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.
Forex Technical Analysis
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Forex Technical Analysis
AUD/USD has been going sideways for about two weeks now, and although the world’s stock markets are doing reasonably well, the pair has found traction a difficult thing to accomplish.
NZD/USD moved sideways on Friday as the pair continues to hover around the 0.8250 area. The pair is very sensitive to risk as well as the commodity trade as New Zealand is a net exporter of agricultural commodities hand over fist.
The EUR/USD is falling slightly in the hours leading up to the London open, having run into that pesky resistance at 1.3230 again. Last week the pair produced a weekly hammer candle closing just shy of the resistance zone, and possibly indicating higher prices to come soon.
Take a look at where the major currencies like EUR/USD and GBP/USD should be heading this week, and plan your weekly Forex trading smartly.
See a free Forex signal from the experts at ForexRenew for the NZD/USD. Have a great weekend!
The EUR/USD pair continues to trade on the latest rumor and headline that comes out. The Thursday session proved to be no different as the rumors of the European Central Bank swapping out short term Greek debt for long term Greek debt come out on the various wires.
USD/CAD continued to hover around the parity level on Thursday, and the market saw a decent reversal for the session. The pair is often moved by a couple of factors such as risk appetite and oil markets, and will find itself being influenced by a myriad of factors at the same time quite often.
The USD/CHF market is one that is presently going through a metamorphosis. The pair has traditionally been one that saw the market fall as risk aversion increased. It used to be that the Swiss Franc was a currency that everyone wanted to own in tough times.
The GBP/USD or Sterling as it is known, broke and closed above 1.5800 today and has held the zone around 1.5805 all the way through the Asian market session.
See how one trader used DailyForex's technical analysis to profit on a binary options platform.
See how the Golden Ratio relationship can limit market uncertainties for EUR/USD.
EUR/USD continues to be an interesting place in which to do business. It seems that every time the market gets a bit of good news, something ugly comes back out of the closet and has traders running like frightened children.
The Kiwi dollar is one of the most favored “risk on” trades for currency traders. The pair is highly correlated to the commodity markets, and the willingness of traders to buy non-bond assets around the world.
The USD/CHF pair has continues to grind sideways lately, and the pair is probably not on the radar of many traders. Sometimes, this makes for the best markets to be involved in.
Here is a signal update for the GBP/USD. If you missed the original signal, you can still benefit and find your target!