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 Kiwi has retrace just a little higher than the 61.8% retracement level of the Bearish run that started in April and ended at the beginning of June. Price reacted with a very bearish power candle after hitting 0.80146 and has been consolidating just above the 62EMA at 0.7850 for the last 2 trading days.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
Our expert signals trader is recommending to sell and hold the USD/CHF pair. Get the full signal here.
The EUR/USD pair is trending up! Get the free Forex signal here and see if you can profit today.
Begin your week with the Forex forecast of the major currency pairs. Find out where they are headed and what it means for your trading week.
GBP/CHF is a pair that I don't often talk about, but it is one that can offer strong returns as it does tend to trend in move so rapidly in one direction or the other. In the current environment, the Swiss National Bank has been working against the value of the Swiss franc actively.
USD/JPY is a pair that I have been watching for some time now. With the Bank of Japan working in the shadows, there has been somewhat of a natural bid in this market. Granted, the pair has many should drift lower but we have seen a bit of support as the 78 handle.
On Friday, we again saw a relatively flat Euro based upon the fears in that region. The region continues to be the epicenter of all things Forex related, and the news flow has been moving this pair back and forth rather violently from time to time.
The Australian Dollar is looking weaker against the American Greenback again as the pair kissed the 61.8% retracement level at 1.0207 last week and printed a strong Bearish candle the next day.
See where the USD/CAD pair went after last week's signal and where it is headed. This pair is trending down. Get the signal here.
Begin the trading week with this Forex signal for the NZD/USD. See where it is trending and find your target now!
Yesterday the GBP/USD reached the 50% retracement level of the Bearish move that began on April 30th at 1.63007 and ended after establishing a higher 6 month low at 1.52675.
Before you end your trades as the weekend approaches, see what our expert trader recommends for the AUD/CAD pair with this free Forex signal.
The cable had a rough go at it on Thursday as the risk appetite of traders around the world soured. The concerns of global slowdown seemed to be validated as the Chinese, Americans, and Germans all posted bad economic numbers during the session.
EUR/JPY has been in a massively bearish trend for some time now. However, over the last month or so, we have seen a bit of a rally. The real question when something like this happens is whether or not it is a rally, or merely a pullback.
