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.
EUR/USD fell again on Wednesday as the problems in the region continue to make headlines. The idea that there is a large amount of Europeans expressing through the ballot box that they are fed up with the austerity measures certainly weighs upon the market and sentiment regarding not only the Euro, but risk assets everywhere.
The AUD/USD pair fell hard on a Wednesday session that saw plenty of risk aversion in the marketplace. The pair is one of the favorite ways for traders to express their risk appetite, as the Aussie is so highly correlated to the commodity space, and to exporting to China.
The oil market forming a hammer at a massive support level is worth noticing. For those of you that don’t trade oil – it is one of the most technical markets out there.
The GBP/USD traded as low as 1.6066 early in the New York session and rebounded to close at 1.6135. This price action formed a potential pin bar reversal off of the 50% retracement level for the period between the low on April 16 and the high of April 30th.
Based on Christopher Lewis's analysis of the EUR/USD and USD/JPY traders profited on a binary options platform.
Another day full of nerves passed by in Wall Street, the buyers are still not willing to give up and therefore we see bullish momentums during the trading session. The S&P 500 is facing the support of 1350-1360 points and a strong short-squeeze here might lift it to 1400 points.
The EUR/USD pair has been frustrating for those of us that expect its total destruction someday. The pair continues to fight at the 1.30 level, and by now everyone knows that someone is there defending the level.
The EUR/JPY pair fell on the session for Tuesday as the “risk off” attitude came back into the world’s financial markets. This pair has a long history of being very sensitive to the stock markets and risk sentiment in general, so when things get a bit on the nervous side, this pair will fall under normal conditions.
The USD/CAD pair is one of the first ones people look to when they think of oil. While the oil markets certainly can be influential in this pair, there is a lot more to this market than most people think of.
The Kiwi is approaching a key Weekly Support level at 0.7750 and has crossed below the 62 WMA for the first time in 6 months. Today's price action say the formation of another Bearish engulfing candle hinting that the brakes have not yet been applied on the pair's descent.
A trader profited on a binary options platform based on today's technical analysis.
Check out this EUR/USD free Forex RSI and Fib Signal from the experts at DailyForex.com
The US stock markets opened the trading week on mixed territory as the industry index, Dow Jones, closed on the red zone and the other two main indices closed on the green territory.
The European Union had elections over the weekend in Greece, France, and Germany. While some of the election results were expected, some of the results in Greece had people concerned around the investing world as many of the new parliament members elected to go to Athens are stringently anti-austerity.
The Aussie gapped lower at the open for Monday as the world sold off risk assets in reaction to the election results in places like Greece, Germany, and France. The austerity packages are now in some kind of doubt, so this of course had the markets a bit jittery.
