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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Gold prices (XAU/USD) settled slightly higher after a volatile session yesterday. The pair traded as high as 1274.40 after the ADP private jobs data fell short of market expectations but prices pulled all the way back to 1255 support level as sellers stepped in.
The WTI Crude Oil markets gapped higher at the open on Wednesday, but as you can see we essentially went back and forth, banging around in a relatively tight range.
The EUR/USD pair had a back and forth session on Wednesday, but most importantly favored the 1.35 level as support. That being the case, it appears that the market will find buyers down at this level, especially with the nonfarm payroll numbers coming on Friday.
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The GBP/USD pair fell hard during the session again on Wednesday, but for the second day in a row found enough support below the 1.63 level in order to form a nice-looking hammer.
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
According to the analyses of the USD/JPY and GBP/USD pairs, trader profited on a binary options platform. See how here.
Into the end of last year, the Euro was one of the market’s best performing currencies. There were a few different reasons for this but whether or not this strength is ultimately sustainable is an entirely different story.
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Gold gave up some of its recent gains against the American dollar during yesterday's session on signs of stabilization in the risk environment.
The WTI Crude Oil markets rose significantly during the session on Tuesday, climbing back above the $97 level again. This candle simply retraced all of the losses that we found on Monday, ultimately keep in the market going sideways.
The EUR USD pair fell initially during the session on Tuesday, but did find enough support just below the 1.35 level in order to bounce and form a relatively nice-looking candle.
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Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.