Daily Forex Technical Analysis EUR/USD Daily chart signal on an upcoming reversal as Slow Stochastic is crossing at 86 , however there is a mild divergence which indicates that the reversal will be slight. On the 4 H chart it can be observed that there is still more room left for the EUR to strengthen. We are in the middle of a bullish trend which might strengthen since the momentum 100.323 has a positive slope. Going long might be the preferred strategy. GBP/USD The bullish trend seems to be running out of steam when Slow Stochas... ( read more )

Daily Forex Technical Analysis EUR/USD On the 4 Hour chart we notice that the bullish trend is running a head. The volatility decreases and the EUR/USD is in a consolidation after it has broken the 1.3780 resistance level. The price should continue to move upwards in a range of 1.3735 to 1.3820. As it seems, the bullish pressure will continue to gather momentum as well today. GBP/USD On the 4 Hour chart, a bullish rising wedge is forming which may imply a continuation of an additional bullish move. It's recommended to time the ent... ( read more )

Daily Forex Technical Analysis EUR/USD With the pair trading at all time highs, and the daily charts stronger than ever, it looks as if the next move up is imminent. The hourlies are extremely overbought and a preferable strategy might be to wait for an unwinding before entering the long position. GBP/USD The 2.0350 proves once again to be a strong resistance as the pair could not break through for the forth time. But it looks as if it is only a matter of time before the strong trend will overcome the resistance level, and than the ... ( read more )

Daily Forex Technical Analysis EUR/USD After touching the all time high at 1.3793, the pair now consolidates around 1.3780. Due to the extremely overbought levels it would be smart to buy on dips and wait for the 1.3800 break, which will probably arrive soon. All indicators show that the momentum is very positive, and we might see the pair break through record high several times in the near future. GBP/USD The pair is in the midst of a correction move to the 2.0300 zone, after peaking at a record level of 2.0360. If the pair will br... ( read more )

Daily Forex Technical Analysis EUR/USD The 4 H chart implies of an upcoming bullish trend which may break the 1.3800 level and to determine a new high all time record when Slow Stochastic with negative divergence and sailing to oversold territory signal the upcoming reversal, however this trend may to occur either tomorrow or on Monday. GBP/USD Today range trading is expected and we might see a mild strengthening of the GBP when the daily chart is bullish however near overbought territory. The 4 H chart is consolidating between 2.0... ( read more )