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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The AUD/USD pair is without a doubt one of the favorites for the trading community to express a bullish view on global growth, with an emphasis on Asia. The Chinese economy can have an effect on the value of the Aussie dollar, as the Australians export so much to that country.
The EUR/USD pair continues to fall as the Thursday session was just another fall in value for the common currency.
EUR/CHF is probably one of the most boring, yet talked about markets in the Forex world at the moment.
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The USD/JPY pair has been grinding sideways for some time now. The last couple of weeks have been a back and forth move.
Check out this signal based on Elliott Waves and Fibonacci trading from one of our expert traders.
Based on Colin Jessup and Christopher Lewis's analysis a traders profited on a binary options platform, see here.
The US stock markets closed the trading day with sharp declines of more than 1%. The "excuse" for the declines was the mixed economic data, but the true reason is that the stocks are overbought and even if the markets continue rising, we will see more and more bearish days along the way, until the stocks surrender and start a significant correction of a least 5%.
The EUR/USD pair has been beaten up pretty severely over the last few sessions, and it appears the bears are finally starting to reassert control in a pair that seems to be somewhat impervious to gravity at times. The problems in Europe seem to have been put to the back burner lately, but it is obvious this is no longer true.
The cable pair has been absolutely whacked since the 1.60 level turned around the buyers. The Federal Reserve released minutes that made no real suggestion of quantitative easing going forward, and the Dollar gained against most other currencies as a result. This pair was of course no different.
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USD/CAD is a tricky pair at times. I think this is because by nature, most traders like momentum, and this pair typically grinds. The two economies are far too interconnected to think that there can be a one way run for long, although over time the pair has fallen.
The Australian dollar has, not surprisingly, paused at a strong historical support zone of 1.0276. This has been an important level since December 2010 with the currency pair finding both support and resistance at this level numerous times in the past 2 years.
How are the pairs doing so far this week? This mid-week summary gives you all the details for your favorite major currencies and see where they may be headed.
Today, based on Christopher Lewis's analysis a trader profited on a binary options platform.
The stock markets slid yesterday after the release of the FOMC meeting minuets, in which the FED was not sure whether QE3 would be efficient.
The EUR/USD pair has been stubbornly grinding its way north over the last several weeks, confounding the bears as the European Union truly does have many issues that need to be addressed