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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Get the GBP/USD Forex signal for April 28, 2015 here.
Get the EUR/USD Forex signal for April 28, 2015 here.
Gold prices rose $22.13 an ounce yesterday, recovering most of last week's losses, on speculation that the U.S. Federal Reserve will not hint at a June rate hike at its two-day policy meeting which starts later today.
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The EUR/USD pair went back and forth during the day on Monday, essentially settling nothing. By doing so, it only adds to my interest in selling this pair as I believe that the upward momentum is running out of space.
According to the analyzes of the AUD/USD and GBP/USD, trader profited using a binary options platform. Find out how here for April 27, 2015.
Get the AUD/USD Forex signal for April 27, 2015 here.
Check out the USD/JPY Forex signal for April 27, 2015 here.
Get the GBP/USD Forex signal for April 27, 2015 here.
Get the EUR/USD Forex signal for April 27, 2015 here.
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Gold ended the week down by 2.15% at $1178.91 per ounce as gains in equity markets increased investors' appetite for risk and dented demand for safe-haven assets.
The AUD/USD pair broke higher during the day on Friday, but did not break out to a fresh, new high. After all, there is a significant barrier all the way to the 0.80 level as far as I can see, and with that I have no interest in buying this market.
The EUR/GBP pair initially tried to break out during the session on Friday, but struggled at the 0.72 level again. By doing so, the sellers stepped in and took control, pushing this market much lower.
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The EUR/JPY pair rose during the course of the session on Friday, slamming into the 130 level. This area offered a significant amount of resistance, pushing this market back down and making the candle form a shooting star.
The EUR/USD pair broke higher during the course of the session on Friday, clearing the 1.08 level. Because of this, I believe that the market is going to try to reach towards the 1.10 handle, but I recognize that there is a significant barrier of resistance in that area.