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fxtech posted blog posts
10 hours ago
fxtech posted a blog post

EURUSD: Bullish, Eyes Further Upside

EURUSD: With EUR seen bullish and targeting further upside, further strength is likely in the days ahead. Resistance resides at the 1.3800 level. A cut through here will expose the 1.3850 level. Further out, resistance is seen at the 1.3900 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3700 level with a breach targeting the 1.3650 level and then the 1.3600 level. We may see the bulls come in here and push the pair higher. However, if this fails…See More
Tuesday
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fxtech posted a blog post

EURUSD: Builds On Bullish Strength

EURUSD: A follow through higher the past week suggests further price extension in the new week. Further out, resistance resides at the 1.3750 level where a break will aim at the 1.3800 level. Price hesitation may occur here but if violated it will target the 1.3850 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 1.3300 level with a break turning focus to the 1.3250 level and possibly lower towards the 1.3200 level. We may see bulls come…See More
Monday
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fxtech's blog post was featured

EURUSD: Looks To Recapture Minor Resistance.

EURUSD: We are looking for EUR to recapture the 1.3621 level and then resume uptrend. This view is in line with the pair’s bullish recovery triggered off the 1.3295 level. In such a case, the 1.3650 level will be targeted where a violation will aim at the 1.3738 level. Further out, resistance is seen at the 1.3800 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3524 level with a breach targeting the 1.3500 level and then the 1.3450 level. We may…See More
Dec 4
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fxtech posted a blog post

EURUSD: Bullish, Builds On Further Strength

EURUSD: With continued bullish tone still intact., further upside could follow in the new week. However, it will have to take out the 1.3600 level to prevent a return to the 1.3295 level. Further out, resistance resides at the 1.3650 level where a break will aim at the 1.3710 level. Price hesitation may occur here but if violated it will target the 1.3800 level. Conversely, support lies at the 1.3300 level with a break turning focus to the 1.3250 level and possibly lower towards the 1.3200…See More
Dec 1
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fxtech's blog post was featured

USDCHF: Remains Bearish Despite Marginal Lower Close.

USDCHF – Although closing marginally lower the past week, its broader downside bias remains intact. The risk is for a retake of the 0.9000 level to occur. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down, support lies at the 0.8750 level followed by the 0.8700 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, to resume its recovery triggered off the 0.8889 level now on hold, the pair will have to take out…See More
Dec 1
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fxtech posted blog posts
Nov 25
fxtech posted a blog post

EURUSD: Follows Through Higher.

EURUSD: With a second week of upside seen, further upside could follow in the new week. However, it will have to take out the 1.3547 level to prevent a return to the 1.3295 level. Further out, resistance resides at the 1.3650 level where a break will aim at the 1.3710 level. Price hesitation may occur here but if violated it will target the 1.3800 level. Conversely, support lies at the 1.3300 level with a break turning focus to the 1.3250 level and possibly lower towards the 1.3200 level. We…See More
Nov 24
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fxtech's blog post was featured

USDCHF: Weakens For Two Weeks In A Row.

USDCHF – With a second week of decline occurring the past week, there is risk of a return to the 0.9000 level. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down, support lies at the 0.8750 level followed by the 0.8700 level. Its weekly RSI is bearish and pointing lower supporting this view.On the other hand, to resume its recovery triggered off the 0.8889 level now on hold, the pair will have to take out the 0.9249 level. This if seen will aim at the…See More
Nov 24
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fxtech posted a blog post

AUDUSD: Extends Weakness On Sell Off.

AUDUSD: With a second day of downside seeing the pair breaking and holding below the 0.9268 level, further weakness is likely. On continued weakness, support comes in at the 0.9150 level where a break will target further decline towards the 0.9100 level. Further down, support stands at the 0.9050 level. Its daily RSI is bullish and pointing lower supporting this view. On the upside, resistance resides at the 0.9338 level followed by the 0.9450 level. A cut through here will aim at the 0.9542…See More
Nov 21
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fxtech posted a blog post

USDJPY: Maintains Short Term Uptrend.

