http://www.investija.com Forex technical analysis section provides different kinds of reports, forex trading strategies about todays forex market’s situation. http://www.investija.com/images/investija-logo.gif http://www.investija.com http://www.investija.com/forex-technical-analysis/eurgbp-bears-slided-downside-below-0.9103-barrier/909/daily EURGBP bears overcome bulls by breaking 0.9103 price level, short term positions were initiated. Look for further down-swings below this barrier. Next barrier for bears side stays at 0.9050 price level which can hold their slide downside. At the moment, selling opportunities are on a table. http://www.investija.com/forex-technical-analysis/audusd-bulls-showed-their-strength/908/daily AUDUSD bulls showed some strength recently by recovering back to 0.9165 price level. Resistance barrier holds at 0.9183, by breaking this level, bulls can initiate stronger positive movement. Bulls are in safer place while support level at 0.9058 is valid. At the moment waiting action remains with buying opportunities. http://www.investija.com/forex-technical-analysis/gbpusd-report/906/daily 1.4950/40 remains good support in Cable from long term fib level. Now we do look under a bit of pressure here but unless we can break 1.4940 short term would play this from the long side. http://www.investija.com/forex-technical-analysis/daily-forex-and-dow-jones-recommended-levels/905/daily EUR/USD http://www.investija.com/forex-technical-analysis/gbpusd-dropped-from-1.5195/904/daily After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.4784 support is expected, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, then another fall could be seen to 1.4500 area. Key resistance is at 1.5195, only rise above this level will indicate that the fall from 1.6456 has completed, then the following uptrend could take price further to 1.5400-1.5500 area. http://www.investija.com/forex-technical-analysis/eurusd-possible-short-term-downswings/903/daily Bulls and bears still cant decide which direction to take, at the moment bears are heading towards support level. If a breakout is confirmed by 1.3573 price level, a movement back to previous support at 1.3459 is expected. At the moment waiting action is better option in order to confirm bulls and bears activity. http://www.investija.com/forex-technical-analysis/gbpusd-did-drop-below-support-level/901/daily GBPUSD did drop below support level at 1.4939, however bulls showed their strength and recovered the price. Resistance stays at 1.5192 price level. However, despite this situation, bears are controlling the situation and negative trend remains active. Selling options are on a table. http://www.investija.com/forex-technical-analysis/wti-oil/900/daily WTI remains under pressure now with the little top formation. Also the daily charts are showing there to be quite a large top formation now...so this should come lower over the next week... 8070 to 8035 will be the short term objective. Here sellers will look to cover. http://www.investija.com/forex-technical-analysis/short-sterling/898/daily June hit resistance at 99.28 which gives us an excellent selling opportunity as stops can be tight above 99.30. Only a break above here allows moves to the upside to continue. If 99.28 holds then a return to the lower end of the range at 99.24/23 and eventually 99.21/20 should follow which provides excellent risk/ reward. http://www.investija.com/forex-technical-analysis/eurusd-has-extended-bearish-movement/897/daily Bears are trying to gain their lost strength. While support level at 1.3573 holds, bears movement is limited. ldquo;Mrdquo; shape is formed and short term downside movement is possible. Look for selling options below support barrier at 1.3573, but a breakout should be confirmed first. http://www.investija.com/forex-technical-analysis/audusd-bears-didn’t-manage-to-break-support/894/daily AUDUSD bears didnt manage to break support level at 0.9058. Bulls have more potential now to reach resistance level at 0.9125. If bulls can cope if bears pressure, look for buying options above resistance barrier. At the moment, strong positive trend remains for this pair. http://www.investija.com/forex-technical-analysis/chart-of-the-day-eurusd/892/daily 1.3580 is the support we are looking at today. If we can hold this support and there is no reason we cant really, then we should see another go at resistance located at 1.3670/95. Within this resistance band you are looking to cover all longs. http://www.investija.com/forex-technical-analysis/eurusd-narrow-trading-range-is-formed/890/daily Trading range got more narrow between support and resistance levels. It looks like bulls have issues to climb above resistance level and show their strength. According to previous negative trend, bears are still in better shape. However, neutral situation remains for now. Look for short term downswings below support barrier. Waiting action holds to confirm a possible breakout. http://www.investija.com/forex-technical-analysis/gbpusd-breaks-below-1.4992-key-support/889/daily GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low is expected later today, a breakdown below this level will indicate