Technical Analysis

Technical analysis

23 May 2018
  • 09:00

    Tech on USD/CAD

    Resistance 3: C $ 1.2995 (May 8 high)

    Resistance 2: C $ 1.2925 (May 15 high)

    Resistance 1: C $ 1.2875 (May 16 high)

    Current Price: C $ 1.2831

    Support 1: C $ 1.2810 (MA (200) H1)

    Support 2: C $ 1.2730 / 40 (May 10-11 and 22 lows)

    Support 3: C $ 1.2675 (Apr 19 high)

    Tech on USD/CAD 23.05.2018

  • 08:22

    Tech on NZD/USD

    Resistance 3: $ 0.7095 (Apr 26-27 high)

    Resistance 2: $ 0.7050 (May 4 high)

    Resistance 1: $ 0.6975 / 85 (May 11-14 and 22 highs)

    Current price: $ 0.6940

    Support 1: $ 0.6920 (May 22 low, MA (200) H1)

    Support 2: $ 0.6880 (May 21 low)

    Support 3: $ 0.6850 (May 15-16 low)

    Tech on NZD/USD 23.05.2018

  • 08:01

    Tech on AUD/USD

    Resistance 3: $ 0.7740 (Apr 18 low)

    Resistance 2: $ 0.7685 (Apr 23 high)

    Resistance 1: $ 0.7605 (May 22 high)

    Current price: $ 0.7573

    Support 1: $ 0.7530 / 45 (May 17 high, MA (200) H1)

    Support 2: $ 0.7490 / 0.7500 (May 18-21 lows)

    Support 3: $ 0.7445 (May 15-16 low)

    Tech on AUD/USD 23.05.2018

  • 08:59

    Tech on USD/CAD

    Resistance 3: C $ 1.2925 (May 15 high)

    Resistance 2: C $ 1.2875 (May 16 high)

    Resistance 1: C $ 1.2810 (May 14 high, MA (200) H1)

    Current Price: C $ 1.2771

    Support 1: C $ 1.2730 (May 11 low)

    Support 2: C $ 1.2675 (Apr 19 high)

    Support 3: C $ 1.2625 (Apr 11-16 high)

    Tech on USD/CAD 22.05.2018

  • 08:29

    Tech on NZD/USD

    Resistance 3: $ 0.7095 (Apr 26-27 high)

    Resistance 2: $ 0.7050 (May 4 high)

    Resistance 1: $ 0.6985 / 95 (May 9 and 11 high)

    Current price: $ 0.6951

    Support 1: $ 0.6935 (May 17 high)

    Support 2: $ 0.6880 (May 21 low)

    Support 3: $ 0.6850 (May 15-16 low)

    Tech on NZD/USD 22.05.2018

  • 08:03

    Tech on AUD/USD

    Resistance 3: $ 0.7740 (Apr 18 low)

    Resistance 2: $ 0.7685 (Apr 23 high)

    Resistance 1: $ 0.7620 (Apr 24 high)

    Current price: $ 0.7586

    Support 1: $ 0.7565 (May 11-14 high)

    Support 2: $ 0.7490 / 0.7500 (May 18-21 lows)

    Support 3: $ 0.7445 (May 15-16 low)

  • 08:43

    Tech on USD/CAD

    Resistance 3: C $ 1.3965 (Mar 15 high)

    Resistance 2: C $ 1.2995 (May 8 hih)

    Resistance 1: C $ 1.2925 (May 15 high)

    Current Price: C $ 1.2877

    Support 1: C $ 1.2825 (MA (200) H1)

    Support 2: C $ 1.2790 (May 18 low)

    Support 3: C $ 1.2730 (May 11 low)

    Tech on USD/CAD 21.05.2018

  • 08:24

    Tech on NZD/USD

    Resistance 3: $ 0.7050 (May 4 high)

    Resistance 2: $ 0.6995 (May 9 high)

    Resistance 1: $ 0.6925/35 (May 17 high, MA (200) H1)

