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 EUR USD pair rose during the session on Friday, but as you can see stalled at the 1.37 handle. This doesn’t surprise me too much, this is been a resistive barrier for the last two months, but I look at it as the beginning of a “thick zone”, as I see resistance all the way to the 1.38 handle.
The USD/CAD pair fell during most of the session on Friday, but as you can see found enough support just at the 1.09 level to bounce and form a nice-looking hammer. This hammer is shaped perfectly, and sits just below the vital 1.10 level.
The GBP/USD pair rose during the session on Friday, finally breaking out well above the 1.6650 level. Because of this, I feel that this market is ready to go to its next natural target, the 1.70 level.
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Check out the weekly Forex forecast for some of the pairs here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
Since early 2012, volatility in this pair has declined dramatically, making it harder to trade profitably. This was quite a change as during 2010 and 2011, EUR/USD was one of the most volatile pairs.
The XAU/USD pair continued to climb on Thursday after the bulls managed to break through the 1293 resistance level.
The WTI Crude Oil markets fell during the bulk of the session on Thursday, but found enough support below the $100 level to turn around and form a hammer.
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The EUR/USD pair rose during the session on Thursday, breaking the top of the previous session highs from Wednesday, and even more impressively breaking the top of the shooting star from the Tuesday candle.
The USD/JPY pair fell during the session on Thursday, but bounced hard enough to form a hammer by the end of the day. The market seems to be finding a lot of support at the 102 level, and this level continues to be one of interest for me.
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The WTI Crude Oil markets rose during the session initially on Wednesday, but as you can see the area above the $101 level was a bit too resistive, and therefore push the market back down.
The EUR/USD pair fell during the session on Wednesday, breaking the bottom of the shooting star that we had seen form for the Tuesday session.