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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The GBP/USD pair fell heavily during the session on Thursday, after printing a shooting star on Wednesday. This suggests further weakness in this currency pair, which is a bit surprising considering how strong it had been recently.
The USD/CAD currency pair had a strong showing on Thursday as the market continues to hover around the 0.98 handle. This area has been fairly congestive lately, and as such I think we will continue to bounce around within the immediate vicinity.
The NZD/USD tested the top of the descending channel it has been trading in since mid September in yesterday's trading, but rejected (at least so far) anything above 0.8230 making a daily high of 0.82297.
According to the analysis of the NZD/USD and USD/CAD trader profited on a binary options platform.
The EUR/USD pair had quiet session on the Wednesday trading day as the 1.3125 area continues offer resistance. This of course was after an extensive rally during the Tuesday session, so a bit of a rest at resistance would have been a huge surprise.
The USD/CAD pair had a very bearish session on Wednesday as the 0.98 handle has been overcome by the sellers yet again. Ultimately, I see the 0.98 handle as the equilibrium for this market. The trend is most decidedly down, so I prefer to sell given half a chance.
The NZD/USD rose during the session on Wednesday as the hammer from Tuesday got triggered as a buy signal. This pair of course follows the overall “risk appetite” of investors, and as all things “risky” got a bid on the session, this pair did well.
According to the analysis of the NZD/USD and GBP/USD trader profited on a binary options platform.
See how the Oil/USD pair is doing with this Forex signal and get the recommendation using the Ichimoku method.
The Canadian Loonie lost some ground against the US Greenback yesterday, climbing some 76 pips to 0.9878 and kissing the 62 Day Moving Average at the same area. The pair has been in a solid downtrend since hitting an 11 month high in June of 1.0446 and a low on September 26 of 0.9683.
The EUR/USD pair rallied during the session on Tuesday, as the "risk on rally continued. There were murmurs of a possible breakthrough in the idea of the Spanish finally asking for a bailout, and if that's the case this should do quite a bit of good for the European Union in general.
The GBP/USD pair rally during the session on Tuesday as the 1.60 level continues to hold as a "floor" in this market. I believe that the Bank of England should continue to push rates higher through its lack of monetary policy expansion.
The NZD/USD pair fell initially during the session on Tuesday in order to retest the 0.81 handle as support. The resulting balance formed a hammer in this currency pair, and we should see continued bullishness as the stock markets around the world do quite well.
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