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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Today, we are just a bit above the level we were at yesterday. We are also back within the Bollinger Bands and sitting above the lower band that I believe could give price a slight lift.
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The AUD/USD is maintaining bearish. It has pierced the weekly 55 and the weekly lower Bollinger Band is wide open giving price permission to head out. The Stochastics is in the Trade zone but making a bearish cross in the center of the trade zone.
No ifs, ands or buts about it, the EUR/JPY maintains its heavy bearish appearance. I would not consider any longs with this pair. It may retrace a bit to connect with the daily 5 ema but I would just sit back and wait for that to happen. More than likely, price will stay put for a bot and just pull the 5 ema down to it.
Today we find ourselves with a bearish EUR/GBP. On the weekly chart the 13 is crossing below the 21 ema and the 5 is prepping to cross below the 55 ema. Lower Bollinger Band is open and pointing downward.
The GBP/USD continues to be bearish for the last several weeks and I don't see any reason for any of this to change.
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At this moment EUR/USD price is centered on the weekly 233 ema and on the very edge of the lower Bollinger Band. This can be either Bearish or Bullish.
While the news from the RBA wasn't great in the short term, it does look positive for the longer term and growth of the economy is looking good for the coming year.
The USD/CAD pair has been stuck in a range between the 0.98 handle and the parity level for several weeks now, and at the start of the week, it appears this trend will continue. Although the overall trend is down on the weekly and monthly charts, the pair simply cannot find any selling strength other than to hit the bottom of this range.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair gapped lower during Asian Monday morning trading as the EU officials didn’t come to any type of conclusion for the ongoing Greek crisis.
The EUR/GBP appears to be caught up in a fib war. On the monthly chart it has fallen from the 61.8 fib from its recent swing down, but on the weekly it has bounced off the 50.0 fib of its recent move up.
The EUR/JPY continues to look bearish. Looking at the monthly chart price is riding the 5 ema after a recent fib from the break of the illustrated trend line.