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 EUR/JPY pair fell during the session on Tuesday, after initially gaining quite a bit. The resulting candle formed a shooting star, and this of course is a very bearish sign. This suggests that the Japanese yen will continue to strengthen, and as such I think we will enter a "risk off" type of environment.
The Loonie (USD/CAD) appears to be respecting a bullish channel that has formed since the pair hit an almost 2 year low on September 14 of this year at 0.9632.
Follow up on the CAD/CHF pair with this Forex signal using the Elliot Waves method. Learn the recommendation here.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
USD/CHF hit an expanded triangle below the resistance level. Get the full view on this pair here.
Check out this EUR/USD Signal as a potential trade today brought to you by Fadi at Dailyforex.com.
Keep the CAD/CHF pair in your watch list today with this Forex signal trade opportunity and stay tuned for where this pair is headed.
The EUR/USD pair had a relatively quiet session on Monday, as traders came back to more liquid markets after the US Thanksgiving holiday the previous week. The market fell somewhat, but found enough support at the 1.2950 level that it now looks like the Euro is very comfortable 1.30 on the whole.
XAU/USD (gold vs. the American dollar) looks like it is getting tight again, and as such it will be difficult to trade in the near term.
The USD/CAD pair initially rose during the session on Monday as traders came back from the extended weekend. However, we failed to hang onto gains over the course of the session, and as such formed a shooting star.
The AUD/USD pair initially fell on Monday, but did bounce in order to form a hammer at the top of a very significant move from Friday. Look in this pair, it is becoming very obvious that there is quite a bit of bullish pressure underneath, and as such I am much more comfortable buying now than I would have been just a few short days ago.
Like its yellow cousin Gold(XAU/USD), Silver(XAG/USD) has been edging higher for the last 3 weeks after falling from a 10 month high in September of 35.38 to a 3 month low of 30.62 earlier this month.
FXE is an exchange traded fund that mimics the price of the Euro. Get the full signal at DailyForex.com.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
The EUR/USD pair continued to show strength as the Friday session solid rise above the 1.29 level significantly. We are now approaching the 1.30 level, and we've already proven that the 1.3150 level is the true resistance area that buyers will have to be aware of.