    Current price: $ 0.6899

    Support 1: $ 0.6850 (May 15-16 low)

    Support 2: $ 0.6815 (Dec 1 low)

    Support 3: $ 0.6780 (Nov 17 low)

    Tech on NZD/USD 21.05.2018

  • 08:03

    Tech on AUD/USD

    Resistance 3: $ 0.7620 (Apr 24 high)

    Resistance 2: $ 0.7590 (April 26 high)

    Resistance 1: $ 0.7550 / 65 (May 11-14 and 17 highs)

    Current price: $ 0.7511

    Support 1: $ 0.7490 (May 18 low)

    Support 2: $ 0.7445 (May 15-16 low)

    Support 3: $ 0.7410 (May 9 low)

    Tech on AUD/USD 21.05.2018

  • 08:59

    Tech on USD/CAD

    Resistance 3: C $ 1.2995 (May 8 high)

    Resistance 2: C $ 1.2925 (May 15 high)

    Resistance 1: C $ 1.2875 (May 16 high)

    Current Price: C $ 1.2831

    Support 1: C $ 1.2790 (May 15 low)

    Support 2: C $ 1.2730 (May 11 low)

    Support 3: C $ 1.2675 (April 19 high)

    Tech on USD/CAD 18.05.2018

  • 08:28

    Tech on NZD/USD

    Resistance 3: $ 0.7050 (May 4 high)

    Resistance 2: $ 0.6995 (May 9 high)

    Resistance 1: $ 0.6940 (May 17 high, MA (200) H1)

    Current price: $ 0.6892

    Support 1: $ 0.6850 (May 15-16 low)

    Support 2: $ 0.6815 (Dec 1 low)

    Support 3: $ 0.6780 (Nov 17 low)

    Tech on NZD/USD 18.05.2018

  • 08:00

    Tech on AUD/USD

    Resistance 3: $ 0.7590 (Apr 26 high)

    Resistance 2: $ 0.7565 (May 11-14 high)

    Resistance 1: $ 0.7540 (May 15 high)

    Current price: $ 0.7513

    Support 1: $ 0.7495 (May 17 low)

    Support 2: $ 0.7445 (May 15-16 low)

    Support 3: $ 0.7410 (May 9 low)

    Tech on AUD/USD 18.05.2018

  • 08:43

    Tech on USD/CAD

    Resistance 3: C $ 1.2995 (May 8 high)

    Resistance 2: C $ 1.2925 (May 15 high)

    Resistance 1: C $ 1.2835 (May 4-7 low, MA (200) H1)

    Current Price: C $ 1.2771

    Support 1: C $ 1.2730 (May 11 low)

    Support 2: C $ 1.2675 (Apr 19 high)

    Support 3: C $ 1.2630 (Apr 20 low)

    Tech on USD/CAD 17.05.2018

  • 08:23

    Tech on NZD/USD

    Resistance 3: $ 0.7050 (May 4 high)

    Resistance 2: $ 0.6995 (May 9 high)

    Resistance 1: $ 0.6950 (low of the European session on May 9, MA (200) H1)

    Current price: $ 0.6899

    Support 1: $ 0.6850 (May 15-16 low)

    Support 2: $ 0.6815 (Dec 1 low)

    Support 3: $ 0.6780 (Nov 17 low)

    Tech on NZD/USD 17.05.2018

  • 08:03

    Tech on AUD/USD

    Resistance 3: $ 0.7590 (Apr 26 high)

    Resistance 2: $ 0.7565 (May 11-14 high)

    Resistance 1: $ 0.7540 (May 15 high)

    Current price: $ 0.7515

    Support 1: $ 0.7490 (May 4-7 low)

    Support 2: $ 0.7445 (May 15-16 low)

    Support 3: $ 0.7410 (May 9 low)

    Tech on AUD/USD 17.05.2018

  • 08:47

    Tech on USD/CAD

    Resistance 3: C $ 1.3065 (Mar 15 high)

    Resistance 2: C $ 1.2995 (May 8 high)

