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Forex trading analysis on currency pairs based on price action analysis.
EURUSD Forecast – $0.94861 Sellers Targeting
EURUSD Analysis TodayPrevious EURUSD forecast mentioned possible higher levels if the price manage to break above small downtrend resistance line. On Monday the price formed a bullish candle with daily close above previous day candle close. This was indication the price is continuing moving in the...
EURUSD Forecast – $1.01368 Expected Despite False Breakout
EURUSD Analysis TodayPrevious EURUSD forecast talked about possible breakout to the upside through the small downtrend channel resistance. The price opened a week with a gap to the upside and reached the weekly target mentioned last week. The strong bullish trigger to the upside pushed the price...
EURUSD Forecast – $1.01368 Expected
EURUSD Analysis TodayPrevious EURUSD forecast mentioned the price could find a breakout to the downside, but we should be carefull and wait for a confirmation. The breakout was on Tuesday and the confirmation was not visible in the following days. The confirmation signal with daily candle close...
EURUSD Forecast – Indecision Downside Breakout
EURUSD Analysis TodayPrevious EURUSD forecast mentioned the price needs to breakout from the indecision are and most likely to the upside. The price broke out on Monday with a small bullish candle which continued for the next two days. The price managed to reach the first small supply zone around...
EURUSD Forecast – Indecision Breakout Needed
EURUSD Analysis TodayPrevious EURUSD forecast mentioned price reaching parity and that is what has happened on Monday. The first day of the trading week the price reached parity and on Tuesday it reached $0.99000. After a strong bearish candle on Monday the price formed four indecision candles...
EURUSD Forecast – Price Heading Towards $0.99134
EURUSD Analysis TodayPrevious EURUSD forecast mentioned price reaching lower level around lower level of the price range where the price was stuck for a few weeks. And it was mentioned the price could return on higher levels reaching $1.03920. The price has reached a lower price level, but it did...
EURUSD Forecast – Pullback With $1.03920 Target
EURUSD Analysis TodayPrevious EURUSD forecast mentioned price range where the price was inside for a week. It took another week to breakout. Lets what has happened since then. We had a false breakout to the upside where the second candle had returned the price back inside the price range. Since...
EURUSD Forecast – Indecision Range
EURUSD Analysis TodayPrevious EURUSD forecast talked about price reaching $1.02975 after successful bullish breakout to the upside. The price started with an indecision candle where the bulls and bears could not take the price to higher or lower levels. Small bullish indecision candle has formed...
EURUSD Forecast – Bullish Breakout Confirmed Targeting $1.02975
EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a breakout to the upside. The price on Monday has made a first step to make a breakout reaching first resistance level $1.01368 and breaking above with a wick. The price returned back down, but only to support level $1.01368....
EURUSD Forecast – $0.99134 Still As a Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about parity and that is what has happened. The price has moved strongly down on Monday and on Tuesday the price reached parity. The price on Tuesday formed an indecision candle which showed a fight between bulls and bears. But the price on...
EURUSD Forecast – $0.99134 as EUR/USD Parity Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about reaching $1.02975 and $1.01368 as a weekly and monthly target. The price did not took that much time, but it reached these two targets this week. This tells us that the bears were too strong for bulls so the EUR lost its value a lot. On...
EURUSD Forecast – $1.02975 Daily, Weekly and Monthly Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about indecision range area where the price needed to breakout to make a move. The breakout happened to the downside. On Monday the price had a false breakout from the range area to the upside where the next day the price returned back inside...
EURUSD Forecast – $1.05087 and $1.05825 Range Breakout Needed
EURUSD Analysis TodayPrevious EURUSD forecast talked about $1.03920 as a target but the price could not move down from the range in which is currently located. The $1.05087 and $1.05825 range is holding the price. On Monday the price had opened with a gap and returned inside the range area where...
EURUSD Forecast – $1.03920 Still the Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about $1.03920 as a target and price reached that level on Monday. The strong bearish candle reached demand zone around $1.03820. That move confirmed strong bearish sentiment that has started with two strong bearish candles previous week when we...
EURUSD Forecast – $1.03920 Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about $1.06736 that needs to hold if we want to see the price on higher levels. The price returned to $1.06736 and formed a bullish Pin bar on daily time frame. The price moved higher and reached a $1.07825 supply zone which was too hard to...
EURUSD Forecast – $1.06736 Support That Needs to Hold
EURUSD Analysis TodayPrevious EURUSD forecast talked about price targeting $1.08300 which is close to the monthly triangle support line. But, the price could not break above $1.07825 resistance level. The price reached $1.07825 resistance and made a retrace back down to $1.06736 where it bounced...
EURUSD Forecast – $1.08300 Bulls Targeting Monthly Triangle
EURUSD Analysis TodayPrevious EURUSD forecast talked about price reaching higher levels like $1.06400 which was a high on the last bullish attempt. The price reached that level in a day on Monday with 144 pips candle large. It was a sharp move that took the price outside the downtrend channel and...
EURUSD Forecast – $1.06400 Bulls Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.04700 and the price has done that. The retrace happened pretty quickly. Just in two days the price returned and reached that level. On Tuesday the price made a strong bullish candle reaching high levels inside...
EURUSD Forecast – $1.04700 Retrace Target
EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a breakout from a range that was held inside for two weeks. The price made a breakout on Wednesday after testing the $1.05825 resistance three times. The same day price formed a bearish pin bar after which the price made a...
