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
The AUD/USD pair fell during the session on Tuesday, slicing through the 0.95 level during the day. That is an area that begins a significant amount of support, but I do see that the support goes all the way down to the 0.9250 level, and as a result I don't think that the markets can be sold, even though it was a fairly bearish candle.
The USD/CAD pair initially fell during the session on Tuesday, but bounced by the end of the day in order to form a bullish candle, and a fresh, new high. This of course is bullish, and as a result I think this pair should continue higher.
The EUR/USD pair tried to rise during the Tuesday session, but as you can see failed to hang onto gains. The resulting candle ended up being fairly negative, and because of this I feel that this pair has a bit of weakness in the short-term coming, simply because the market had gone so far to the upside in such a short amount of time.
Top Forex Brokers
The WTI Crude Oil markets initially fell during the session on Tuesday, but as you can see found enough support to bounce and form a hammer. This hammer of course is a relatively strong looking candle, and as a result we think this market will continue to go higher, probably testing the $100 level in the short term.
According to the analysis of the AUD/USD and USD/CAD pairs, trader profited on a binary options platform.
The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss as the American dollar gained some strength ahead of the outcome of the Federal Reserve policy meeting.
Last week was a solidly bullish candle. So far this week has been a bearish inside candle.
Last week was a strong bullish reversal candle, closing close to its high which has already been broken this week.
The CAD/JPY pair went back and forth during the session on Monday, essentially settling nothing by the time the market closed.
Bonuses & Promotions
The NZD/USD pair went back and forth during the session on Monday, essentially ending the session unchanged. We did break the top of the hammer from the Friday session though, and that of course is bullish.
The USD/CAD pair fell initially during the session on Monday, but as you can see bounced in order to form a hammer. This hammer of course signifies that the 1.04 level should offer support going forward.
The EUR/USD pair fell during the session on Monday, essentially stalling out yet again as the market has been so parabolic, and now we are starting to see it take a rest.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil markets rose during the session on Monday again, essentially confirming that the supportive hammer looks to be able to hold the market higher.
Check out the signal updates for the AUD/USD, EUR/USD, and GBP/USD pairs here.
According to the analysis of the NZD/USD pair and Crude Oil, trader profited on a binary options platform. See how here.