    Resistance 1: C $ 1.2925 (May 15 high)

    Current Price: C $ 1.2866

    Support 1: C $ 1.2845 (MA (200) H1)

    Support 2: C $ 1.2790 (May 15 low)

    Support 3: C $ 1.2730 (May 11 low)

    Tech on USD/CAD 16.05.2018

  • 08:31

    Tech on NZD/USD

    Resistance 3: $ 0.6995 (May 9 high)

    Resistance 2: $ 0.6950 (low of the European session on May 9)

    Resistance 1: $ 0.6900 (May 10 low)

    Current price: $ 0.6857

    Support 1: $ 0.6815 (Dec 1 low)

    Support 2: $ 0.6780 (Nov 17 low)

    Support 3: $ 0.6700 (psychological level)

    Tech on NZD/USD 16.05.2018

  • 08:05

    Tech on AUD/USD

    Resistance 3: $ 0.7565 (May 11-14 high)

    Resistance 2: $ 0.7540 (May 15 high)

    Resistance 1: $ 0.7505 (MA (200) H1)

    Current price: $ 0.7470

    Support 1: $ 0.7445 (May 15 low)

    Support 2: $ 0.7410 (May 9 low)

    Support 3: $ 0.7370 (June 1-2' 2017 low)

    Tech on AUD/USD 16.05.2018

  • 08:42

    Tech on USD/CAD

    Resistance 3: C $ 1.2910 (May 1 and 3-4 high)

    Resistance 2: C $ 1.2860 (May 10 high)

    Resistance 1: C $ 1.2810 (May 3 low, May 14 high)

    Current Price: C $ 1.2796

    Support 1: C $ 1.2730 (May 11 low)

    Support 2: C $ 1.2675 (April 19 high)

    Support 3: C $ 1.2585 (April 19 low)

    Tech on USD/CAD 15.05.2018

  • 08:24

    Tech on NZD/USD

    Resistance 3: $ 0.7050 (May 4 high)

    Resistance 2: $ 0.6985 / 95 (May 9 high, MA (200) H1)

    Resistance 1: $ 0.6950 (low of the European session on May 9)

    Current price: $ 0.6913

    Support 1: $ 0.6900 (May 10 low, psychological level)

    Support 2: $ 0.6850 (Nov 27 low)

    Support 3: $ 0.6815 (Dec 1 low)

    Tech on NZD/USD 15.05.2018

  • 08:01

    Tech on AUD/USD

    Resistance 3: $ 0.7620 (Apr 24 high)

    Resistance 2: $ 0.7590 (Apr 26 high)

    Resistance 1: $ 0.7565 (May 11 high)

    Current price: $ 0.7533

    Support 1: $ 0.7510/20 (May 11 low, МА (200) Н1)

    Support 2: $ 0.7470 (May 1 low)

    Support 3: $ 0.7430 (May 8 low)

    Tech on AUD/USD 15.05.2018

  • 09:03

    Tech on USD/CAD

    Resistance 3: C $ 1.2910 (May 1 and 3-4 high)

    Resistance 2: C $ 1.2850 (MA (200) H1)

    Resistance 1: C $ 1.2800 (May 2 low, psychological level)

    Current price: C $ 1.2772

    Support 1: C $ 1.2730 (May 11 low)

    Support 2: C $ 1.2675 (Apr 19 high)

    Support 3: C $ 1.2585 (Apr 19 low)

    Tech on USD/CAD 14.05.2018

  • 08:29

    Tech on NZD/USD

    Resistance 3: $ 0.7095 (Apr 26-27 high)

    Resistance 2: $ 0.7050 (May 4 high)

    Resistance 1: $ 0.6990/95 (May 9 high, MA (200) n1)

    Current price: $ 0.6969

    Support 1: $ 0.6950 (low of the European session on May 9)

    Support 2: $ 0.6900 (May 10 low, psychological level)

    Support 3: $ 0.6835 (Dec 11 low)

    Tech on NZD/USD 14.05.2018

  • 08:01

    Tech on AUD/USD

    Resistance 3: $ 0.7620 (Apr 24 high)

