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
See how one trader executed profitable trades for GBP/USD and EUR/JPY based on today's technical analysis.
EUR-JPY signal based upon Ichimoku principles. Find your entry and stop loss now. Good for several days...but why wait?
See how one trader used today's technical analysis to profit using a binary options trading platform. Then get in on the action too!
My analysis for the EUR/GBP resulted in GBP strength and my analysis on the USD/CHF resulted in USD weakness for today only for reasons of imminent pull backs to the daily 5 ema so I start out my bias as bullish for this pair.
This pair continues to look almost identical to the EUR/USD. Just glancing at the USD/JPY I see it is very range bound which explains the close correlation between the EUR/USD and EUR/JPY.
We notice a double bottom at ABC ZigZag correction which indicate an upward movement on our way. Get the whole weekly technical analysis for this pair here.
The USD has been extremely strong for well over a month now. This pair has been bullish. Looking at the weekly chart I still see bullishness, but I also see that price is a ways from the 5 ema and needs to reconnect with it before it can continue to the upside.
I already have a bearish bias on the EUR which means I am bullish on the EUR/USD. Starting out with the weekly chart I see we are lifting off from the 50.0 fib level of the move up.
Looking at weekly Ichimoku Chart, we can notice that trend has entered the Cloud (Kumo) which tells us that we are going into a correction wave that makes me expect Zigzag, Flat, or combinations before trend leaves the Cloud into another major trend either upward or downward.
Starting out with the weekly chart it looks bearish off the bat. Price is approaching the 5 ema and for sure there will be a bearish reaction forcing price down adding to GBP strength. Get the full analysis here.
Trading closed last week with a really nice bearish inverted hammer
on the EUR/USD pair daily chart. The candle formed at the resistance
zone of 1.3450 pushing at high as 1.3524 and then closing about 75 pips
lower at 1.3375, well below the resistance zone and Moving Average.
This pair is looking extremely bearish today. On the daily chart price is up against the 13 ema and is currently between the 50.0 and 61.8 Fib level of the recent drop down.
Moving over to the EUR/GBP weekly chart we see that price is coming up to the 55, 21,and 13 ema's, this is strong resistance.
USD looks stronger than ever. Looking at this pair on the weekly chart the USD looks very bullish.
EUR/JPY pair continues to look very similar to the EUR/USD and of course it would since both pairs are highly correlated with each other.