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 most reliable pairs to watch for direction during May 2015 are going to be USD/CAD short and GBP/USD long. Get the Forex forecasts for these pairs here.
The EUR/USD pair continued to grind its way higher during the session on Thursday, as the 1.12 level has been broken. With that being said, today is Labor Day in Italy, Switzerland, Germany, and France.
Oil markets have been absolutely brutalized lately, as it wasn’t until recently that we even saw any signs of hope for the buyers. The WTI market had fallen as low as $46 at one point, but now looks as if it has formed some type of major bottom.
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The EUR/CHF pair spent most the day going higher on Thursday, but in late day trading ended up falling back down to form a shooting star. There is the 50 day exponential moving average that is coinciding with the recent action at the 1.05 handle, so perhaps a longer-term traders got involved.
According to the analyzes of the EUR/CAD and AUD/USD, trader profited using a binary options platform. Find out how here for April 30, 2015.
Check out the USD/JPY Forex signal for April 30, 2015 here.
Check out the GBP/USD Forex signal for April 30, 2015 here.
Check out the EUR/USD Forex signal for April 30, 2015 here.
The EUR/USD pair broke down during the course of the session on Wednesday, clearing the 1.10 level with relative ease. This was due mainly to the fact that the US GDP numbers disappointed, and in a big way.
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The AUD/USD pair formed a perfect shooting star during the session on Wednesday, after initially breaking out. The fact that this shooting star formed right at the 0.80 level has me intrigued, as it could be a very bearish sign.
The EUR/CAD pair broke higher during the course of the session on Wednesday as the euro itself took off to the upside. This was predicated mainly upon weakness in the US dollar, but as you can see we have a couple of interesting things happening at one point now.
The SGD/CHF pair fell rather significantly during the session on Wednesday as a lot of traders looked for a bit of safety in what was a remarkable session overall.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD pair went back and forth during the day on Wednesday as the markets saw quite a bit of volatility. This was because of two different announcements, the first one being the GDP number out of the United States, and the second one of course being the interest-rate decision and more importantly the statement that accompanies it out of the US as well.
Gold retreated on Wednesday as investors took profits from a recent rally to a three-week high. I have to say that gold had an interesting month; the market initially advanced to the $1225/2 area then spent the next three weeks grinding lower -despite the weakness in the dollar- and rose sharply again this week.
The EUR/USD pair has spent the last couple of weeks grinding its way higher. However, I still see this market as being consolidative, as the market has bounced around between the 1.05 and the 1.10 levels.