Forex Euro Charts -

EURUSD M5 Technical Analysis


Forex Technical Analysis for EURUSD M5 and Price Action as listed below:

Rising Support


Rising Channel

Narrow Sideways Channel

Historical S/R becomes Resistance

New support forms the bottom of Narrow sideways Channel


Needless to say M5 is currently Bear and in the Zone.

Best Regards,

Sir Gissachance


  • Really nice chart Sir Gissa, the patterns tell a story we must follow. 

    All the best JR

  • Nice Techs and as usual the data translation is uncanny
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Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.

Jim M