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 continues to consolidate below 1.5450 with all of the price action taking place below this level as a result (likely) of the Bank Holiday's in the UK. Price action has printed 2 pin bar reversal patterns with the wicks testing the Weekly Support level at 1.5350 several times and failing to hold below.
According to the analysis of the EUR/USD and AUD/USD trader profited on a binary options platform.
The EUR/USD pair seems to have gotten the rumor bug again. This time, there is a lot of chatter about a possible European banking bailout system coming. The LTRO was the first incarnation of this and by most accounts wasn’t very successful.
The Aussie staged a fairly impressive comeback on Friday after the disappointing Non-Farm Payroll number out of America. It originally sold off, buy by the end of the session we saw many traders openly betting on further quantitative easing out of the Federal Reserve as the economic situation in the States seems to be slowing down.
One of my favorite risk related pairs is the AUD/CHF pair. This is because we have to currencies that are complete polar opposites in this market. The Aussie is well known for its relationship to risk assets such as gold, copper, and many other hard commodities.
According to the analysis of the USD/CAD and AUDUSD trader profited on a binary options platform.
In order to protect your profits get the urgent and recent updates for the EUR/USD, AUD/USD, USD/CHF, and USD/TRY Signals that were posted earlier today!
Is the Aussie Dollar against the US Dollar trending up or down? This signal has all the answers for this pair.
Like trading the Swissy? Check out this free Forex signal from one of our traders at DailyForex.com
This pair may not be so common, but this trader brings you a free Forex signal for the US Dollar and the Turkish Lira.
See what this trader recommends for the Euro and US Dollar using the Ichimoku trading method.
EUR/USD continues to be schizophrenic in its behavior. The Non-Farm Payroll number came out on Friday, and suddenly we have a complete rethink of the entire situation in this pair. What was once a straight forward analysis of “Europe bad, USA good” has suddenly become a question of whether or not the entire globe is slowing down.
AUD/JPY is a pair that a lot of traders shy away from. This is because of the fact that it can move in massive swings, and being on the wrong side of the market can be very difficult for the newer trader to stomach.
The USD/CAD pair is a proxy for most people to play the oil markets. The Light Sweet Crude markets have absolutely crumbled, and as a result the Canadian dollar has suddenly found itself out of favor.
With the less than stellar numbers from the USA's Non Farm Payroll report as well as lower spending numbers from the ISM Manufacturing PMI, the USD is showing some signs of slowing its advances against other major and minor currencies alike.
