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.
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The GBP/USD pair rose drastically during the session on Thursday as the support at the 1.60 level continues to give the buyers confidence. At this point in time, it appears that the 1.62 level will be the next hurdle to overcome follow shortly behind by the 1.63 level.
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The EUR/USD pair fell during most of the session on Wednesday, as one would expect as stock markets around the world fell. We are still sitting around waiting for some type of bailout request Spain, and until then comes it will be a bit of an overhang to the value of the Euro.
The EUR/JPY pair fell during the session on Wednesday in order to break through the 103.50 level. However, by the end of the session we saw the pair bounced off of what seems to be obvious support, and it suddenly formed a hammer.
The EUR/GBP fell rather hard during the Wednesday session as we went as low as the 0.8075 level. When I look at this chart, I see that the 0.8050 area is support from the previous resistance, and as such this pullback really doesn't change my opinion on the whole.
The EUR/USD has appears to once again found support at 1.2920, printing a Daily Pin Bar Reversal at this level and continuing to honor the ascending trendline that began back in July with the 6 month low at 1.2042.
The GBP/JPY pair is trending upward. Check out this Forex signal using the Ichimoku technical analysis method and make your move now.
According to the analysis of the AUD/USD and NZD/USD trader profited on a binary options platform.
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The EUR/USD pair fell during the session on Tuesday as the "risk off" trade came back into play. I currently see several markets showing extreme weakness about anything relating to risk, and it is because of this that I am not a fan of shorting the US dollar in general right now.
The AUD/USD pair had an extremely bearish session during the Tuesday trading day, and I believe that we are starting to see a serious surge in downward pressure in this currency.
The NZD/USD pair fell during the session on Tuesday as the riskier assets around the world lost value. The 0.8100 level is a support area that has held up in the past, but is currently being pressed upon by the sellers.
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Sign up to get the latest market updates and free signals directly to your inbox.The day before yesterday the USD/JPY surged some 75 pips higher after opening to close just shy of 80.00 at 79.994. Then yesterday the pair peaked at 79.978 before falling to the 38.2% retracement level of the day before, closing just 11 pips above the Weekly R1 at 79.808.
According to the analysis of the USD/CAD and EUR/JPY trader profited on a binary options platform.
The EUR/USD pair had a positive session on Monday, but gave back a little bit of the gains late in the day. We are currently at the top of what I think is going to be consolidation between the 1.3150 and 1.28 levels.