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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USD/CHF has been bouncing around the current levels for quite a few sessions lately, and the level does in fact look strong. With this in mind, the pair hasn’t exactly been overly exciting, but this is the case with all Franc-related pairs as the Swiss National Bank has been actively working against the ascendency of the Franc.
USD/JPY has been a pair that until recently would have put you to sleep trading. The pair has seen a fairly narrow range of trading as traders and the Bank of Japan were in a virtual standoff.
The NZD/USD or Kiwi as most traders know it is retesting the support level at 0.8350 in the hour leading up to the London open. The pair has been trading in a roughly 180 pip range since the beginning of February, and up until now has been mostly been hitting 0.8350 as resistance.
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EUR/USD continues to irritate a lot of traders. The Friday session was a perfect example of why. The initial move for the session was higher, but the nerves about the European Union issues came back, and as a result we saw the pair fall back down to form a shooting star.
AUD/USD has been going sideways for about two weeks now, and although the world’s stock markets are doing reasonably well, the pair has found traction a difficult thing to accomplish.
NZD/USD moved sideways on Friday as the pair continues to hover around the 0.8250 area. The pair is very sensitive to risk as well as the commodity trade as New Zealand is a net exporter of agricultural commodities hand over fist.
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The EUR/USD is falling slightly in the hours leading up to the London open, having run into that pesky resistance at 1.3230 again. Last week the pair produced a weekly hammer candle closing just shy of the resistance zone, and possibly indicating higher prices to come soon.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair continues to trade on the latest rumor and headline that comes out. The Thursday session proved to be no different as the rumors of the European Central Bank swapping out short term Greek debt for long term Greek debt come out on the various wires.
USD/CAD continued to hover around the parity level on Thursday, and the market saw a decent reversal for the session. The pair is often moved by a couple of factors such as risk appetite and oil markets, and will find itself being influenced by a myriad of factors at the same time quite often.
The USD/CHF market is one that is presently going through a metamorphosis. The pair has traditionally been one that saw the market fall as risk aversion increased. It used to be that the Swiss Franc was a currency that everyone wanted to own in tough times.