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.
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.
EUR/GBP is a pair that a lot of traders I know ignore. It is truly too bad in my opinion as it is most certainly a match of two of the world’s major currencies. The pair is often overlooked in my estimation because of the fact that the average daily move is quite often only 30 or 40 pips.
The USD/CAD Daily Chart is, in my opinion a bit of a mess. Not anywhere near as bad as the EUR/CHF 1 Hour chart that resembles a seismograph detecting tremors in the earth, but still a mess.
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EUR/USD continued to grind lower on Friday as the pair still is the very center of the storm in the Forex world. The concerns are well known by now, but there seems to be a new headline that comes out every 24 or 48 hours that gives more weight to the bearish stance in this pair.
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The AUD/USD pair has been falling lately, as the world continues to worry about Chinese slowdowns and European debt issues. The Chinese have been showing signs of slowdown lately, and this will weigh upon the Aussie dollar as the Australians send so much of their raw materials to the massive factories on the east coast of China.
The USD/CAD pair has been range bound for some time now, and for traders that cannot trade in this type of environment, this pair has been very tough to make money in. Oddly enough, range bound markets are some of the trickiest for many of my trading friends, even though there is a well-defined boundary on both the top and bottom.
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Silver is slowly shrinking against the US Greenback hitting its lowest point in 4 months on May 11 and seeming to have no reason to stop falling.
The EUR/USD pair continued to be a troublesome pair to trade on Thursday as the markets simply cannot sit still or even pick one direction for any real length of time. The pair has a recent history of whipping trading accounts around, and the last couple of sessions are the first signs of some semblance of a trend forming.
The pair technically broke out back in January, and the 80 level was the site of a massive move higher. The move caught a lot of traders off guard, and the short covering and newly implemented longs pushed the pair much higher in a very short amount of time.
The USD/CAD pair looks like a very interesting market to me at the moment. The pair has been very range bound over the last few months, and the oil markets have also been very confusing to a lot of traders as well. The commodity trade has been absolutely hammered lately, and this chart shows just how far the oil markets fell.
Based on Christopher Lewis's analysis of the AUD/USD and USD/CAD traders profited on a binary options platform.
