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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Risk rally is helping to take all of the high yielding beta currencies higher. Aussie is among currencies which is savagely pushing to the upside.
A trio of technicals stands bravely against two mighty news items, both lined up favoring the EUR/USD rising up on the charts today.
Based on the candlesticks and other technical indicators, the NZD/USD could resume its previous downtrend.
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While all of other higher beta currencies have already cleared their respected resistance levels to formulate a proper bottom, GBP/USD is lagging way behind.
Has price action pumped this pair into the upswing of a wave or have technicals taken the EUR/USD to the top of this wave?
Most of the currencies have been lively over the last few weeks. However, the USD/JPY itself remained about the most lifeless of the majors. Seems that this choppy stretch might be ending soon, though.
The tale the technicals would like to tell this day is one of a EUR/USD rising. When time and other factors are added in though,
After the ECB opted to maintain the interest rates at bay of 100 basis points, the EUR/USD continued to put a clinic of how to turnaround from a gut wrenching downtrend.
Unable to turn a blind eye to the bomb forecast to favor the Dollar tomorrow, price action has decided to put the EUR/USD in a upswing so the coming potential downward movement will look like a nice wave on a daily chart
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Following a large sell off last week, the AUD-USD has been gaining ground over last few days.
There is no question that the EUR-JPY is in a downtrend, but just how strong is it?
There is still no heavy news releases today to aid the technicals' machinations to send the EUR/USD pair up.
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Sign up to get the latest market updates and free signals directly to your inbox.The recent daily chart of the GBP/CAD shows a prolonged downtrend. Since early March, though, the trend has flattened, with the price forming a wide trading range.
Many market participants look at the AUD-CAD pair for clues about the general strength, or weakness, of either one of these currencies. The premise is, that if the AUD-CAD is bearish, than all other crosses of the Australian Dollar will follow. The opposite is true in a bullish scenario.
The dive the Dollar took the Euro along for the ride on, is unlikely to end. The bit of witchcraft that I choose today in assessing the USD's assent is the strong trend.