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
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.
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.
The technicals on the three hour chart tell a tale of a tumble downhill long overdue for the the EUR/USD. Three news releases foretell of a fine future for the USD.
Currently the intermediate term chart of the EUR/AUD cross is in a process of building a rounded bottom. It is not confirmed yet, but so far, it has a classic look.
The Japanese Yen has been in range trading for sometime now. Despite it being a tight range, there are plenty of opportunities to capitalize on the movements with low amount of risk.
A ceiling of 1.2740 appeared later in the day on the three hour chart.
Risk is on this Tuesday morning. A combination of good news, bad news has stirred the Euro.
Cable (GBP/USD) is very volatile pair to trade and with the correct patience and forex management skills one can bank up some pips nicely daily whilst enjoying trading.
A foul forecast is set for the Euro's side of the EUR/USD, while a favorable forecast is set to aid the Dollar's recent diminishing strength in this pair's ongoing power struggle.
Over last couple of days the EUR/JPY has been trying to find direction. <span style="font-size: 13px;"><span style="font-family: arial,helvetica,sans-serif;"><span style="line-height: 115%;">The support or the trendline will be broken soon, indicating the direction of the next move for the EUR/JPY.</span></span></span>
Looking at the Aussie, we currently find the pair ranging after a prolonged uptrend. A probability of the AUD/USD pair making a trend after a break of either resistance or support is high.