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 AUD/USD pair had a fairly neutral session for the Monday trading day. This pair had recently smashed through a fairly resistive level in the form of the 1.05 handle, and the previous candles form last week that formed shooting stars had me think this pair was going to fall.
The EUR/USD pair fell for most of the session on Monday, essentially as a reaction to the explosive move on Friday. Certainly, with all of the controversy surrounding the European Union, the massive move in the Euro would have been thought to have been a little overdone.
According to the analysis of the AUD/USD and EUR/JPY trader profited on a binary options platform.
Last week showed some good moves for a few pairs, and not such great moves for others. Included was the ECB meeting and nonfarm payroll. See what's in store for the majors this week and plan your trading accordingly.
For the second week in a row the USD/JPY Weekly chart printed a hammer style candle with long tails testing the waters below 78.50 but failing to close below the open and resulting in slightly bullish candles for each week.
EUR/JPY had a strong and impressive rally during the Friday session as the US jobs figures came out much stronger than expected, showing an addition of 165,000 jobs during the month of July.
AUD/USD had a stellar session on Friday as the jobs number got the "risk on" party started. Truth be known, the European markets actually look relatively healthy for the session ahead of that important economic announcement anyway.
EUR/USD had a stellar session during the Friday trading day as nonfarm payroll numbers came out much better than expected. This led to a "risk on rally" that as usual had the Euro going higher.
Get the signal follow up from Friday's EUR/USD Signal. See how the pair did and what is recommended next.
The Euro had a rough week. See our signals expert's recommendation for the the EUR/USD pair.
Our Signals expert is recommending to buy the USD/JPY pair. Get the details here.
Before you log off for the weekend see our expert Signals trader's recommendation for the AUD/USD pair.
USD/CAD rose during the session as the markets reacted poorly to the lack of action brought forth by the ECB for the session on Thursday. After last week's proclamation of "doing whatever it takes" to protect the Euro, Mr. Draghi disappointed the markets by bringing almost nothing to the news conference.
AUD/USD initially spiked during the session on Thursday in anticipation of some new program out of the ECB that should have amount to the printing of money. However, the announcement gave very little in terms of substance, and as such the hot money players simply bailed on the "risk on trade."
GBP/USD looks absolutely horrible at this point. Granted, we're still within the consolidation range of the end of the Thursday session, but the action for the day was very poor indeed.
