The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
The most recent week has been very slow for the EUR/CAD. For the better part of July, this pair posted strong moves, but right now, it is consolidating.
The commodity currencies and in particular the Australian and New Zealand Dollars, have been appreciating strongly for some time now.
The trend, refusing to bend, receives some support today. The EUR/USD, gets news to nudge it up further.
Last week the GBP-JPY experienced a steep run up. This pair advanced about 450 pips. In the relation to the latest volatility, it is not an insignificant move, especially during only two days.
Despite technical indicators having taken themselves to the top of the screen, the trend combined with a unfortunate forecast for the Dollar today, will help the EUR/USD to rise.
A forecast favoring the Dollar seeks to bring the EUR/USD down. Today the trend will be unlikely to bend however, there is not enough powerful news releases to make that happen.
Only the volatile StochRSI is against a run down for the EUR/USD. Bollinger Bands, Full Stochastics and RSI, each support it. All different ways of analyzing market sentiment.
Are you having trouble trading with the trend? The two heaviest forecasts for the EUR/USD are ready to mend this pair's path.
The Euro finally has fallen off the high horse and showing signs of weakness. EUR/USD has moderated to the downside breaking key levels.
Bonuses & Promotions
The EUR/USD trend agreeing with a timeframe free from most noise, should help direct any opened trades today.
A forecast that holds no potency, following the previous numbers, forces us to look into the windows of the technicals for some insight as to where the EUR/USD might be in about 24 hours
Technical aspect of the AUD/USD is pointing for the pair to rally in the near term future.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.With the world carrying no news of note for the EUR/USD pair today, we look to the four technicals behind their windows for wisdom.
Each technical indicator on the EUR/USD's daily chart is pinned to the top of it's window. Two of the three new hardest hitting news releases for this pair are forecast to hurt the Dollar today.
Prompted by a successful Spanish Auction, the Euro accelerated its gains.