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
Forex Technical Analysis
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The AUD/USD appears to have found support at the daily zone of 1.0326 after falling last week from the recent high of 1.07521. The pair has retraced 38.2% from October's low of 0.9387 to the previously mentioned high, and has encountered both support & resistance at this level, in the last few months.
EUR/USD While the pair has been very choppy lately, the truth is that the pair has been almost 100% news-driven over the last several months.
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Today EUR/GBP is at the bottom of the price trap it has been confined to since may.
EUR/USD pair is currently crunched in between support and resistance, on the daily chart price is just above the 21ema and below the 55 ema.
On the daily chart we find the Swissy just below resistance levels. Price is seated just under the 5, 13 and 21 ema's.
Starting out looking at the daily chart for GBP/USD pair it is obvious that price did make a fib yesterday which overlapped with the 21 and 55 ema's.
EUR/JPY pair starts off sitting on the 5 ema on the daily chart. The 5 ema is ahead of the rest to the upside and the 13 is beginning to cross above the 55 ema all bullish indications from a daily perspective.
It looks like our GBP/USD weekly support zone of 1.5950 is holding. Prices have been fluttering around this zone for a week now with at least 7 attempts on a daily chart to push lower.
One of the most heavily influenced currency pairs by the Non-Farm Payroll announcement is the USD/JPY. The pair is a well-known “risk sensitive” market, and will often be the focal point of traders – especially if the reports are good.
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We start out today on the daily chart with price up against the 50.0 fib level and the lower Bollinger band sharply pointing up.
On the USD/CHF daily chart for the Swissy price is currently being crunched between the 5 and 21 ema's with the 233 and a trend line just above.