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 USD/JPY pair fell during the session on Friday, but bounced enough to form a hammer in the end. This of course means that the market is finding a bit of support down here, and this is looking more and more like a market that is trying to find a range in the general area in which to trade.
The EUR/USD pair tried to rally on Friday, but failed to land any impressive gains as you can see. The resulting candle is a shooting star, which of course is a bearish sign. The failure to hang onto gains isn’t that big of a surprise though, as the market went so hard to the upside on Thursday.
The EUR/GBP pair fell during the Friday session, but bounced enough to form a hammer at the end of the day, and right on top of the previous consolidation area – practically screaming its time to start buying.
Top Forex Brokers
Last week was a bullish reversal candle that closed in the upper quartile of its range, just under a well-established resistance level at 1.6177. This is a bullish sign, but the resistance seems to have already had a halting effect on the price.
Begin the trading week with the forecast for some of the major pairs in the Forex market here.
The WTI Crude Oil markets fell during the session on Thursday, which of course is very surprising considering that the US dollar got absolutely pummeled. Because of this, we managed to fall the way down to the $100.03 level during the session, but found enough support to bounce and form a nice looking hammer.
The EUR/USD pair shot straight through the ceiling during the session on Thursday as the US dollar was pummeled in general.
The USD/CAD pair fell during the session on Thursday, slicing through the 1.03 level. However, we did bounce a little bit so one has to wonder whether or not there is support down here that's willing to put up a fight.
The EUR/JPY pair fell during the beginning part of the session on Thursday, but as you can see got a bit of support just above the 133 handle in order to bounce and form a hammer. This is of course a bullish sign, and as a result I think that this market is going to continue higher.
Bonuses & Promotions
The GBP/USD pair skyrocketed during the session on Thursday, breaking well above the highs from the Wednesday range, which I had previously suggested would be a nice buying opportunity.
According to the EUR/GBP and AUD/USD analyses, trader profited on a binary options platform. See how here.
Last week was a bullish reversal bar, closing just above on the lower trend line of the triangle that was broken down to the downside last month. This week is bullish so far and has penetrated back into the triangle.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The gold market appears to be stable with the bulls and bears gaining and losing ground almost equally during yesterday's session. Finally U.S. Senate leaders came up with a deal to raise the debt ceiling and end the government shutdown.
The WTI Crude Oil markets rose during the session on Wednesday, as the $101 level has offered enough support yet again. This area is looking more and more interesting to me, and I believe that short-term traders will more than likely take advantage of this area as its strength has been proven more than once.
Monday printed a bearish pin par, marked at (1). There was then a bearish candle the next day which bounced up off the support at 1.3485, closing about halfway along its range.