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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Over last couple of days the EUR/JPY has been trying to find direction. The support or the trendline will be broken soon, indicating the direction of the next move for the EUR/JPY.
Looking at the Aussie, we currently find the pair ranging after a prolonged uptrend. A probability of the AUD/USD pair making a trend after a break of either resistance or support is high.
No forecast variance to hang a limit order or hat onto, just a uptrend that is opposed to what each of the technicals are telling us, when we look into their windows.
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Following a very positive labor report last week, the Australian Dollar enjoyed a strong rally. That stalled on Friday, with the AUD/USD staying in a very tight range, in relation to preceding days.
Lack of great news to guide the EUR/USD on the daily graph, has us turn to the technicals. Bollinger Bands,
Trader sentiment is forecast to favor America's only currency, the Dollar. That will aid in guiding the EUR/USD pair's path down.
The Euro has bounced off its lows, in a broad move, engulfing most of its pairs. This includes the EUR/GBP.
A rapid turnaround in the Canadian economy can be clearly seen by reflected in the price of Loonie. On countless occasions, economists and traders predict that parity is in the making between Canada and its bigger neighbor to the south.
Having explored the benefits of going high and low this week, the EUR/USD is still showing a range-bound aptitude.
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After Reserve Bank of Australia left the interest rates at bay of 4.5%, the Aussie rose abruptly.
Every one of the EUR/USD technical windows is voting for a downward movement today also.
The USD/CAD price behavior creates a strong impression of the USD/CAD forming an extended and, possibly, a long-term bottom.
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During the last month, the Swiss Franc made large advances against most of the other major currencies. No other Franc pair exemplifies it better than the EUR/CHF. Chances are that a sharp correction is about to take place.
The tower formed late last week, was followed by the movers of the market opening this week, by putting the EUR/USD into a downward direction.