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.
Most Recent
Gold prices suffered a monthly loss of nearly 5.5% as a rally in the U.S. dollar and gains in the major stock markets dulled the precious metal's attractiveness.
Despite Friday's bearish price action, gold prices ended the week slightly higher and settled at $1217.66 an ounce. The major focus of the last trading day of the week was encouraging economic data out of the world's biggest economy.
BTC/USD on the daily charts has been unable to build on its gains that it had seen a couple of days ago. It has re-entered into a downtrend and currently trades in a broad trading range with resistance on the upside at $459 and support at lower levels at $369.
Top Forex Brokers
The EUR/USD pair fell hard during the course of the day on Friday, breaking the bottom of the hammer from the session on Thursday. Because of that, it appears the market is ready to continue going much lower, heading to the 1.25 level first in my opinion.
The USD/JPY pair rose during the course of the day on Friday, testing the 109.50 region. That being the case, it appears that the market is still trying to build up enough momentum to break out to the upside.
The USD/CAD pair initially fell during the course of the day on Friday, but as you can see ended up going higher during the day. The 1.1150 level was broken above, but it seemed to offer little bit of resistance before the end of the day came.
Check out the GBP/USD Forex signal for September 29, 2014 here.
Check out the USD/JPY Forex signal for September 29, 2014 here.
Check out the EUR/USD Forex signal for September 29, 2014
Bonuses & Promotions
The GBP/USD pair initially tried to rally during the session on Friday, but turned back around to break below the 1.63 handle. However, I see the 1.6250 level as the area that we need to pay attention to the most, as it is the area that the market gapped below a couple of weeks ago.
The AUD/USD pair initially broke higher during the course of the day on Friday, but ran into the 0.88 level and pullback. That area was once a supportive level and as a result it makes sense that the market would find it to be resistance.
The EUR/USD pair fell hard during the course of the month of September, slicing through 1.28 with absolutely no trouble whatsoever. Because of this, I think that this market continues to fall and I even believe we go as low as roughly 1.20 level given enough time.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/JPY pair tried to rally during the course of September, but as you can see gave back about half of the gains. The resulting candle ended up being a bit of a shooting star, but it’s just above the 135 handle, which for me is massive supportive.
The AUD/USD pair had a nationally horrible month for September. We sliced through the 0.90 level first, and then crashed through the 0.88 level next.
The GBP/USD pair has been falling for some time, but on the weekly chart we did see a hammer form at the 50% Fibonacci retracement level from the move that started a year and a half ago.