Forex Technical Analysis
End the weekend with this EUR/USD signal. Did the Euro pick up? Will you profit? Find out here!
The EUR/USD pair has been falling day after day recently, and it was only the 1.25 level that could hold it up. At the end of the session the pair had formed a very bearish candle as the fears out of Europe continue.
The GBP/JPY pair is one that a lot of traders fear. In my estimation, the pair truthfully isn’t much different than any other one. The misconception about this pair is stemmed from the fact that it is a slightly less liquid market, so it tends to move a bit quicker than EUR/USD, USD/CHF, or even USD/JPY. However, the mechanics aren’t any different.
Trading the EUR/CHF pair is much like watching paint dry this year. The fact is that the pair simply isn’t moving, and the whole world knows why.
According to DailyForex's analysis of the AUD/USD and USD/CAD today, trader profited on a binary options platform.
The EUR/USD pair fell for much of the session on Wednesday as the concerns over the drama in that region continue to take the headlines. The markets will run to the Dollar as long as the Europeans cannot get it together and judging by recent action – this could be a while.
The USD/CAD pair shot straight up on the Wednesday session as the “risk off” attitude still remained king. The pair ran into the 1.03 resistance area though, and then promptly fell 60 pips or so.
The AUD/USD pair had a fairly wild day on Wednesday as the markets went between a “risk off” attitude and a “risk on” one. The original fall is simply a continuation of all of the problems in Europe and the potential Chinese slowdown weighing on the Aussie in general.
The Japanese Yen is still holding its own against the US Dollar, possibly one of the few currencies this week that is. Although the Greenback has been attempting to break the descending trend-line on the daily chart, it has been unsuccessful over numerous attempts for the past 2 months.
According to DailyForex's analysis of the EUR/GBP and EUR/USD today, trader profited on a binary options platform.
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