    Resistance 2: $ 0.7590 (Apr 26 high)

    Resistance 1: $ 0.7565 (May 11 high)

    Current price: $ 0.7554

    Support 1: $ 0.7520 (May 11 low)

    Support 2: $ 0.7470 (May 1 low)

    Support 3: $ 0.7430 (May 8 low)

    Tech on AUD/USD 14.05.2018

  • 08:39

    Tech on USD/CAD

    Resistance 3: C $ 1.2910 (May 1 and 3-4 high)

    Resistance 2: C $ 1.2860 (MA (200) H1)

    Resistance 1: C $ 1.2800 (May 2 low, psychological level)

    Current price: C $ 1.2760

    Support 1: C $ 1.2740 (May 10 low)

    Support 2: C $ 1.2675 (Apr 19 high)

    Support 3: C $ 1.2585 (Apr 19 low)

    Tech on USD/CAD 11.05.2018

  • 08:24

    Tech on NZD/USD

    Resistance 3: $ 0.7095 (Apr 26-27 high)

    Resistance 2: $ 0.7050 (May 4 high)

    Resistance 1: $ 0.6995 (May 9 high, MA (200) n1)

    Current price: $ 0.6964

    Support 1: $ 0.6950 (low of the European session on May 9)

    Support 2: $ 0.6900 (May 10 low, psychological level)

    Support 3: $ 0.6835 (Dec 11 low)

    Tech on NZD/USD 11.05.2018

  • 08:03

    Tech on AUD/USD

    Resistance 3: $ 0.7620 (Apr 24 high)

    Resistance 2: $ 0.7590 (Apr 26 high)

    Resistance 1: $ 0.7560 (May 4 high)

    Current price: $ 0.7527

    Support 1: $ 0.7500 (MA (200) H1, psychological level)

    Support 2: $ 0.7455 (May 10 low)

    Support 3: $ 0.7410 (May 9 low)

    Tech on AUD/USD 11.05.2018

  • 09:01

    Tech on USD/CAD

    Resistance 3: C $ 1.2975 (May 9 high)

    Resistance 2: C $ 1.2910 (May 1 and May 3-4 high)

    Resistance 1: C $ 1.2865 (MA (200) H1)

    Current Price: C $ 1.2834

    Support 1: C $ 1.2800 (May 2 low, psychological level)

    Support 2: C $ 1.2750 (Apr 23 low)

    Support 3: C $ 1.2675 (Apr 19 high)

    Tech on USD/CAD 10.05.2018

  • 08:32

    Tech on NZD/USD

    Resistance 3: $ 0.7050 (May 4 high)

    Resistance 2: $ 0.7000 / 15 (May 9 high, MA (200) H1)

    Resistance 1: $ 0.6950 (low of the European session on May 9)

    Current price: $ 0.6923

    Support 1: $ 0.6900 (Dec 12 low, psychological level)

    Support 2: $ 0.6860 (Dec 8 high)

    Support 3: $ 0.6820 (Dec 7-8 low)

    Tech on NZD/USD 10.05.2018

  • 08:02

    Tech on AUD/USD

    Resistance 3: $ 0.7560 (May 4 high)

    Resistance 2: $ 0.7530 (May 8 high)

    Resistance 1: $ 0.7470 (May 1 low, May 9 high)

    Current price: $ 0.7459

    Support 1: $ 0.7410 (May 9 low)

    Support 2: $ 0.7370 (June 1-2' 2017 low)

    Support 3: $ 0.7325 (May 9' 2017 low)

    Tech on AUD/USD 10.05.2018

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Forex Technical Analysis

The basics of fundamental and technical analysis of the Forex market

The dynamics of the currency rates in currency markets depends on many reasons. That is why, in order to competently analyze Forex, we need to evaluate all economic performance indicators. This primarily relates to the macroeconomic factors such as GDP, the dynamics of inflation, interest rates set by central banks and other fundamental reasons of the formation and dynamics of market trends.

