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Analysis

Get the latest Renko analysis of forex and other markets. Updated regularly, the Renko analysis section brings to you the latest technical analysis using Renko charts with a mix of price action as well as indicator based technical analysis. Looking for an alternative view of the markets? Read up on our Renko technical analysis posts or subscribe directly to Renko Technical Analysis RSS Feed.

Renko Charts Weekly Trade Opportunities (17 Oct – 21 Oct, 2016)

Posted by on October 15, 2016 | Read More

This week’s Renko technical analysis looks at EURUSD, EURAUD, USDJPY and XAGUSD (Silver). Next week is busy with lots of economic data including US, Canada, Australia and the Eurozone. Inflation will be the main theme next week with the BoC and ECB meetings scheduled over the week.

Renko Charts Weekly Trade Opportunities (10 Oct – 14 Oct, 2016)

Posted by on October 8, 2016 | Read More

This week’s Renko technical analysis looks at EURUSD, EURJPY, USDJPY and AUDUSD (Gold). Next week is quiet with not much of economic data to go by. In the US, Janet Yellen’s speech and retail sales and PPI data will be of importance in an otherwise slow trading week. US, Japan and Canada are closed on Monday.

Renko Charts Weekly Trade Opportunities (3 Oct – 7 Oct, 2016)

Posted by on October 1, 2016 | Read More

This week’s Renko technical analysis looks at EURUSD, GBPJPY, EURGBP and XAUUSD (Gold). Next week is busy across the board with US payrolls and ISm surveys on the tap. While it is unlikely to expect and trends in the market, there are some short term scalping opportunities. Read what the markets have in store for the week ahead.

What to expect from Oil this week as OPEC members meet?

Posted by on September 25, 2016 | Read More

Oil markets have been volatile the past week as the coming week’s Algiers oil summit will see OPEC members and Russia meet for an informal discussion to freeze oil production to help boost prices. But there are a lot of issues especially Saudi Arabia and Iran failing to reach an agreement. This technical outlook for Oil using Renko charts shows what prices can do this week.

Renko Charts Weekly Trade Opportunities (26 Sep – 30 Sep, 2016)

Posted by on September 24, 2016 | Read More

This week’s Renko technical analysis looks at EURUSD, USDJPY, GBPUSD and XAUUSD (Gold). We expect to see a near term retracement in prices for som of the assets. For the next week, speeches from central bank governors will be the main event risk to watch for. Read what the markets have in store for the week ahead.

Renko Charts Weekly Trade Opportunities (12 Sep – 16 Sep, 2016)

Posted by on September 11, 2016 | Read More

This week’s Renko technical analysis looks at EURUSD, USDJPY, NZDUSD and XAGUSD (Silver). We expect to see a near term retracement in prices while also bearing in mind next week’s FOMC and BoJ meetings which will be a key event risks. Read what the markets have in store for the week ahead.

Renko Charts Weekly Trade Opportunities (05 Sep – 09 Sep, 2016)

Posted by on September 3, 2016 | Read More

This week’s renko technical analysis continues with focus on EURUSD, USDJPY, XAGUSD (Silver) and USDCHF. We continue to maintain the basis that the dollar could be seeing some weakness in the near term and providing some good trading opportunities. This week’s analysis also includes trading positions, most offering a 1:3 Risk/Reward set up.

Renko Charts Weekly Trade Opportunities (27 Aug – 02 Sep, 2016)

Posted by on August 27, 2016 | Read More

This week we look at EURUSD, USDCHF, USDJPY and XAGUSD (Silver). Last Friday, the US dollar jumped after Janet Yellen said that the case for rate hike had strengthened. This led to a strong rally in the USD leaving many USD crosses vulnerable and posting strong losses.

The US dollar index is getting ready for a bull run

Posted by on July 30, 2016 | Read More

Renko technical analysis for the US dollar index shows that price action is currently at a strong support level, which could trigger an upside risk. The dollar index is quite likely to post a strong rally to the upside, targeting 98.00