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 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.
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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.
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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.
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The Russian Ruble is one of my favorite petro-based currencies to trade. The USD/RUB pair is highly sensitive to both oil and risk attitude. The oil markets will of course weigh heavily on this pair as Russia is such a large producer of it, and the “emerging markets” aspect allows for it to be a “risk on, risk off” pair as well.
The GBP/USD has completed a picture perfect 38.2% retracement with last weeks pullback off the highest level seen in almost 2 years. After hitting 1.63007 on April 30th, the pair fell for the next week to 1.6113, which is the Monthly Pivot as well as the 38.2% retracement level for the move up that started on April 16th of this year.
Enjoy this EUR/USD Forex signal from one of our expert traders and see where this pair is headed.
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The bearish atmosphere took over Wall Street last week on the background of disappointing Non-farm payroll change.
EUR/USD had a rough end of the week on Friday. The US Non-Farm Payroll report came out at positive 115,000 jobs added in April and this pair originally rose as a result. After all, currencies are measures in a relative sense, and if the US is struggling then the market thought that the Europeans would be “not as bad”.