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 USD/CAD pair broke higher during the course of the session on Friday, and got as high as the 1.27 region.
The EUR/JPY pair fell hard during the session on Friday, testing the 127 region. This begins to offer the possibility of the market going even lower, and the fact that we close towards the very bottom of the range of course suggests that the sellers are in fact in complete control.
You would not be blamed if you never really thought about the USD/TWD pair. In fact, the Taiwan dollar is a fairly obscure currency. However, when you see a trade that looks this perfect as far as the setup is concerned, you have to be willing to take it.
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The GBP/AUD pair fell again during the session on Friday, approaching what I see as a fairly significant trend line.
The market started the week on the back foot but found support around the $1193 area as buyers stepped in and ended Friday's session up 1.15%, or $13.53, to settle at $1207.71 an ounce.
Get the Forex forecast for the week of April 13, 2015 here.
Get the Forex forecast for some of the major currency pairs for the week of April 12, 2015 here.
The EUR/USD pair fell hard on Thursday, slicing through the 1.07 level.
Gold prices fell $7.97 an ounce yesterday, down for the fourth straight session to $1194.62, as expectations the Federal Reserve would begin to increase interest rates in June continued to weigh on the market.
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Gold declined for a third session in a row on Wednesday as the dollar gained some strength across the board after the minutes from the Federal Open Market Committee’s March 17-18 meeting suggested the U.S. central bank may not begin increasing interest rates by the middle of the year.
Get the USD/JPY Forex signal for April 9, 2015 here.
Get the USD/CAD Forex signal for April 9, 2015 here.
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Get the AUD/USD Forex signal for April, 9 2015 here.
The EUR/USD pair initially rallied during the session on Wednesday, but struggled at the 1.09 handle. With this, we ended up falling and forming a shooting star like candle, slamming into the 1.08 level, and even below there.