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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Start your trading week with a Forex signal on the EUR/CAD pair. Where is this pair headed and what is the recommendation? Fadi has all the answers here.
The EUR/USD pair fell on Friday as the markets were basically in a “risk off” mode. The Euro continues to represent a region that has a plethora of problems, and as a result there is always a bit of a “dark cloud” hanging over the currency.
The USD/JPY pair fell precipitously on Friday in order to confirm the 80 handle as massive resistance. The area has been a cap on the price of this currency pair for some time now, and as a result we have seen the sellers come in and step up the pressure every time the buyers have had a chance to break out.
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The USD/SGD pair probably isn’t a pair that most of you pay too much attention to, and this is a real shame truth be told. The pair has a habit of trending nicely, and has a reasonable spread.
Last week the EUR/USD fell as low as 1.2882 before finding support at this level and testing the lower edge of an ascending channel the pair has been trading along since July.
As one month ends and another begins, this weekly Forex analysis can help you make the right moves and proceed with the proper caution when trading these major pairs throughout this week.
The EUR/USD pair fell during the session on Thursday as we initially tried to rally above the 1.30 level again. The fall after reaching that area formed a shooting star, which of course is always a bearish sign.
The USD/CAD pair continued to bounce around in a very tight range during the Thursday session as the markets that we have no idea where wants to go. Looking at this chart, it is easy to see why a lot of my trading friends have been chewed up over the last couple sessions.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.