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.
AUD/USD had another bullish session on Wednesday as traders take advantage of the bounce found at the parity level. The Australian dollar of course is one of the most favored risk assets for currency traders, and as such we may be seeing a little bit of pre-European summit buying.
EUR/USD fell just slightly during the Wednesday session as the market prepares for the European Union’s summit meeting over the next 48 hours. Because of this, is very possible this pair may do very little over the next two days.
Using the Ichimoku method, see where this pair is headed with free Forex signal.
Before the day is done, be sure to check out this free Forex Signal for the British Pound and US Dollar.
According to the analysis of the AUD/USD and GBP/USD trader profited on a binary options platform.
Catch up on your favorite currency pairs with this mid week Forex summary. Use this as a guide for your trading the rest of the week!
Like most of the pairs tied to the US Dollar, the USD/SGD daily chart has printed a nice bullish flag formation, and has actually broken out of the descending channel with the last 2 daily candles that have printed.
Follow up on Monday's EUR/USD Signal with this update on where this pair is headed. The Euro is still trending up! Get the details here.
This pair could be a bit of a tough one to trade in the near term. After all, the Australian economy is heavily influenced by the mining sector, and this is heavily influenced by exporting to places like China. In fact, one of the best ways to think of the Aussie is to trade it as a proxy for the Yuan.
Cable managed to bounce higher on the Tuesday session as the Pound had a fairly decent day all around the Forex markets. The GBP gained against the Dollar, the Franc, and the Euro in unison, and it appears that the Pound might be a possible “safe haven” of sorts at the moment.
EUR/USD had a very calm session on Tuesday as the world of Forex still looks forward to the European Union summit on Thursday and Friday. The markets had been very generous previously with these summits, as the participants would buy the Euro in anticipation of finally getting a comprehensive result from the meetings.
According to the analysis of the EUR/GBP and EUR/USD trader profited on a binary options platform.
The Aussie dollar isn’t one of my favorite currencies at the moment. See why here in this full technical analysis.
EUR/GBP has been one that I have been very interested in lately, as the pair is currently looking to break a major bearish flag, and the Euro is so unloved at the moment. The 0.80 level is right there as well, so a lot of things are lining up at the same time – something I like to see.
EUR/USD is the absolute center of attention for most Forex traders at the moment. With the seemingly never ending drama in the EU, there is almost always going to be a headline to react to.
