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 EUR/JPY pair came within 14 pips of the 6 month high shortly after the London Session opened. The pair then proceeded to reverse and fell 105 pips in the next 4 hours, closing below the Daily Pivot at 110.40 to a daily low of 109.87.
See the mid week summary of your favorite major pairs, get updates and learn where they may lead the rest of the week.
Wall Street closed the second trading day of the week in mixed territory, as the technology sector keeps pushing the NASDAQ higher. S&P 500 and Dow Jones closed on the red territory but finished on the day's high.
EUR/USD had a funky kind of day on Tuesday as the markets continue to try and figure out a catalyst for the next move. The initial move was to the downside, probably in reaction to the comments made by a BHP Billiton exec in Australia about how the Chinese demand for hard commodities was going soft.
The recent break of the massive weekly trend line and the 80 handle was the real breakout. The Bank of Japan is now purchasing more JGBs (Japanese Government Bonds) which essentially is the same thing as flooding the market with Yen.
The USD/CAD pair can be one of the trickiest pairs to trade in the Forex market. This often is because of the interconnected nature of both economies. The Canadian economy sends over 80% of its exports south of the border into America, and as a result it is very dependent on the US for its overall health.
This EUR/USD signal is especially time sensitive, so check it out while it's still valid.
The Swiss Franc is extending its gains on the American Greenback, but has hit a snag in the hours leading up to the London Open. Currently trading at 0.9087 the pair is stuck in between the Daily S1 at 0.90884 and Weekly S1 at 0.90855.
The Australian Dollar is showing strong gains against the USD after the GBP Consumer Price Indexes were released and the Swiss Industrial Production numbers reported 7.5% better than expected.
The US stock markets opened the trading week on the green territory, though Dow-Jones made first signs for a possible weakening. Get the full analysis here!
The EUR/USD pair had another bullish session on Monday as the Euro has received a bit of a reprieve after the Greek bailout. The markets have shifted focus for the moment, but in reality the situation hasn’t changed much, even after the latest round of wealth transfers.
The Yen side of the equation has several reasons to sell it. The Yen has been weakened by the Bank of Japan itself as the central bankers have been buying government bonds hand over fist recently, and it looks like this program will continue for some time going forward.
The cable pair has been very positive lately as the Pound has enjoyed a bit of resurgence. The pair has been stuck in a range over the last 2 months however, and this leads me to believe that we are simply trying to figure out where to go at the moment, but I see no real catalysts at the moment to break us out of this range.
Here is the signal update for EUR/USD second time today!
Based on Christopher Lewis's analysis a traders profited on a binary options platform, watch here.
