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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Using the Ichimoku method, DailyForex brings you a free Forex signal for the CHF/JPY pair.
GBP/NZD is a currency pair that many traders overlook, which is too bad as both currencies are majors. The spreads on this particular pair aren't bad - typically around seven pips and the moves can be very deliberate and straightforward.
AUD/USD had a fairly quiet session on Monday as traders came back from what has been a relatively calm weekend. With this in mind, the fact that the nonfarm payroll Friday is coming up and the Independence Day holiday in America is on Wednesday, it's not a huge surprise the markets were quiet.
EUR/USD found itself on the back foot Monday as the euphoria waned yet again. The reality has been that every time the Europeans come up with some type of solution, the markets get excited for a few moments, and then probably selloff yet again. It looks that it may be happening again, although it is a bit premature to declare this obviously.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
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The US Dollar took a tumble last week due to slightly lower than expected economic numbers, as well as investors rushing back to the EURO after the now well known news from the EU Summit meetings. As a result, most currencies across the globe increased in value mirroring the decline in the USD.
The CHF/JPY pair is one that many people don't trade. I believe this becomes a self-fulfilling prophecy as both of these currencies were once considered safe havens. The truth is that the pair is quite a bit different than it used to be, mainly because of the Swiss National Bank and its fight against the appreciation of the Franc.
The Canadian dollar saw a massive surge in value during the Friday session as the "risk on" trade came into play. This was especially obvious in the oil markets, which saw the light sweet crude markets gain 9% during the session.
The Euro had an absolutely wild session on Friday in reaction to some fairly vague announcements out of the European Union summit. There seems to be a plan in place to capitalize Spanish banks directly, as opposed to going through the sovereigns which had been part of the headaches previously.
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CAD/JPY fell during the session on Thursday as the oil markets gave way. As many of you know, the Canadian dollar is driven mainly by the crude oil markets, but many of you won't know that the Japanese import 100% of their oil.