Forex technical analysis

EUR-USD => Additional sell offs are expected targeting 1.4800, possibly 1.4770 levels. Resistance at 1.4845 should hold all upward attempts. Breaking above 1.4870 is in favor of buyers.

GBP-USD => The level of 1.9790 should hold a test and send the price lower to 1.9645 or even 1.9555.

USD-CHF => Support levels are 1.0875 and 1.0855. A recovery to 1.0905 and possibly 1.0915 is expected.

USD-JPY => Resistance levels are 106.90 and 107.35. A test of 106.45 is expected. Breaking below 106.55 calls sellers into play.

EUR-JPY => A pullback down to 157.70 will be later changed by am upward swing to 158.45 or even 158.75. Breaking above 159.25 will add some fire to this up-move.

EUR-GBP => From 0.7500 expecting a rise towards 0.7545. Later a downside move should be seen.

EUR-CHF => Preferred outlook is for a sell to 1.6100 or even 1.6065. Resistance at 1.6120 is at watch. Rising above 1.6175 will postpone expected fall.

AUD-USD => While below 0.9090 - 0.9115 we should see additional move towards 0.9035 and possibly 0.8990. Stops should be set slightly above 0.9145.

USD-CAD => while 0.9975 - 0.9990 offers resistance we may see another fall towards 0.9900 or even 0.9865 followed by a correction to 0.9975 and possibly 0.9990.

GBP/JPY => Still upward bias with all earlier supports and resistances in place; however, the market seems to be quite uncertain about the direction. Staying out is advised.

Forex Fundamental overview
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Forex technical overview

EUR-USD => Resistance zone of 1.4845 - 1.4875 may provoke another dip towards 1.4740 and possibly below 1.4680.

GBP-USD => Expecting further sell off towards 1.9660, possibly 1.9565 presuming that resistance around 1.9755 holds. Breaking clearly above 1.9755 will make perspectives bullish with a pullback to 1.9800 and possibly 1.9850 level.

USD-CHF =>Support levels - 1.0810 and 1.0840. Looking for an up-move to 1.0945. Breaking below 1.0780 cancels bullish expectations.

USD-JPY => Support levels are at 106.20 and 106.35. Aiming at 106.95. Breaking below 106.00 calls selles into play.

EUR-JPY => Preferred outlook is for a dip to 157.45 or even 157.00 with a pullback to 158.30. Breaking clearly below 156.25 turns picture bearish.

EUR-GBP => Expecting further rally towards 0.7540 and even 0.7595 assuming that support at 0.7510 holds. Later a correction to 0.7510 - 0.7495 area is expected.

EUR-CHF => Support levels are at 1.6060 and 1.6080. Looking for further up-move to 1.6155 or even 1.6195. Stops are below 1.6040.

AUD-USD => 0.9080 - 0.9080 zone should see the end of an uptrend. A pullback down to 0.8975 is anticipated. Rising above 0.9115 cancels expected pullback.

USD-CAD => While 0.9965 - 0.9985 level resists we may see a fall to 0.9895. Later a corrective move up to 0.9985 or 1.0010 should be seen.

GBP/JPY => with pivot at 210.15 -a key support, below should see fresh weakness to 204.40. Resistance at 214.00 if broken opens a short term opportunity to 215.00 - next key level.

Forex fundamental analysis
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AUD 9:30 PM EST Retail Sales
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Wish every Forex trader win big in February!

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Happy February everyone!
Let’s see what Forex has baked for us today.

Forex technicals

EUR-USD => Aiming further up towards 1.4885 and possibly 1.4915. Support at 1.4830 and 1.4805 should hold all pullbacks. Breaking below 1.4745 may provide an opportunity to sellers.

GBP-USD => While 1.9880 - 1.9910 resists we may see another dip towards 1.9815 or possibly 1.9760.

USD-CHF => Main support at 1.0710 should hold allowing a rise to 1.0865 and possibly 1.0915.

USD-JPY => We may see an attempt to register at 106.65, later expect a pull back to 105.80.

EUR-JPY => The market may push higher to 158.45, but later still expecting a correction to 157.00.

EUR-GBP => 0.7500 - 0.7520 area should finalize current up-move. Active support at 0.7470 - 0.7460 area.

EUR-CHF => Main support is at 1.5980, if holds provides and opportunity to reach 1.6120 and possibly 1.6165.

AUD-USD => 0.8920 and 0.8890 levels should hold all attacks for additional move-up to 0.8970 - 0.9020 zone. Breaking below 0.8855 calls sellers into action.

USD-CAD => Further upwards progress is expected with a target at 1.0100 and possibly 1.0175. Active support at 1.0015 - 0.9980 area.

GBP/JPY => key support at 210.00, if passed will send price lower to at least 209.30-40. Uptrend prospectives are still in place with key resistance levels at 212.30, 213.50, 214.00, 215.00.

Forex fundamental overview

CHF  5:30 AM EST SVME PMI
EUR  5:00 AM EST Manfacturing PMI
GBP  4:30 AM EST Manufacturing PMI
USD  8:30 AM EST Nonfarm Employment Change, Unemployment Rate, ISM Manfacturing Index, Consumer Sentiment

Good luck in trading Forex today!

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