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
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Forex Technical Analysis
The Euro- British Pound has been going through a correction recently in relation to the primary price swing on the daily chart.
The New Zealand Dollar has been of the strongest currencies in recent weeks.
The British Pound has been showing signs of strength lately. It appreciated measurably against some currencies, like the Euro, and held ground in relation to the Dollar, while the USD has been gaining on most others.
Bearish divergence in AUD-USD. After making the all time high at1.0165, the AUD-USD is starting to show signs of weakness.
The last couple of weeks brought a selloff in the EUR-CAD. Nothing surprising. After all, this pair has been in an uptrend for a few months and has registered strong gains
In this Forex market, it looks like the dollar strengthening has finally put an end to the bull move in the EUR/USD, however it may not be time to get particularly bearish yet
Since early September, the EUR-CHF had been in a substantial rally. It took this pair from the all time low of 1.2765 to a high 1.3835, which gave an appearance of a major reversal. However, the price failed to reach the key resistance of 1.3925.
In spite of the all the coverage surrounding the Japanese Yen, the USD-JPY has become one of the least attractive currency pairs to trade. I
Unlike many other currency pairs, the USD-CAD has spent most of this year in a relatively tight trading range.
While the Bank of Japan threatens another intervention, the Yen keeps getting stronger. Not against all currencies, though.
Recently, there have been some questions about the uptrend in the GBP-USD.
The Australian Dollar appreciated substantially on Tuesday, after the Reserve Bank of Australia raised interest rates to 4.75%
The major resistance at the 1.6050 area has again held very well keeping cable into the larger range and not allowing a potential new high.
While many currency pairs have been trading in ranges or even erratically lately, the NZD-CHF staged a convincing rally from 0.7187 to 0.7645.
One of the currency pairs that experienced a lower volatility recently is the GBP-CAD.