USDJPY: We continue to hold our upside bias on USDJPY despite its price hesitation risk. On ending its present pullback, it should retake the 100.60 level. A violation of here will aim at the 101.52 level. Further out, resistance resides at the 102.00 level. Conversely, support lies at the 98.00 level where a break will aim at the 97.00 level. Further down, support comes in at the 96.56/18 levels. Below here if seen will aim at the 95.00 level where a violation will aim at the 94.50 level. On…See More
Nov 20
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fxtech posted blog posts
Nov 18
fxtech posted a blog post

GOLD: Remains Biased To The Downside.

GOLD: Though closing flat the past week, its broader medium term downtrend remains intact. Below its declining trendline leaves our bias to the downside with eyes on the 1,251.56 level. A breach will aim at the 1,215.00 level. Further down, support resides at the 1,180.00 level with a turn below here shifting attention to the 1,150.00 level. Conversely, resistance lies at the 1,375 level where a breach will target the 1,399.79 level. A cut through here will open the door for a run at the 1,433…See More
Nov 17
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fxtech posted a blog post

USDCHF: Halts Declines, Weakens.

USDCHF – Except USDCHF reverses its past week losses, there is risk of a return to the 0.9000 level. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down, support lies at the 0.8750 level followed by the 0.8700 level. On the other hand, to resume its recovery triggered off the 0.8889 level now on hold, the pair will have to take out the 0.9249 level. This if seen will aim at the 0.9454 level. A cut through here will pave the way for a push towards the…See More
Nov 16
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fxtech posted blog posts
Nov 10
fxtech's blog post was featured

USDCHF: Strengthens, Extends Corrective Recovery.

USDCHF – With USDCHF gaining strength for a second week in a row, further upside is likely in the days ahead. While maintaining above the 0.9177 level, further upside is envisaged towards the 0.9278 level where a violation will set the stage for a run at the 0.9454 level. A cut through here will pave the way for a push towards the 0.9496 level with a breach of here clearing the way for a run at the 0.9750 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, a…See More
Nov 10
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About Myself
FXTechstrategy provides a comprehensive forex technical research and tools to help traders make objective, easy and better trading decisions.

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Fxtech's Blog

USDCAD: Weakens, Bearish

Posted on December 12, 2013 at 12:05pm 0 Comments

USDCAD: The pair remains weak and vulnerable to the downside suggesting further decline in the days ahead. Support lies at the 1.0549 level where a violation will aim at the 1.0500 level. A reversal of roles is likely to occur here and turn USDCAD higher but if that fails, further decline could occur towards the 1.0413 level with a break turning attention to the 1.0350 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0644…

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USDCAD: Weakens, Bearish

Posted on December 12, 2013 at 12:05pm 0 Comments

USDCAD: The pair remains weak and vulnerable to the downside suggesting further decline in the days ahead. Support lies at the 1.0549 level where a violation will aim at the 1.0500 level. A reversal of roles is likely to occur here and turn USDCAD higher but if that fails, further decline could occur towards the 1.0413 level with a break turning attention to the 1.0350 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0644…

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USDCHF: Bearish, Sees Further Bearishness

Posted on December 11, 2013 at 1:50pm 0 Comments



USDCHF: With USDCHF slightly holding below the 0.8889 level, further weakness is envisaged possibly towards the 0.8800 level. Bulls may come in here and turn it higher but if that level is broken expect further decline to occur towards the 0.8750 level. Further down, support lies at the 0.8700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 0.8950 level followed by the 0.9000 level and then the 0.9100 level. Further down,…

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EURUSD: Bullish, Eyes Further Upside

Posted on December 10, 2013 at 1:30pm 0 Comments

EURUSD: With EUR seen bullish and targeting further upside, further strength is likely in the days ahead. Resistance resides at the 1.3800 level. A cut through here will expose the 1.3850 level. Further out, resistance is seen at the 1.3900 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3700 level with a breach targeting the 1.3650 level and then the 1.3600 level. We may see the bulls come in here and push the pair…

Continue

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