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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According to the analysis of the USD/JPY and USD/CAD trader profited on a binary options platform.
Buy the rumor; sell the news. This age-old mantra has been a mainstay of traders using momentum strategies and more recently adapted as a “headline-screening” algorithm truism. Yesterday’s price action in EURUSD was no different. Get the analysis here.
See where the gold pair is headed with this Forex signal, brought to you by the experts at DailyForex.com
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This time we would like to examine the South African Rand for a directional trade idea. In recent months we see developments, both economic and political, that lead us to conclude that the ZAR is vulnerable at the moment and that a long USD-ZAR position should be considered.
The WTI markets had a wild session on Monday, as the market went higher in the early hours, only to turn around and fall apart by the end of the day. The market had printed a shooting star on Friday, and as a result it already looked fairly soft from that point.
The XAU/USD continued to climb yesterday and closed the session higher than opening as cloudy Italian elections increased the precious metal’s safe-haven appeal.
The EUR/USD pair had a wild day on Monday, as the Italian elections got underway. It seems that most of the market expected the Italians to vote for further austerity and a pro-Europe agenda.
The USD/CAD pair gained again during the Monday session as the “risk off” trade gained steam again. The oil markets sold off, which almost always leads to a higher print in this market. However, it was the Italian elections that really set the markets off for the day.
The USD/JPY pair had a wild ride on Monday, as the Italian elections rocked the markets globally. Because of the unexpected results, many in the markets were caught on the wrong foot, and the US dollar was bought up and over fist.
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The AUD/CAD printed a Pin Bar Reversal at the resistance level surrounding 1.0550 yesterday. The pair has been trading in a pretty well defined horizontal channel since around March of 2011.
According to the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.
Catch the recommendation for the CAD/CHF pair here and make your moves carefully.
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Sign up to get the latest market updates and free signals directly to your inbox.Using the Elliot Wave method, here is a Forex signal for the USD/CAD pair brought to you by Fadi at DailyForex.com.
Begin your week the right way with a Forex signal from our expert trader, Fadi. Check out where the EUR/USD pair is headed here.
The next five trading days are expected to put the Euro under more pressure especially with election uncertainties in Italy and Cyprus. The slow rate of growth in the Euro area is more bad news for the 17-nation currency as the European Central Bank will be keen to adopt a more dovish policy stance at its forthcoming meeting.