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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EUR/JPY pair starts off sitting on the 5 ema on the daily chart. The 5 ema is ahead of the rest to the upside and the 13 is beginning to cross above the 55 ema all bullish indications from a daily perspective.
It looks like our GBP/USD weekly support zone of 1.5950 is holding. Prices have been fluttering around this zone for a week now with at least 7 attempts on a daily chart to push lower.
One of the most heavily influenced currency pairs by the Non-Farm Payroll announcement is the USD/JPY. The pair is a well-known “risk sensitive” market, and will often be the focal point of traders – especially if the reports are good.
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We start out today on the daily chart with price up against the 50.0 fib level and the lower Bollinger band sharply pointing up.
On the USD/CHF daily chart for the Swissy price is currently being crunched between the 5 and 21 ema's with the 233 and a trend line just above.
Starting my analysis today on the daily chart. Yesterday, as expected price met up with the 5 ema, reacted and dropped down just a bit.
I will start with the daily chart for this pair today. Price fibbed the other day and overlapped with the 233 ema and has been dropping since.
On the daily chart for this pair it is very obvious price has bounced off the 61.8 fib level a few days ago and the 5 ema.
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The Loonie took a bit of a breather today after its bullish movement (over 330 pips in 4 days) off of the support zone at 0.9906 a few days ago.
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I start my analysis for this pair looking at the daily chart. It appears quite bullish. The 21 ema seems to be in control of price and yesterday price made a fib overlapped with the 21 ema and bounced up.
On to the hourly weekly pivot chart I can see that the stochastic is in the trade zone pointing up and the 5 ema is crossing through the 13 ema but once again, on this chart the 55 ema is just above price and the M3 is just a bit above that at 107.68 and this overlap can slow us down.