The EUR/JPY daily chart has printed a double top with a lower high than September and a very bearish candle at the end of the day yesterday. The full analysis is here.
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.
Most Recent
One DailyForex expert trader is neutral on EUR/USD right now - find out why here.
GBP/USD had a surprising fall in yesterday's trading session - but what does this mean for today's trading?
Top Forex Brokers
USD/CAD seems to be settling into a downward spiral - see why our expert trader recommends selling.
Start your week with the Forex forecast of the major pairs, make your moves carefully, and good luck!
EUR/USD: One more wave is expected to take off as of wave v reaching around 1.3100 theoretically. However, lets wait for Eurozone Finance Minster summit for Greece funding and Spain bailout cues before we plan our next move.
Gold (XAU/USD) spent another week above 1750.00 but has basically traded sideways since breaking above 1750 on September 13.
The EUR/USD pair had an interesting session on Friday as the nonfarm payroll numbers came out. As you can see on the chart, there is an uptrend line that this market has been following.
EUR/JPY rose during the session on Friday as the Euro continues to gain against most currencies. This pair is particularly interesting to me as the Bank of Japan is actively working against the value of the Yen in various ways.
Bonuses & Promotions
The NZD/USD pair fell on Friday after initially surging higher. This was in reaction to a sudden "risk off" attitude of currency markets.
The GBP/USD pair rose during the session on Thursday as the British pound continues its showing of strength against the US dollar.
USD/JPY rose during the session on Thursday as the market continues to grind around in this consolidation area. Get the full analysis here.
The EUR/USD pair continues to grind higher, as the Thursday session ended up seeing the pair close above the 1.30 level again.
The GBP/USD pair fell during the Wednesday session as the pair looks set to pullback finally. We have seen a nice strong rally over the last several months, and the breaking out above the 1.58 level signifies that an ascending triangle had finally been triggered.
The AUD/USD pair fell during most of the session on Wednesday as the commodity markets took an absolute shellacking during the session.