that the downtrend from 1.6456 (Jan 19 high) has resumed, then another fall to 1.4500 area could be seen to follow. Resistance is now at 1.5195, only rise above this level will indicate that the fall from 1.6456 has completed at 1.4784 already. http://www.investija.com/forex-technical-analysis/daily-forex-and-dow-jones-recommended-levels/888/daily EUR/USD http://www.investija.com/forex-technical-analysis/usdjpy-latest-activity-formed-consolidation/886/daily USDJPY latest activity formed consolidation between support at 90.24 and resistance level at 90.63. According to the previous strong bullish movement, a continuation to the top side is expected. However to confirm this action, a breakout of resistance level is needed. At the moment, waiting action remains. http://www.investija.com/forex-technical-analysis/eurostoxx-analysis/885/daily You can see this week we bounced off the weekly 25% fib of 2724 reaching lows of 2736. Good bounce higher and Friday we exceeded 2870 leaving 2895/2901 targeted, with the market reaching 2896. http://www.investija.com/forex-technical-analysis/eurusd-is-forming-sideways-movement/882/daily EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible after consolidation. However, a break above 1.3838 resistance will indicate that the fall from 1.4579 has completed at 1.3435 already. http://www.investija.com/forex-technical-analysis/eurusd-has-jumped-above-resistance/883/daily Bulls recovered from support level back to resistance barrier once again. Despite the recent recovery, neutral situation holds for this pair. Just above resistance level at 1.3795 ndash; strong positive trend can be initiated. At current situation, bulls have more confidence and short term buying options are possible now. http://www.investija.com/forex-technical-analysis/daily-forex-and-dow-jones-recommended-levels/881/daily EUR/USD http://www.investija.com/forex-technical-analysis/usdjpy-bulls-are-trying-to-reach-resistance/880/daily USDJPY pair is trying to reach resistance barrier at 89.49, above this level look for short term upswings for now and 90.37 price level will be the next barrier for bulls side. At the moment waiting action remains in order to confirm a possible breakout by resistance barrier. Negative trend still remains negative. http://www.investija.com/forex-technical-analysis/eurusd-continues-move-sideways/878/daily EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one more fall to 1.3300 is still possible. However, a break above 1.3838 resistance could indicate that the fall from 1.4579 has completed at 1.3435 already. http://www.investija.com/forex-technical-analysis/daily-forex-and-dow-jones-recommended-levels/877/daily EUR/USD http://www.investija.com/forex-technical-analysis/eurusd-bears-declined-the-price/876/daily Bulls did manage to breakout by resistance level, however bears overcome bulls side and slided once again below resistance barrier. While candles remain between support and resistance, bears can feel more confident. Despite this action, bulls showed first signs of recovery. Waiting action remains now, with short term selling possibilities. http://www.investija.com/forex-technical-analysis/gbpusd-bears-are-in-good-shape/874/daily GBPUSD currency pair are trying to climb to the new highs, however current negative trend still holds strong enough to decline the price and slide downside. At the moment waiting action holds in order to confirm bulls activity. http://www.investija.com/forex-technical-analysis/usdcad-low-trading-range-continues/873/daily USDCAD bears are trying to drag the price downside from a formed consolidation which remains between support at 1.0282 and resistance at 1.0346. Below support level bears can get more confidence and slide further downside. At the moment bulls mission is to bring price back to resistance barrier. Waiting action still remains. http://www.investija.com/forex-technical-analysis/daily-forex-and-dow-jones-recommended-levels/872/daily EUR/USD http://www.investija.com/forex-technical-analysis/eurusd-showed-first-bulls-recovery-signs/870/daily Breakout at resistance level of 1.3646 occurred. While candles remain above resistance, possible bulls recovery can be initiated. However, despite this bulls action, waiting action still holds and bears are in better position. At the moment low trading range should be formed near resistance barrier in order to confirm bulls strength. http://www.investija.com/forex-technical-analysis/usdchf’s-fall-from-1.0887/869/daily USDCHFs fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from 1.0132 has completed at 1.0898 already. However, as long as 1.0608 support holds, the price action from 1.0898 is treated as consolidation of uptrend, another rise is still possible to 1.1000 area. http://www.investija.com/forex-technical-analysis/todays-forex-report/868/daily Cable dipped to 1.4854 but quickly recovered and once back above 1.49 buyers got to grips with the job in hand of correcting this market through to 1.5002. Overnight we have seen 1.5077 and although lower this morning. Short term charts are showing overbought still even with the declines from 1.5077 so care is needed currently if wanting to go long.