In order to take a decision quickly, it is necessary to be aware of any changes of the macroeconomic conditions which the investment climate directly depends on. This information is usually provided in special reports, releases of which can dramatically change currency quotations on the stock exchange. Such an extremely useful tool as a trader’s economic calendar is helpful in following macroeconomic reports.

Forex EUR USD technical analysis is based on the comparison of the current currency rates with the data for the previous periods as well as on the evaluation of the rate dynamics for particular periods of time by using different mathematical forecast methods. The received information is provided only in the form of statistical calculations among which various graphical tools come in handy. By considering charts and geometric models, an experienced trader quickly draws corresponding conclusions and takes a decision about operations with the currency pair.

The analysis of Forex market trends is a difficult task for a novice

The start of trading in the currency market is complicated by a large amount of information which varies in its diversity and gets constantly updated. No beginner can choose a trading signal and evaluate its significance in this flow of information.

Forex expert EUR USD technical analysis from the largest broker’s offices is a real help for a beginner. On the TeleTrade website, you will not only find all current information but also learn about the detailed analysis of equity, Forex and currency markets together with fundamental research on the macroeconomic factors and recommendations by the leading experts. The professional approach to market research is a guarantee of the quality of Forex analytics and the most lucrative investments and minimum risk.

Being guided by the results of expert multifactor analysis, it is practically impossible to miss a new Forex trend. This means that you will be able to build new trading strategies for the long term and move on to a fundamentally new profit level.

In order to provide an exhaustive picture of the Forex market, we constantly update the information, including current and significant events that are analyzed by our experts.

The basic postulates of Forex market technical analysis

Forex technical analysis is based on three main postulates:

  • The price is always governed by a trend

According to this axiom, the movement of prices always conforms to a specific Forex trend. In this regard, there is a possibility to single out the intervals of currency rate movements that go in the same direction within certain time frames. The direction can be upward (i.e. bullish trend, the rate continuously goes up), downward (i.e. bearish trend, the rate continuously goes down) and sideways (i.e. flat trend, gradual fluctuations of the currency rate within the same price range).

  • Everything is factored in to the price (the main postulate of the Dow theory – the base of technical analysis)

In accordance with this axiom, all the factors which may influence the currency are already factored in. Irrespective of the reasons and nature of events which affect the demand and supply, they are instantly factored in by the market. Thanks to this, while carrying out Forex technical analysis, there is no need to study macroeconomic factors.

  • History always repeats itself

According to this axiom, the dynamics of currency rates is always cyclic: currency prices go up and down, and sideways, etc. As a result, the methods of technical analysis successfully working in the past will also successfully work in the present and in the future. Such a cyclical nature is determined by certain aspects of the human psychology: consistent reactions to particular events lead to the fact that trends tend to reoccur.

The process of technical analysis is based on identifying typical patterns and distinct trends. A chart pattern is a distinct formation appearing on price charts. The most significant and well-known patterns are:

  • ‘Flag’ is a characteristic type of the graphical curve when there is an intermittent change in the currency rate amid a continuous uptrend or downtrend;
  • ‘Double top’ (two peaks on the top of an uptrend) is a so-called reversal pattern, a characteristic type of the graphical curve which signals about a possible trend reversal;
  • ‘Triple top’ (three peaks of the same range) and its variety called ‘head and shoulders’ (the first and third peak are lower than the middle one) – this is a reversal pattern, with a typical line break below the support level;
  • There is another pattern called triangle which is regularly encountered on charts in the currency market.

Forex trends identified in the process of technical analysis are the basis for making conclusions and taking decisions about closing and opening transactions.

Considering the availability of the programs allowing to quickly find the patterns and analyze the trends, many traders use only technical tools to assess the market situation.

However, we recommend you not to restrict yourself to using exclusively mathematical models when conducting the Forex analysis. An ideal variant is the complex account of the fundamental factors and results of technical analysis. Such an approach secures the most accurate forecast and, consequently, the most profitable Forex trading.