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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This pair begins its new week below the 5 ema on the weekly time frame. The trend to the downside looks strong. Each of the ema's are in sync with each other and in their respective numerical order in regards to the downtrend.
For all practical purposes, the Swissy is looking bearish to me. Mostly because it has a lot of resistance it its way. Beginning my analysis with the weekly time frame I can see we have been in the same fib zone for a several weeks now.
The EUR/USD is a pair that has been at the epicenter of the storm in the Forex markets as of late. Looking at the pair, you can clearly see a massive hammer that has formed on the weekly chart just above the 1.35 level.
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I will begin my analysis tonight for the Swissy with the daily timeframe. Price is riding the 5 ema to the upside.
I start my analysis tonight for EUR/GBP pair looking at the daily timeframe. This pair looks very interesting to me today.
I begin my analysis for GBP/USD pair with the daily timeframe which in just a bit of a range.
I begin EUR/JPY pair with the daily chart. Price has broken a trend line a couple days ago and price is just below the 5 ema.
For EUR/USD today I will begin with the daily timeframe. Yesterday it just pierced the 61.8 fib to the upside, however, it is still below the 5 ema which is forcing it down.
The GBP/USD is a mixed bag for me. On the daily timeframe price has been falling all week and has stayed below the ema's.
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EUR/GBP pair finally made its break to the downside yesterday. As I said in my analysis yesterday, I love it when price is against a trend line.
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.
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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.