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/JPY pair initially gapped as the markets opened for trading in Asia on Monday. Ironically, the highs for the session were put in just a few moments afterwards.
The USD/CAD pair initially tried to rally for the Monday session, but was left wanting as the 0.99 resistance level continues to be a bit too much for the buyers. Looking forward, this pair will be an interesting one follow because it is probably the one that is most likely affected by the so-called "fiscal cliff” talks in the United States.
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The EUR/CHF pair is expected to start trending upwards. Get your free Forex signal for this pair here.
Check out this free Forex signal for the XAU/USD pair and learn where it may be headed here.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
XAU/USD tried to break through the previous week’s high (1723) on Wednesday but ran out of steam as investors used this opportunity to take profit. This level has been a significant resistance/support level since October and as a result it became an ideal level to realize profits.
The EUR/USD pair had yet another strong showing on Friday as we managed to close above the 1.3150 resistance level. Granted, we only broken by about 15 pips, but this does suggest that we are going higher in the long run.
The USD/JPY pair as we smash into the 84 handle. If you been paying attention to anything that I find out recently, you know that I think the 84 level is crucial in determining which direction this pair goes over the next several months, if not years.
The AUD/USD pair had a strong showing on Friday as the bullishness in the Australian dollar continues. One of the first things that I noticed when looking at this chart is the fact that the 1.06 level is so well-defined on the longer-term time frames.
The GBP/JPY is at a resistance zone that may turn the pair, if not only temporarily...but the real zone to watch is another 370 +/- pips from the current price.
Check out the first quarter for 2013 forecast for one of the most popular Forex trading pairs, the EUR/USD here and see what may be in store for these two currencies.
Check out the Forex forecast for the major pairs for the week of December 16, 2012 analyzed by one of DailyForex.com's expert traders here.
The EUR/USD pair went back and forth during the session on Thursday, only to end up a sickly unchanged. As we get closer towards the top of the recent consolidation area, it is going to be more and more difficult for the buyers to take control.
The USD/CAD pair had another negative session during the Thursday trading hours, but has again seen the 0.98 handle step in and provide support. I currently think this pair is more bearish than bullish, and I believe that the 0.99 giving way as support was a significant move.