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.
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The EUR/USD pair had a back and forth session on Tuesday, after plunging so violently on Monday. The fact that we held above the 1.30 handle was indeed bullish in and of itself, and as a result there will be a bit of hope out there for the Euro.
The AUD/USD pair fell during the session on Tuesday as the "risk off" trade came back into play. Most of this would've been predicated upon the elections in Italy, and have very little to do with Australia itself.
The USD/CAD pair tried to rally during the Tuesday session, but as you can see by the charts we had serious trouble getting above the 1.03 handle. The pushback by the sellers caused the market to form a shooting star, which of course is one of the most bearish candlesticks that you can see.
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The NZD/USD has closed, and quite strongly I might add, below the lower band of an ascending channel that the pair has been trading in for the past 6 months.
According to the analysis of the USD/JPY and USD/CAD trader profited on a binary options platform.
Buy the rumor; sell the news. This age-old mantra has been a mainstay of traders using momentum strategies and more recently adapted as a “headline-screening” algorithm truism. Yesterday’s price action in EURUSD was no different. Get the analysis here.
See where the gold pair is headed with this Forex signal, brought to you by the experts at DailyForex.com
This time we would like to examine the South African Rand for a directional trade idea. In recent months we see developments, both economic and political, that lead us to conclude that the ZAR is vulnerable at the moment and that a long USD-ZAR position should be considered.
The WTI markets had a wild session on Monday, as the market went higher in the early hours, only to turn around and fall apart by the end of the day. The market had printed a shooting star on Friday, and as a result it already looked fairly soft from that point.
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The XAU/USD continued to climb yesterday and closed the session higher than opening as cloudy Italian elections increased the precious metal’s safe-haven appeal.
The EUR/USD pair had a wild day on Monday, as the Italian elections got underway. It seems that most of the market expected the Italians to vote for further austerity and a pro-Europe agenda.
The USD/CAD pair gained again during the Monday session as the “risk off” trade gained steam again. The oil markets sold off, which almost always leads to a higher print in this market. However, it was the Italian elections that really set the markets off for the day.
The USD/JPY pair had a wild ride on Monday, as the Italian elections rocked the markets globally. Because of the unexpected results, many in the markets were caught on the wrong foot, and the US dollar was bought up and over fist.
The AUD/CAD printed a Pin Bar Reversal at the resistance level surrounding 1.0550 yesterday. The pair has been trading in a pretty well defined horizontal channel since around March of 2011.
According to the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.