FuturesForexClasses

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 20th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we can see price action had a nice move to the down side and is now on a decent relief rally but it seems very corrective. We will be looking for price action to continue...

FuturesForexClasses

Hello Traders, welcome to the Weekly Forex technical analysis. Today is May 19th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see we got a minor correction and finally it moved back...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 17th, 2019 and we will be taking a look at the U.S. Dollar against the Swiss Franc. After a pretty nice run up, price action has retraced back deep to the 1.00471 support and resistance area. We can see the move to the upside looks fairly corrective. We will be looking to get ahead of it...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 15th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Now keep in mind we do have some numbers coming out for China and the Aussie this evening that could give us some volatility. Looking at the 1 hour time frame we can see price action has retraced...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 10th, 2019 and we will be taking a look at the Canadian Dollar against the Swiss Franc. On the higher time frames price action recently has been bearish as we broke the support area of .7552. Looking at the 1 hour time frame we will be looking for some kind of relief bounce back near the...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 9th, 2019 and we will be taking a look at the Euro against the Japanese Yen. This trade will have some dependency on whats going on between the U.S. and China trade relations. And we can see that we are at an area of support at the 123.350 region and it seems to be breaking downwards. If...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 8th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame, we are looking to see if price action will break this support area of 109.917. If we do get such an advantageous opportunity we would be looking for an entry Long near the...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 7th, 2019 and we will be taking a look at the British Pound against the Canadian Dollar. Taking a look at the 4 hour time frame, price action had a nice bullish move off the 1.75343 support area and is now currently retracing back towards it. We're going to be targeting the 1.75343 support...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 6th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian dollar. Looking at the 4 hour time frame price action has retraced back to the .89184 support area with no bullish conviction. Price action seems to just be hovering around this support zone, showing signs...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 3rd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, we can see price action had a nice move off the lows near the 1.5721 support area. Looking at the overall structure price action may still have room to run up to a key area of...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 2nd, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the overall structure on the 4 hour time frame, we may see a retracement back to a key support area near the .6720 region. This area has held as support many times in the past and we're...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 1st, 2019 and we will be taking a look at the British Pound against the U.S. Dollar. Looking at the 1 hour time frame we would like to see a breakout of the previous highs near 1.304 zone with a bullish close above these highs to confirm an opportunity to take a Long. Once we see that close...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is April 30th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Now keep in mind we do have the China manufacturing numbers (PMI numbers) coming out today, certainly a key report which may have a news effect on the AUDUSD as well. Looking at the 4 hour time frame...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is April 26th, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 4 hour time frame we are looking for a minor pull back towards the 1.34606 area and see if it acts as support. If price action retraces back and the 1.34606 area holds as support, it...

FuturesForexClasses

Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be...