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
Ever trade the Polish Zloty? The PLN is a risk currency. It rises when the world feels good, much like the NZD as it is an emerging market. Think of it as the Euro on steroids in this sense. You obviously know that the Japanese yen is a “risk off” currency.
The AUD/USD pair has been one that has been fairly straightforward lately: Simply buy on the dips. Of course, you would have had to been willing to go against a nasty fall over the month of May, and simply let the trade do its thing.
EUR/USD will be the main focus of the Wednesday trading session in my estimation. With the Federal Reserve set to make an announcement that could even include more easing, and the Greek lawmakers supposedly coming to some kind of deal between three different parties, there is a real chance of fireworks today.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
The AUD/USD continues to steadily climb away from the low it established at the beginning of June after pausing at par for a few days. Now the pair is within reach of the next major resistance level at 1.0246 where it has clearly established a level of Support & Resistance.
USD/CAD continues to be a focus of my trading lately, as the economic situation worldwide has put the oil markets into the forefront of the trading world. In fact, it even appears that the economic situation is finally gaining the upper hand to headlines and rumors as the Iranian situation simply cannot move the price of oil any longer.
EUR/GBP is somewhat like the “red headed stepchild” of the Forex world. This is a pair that just doesn’t get any respect, which is ironic as it features two of the biggest currencies in the world, and so much interest is being shown in the drama that affects this part of the world.
EUR/USD is a complete mess. In fact, it only reflects whatever scheme the Europeans are trying to pull off at the moment. Quite frankly, the Euro and European Union is a completely flawed concept, and it appears that we are finally seeing the realization of the ridiculous concept of the currency.
Check out this free Forex USD/CAD Signal, get your target and profit before the day is done.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
Taking a break from the speculation over Greek Elections, Spain & the future of the EU, today we will focus on a commodity that will always have value...Gold.
Start your week right with the Forex Forecast, see where the major pairs will be headed, and whether they will be affected by the Greek elections.
USD/JPY has been an interesting battle between two central banks that are trying to kill off the value of their own currencies over the last several months. In fact, the Yen has increased in value, and this means Japan has been “losing.” The idea of course, it to make your currency cheaper so foreigners will look to buy your exports.
USD/CAD is an interesting pair in my opinion. It can be a play on oil prices, the US jobs market, and even gold at times. The pair is currently retracing from a fairly strong move higher, and because of this we have to ask a lot of questions about this pair.
EUR/USD will be the focus of everyone in the Forex world when markets open back up for trading in Asia on Monday. This pair is without a doubt the one that will either make a lot of money for everyone, or send a lot of people into the doldrums.