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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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.
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.
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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
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.
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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.
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.
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The USD/JPY pair looks as if it’s finally broken out significantly over the course of the last several weeks. However, the market breaking above the 105 level of course is a very positive sign but there’s still the matter of the 110 level.
Check out the Forex forecast for some of the major currency pairs here, for the week of September 28, 2014.