Bears on the GBPUSD market operation are increasing their influence. Meanwhile, GBPUSD price action on the daily time frame is in an expanding wedge (blue). A shooting star was formed last week at the wedge resistance trendline. This was followed by ...

GBPUSD Weekly Technical Outlook The GBPUSD bullish momentum in February was halted at the 1.42240 horizontal resistance area (red) where bears exerted some pressure for a pushback of market operation to the 1.39347 area. The 1.37320 area (green) is ...

If you are tracking the EUUSD this week, consider this technical perspective. A shooting star formation was produced on Thursday on the EURUSD daily time frame. This was followed by a relatively big bearish continuation candlestick on Friday. A ...

EURUSD Weekly Technical Outlook In January 2021, EURUSD market operation effected a bearish rejection of the multi-year horizontal resistance around the 1.23120 area (red). There was a bearish continuation in February, but it was less pronounced as ...

EURJPY Weekly Technical Outlook The EURJPY market is technically bullish but, presently, market operation on the monthly time frame is at the multi-year horizontal resistance area around 128.920 (red). Any further bullish drive is likely to meet ...

Here's my take on the XAUUSD, from the technical perspective of a swing trader. Technical impulse on the XAUUSD daily time frame favours bears. However, the long bottom-shadow of the bearish print on Friday at the 1723.50 horizontal support area ...

XAUUSD Weekly Technical Outlook XAUUSD market operation is still negatively toned. On the monthly time frame, the February bearish print broke below the 1777.00 horizontal support area (red) potentially flipping it as resistance. Market operation is ...

USDJPY Weekly Technical Outlook USDJPY market operation is bullish. On the monthly time frame, the January bullish print was followed up by a bullish continuation print in February. Any further bullish momentum may incentivize buyers to target the ...

Technically, one of two scenarios is likely to occur on the GBPUSD market in the early part of this week. Consider the technical details here. On the daily time frame, price action is operating in a bullish channel (blue) having broken above a ...

GBPUSD Weekly Technical Outlook The GBPUSD market has maintained its parabolic northward surge. But will this end as it navigates the 1.40400 multi-year horizontal resistance area? On the monthly time frame, bullish continuation candlesticks have ...

Here's my take on the EURUSD, from the technical perspective of a swing trader. The EURUSD market is under an increased bearish pressure. Price action on the daily time frame is disposed northwards. However, it is presently experiencing some bearish ...

EURUSD Weekly Technical Outlook The EURUSD market is under an increased bearish pressure. On the monthly time frame, market operation entered the 1.22420 multi-year horizontal resistance (red) in December 2020 but gave way to a negative tone with ...

If you are tracking XAUUSD this week, consider this technical perspective from a swing trader. XAUUSD market operation has made a bearish move to enter a significant horizontal support zone around 1757.80. A morning star pattern has formed on the ...

XAUUSD Weekly Technical Outlook XAUUSD market operation has made a bearish move to enter a significant horizontal support zone around 1757.80 (green) after the bullish drive that took it to the 1895.00 horizontal resistance area in December 2020. On ...

AUDUSD Weekly Technical Outlook The AUDUSD market continues to be positively toned. On the monthly time frame, market operation has broken out of the January 2021 sideways mode as the interim February print heads northwards. It is presently at the ...

The bullish tone on the GBPUSD market is waning. On the daily time frame, price action is consolidating in a symmetrical triangle (blue), crisscrossing the resistance trendline of a rising wedge (red) seen on the weekly time frame. Presently, it is ...

GBPUSD Weekly Technical Outlook GBPUSD market operation is still technically toned northwards. However, the bullish momentum is declining. On the monthly time frame, market operation is contending with a horizontal resistance around 1.38250. A ...

Here's my take on the EURUSD, from the technical perspective of a swing trader. Price action on the daily time frame has surged back to within a rising wedge (red) after breaking below it several days ago. Presently, price action is sideways at the ...

EURUSD Weekly Technical Outlook The bearish pressure on the EURUSD market which started in December 2020 has continued. On the monthly time frame, the January print was bearish. However, the interim bearish tone in February gave way to some ...

EURAUD Weekly Technical Outlook After the ambivalence of January 2021, EURAUD market operation has continued its bearish mode in February. On the monthly time frame, the interim candlestick print in February is bearish, but it is presently tackling ...