The AUD/JPY has been Bullish since Friday when it hit a 2 week low at 85.16 and with a close today above both the Daily & Weekly Pivot at roughly 86.80 in Monday's trading, we could see a test of the Daily R1 at 87.82 today.
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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See where the US Dollar is heading and how it'll affect your favorite Forex pairs here.
Here is another EUR/JPY free Forex signal from one of our experts using Elliot Waves and Fibonacci Trading methods. Good Luck!
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Based on Christopher Lewis and Bastian Rubben's analysis a traders profited on a binary options platform, watch here.
The US futures are down this morning after a negative closing last week that came in the first time in several weeks. However, the indices reached levels in which the bullish reversal could occur and if they rise above Friday's high, it will support the buyers.
Take a look at where the major currencies like EUR/USD and AUD/USD should be heading this week, and plan your weekly Forex trading smartly.
The EUR/USD pair continues to grind around just below a resistance area as the concerns in the European Union are fading into the background of the collective mindset of traders. Get the full analysis here.
One of the choppiest pairs in the Forex markets lately has been the USD/CAD pair. The main reason is probably the drama that we have seen in the Middle East lately, and especially with the Iranians. See where this pair is headed.
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The AUD/USD pair has been beaten up over the course of the last few weeks, as the fears of a Chinese slowdown rocked the risk appetite around the various Forex, futures, and stock markets. The “slowdown” would be from a growth rate of 12% to “only” 7%, which of course would be phenomenal if we were talking about anywhere else in the world.
This EUR/USD signal is based on Fibonacci and Elliott Wave theory - find your profits now!
The USD/CAD daily chart printed a perfect 'Pin Bar' or 'Shooting Star' formation after Friday's trading action. This strong reversal pattern printed by closing below both the Daily Pivot level at 0.9990 and the Daily Moving Average of 0.9991 after testing the waters as high as 1.0336.
EUR/USD fell for most of the session on Thursday as the fears of a Chinese slowdown continue to circulate around the various financial markets globally.
The NZD/USD pair has been a tough one to trade lately. The market has been pushed around between the “risk on, risk off” theories. The commodity markets have been reacting to various headlines coming out of China, Europe, and elsewhere.