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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Catch up on where the major Forex pairs have been headed with this mid week Forex summary.
According to the analysis of the USD/CAD and USD/CHF trader profited on a binary options platform.
The EUR/USD pair has been sold off rather ruthlessly over the last several weeks. The pair has been the center of the concerns over the last several weeks, and with all of the drama in Europe is isn’t much of a surprise.
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The USD/CHF pair has been fairly quiet over the last couple of sessions as the markets are looking for clues as to the next move by a couple of central banks. The Federal Reserve is expected to possibly ease further, and this has weighed upon the value of the US dollar over the last couple of sessions.
The USD/CAD pair has had a rather bullish tone for some time now, as the oil markets continued to deteriorate. However, this pair saw a shooting star on the close for Tuesday, and this suggests that we are going to see a bit of a sell off at this point.
The GBP/USD continues to consolidate below 1.5450 with all of the price action taking place below this level as a result (likely) of the Bank Holiday's in the UK. Price action has printed 2 pin bar reversal patterns with the wicks testing the Weekly Support level at 1.5350 several times and failing to hold below.
According to the analysis of the EUR/USD and AUD/USD trader profited on a binary options platform.
The EUR/USD pair seems to have gotten the rumor bug again. This time, there is a lot of chatter about a possible European banking bailout system coming. The LTRO was the first incarnation of this and by most accounts wasn’t very successful.
The Aussie staged a fairly impressive comeback on Friday after the disappointing Non-Farm Payroll number out of America. It originally sold off, buy by the end of the session we saw many traders openly betting on further quantitative easing out of the Federal Reserve as the economic situation in the States seems to be slowing down.
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One of my favorite risk related pairs is the AUD/CHF pair. This is because we have to currencies that are complete polar opposites in this market. The Aussie is well known for its relationship to risk assets such as gold, copper, and many other hard commodities.
According to the analysis of the USD/CAD and AUDUSD trader profited on a binary options platform.
In order to protect your profits get the urgent and recent updates for the EUR/USD, AUD/USD, USD/CHF, and USD/TRY Signals that were posted earlier today!
Is the Aussie Dollar against the US Dollar trending up or down? This signal has all the answers for this pair.
Like trading the Swissy? Check out this free Forex signal from one of our traders at DailyForex.com
This pair may not be so common, but this trader brings you a free Forex signal for the US Dollar and the Turkish Lira.