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 initially fell during the session on Thursday, but as you can see ended up grinding higher by the end of the day.
The AUD/USD pair broke down after initially trying to rally during the Thursday session. What I found so interesting about this pair is that we are testing the 0.80 handle.
Gold prices hit the highest level since mid-August after the European Central Bank announced a more robust than expected quantitative easing program in a bid to revive the moribund euro zone economy.
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The EUR/USD pair tried to break higher during the course of the session on Wednesday, but struggled above the 1.16 level as we gave back about half of the gains.
Get the USD/JPY Forex signal for January 22, 2015 here.
Get the USD/CHF Forex signal for January 22, 2015 here.
Check out the EUR/USD Forex signal for January 22, 2015 here.
The GBP/USD pair initially fell during the course of the session on Wednesday, but found enough support to bounce and form a hammer.
The USD/CAD pair broke higher during the course of the session on Wednesday, showing real strength after the Bank of Canada announced a surprise rate cut.
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The USD/JPY pair initially fell during the course of the session on Wednesday, but ended up bouncing to form a hammer by the end of the day.
The AUD/USD pair fell during the course of the day on Wednesday, testing the 0.81 level. That being the case, it appears the market is ready to continue consolidating which I think truthfully runs from 0.80 on the bottom to the 0.83 region on the top.
Gold prices settled lower on Wednesday as investors cashed in recent gains after the market failed to breach the $1305 resistance level.
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Sign up to get the latest market updates and free signals directly to your inbox.We are now more than halfway through the first trading week after the Swiss National Bank’s shock announcement sent the CHF up about 15% against most other global currencies. Now that the dust is settling after the chaos, it is worth taking a look at how the CHF is shaping up now against its major pairs.
According to the analyses of the EUR/JPY and EUR/USD pairs, trader profited on a binary options platform. See how here for January 21, 2015.
Get the USD/JPY Forex signal for January 21, 2015 here.