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
Get the trade recommendations for the CHF/JPY pair for the upcoming month of June 2014 here.
Learn where the XAG/USD pair is headed for the upcoming month of June 2014 here.
The XAU/USD pair continued to sink yesterday and touched its lowest level since February 4. The pair traded as low as $1251.29 an ounce but recovered some of earlier losses after the U.S. GDP and pending home sales data fell short of market expectations.
Top Forex Brokers
The WTI Crude Oil markets had a slightly positive session on Thursday, as the $103 level did in fact offer support. I had mentioned that there was a gap below that could continue to push market higher, and as a result that prediction has come true, at least for this particular session.
The USD/JPY pair fell initially during the session on Thursday, but as you can see found enough support below in order to push the market back up and form a nice-looking hammer. In fact, this is essentially a perfect hammer.
The EUR/GBP pair struggled to hang onto the gains that it found the on Thursday, as the 0.8150 level offered far too much in the way of resistance.
The AUD/USD pair had a very strong session on Thursday, finding quite a bit of buying pressure at the 0.92 level, an area that I have mentioned as being supportive. Get the full analysis for this pair here.
The GBP/USD pair did very little during the session on Thursday, as the 1.67 level held tight. Get the full analysis for May 30, 2014 here.
According to the analysis of the USD/JPY and EUR/USD pairs, trader profited on a binary options trading platform. See how here
Bonuses & Promotions
The XAU/USD pair extended its losses as a stronger dollar and technical selling pressure continued to weigh on the market. The pair traded as low as $1255.87 an ounce before recovering slightly to 1257.36 during today's Asian session.
The WTI Crude Oil markets fell during the bulk of the session on Wednesday, testing the $103 level. Traders should buy dips in this market. Get the full analysis here.
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.36 level by the end of the day. With that, we believe that the market should continue to fall from here, heading towards a 1.35 level which should be massively supportive based upon the longer-term charts.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair fell during most of the session on Wednesday, but as you can see bounced a bit towards the end of the day in order to form a hammer like candle. What does this mean for Thursday, May 29, 2014? Find out here.
Check out this free EUR/USD Forex signal for May 29, 2014 here.
Get the recommendation for this GBP/USD Forex signal for May 29, 2014 here.