Alpari Tech Analysis


EUR/USD: Market Lying in Wait for NFP
The euro was up against the dollar on Thursday, having past 1.1200. The BoE and weak US stats had a positive effect on the price of the euro.



Pound Down After BoE Minutes
The dollar continues to weaken on Thursday. The euro/dollar reached 1.1183 and the pound/dollar hit 1.4665. Pressure on the dollar is up after Dudley’s announcement yesterday and the disappointing PMIs from Markit and ISM.



Euro Correction Expected After Break in Trend Line
In mid-December the euro bulls didn’t manage to strengthen above 1.10. Now they are in jubilation on part of New York Fed chief Dudley who helped them pass the important technical levels and pop the stops off the sellers’ short positions.



Euro Ready to Pass 1.0950 Resistance
My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the euro strengthen.



Technical Analysis Reports

EURCHF Forex Forecast – Short-Term Ascending Channel
EURCHF Forex Forecast – Short-Term Ascending Channel

Forexminute (February 5, 2016 GMT) -

EURCHF is trending higher on its 1-hour time frame after making a successful break past a key resistance level. Price is moving inside an ascending channel and is currently testing the support. A bounce might ... Continue reading →


GBPCAD Forex Forecast – Long-Term Reversal Signal
GBPCAD Forex Forecast – Long-Term Reversal Signal

Forexminute (February 4, 2016 GMT)

GBPCAD might be in for a potential long-term downtrend since a double top has just completed on its daily time frame. Price is now testing the ... Continue reading →


EURUSD Forex Forecast – Upside Triangle Break!
EURUSD Forex Forecast – Upside Triangle Break!

Forexminute (February 4, 2016 GMT)

EURUSD had been consolidating inside a symmetrical triangle pattern on the 1-hour chart, as it made higher lows and lower highs. Price finally ... Continue reading →


EURUSD Forex Forecast – Ready for a Triangle Break?
EURUSD Forex Forecast – Ready for a Triangle Break?

Forexminute (February 3, 2016 GMT)

EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame. Price ... Continue reading →


EURGBP Forex Forecast – Testing Triangle Support
EURGBP Forex Forecast – Testing Triangle Support

Forexminute (February 2, 2016 GMT)

EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame. Price ... Continue reading →


NZDUSD Forex Forecast – Double Top Seen!
NZDUSD Forex Forecast – Double Top Seen!

Forexminute (January 28, 2016 GMT)

NZDUSD could be in for more declines, as a double top pattern can be seen on its 1-hour time frame. Price failed in its last two attempts to break ... Continue reading →


EURAUD Forex Forecast – Head and Shoulders Forming?
EURAUD Forex Forecast – Head and Shoulders Forming?

Forexminute (January 26, 2016 GMT)

EURAUD might be done with its recent rallies, as a reversal pattern seems to be forming on its 4-hour time frame. Price is in the middle of ... Continue reading →


AUDUSD Forex Forecast – Short-Term Correction Levels
AUDUSD Forex Forecast – Short-Term Correction Levels

Forexminute (January 25, 2016 GMT)

AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found ... Continue reading →


AUDUSD Forex Forecast – Short-Term Correction Levels
GBPAUD Forex Forecast – Symmetrical Triangle Breakout

Forexminute (January 19, 2016 GMT)

GBPAUD has been forming lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour forex time frame. Top-tier events from the ... Continue reading →


EURGBP Forex Forecast – Short-Term Channel
EURGBP Forex Forecast – Short-Term Channel

Forexminute (January 15, 2016 GMT)

EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play. Zooming in to the 1-hour time frame shows ... Continue reading →


USDJPY Forex Forecast – Long-Term Downtrend Signal
USDJPY Forex Forecast – Long-Term Downtrend Signal

Forexminute (January 14, 2016 GMT)

USDJPY could be in for a long-term selloff, as the pair has formed a complex head and shoulders pattern on its daily time frame. Price is still ... Continue reading →


USDJPY Forex Forecast – Long-Term Downtrend Signal
AUDUSD Forex Forecast – Long-Term Range Support Holding

Forexminute (January 13, 2016 GMT)

AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment ... Continue reading →


USDJPY Forex Forecast – Long-Term Downtrend Signal
EURUSD Forex Forecast – Double Top Pattern Seen!

Forexminute (January 12, 2016 GMT)

EURUSD has been able to weather the market selloff pretty well in the past week, holding steady just above the 1.0850 minor psychological level even ... Continue reading →


NZDUSD Forex Forecast – Long-Term Selloff Brewing?
NZDUSD Forex Forecast – Long-Term Selloff Brewing?

Forexminute (January 11, 2016 GMT)

NZDUSD has formed a double top pattern visible on its daily time frame, hinting that a longer-term selloff is in the cards. The chart pattern is ... Continue reading →


NZDUSD Forex Forecast – Long-Term Selloff Brewing?
USDCAD Forex Forecast – Pullback to 1.4000?

Forexminute (January 8, 2016 GMT)

USDCAD has been breaking past one high after another in the past few days, as risk aversion and falling oil prices have weighed on the Canadian ... Continue reading →


NZDUSD Forex Forecast – Long-Term Selloff Brewing?
GBPAUD Forex Forecast – Ready to Test Channel Resistance?

Forexminute (January 6, 2016 GMT)

GBPAUD has been trending lower on its 4-hour time frame, moving inside a descending channel connecting the latest highs and lows of price action. ... Continue reading →


NZDUSD Forex Forecast – Long-Term Selloff Brewing?
EURGBP Forex Forecast – Range Resistance to Break?

Forexminute (January 4, 2016 GMT)

EURGBP is still inside its long-term range visible on the daily time frame and currently testing the resistance around the .7400-.7450 levels. If ... Continue reading →


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