Forex Technical Analysis

Technical analysis of EUR/JPY for March 31, 2016

Technical outlook and chart setups:The EUR/JPY pair is trading higher at 127.55 levels. As depicted on the daily chart view, the Fibonacci 0.618 resistance is seen at 128.30 levels going forward. Also a trend line resistance is seen close to those leve... [...]

Technical analysis of GBP/CHF for March 31, 2016

Technical outlook and chart setups:The GBP/CHF pair is showing mixed signals for now and it is trading lower at 1.3830 levels. Please note that the pair has stalled and reversed from the Fibonacci 0.618 resistance of the drop between 1.4050 and 1.3720 ... [...]

Murrey levels analysis – A strong pullback

EURUSD - Up

Four-hours chart of EUR USD. The pair broke the level (+2/8) and as a result we see that Murrey levels were redrafted. They were expanded. Currently the pair is below the level of (5/8). In this case we see an unsuccessful attempt of bulls to break through this level. The upward movement is losing momentum and from current position we expected a downward roll back. As usual, the first goal is the four-hours Supertrend line. If bulls want to continue to move to the top, they need to retain this local level of support. Otherwise we will see a stronger pullback to the area of ​​the main support and resistance level (4/8). This second option I regard as the basic for today

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