momentum below the 0.7050 support and the 50 hourly simple moving average. There was even a spike below the 0.7000 support and the pair traded as low as 0.6988 on FXOpen.


Continue reading technical analysis and important takeaways for AUD/USD and NZD/USD on FXOpen blog.

GBP/USD Recovering While USD/CAD Correcting Lower

GBP/USD declined close to 1.2860 and recently started an upside correction. USD/CAD climbed towards the 1.3500 level and it is currently correcting lower.

GBP/USD Technical Analysis

The British Pound remained in a bearish zone and declined sharply from the 1.3020 resistance against the US Dollar. The GBP/USD pair broke the 1.3000 and 1.2920 support levels to move into a bearish zone.



The decline was such that the pair even broke the 1.2900 level and the 50 hourly simple moving average. It traded close to the 1.2850 level and formed a swing low at 1.2867 on FXOpen.


Continue reading technical analysis and important takeaways for GBP/USD and USD/CAD on FXOpen blog.

Gold Price And Crude Oil Price Turned Short Term Bearish


Gold price topped near the $1,290 level recently and declined below the $1,278 support area. Crude oil price also declined below the $63.00 support and it could extend losses.


Gold Price Technical Analysis


Gold price faced a strong resistance near the $1,290 level against the US Dollar. As a result, the price started a downward move and broke the $1,285 and $1,280 support levels to move into a bearish zone.





There were a couple of swing moves, but the price extended losses below the $1,278 pivot level. To start the drop, there was a break below a major bullish trend line with support at $1,282 on the hourly chart of gold.


Continue reading about Gold and Oil Price technical analysis and important takeaways...

AUD/USD and NZD/USD could rebound futher


AUD/USD found a strong support near the 0.6960 level and recovered recently. NZD/USD is trading nicely and it could recover towards the 0.6650 level in the near term.


AUD/USD Technical Analysis


After a strong decline, the Aussie Dollar found support near the 0.6960 area against the US Dollar. The AUD/USD pair started a strong upward move and traded above the 0.6985 and 0.6700 resistance levels.





The hourly chart suggests that the pair traded as low as 0.6964 on FXOpen and recently climbed sharply above the 0.7000 level and the 50 hourly simple moving average.


Continue reading AUD/USD and NZD/USD technical analysis and important takeaways...

GBP/USD and USD/CAD Facing Crucial Hurdles


GBP/USD declined recently below the 1.3080 and 1.3050 support levels. USD/CAD tested the 1.3380 level and recently started a fresh increase above the 1.3410 level.




GBP/USD Technical Analysis


The British Pound started a fresh decline after it failed to break the 1.3180 resistance area against the US Dollar. The GBP/USD pair traded below the 1.3120 and 1.3080 support levels to move into a bearish zone.





The pair even broke the 1.3050 support level and the 50 hourly simple moving average. Finally, there was a spike below the 1.3000 support area and the pair traded as low as 1.2967 on FXOpen.


Continue reading about GBP/USD and USD/CAD technical analysis and important takeaways...

EUR/USD and USD/CHF Remains At Risk Of More Loss


EUR/USD failed to stay above the 1.1260 level and recently declined below 1.1220. USD/CHF declined heavily towards 1.0050 and it is currently correcting towards key resistances.


EUR/USD Technical Analysis


The Euro formed a decent support near the 1.1170 and 1.1175 levels against the US Dollar. The EUR/USD pair traded higher above the 1.1240 level, but it struggled to hold gains above the 1.1260 level.





A swing high was formed at 1.1263 on FXOpen and the pair recently started a downside correction. It broke the 1.1240 and 1.1220 levels to enter a bearish zone.


Continue reading about EUR/USD and USD/CHF Technical Analysis and Important Takeaways....