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.
The AUD/USD pair has been beaten up pretty badly over the last several sessions. The risk appetite around the world continues to deteriorate, and as long as it does, the Aussie will suffer for it. The commodity markets all look weak, and as a result the Aussie will too.
GBP/USD is an interesting market at the moment. The pair continued to rise even as the risk appetite fell. However, the last couple of weeks have seen a bit of a pullback now, and the Wednesday session may have been the real start of something much more bearish.
The AUD/USD chart printed a pin bar reversal pattern at a very strong level of support of 0.9925 closing just below the Weekly S1 at 0.9942 and kissing the Weekly S2 with its long wick at 0.9868.
Based on DailyForex's analysis of the USD/CAD and EUR/USD traders profited on a binary options platform.
See how your favorite major pairs were doing so far this week and learn where they may be headed from this weekly Forex summary.
The EUR/USD continues to inflate trading accounts of those who have been shorting it and waiting for it to act “properly.” After all, it seems like just a week or two ago I and most of my trading friends simply couldn’t understand how this pair remained above the 1.30 level at all cost.
USD/CAD had a bullish session on Tuesday as the “risk off” trade continues. The commodity markets all took a beating as the Dollar reigns supreme. For all of the talk about the Dollar no longer being the safety trade, we are seeing yet another example of how this isn’t true.
The Kiwi dollar is one of my most favored ways to play the risk appetite of the markets on the whole. For example, when the stock markets around the world are happy and rising, this pair normally does quite well.
The USD seems to be picking up momentum against numerous pairs lately, including the Japanese Yen. See why here.
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Based on Christopher Lewis's analysis of the EUR/GBP and USD/CHF traders profited on a binary options platform.
Here is another signal for the USD/CHF pair using the Elliot Waves Method. Will you profit today? Find out here.
Learn all about the EUR/USD and where it is headed with this free Forex Signal.
The EUR/USD pair continues to be the one that everyone talks about, and the fact that the Greeks simply seem like they cannot find some way to find a consensus in government will continue to push people into the Dollar. The pair simply looks weak, and the recent downturn has been a long time coming.
This pair has been very resilient over the last several weeks as the markets continue to worry and fret over the various issues in both Europe and China. The possibility of a global contraction certainly hasn’t done much for the risk appetite out there, and under normal circumstances, we would see this pair fall.