EURUSD Forecast – Wait for a Breakout
EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. It was close to the first target, but there is selling pressure on the upper side that is preventing that. If we check the candles that were formed during the...
EURUSD Forecast – $1.07388 Retrace Target
EURUSD Analysis TodayPrevious week analysis talked about price moving down for around 100 pips and 300 pips in the long term. The price has reached both targets in four days. Price started on Monday with bearish move down reaching demand zone around $1.06736. From there price bounced back up, but...
EURUSD Forecast – $1.0500 as a 300 Pips Long Term Target
EURUSD Analysis TodayPrevious week analysis talked about price having a hard time to break below $1.07825 after moving down to the demand zone. At the start of the week the price continued moving down reaching $1.07825 support level. Next day, on Tuesday, the price formed an indecision candle...
EURUSD Forecast – $1.08846 Bullish Reversal Target
EURUSD Analysis TodayThe price reached the target from previous analysis where I was talking about $1.07825. On Monday the price made a gap which took the price higher than the week has closed. The possible retrace to $1.09860 was mentioned the previous week, but the price reached only a downtrend...
EURUSD Forecast – $1.07825 Next Target
EURUSD Analysis TodayIn the EURUSD previous analysis I have mentioned the price is targeting $1.09860 and the price done that. And if the price breaks below that price we could see the price heading down to $1.08846 if the $1.09860 is broken. And price has done that easily where we did not see any...
EURUSD Forecast – $1.09860 Next Target in the Coming Week
EURUSD Analysis TodayAs mentioned in the previous EUR/USD analysis, Monday was the day when the market made a decision where it will move for the whole week. We can see a bullish Pin bar formed on Monday on the $1.09860 support level. Tuesday had a strong bullish move that closed the price above...
EURUSD Forecast – $1.09860 Target of the Bears
EURUSD Analysis TodayIf we check previous analysis we can see I have mentioned several things. First one is that we could see the price returning back down to $1.09860 which is support for the price. And the price has done that. On Monday we can see bearish candles and on Tuesday a bullish Pin...
EURUSD Forecast – $1.10755 Decision Level for the Bulls
EURUSD Analysis TodayThe price has made some changes on the market last week and that is visible on the chart. The price has formed all bullish candles starting from Monday and only Friday was a bearish candle. On Monday the price made a bullish candle with a large wick on the upper side next to...
EURUSD Forecast – $1.07825 as a Target and Strong Support
EURUSD Analysis TodayLooking into past week analysis you can see that I mentioned the price could reach $1.07825 and then bounce back up. On Monday the price continued to move down and reached an area of supply close to $1.07825 and bounced up. The move up was more retrace than a bounce because...
EURUSD Forecast – $1.07825 as a Target
EURUSD Analysis TodayIn the previous two weeks the price is in bearish mode without any signs of recovering in the short term. Only a few bullish candles have formed on the downtrend channel support line. But those candles were short lasting and did not have any support on the following candles....
EURUSD Forecast – $1.14000 and $1.13000 Breakout Levels
EURUSD Analysis TodayAs planned in the previous analysis the price reached $1.13000 and bounced back up. Week started with price heading down and entering into the range area. We had a candle with large wicks on the upper side and the lower side which represents the bullish and bearish strength at...
EURUSD Forecast – Looking for $1.13000 Demand Zone
EURUSD Analysis TodayThe price started the week with weak bearish candles where the candles closed close to support at $1.14000. That is the support level mentioned in the previous analysis when it was said the price will probably make a retrace. The retrace happened after a strong bullish move a...
EURUSD Forecast – Huge Shift in the Market
EURUSD Forecast EURUSD chart analysis What we can see on the chart is the market turnaround where bears have lost their strength against bulls. Starting from Monday we can see bulls have taken over and push the price back in the downtrend channel. For the next two days we can see smaller bullish...
EURUSD Forecast – Bears Have Took Over
EURUSD Forecast EURUSD chart analysis The price has dropped strongly after the first two days where we can see two bearish candles with large wicks. Those wicks representing the price had a strong support at the $1.13094 level. On Wednesday the price managed to break below previous two day wicks...
EURUSD Forecast – Price Locked in a Price Range
EURUSD Forecast EURUSD chart analysis The price has returned to previous low levels where the price range was holding the price for almost two months. The price range is from $1.12645 to $1.13427. Week started with an indecision candle on the $1.14000 support level and on Tuesday the price was...
EURUSD Forecast – $1.14748 as a Decision Level for the Bulls
EURUSD Forecast EURUSD chart analysis What was discussed in the previous week analysis the market has done almost in a pip. The market broke out to the upside and reached a strong resistance level at $1.14748. Week started with the retrace back to support at $1.13094 which is a confluence of...
EURUSD Forecast – Bullish Sentiment in Creation
EURUSD Forecast EURUSD chart analysis What we can see on the chart compared to the previous week analysis is that the price had a retrace back to previous range area and from there found support for the next move up. Week started with the bearish candle and reached a $1.13094 resistance level. At...
EURUSD Forecast – $1.14748 First Target
EURUSD Forecast EURUSD chart analysis Last two weeks the EURUSD price was in the range between $1.12350 on the bottom side and $1.13600 on the upper side. The price was making its way up every few days and had stopped for a while close to the downtrend channel. The downtrend channel line posed a...
