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 Daily Forecast, Analysis and Prediction
Top Forex BrokersForex Daily Forecast, Analysis and Prediction
AUD/USD initially spiked during the session on Thursday in anticipation of some new program out of the ECB that should have amount to the printing of money. However, the announcement gave very little in terms of substance, and as such the hot money players simply bailed on the "risk on trade."
GBP/USD looks absolutely horrible at this point. Granted, we're still within the consolidation range of the end of the Thursday session, but the action for the day was very poor indeed.
See the recommendation for the EUR/USD pair with this Forex signal before the day is done.
According to the analysis of the EUR/JPY and AUD/USD trader profited on a binary options platform.
The EUR/GBP pair has pulled itself out of the bears grip, but whether we have the start of a Bullish Trend or just a retracement developing is too soon to tell.
EUR/JPY initially attempted to rally on the start of the Wednesday session, only to be turned around after the Federal Reserve failed to give the markets the "sugar high" that everybody seemed to want.
AUD/USD had an interesting session on Wednesday as it reacted both positively to the idea of continued stimulus out of the United States, and negatively to the reality that it never happened.
EUR/USD reacted very poorly to the Federal Reserve's announcement during the Wednesday session. This is because there was a certain segment of the population out there that believed the Fed was about to enter some type of quantitative easing.
As we prepare for the ECB announcement tomorrow check out this Forex signal for the EUR/USD pair.
The GBP/AUD pair has touched down at the 1.4860 area, a price area not touched since February of this year and a level that has provided strong support many times in the past 12 months.
It's pretty rare that I get to say something like "This currency pair looks absolutely horrible, get ready to buy it!" However, this is exactly what the USD/JPY looks like right now to me. As odd as it sounds, there is a reason to my logic.
NZD/USD had an interesting session on Tuesday as the participants in the currency markets have decided to place their bets ahead of the Federal Reserve and the European Central Bank meetings this week.
If there has been any consistent trade out there lately, it's been to sell the Euro against just about anything else. It is in this thought process that I look at the EUR/GBP pair.
According to the analysis of the EUR/USD and GBP/USD trader profited on a binary options platform.
The GBP/USD took back roughly 267 pips from the USD last week, closing above the Weekly Pivot and 62 Day Moving Average. This is only the 2nd time since May 15 that price has closed on the positive side of the 62DMA in favor of the Sterling.