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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EUR/USD had a bullish session on Thursday as the ECB has now suggested it will buy unlimited amounts of bonds from troubled members. However, the pair didn’t exactly take off like so many others did.
The AUD/USD pair shot straight up during the Thursday session as the ECB stated it would buy "unlimited" amount of bonds from troubled nations in that region. This got the "risk on" trade back into play, and that almost always benefits the Australian dollar.
The USD/JPY pair skyrocketed during the session on Thursday as the ADP employment numbers came out much stronger than expected. A lot of traders will use this as a forward-looking indicator as to what the Non-Farm Payroll numbers will be.
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The EUR/USD pair rose during the session after initially falling in bouncing off of the 1.25 handle on Wednesday. However, we have an important ECB meeting and speech coming up later today which will have a major effect on this currency pair, so I only read so much into this action.
NZD/USD fell during much of the session on Wednesday as the "risk off trade" continued. However, by the end of the session we saw the pair bounced in order to form a hammer.
USD/CAD hasn't exactly been the most exciting pair to trade lately. This is because the pair has been very sideways, which it does tend to do quite often. However, there are sudden bursts in this pair wants to decide which way it wants to go, and I think that we are perhaps witnessing the windup for that move.
According to the analysis of the GBP/USD and AUD/USD trader profited on a binary options platform.
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The Swissy is heading downward, see what's in store for this pair with this Forex signal from one of our expert traders.
The 'swissy' has once again found support just north of 0.9500 with yesterday's daily low at 0.9508. The pair went on to close much higher at 0.9582, once again bouncing from the 0.9500 level as it has done several times during June as well as twice in the last 3 trading days, with yesterday making it 3 for 3.
The EUR/USD pair has been grinding higher over the summer as the volumes have dwindled. Now that we are starting to get many of the larger trading firms back online with full volumes, we have seen a bit of a letdown in the bullishness of the Euro.
The AUD/USD pair attempted to rally during the session on Tuesday, but again showed weakness as it approached the 1.03 level. The fact that we formed a shooting star at the bottom of such a massively bearish move concerned me for the health of the Australian dollar going forward.
The GBP/USD or “cable” pair had an interesting session on Tuesday, as it both rallied and then failed. The pair trying to get over the 1.59 level again, but failed and fell in order to form a shooting star.