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
The NZD/USD initially surged during Tuesday, but turned around as the pair lost momentum. The pair currently is sitting just above the 0.82 support zone, and as such it is trying to differentiate whether or not it is pulling back.
The USD/CAD pair continued to confound traders around the world on Tuesday as the pair approach the 0.98 resistance area, and seem to have negated everything that had been printed over the last few sessions.
Following up from yesterday's EUR/USD signal, the pair is continuing to trend downward. See the latest for the EUR/USD and make your moves carefully.
The GBP/USD pair had a slightly bearish session on Monday, but in the end managed to bounce back and form a hammer. The last several sessions have seen either hammers or shooting stars printed, and this is a class sign of consolidative markets after a steady move like we have had.
The USD/CAD pair is one that has been interesting to me lately. This is in many ways the epicenter of all of the crosscurrents in the financial markets over the last couple of weeks.
The EUR/USD pair fell during most of the session on Monday, but bounced enough to form a hammer-like candle at the 1.29 handle. This action suggests to me that there is going to be a bit of fight in the bullish camp, and that a pullback while looking possible – will be somewhat short lived at this point.
Yesterday I wrote my analysis on the AUD/CHF, and today we have its mirror image, the EUR/AUD. This pair reached a high last week of 1.2552 and reversed to close the week at 1.2404, forming a weekly pin bar reversal candle in the process.
According to the analysis of the EUR/GBP and EUR/USD trader profited on a binary options platform.
Here is a EUR/USD signal using the MACD convergence method, make your moves carefully.
Start your week making the right moves for the EUR/USD pair using this Forex signal from one of our expert traders.
See where major pairs like EUR/USD, USD/JPY, and more are headed for the week ahead.
If there ever was a confused pair, it is the USD/CAD at the moment. This pair is most certainly in a down trend, but the market is being pushed around by outside influences that make it trade a bit on the erratic side lately, and as a result we have to look at the larger picture for guidance.
The EUR/USD pair attempted to rally on Friday, but was beat back down as the pair broke above the 1.30 level. This looks as if the large amount of resistance above is going to continue to work against the buyers for the time being.
The EUR/GBP pair initially fell on Friday, but as you can see by the daily chart the market bounced. This is especially interesting to me at this point because the Pound is doing so well in general.
The AUD/CHF tested the 61.8% retracement level last week for the Bullish run up from 0.9125 on May 13 to 1.03477achieved in July.