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 USD/JPY pair has been a favorite of mine lately, and it is starting to act like the pair of old, when it was one of the best markets to trade. Many of you may not have been trading Forex a few years ago, but it used to be a simple matter of buying this pair every time it dipped.
Since the EUR/JPY is not associated directly with the USD, it is one of the few pairs that did not move dramatically after the FOMC minutes were released in the USA. As such, it has retraced at a less dramatic rate, and done so in a the manner that was actually expected.
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EUR/USD signal update based on Elliott Waves and Fibonacci principles. Helpful even if you missed the morning Forex signal.
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Strong opening for the second quarter in the US stock markets yesterday, as indices rose 1%, NASDAQ created a break-up pattern and S&P has already crossed above the annual picks.
Start the week right with this free Forex EUR/USD signal from one of our expert traders.
The EUR/USD pair recently broke out of a resistance area that had been very difficult on the bulls. However, the pair hasn’t exactly caught on fire since then. The 1.3250 to 1.33 level was the resistance area that was so frustrating to the bulls, and now it looks as if it is going to be supportive.
USD/JPY has been one of my favorite pairs to trade lately. While the rest of the world has been sweating every micro movement in the EUR/USD pair, this one has been quite robust and certainly has had a trend. The USD/JPY simply put, has been on fire overall.
The AUD/USD pair has been falling over the last several weeks and with alarming steadiness for those of us that have been bullish. The pair has a natural tendency to mimic the overall “risk appetite” around the world, and is the first pair that many traders turn to in order to express either a bullish or bearish view on the global economic outlook.
The Japanese Yen gained against the USA's Greenback today, and just about every other major currency across the board. The USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY & CHF/JPY all showed similar chart patterns on the daily time frame with the EUR/JPY and USD/JPY charts showing the strongest bearish candles.
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Where are the GBP/USD and EUR/USD headed today? This analysis by DailyForex.com explains it all!
Take a look at where the major currencies like EUR/USD and AUD/USD should be heading this week, and plan your weekly Forex trading smartly.
The EUR/USD has recent broke above the 1.3250 to 1.33 resistance level that kept the pair down most of the year, with the exception of a few short sessions in February. The pair is of course the center of the Forex world, as it is the most traded financial instrument on the planet.
