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 EUR/USD pair had another negative session on Friday as the risk appetite around the world continues to fall. Now that we've broken below the 1.28 level, I am more bearish of this pair than ever.
The GBP/USD fell rapidly during the Friday session after trying to break through the 1.60 level. With that being said, it appears that the former support area is starting give way, and we have made a lower low by the end of the session which suggests much lower prices coming.
The USD/JPY pair fell for the session on Friday as the “risk off” trade came into play. The markets aren’t free though, and as a result this is a market that needs to be played by very specific rules.
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The GBP/USD, also known as the Sterling or Cable, finally broke a technical and psychological support level of 1.5900 on Friday. 1.5900 is seen by some as a key level for the pair but doesn't mean the bears have won the war just yet, only just on battle.
Check out today's recommendation for the NZD/JPY pair with this Forex signal using the Ichimoku Technical Analysis method. Good Luck.
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Some of the major pairs had a rough week. See what may be in store for them ahead and plan your moves before the trading week begins.
Before you sign off for the weekend check out this free Forex signal for the AUD/JPY pair.
The EUR/USD pair fell again on Thursday as the Euro continues to suffer at the hands of a weak economy, and a massive debt problem. The area was rocked by the announcement by ECB Chairman Draghi that it looks as if Germany is heading towards a recession.
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The GBP/USD pair fell during most of the session on Thursday in order to break through the bottom of the shooting star for the Wednesday session. The 100 day exponential moving average is sitting just below, and it looks as if the pair is struggling with direction at the moment.
The USD/JPY pair fell for the entirety of the session with only a slight bounce off of the 79.25 level. Currently, this pair is being held up by the Bank of Japan as most of you know, and will only suffer minor setbacks.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
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Check out this GBP/USD FX signal based on Ichimoku principles and find your target and stop loss now.
EUR/USD fell during the session on Wednesday after initially rising above the 1.28 handle. Your insights to EUR/USD are here.