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 Japanese Yen has not been the only currency getting significantly weaker since the G7 central banks intervention few weeks ago. Another "safe haven" currency, the Swiss Franc has also been on defensive during the same time, falling broadly.
Together with the Australian Dollar, the Kiwi staged impressive rallies in most of its crosses, which in some instances exceeded a 1000 pips mark.
Two weeks ago, the US Dollar dropped to an all time low against the Japanese Yen, reaching 76.12. It did not stay there for long, rebounding immediately.
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The New Zealand Dollar staged a very impressive rally lately. It advanced broadly, gaining on most currencies, including the US Dollar.
The Canadian Dollar has been getting stronger against the US Dollar. However, the recent price action has been much smoother than in other pairs, particularly when we look at the daily chart.
There have been some serious gyrations in some currencies lately, and the EUR-AUD pair has not been immune.
The CHF had a strong surge recently. What should this mean for your Forex trading strategy?
The Canadian Dollar – Swiss Franc currency pair broke out of the prolonged trading range it had occupied for a long time.
In the aftermath of the earthquake, which hit New Zealand few weeks ago, that nation's currency fell into a disfavor.
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Last week turned out to be extremely volatile for the Japanese Yen, and the Yen became much stronger pushing and made anew all time high versus the Dollar.
The Swiss Franc has been moving in tandem with the Japanese Yen lately, which means that it mimicked its volatility last week.
After what had seemed like an eternal bear market, the EUR-NZD appears to have found a bottom late last year.
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Since the JPY has been a funding source for a carry trade, some currencies suffered as the Yen gained.
Gold seems trying to get another bullish momentum as the strong support at 1412.35 held