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.
The GBP/USD has been trading in a range of about 350 +/- pips since early July and now appears to be getting ready to test the lower end of this range once again, with yesterday's candle being strongly Bearish and initiating a Bearish cross of the 5 & 13 EMA's.
USD/JPY fell during the session on Monday as the risk appetite was destroyed most of the day. However, in the later hours the Americans turned around and bid up risk assets in general. This of course means selling off the Yen, and it should be noted that the 78 handle acted as support as well.
NZD/USD had a very tough day during the session on Monday, which at one point in time actually looked like it was going to turn around.
The EUR/USD pair had a pretty rough session during the Monday trading day as the markets reacted to news of several Spanish territories needing a bailout in the near future. The market action was absolutely horrible most of the session, but as usual the Americans stepped in to save the day and kill off the Dollar.
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According to the analysis of the EUR/USD and EUR/JPY trader profited on a binary options platform.
Last week was quite an interesting week in the Forex world. See what's in store for this coming week for the major currency pairs. EUR/USD and more.
The Japanese Yen continues to strengthen against the American Greenback and is testing the support level at 78.00 for the second time in as many months.
GBP/AUD is a pair I brought to your attention the other day, as I saw serious potential for a significant reaction in one direction or the other. Remember, I had mentioned that we were approaching the 1.50 level, and it would certainly cause a reaction psychologically in the market in one direction or the other.
EUR/JPY fell rather hard during the Friday session as the Euro suffered against most currencies around the world. With the situation worsening in the Spain, and the bond markets looking weaker and weaker in the periphery, the Euro should continue to be sold on the whole.
EUR/USD had a very bearish Friday, as the Spanish state of Valencia finally admitted that it needs a bailout from the Spanish federal government.
NZD/USD rose during the session on Thursday as the commodity trade grew in favor. Obviously, as the Kiwi dollar is so highly correlated to commodity markets this makes sense that the Kiwi cut a bid for the session.
The USD/CAD pair managed to break below support during the Thursday session, and this bodes well for Canadian dollar bulls, at least for the meantime.
EUR/USD had a choppy day during the Thursday session as the market is starting to look like it's trying to find some type of support to bounce back from oversold conditions.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
