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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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.
Start your week with the Forex forecast of the major pairs, make your moves carefully, and good luck!
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The EUR/USD pair had another strong showing on Friday as the effects of the Federal Reserve’s QE3 announcement are still being felt in the currency markets as a whole. The Euro was one of the most heavily shorted currencies.
The NZD/USD pair attempted to rally during the session on Friday, but was surprisingly stalled by the sellers just 24 hours after quantitative easing by the Federal Reserve was announced.
The USD/JPY pair has been one of my favorite wants to watch recently. The last 40 hours in particular has been very interesting as we have seen a significant break of support, only to turn around and bounce back over it.
EUR/USD rose during the session on Thursday as the Federal Reserve announced an expansion of monetary easing via the Mortgage Back Securities market.
The USD/JPY pair fell during the session on Thursday is the Federal Reserve continued to expand its monetary easing policies. The larger than expected package rocked the markets and as such the US dollar got pummeled in afternoon trading.
The GBP/USD pair rose during the Thursday session as the Federal Reserve expanded its quantitative easing policy as well as extended it.
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According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
The GBP/USD market rose again during the Wednesday session as the 1.61 level was tested.
The EUR/USD pair continued to gain ground during the Wednesday session in preparation for the Federal Reserve and its announcement later today. There is an expectation of quantitative easing going forward, and as such this will work against the US dollar.
The USD/CAD pair had a positive session on Wednesday as the buyers stepped in to support the pair. However, we are still below the 0.98 handle, and as such I still believe that we have broken a significant support level.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
The USD/CAD pair fell during the session on Tuesday, as the world assumes that the Federal Reserve will go ahead and either extend its length easing, or perhaps even get involved in Quantitative Easing 3.