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 US Dollar-Swiss Franc has reached yet another milestone in its downtrend, which seems like it's never-ending.
Since the JPY has been a funding source for a carry trade, some currencies suffered as the Yen gained.
Gold seems trying to get another bullish momentum as the strong support at 1412.35 held
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In spite of the ever-deepening sovereign debt crisis in Europe, the common currency has been strengthening in recent weeks.
The Australian Dollar has been in the news a lot lately. It is still very strong against most currencies, even though it pulled back from the highs.
The ever-popular "beast", the GBP-JPY, has staged a very impressive rally so far this year. It advanced from 125.40 to the recent high of 135.50.
Recently, the New Zealand Dollar-Swiss Franc cross has, very quietly, sprang back to life. Following the epic sell off in 2008, it rebounded sharply the next year.
Like most others Japanese Yen pairs, the EUR-JPY has been somewhat of a sleeper lately. That is, of course, when compared to previous volatility in this instrument. Since the summer of last year, the price has been moving sideways, with most of the movement linked to activity in the Euro, rather than the Yen.
One of the least active currency pairs of the recent months has been the USD-JPY.
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One of the strongest and the longest lasting trends in currencies during the past few years was has been in the British Pound-Australian Dollar.
The New Zealand Dollar has been under a serious pressure lately. First, the devastating earthquake in Christchurch dimmed the country economic prospects, which was immediately reflected in its currency.
On Tuesday, the GBP-USD tested the resistance of 1.6300, set by a prior important high. One could say, the cable failed this test – it poked above the resistance, but retraced quickly and closed the day at 1.6265.
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