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 fell during the session on Thursday as the 1.30 level couldn't hold the market up. This having said this, we are far from being able to call the Euro rally dead, as we are still certainly at lofty levels.
The NZD/USD pair had a fairly quiet session on Wednesday as most markets consolidated. The New Zealand dollar is a proxy for the commodity markets as far as Forex traders are concerned, and as such it isn't surprising that the day saw very little action.
The EUR/USD pair fell for most of the session on Monday, but did bounce from the 1.30 level in order to form a hammer like candle. This suggests to me that perhaps we still have some bullish momentum going forward.
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The USD/CAD pair was very quiet during the session on Wednesday, which is rather surprising considering the oil markets fell precipitously.
The Kiwi (NZD/USD) surged higher after slightly better than expected numbers from the Q/Q GDP numbers were released during the early hours of Asian Trading but has pulled back to 0.82700 once again a little more than half way through the Asian Trading day.
The USD/CAD pair did very little during the session on Tuesday as we flirted with the 0.98 handle. This area is very interesting to me as it is the bottom of a massive consolidation area that extended all the way to the 1.04 level.
The EUR/GBP pair fell during the session on Tuesday as the Euro fell in general. This particular pair has been more interesting to me than the EUR/USD pair because of the fact that the difference in the currencies is far starker than the other market.
The EUR/USD pair fell during the Tuesday session as the Euro pared some of the gains overall. The recent move has been absolutely parabolic, so this of course wouldn't be much of surprise to many out there.
The EUR/JPY has already broken Monday's high after the BOJ eased its monetary policy and doubled asset purchases in today's press conference.
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The EUR/USD pair formed a shooting star on Monday as the pair could not really take advantage of a break above the 1.31 level. The pair has been absolutely parabolic recently, and it would make sense to see a pullback.
The AUD/USD pair fell on Monday, and closed below the 1.05 level. This is very interesting, as the "risk on" rally was in full effect last week. This of course was due to the Federal Reserve announcing seemingly unlimited quantitative easing.
The GBP/USD pair rose during the session on Monday, but pullback and the 1.6250 level in order to form a shooting star. This of course is a bearish signal, and could potentially signal a downfall to come.
The US Greenback has posted some gains against some of its counterparts since the markets opened on Sunday, showing strength against pairs such as the Kiwi, Loonie & of course, Gold (XAU/USD).
Check out this EUR/USD signal using the Fibonacci retracement and the support and resistance method. The Euro is trending upward. Make your moves fast.
The USD/JPY is a pair trapped by its own price action. 2012 has seen the pair trading for the most part, in roughly an 800 pip zone between the January 29 low at 76.016 and the March high of 84.170.