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
I will start my analysis for EUR/JPY pair with the weekly timeframe. I do not think this pair is done dropping just yet.
I will begin EUR/USD pair today with the weekly chart. Yesterday this pair broke the price channel it had been confined in and what a sweet break it was.
Price has broken above the 38.2 fib and for sure will head up to the next level, the 50.0 level at .9398, which it almost reached a few weeks ago.
I will start off with the daily timeframe for this pair. It starts its day below the 21 ema with the 5 ema beginning to cross the 13 ema with a stochastics pointing down.
As I am sure most of you are already aware, the EUR/USD pair dropped like a stone through our weekly support level today.
See how one trader profited based on today's technical analysis, and how you can too.
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The EUR/USD has plunged during the Wednesday session as fears of Italian debt problems continue to take the focus of the markets.
I will begin my analysis for the EUR/JPY starting out with the daily time frame and it is very obvious that this pair has been making a series of higher highs and higher lows and is on the move up.
Beginning my analysis for this pair I will begin with the daily time frame and I can see that yesterday's price did poke through the 61.8 fib level for this pair and price is still riding along the 5 ema with the upper Bollinger open and beginning to point up.
I will begin my analysis for EUR/GBP today with the daily chart. Yesterday the market opened away from the daily 5 ema and rose to it and nearly touched it.
I begin my analysis for the Swissy today with the daily time frame.
On the daily time frame I can see that yesterday this pair made a higher low and a slightly higher high and price seems to be rising from the recent fib it has made to the upside.
The EUR/USD has been making higher lows for the past six trading days, and is up ever so slightly after opening the week at 1.38329.
The USD/CHF pair has been propelled by recent announcements out of the Swiss National Bank deploring the heightened value of its currency.