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
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.
This USD/CAD signal is brought to you by Fibonacci level method. Check out this pair's free signal!
The AUD/USD is approaching the 50% retracement level and the Daily 62 EMA 30 minutes after London's equivalent to New York's'Wall Street', often referred to as 'The Square Mile' or 'The City', began its trading day.
The NZD/USD pair will more than likely have a big move in the next couple of trading sessions. This isn’t anything related to the United States, or even to Auckland. Rather it is all based upon the Greek elections on Sunday.
USD/CAD had a bearish session as the oil markets popped nicely during the Thursday trading day. The Canadian dollar gained as a result, and there is open talk about potential Federal Reserve easing now. This will work against the value of the US dollar, and by extension make it so that it takes more of them to buy oil.
EUR/USD had an interesting session on Thursday as the Euro gained on a lot of different forms of speculation. We have seen this over and over: traders will get bored of selling, and come up with a laundry list of possible reasons for the Euro to rally.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
AUD/USD has the potential to be one of the most interesting pairs in the near term. This is mainly because of its well known correlation to risk appetite around the world, and the obvious correlation with commodities on the whole as well.
Cable struggled again during the Wednesday session as the latest round of buying simply seems to be grinding to a halt at this point. The move lately has been to the upside, but when put into the context of the last couple of months, we aren’t even all the way back to the 38.2% retracement level form the fall yet.
The EUR/USD pair is obviously the focus of Forex traders these days. You simply cannot go to a financial website, forum, or channel without hearing the debt crisis in Europe being mentioned.
The Loonie has been losing its battle with the USA's Greenback all week after taking back some ground last week to the tune of 38.2%. The start of the trading week saw a roughly 40 pip bearish gap and then a 96 pip +/- move upwards in response.
This USD/CHF signal is brought to you by the Elliot Waves and Fibonacci level method. See which direction this pair is headed!