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 USD/CAD price behavior creates a strong impression of the USD/CAD forming an extended and, possibly, a long-term bottom.
Nonostante il forte rialzo sopra la resistenza, rimane valida la posizione neutrale. Cercate per ribassi al momento verso la barriera di prezzo di 1.2388. Si e’ formato un ristretto range di scambi, situazione piatta. Posizioni di attesa con opportunità di vendita in target.
During the last month, the Swiss Franc made large advances against most of the other major currencies. No other Franc pair exemplifies it better than the EUR/CHF. Chances are that a sharp correction is about to take place.
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The tower formed late last week, was followed by the movers of the market opening this week, by putting the EUR/USD into a downward direction.
Intensely awful news for the side of the EUR/USD the United States has, rocketed this pair up. Bollinger Bands, Full Stochastics, StochRSI and RSI were each above their centerlines, this shows the importance of taking into account news when trading technicals
Two of the three heaviest hitting news releases that will send the EUR/USD in a direction today that does not favor the Dollar.The other item is strong enough to ensure this day will likely end only slightly up.
The EUR-AUD pair has been in a prolonged down trend since the original financial meltdown of 2008. This could be changing.
Technicals have been pushed down due to the intentions of market movers. The Non-Farm Employment Change is forecast to empower the USD to help the EUR/USD dive further down.
Over the last month or so, the USD-JPY pair sold off from 93.00 to 88.25. A significant fall in relation to the most recent history. However, this move may be ending.
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“The world is flat” as some would say- This year was nothing less than a proof of that statement.
The strength and determination of those that had the money to create yesterday's move will cause the EUR/USD pair to end lower.
Despite the negative economic announcements, the Japanese Yen continues to outperform other counterparts.
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Recently the Japanese Yen has had few days of gains. Likewise, the British Pound had a decent rally. Combination of these two currencies getting stronger created very erratic moves in their cross, the GBP/JPY.
During the last few days, the Japanese Yen made strong gains against most other currencies, including the high flying “commodity dollars”.