EUR/USD fell on Monday as traders continue to ebb back and forth in their “risk appetite” as far as Europe goes.
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.
Most Recent
GBP/USD has been on an absolute tear recently. The move has been parabolic by just about any definition, and the Federal Reserve promising ultra low interest rates until at least the end of 2014 has done nothing to get in the way.
AUD/USD has been bullish as of late, and with the Federal Reserve promising easy rates until the end of 2014, this trend is more than likely going to continue.
Top Forex Brokers
The USD/JPY pair has had 3 Bearish days in a row halting at the 76.30 S/R zone that has been supporting the pair since July 2011.
EUR/USD has been a frustrating pair for many traders lately. The pair has been the epicenter of mass confusion and occasional bouts of “hopium” by the markets.
USD/JPY has been stuck in consolidation for quite some time. The Bank of Japan has been working against the value of the Yen, and this pair is its main instrument for doing that.
AUD/JPY is a pair that I have been writing about quite a bit lately. This is mainly because the pair is so informative in general.
Our professional trader starts this trading week with a EUR/USD Signal. See how the trading week begins!
Our pro trader starts the trading week with a AUD/USD Signal. See how the trading week begins!
Bonuses & Promotions
Our expert trader starts this week with a GBP/USD Signal. See how the trading week begins!
A quick search on the internet will net anyone about a hundred different analysis on the EUR/USD pair, but it is a hot pair and one of the easiest to trade so I will offer my observations as well.
This time last week, I was making a strong recommendation to buy gold futures. Another volatile week for the USD saw gold rally 4.43% over the course of the trading week, settling at $1741.55 a troy ounce by close of play Friday.
Check out this weekly Forex forecast of pairs including EUR/USD, GBP/USD, USD/CHF and more and start your trading week right.
The EUR/USD pair rose initially on Thursday as traders around the world celebrated the Federal Reserve’s quest to kill the US dollar in the form of low rates until the end of 2014.
GBP/USD rose again on Thursday as the mania continues. The UK even came out with negative GDP numbers the other day.