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 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.
Top Forex Brokers
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.
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.
Bonuses & Promotions
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.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold prices (XAU/USD) settled slightly lower yesterday as investors took a cautious stance ahead of the U.S. Federal Reserve's monetary policy announcement.
The XAU/USD pair rose for the week settled at $1351.54 an ounce on Friday as a series of economic data out of the world's largest economy disappointed the market and continued to weigh on the American dollar.
Last week was a slightly bearish doji, the most significant things about it were its high (at almost exactly the expected 1.6250 resistance level) and its close, which was just below the resistance level at 1.6177.