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 CHF/JPY pair fell during the session on Tuesday, plunging below the 107.50 level. This level was the site of a significant breakout early in September, and as a result we have returned and it looks like the market is trying to decide whether or not the area could be supportive.
The GBP/USD pair went back and forth during the session on Tuesday, slamming into the 1.60 handle but finding it to be far too resistive. On the other hand, the 1.5950 level offered support as well, and because of that we formed a nice looking hammer by the end of the day.
According to the analysis of the GBP/USD and AUD/USD pairs, trader profited on a binary options platform. See how here.
Top Forex Brokers
Signs of progress in resolving the U.S. budget crisis increased demand for the American dollar and lured investors away from the precious metal. There are rumors that Democrats and Republicans were nearing a deal to end a partial government shutdown and suspend the debt ceiling through February 2014.
The WTI Crude Oil market continues to meander right around the $102 level, and finding the $101 level be supportive still. The area has been rather resilient, and as a result I believe that the markets will continue to find a reason to bounce from this area.
The EUR/USD pair rose during the session on Monday, but as you can see failed to hang onto any gains. In fact, it formed what could be considered to be a perfect shooting star, in this signifies that we could perhaps pullback at this point.
The GBP/USD pair tried to rally during the session on Monday, but as you can see found far too much resistance at the 1.60 level in order to stay above it. The resulting candle is a shooting star, and that is a negative turn of events obviously.
The AUD/USD pair rose during the session on Monday, breaking through the 0.95 handle finally. In fact, this market now looks like it's poised to breakout to the upside, and finally get above the 0.9550 level that I have been looking for in order to start buying.
The USD/CAD pair did very little during the session on Monday, continuing to hang about the 1.0350 handle. It does show that there is a little bit of support there, and as a result the hammer like candle that printed for the session is not much of a surprise.
Bonuses & Promotions
Aussie versus the US Dollar is still on an uptrend since the end of August, from .89 to currently at .9472. Short-term immediate support at .9425, and could trade on the long side, with that level as a stop.
According to the analysis of the EUR/USD and AUD/USD pairs, trader profited on a binary options platform. See how here.
The WTI Crude Oil markets fell during the majority of the session on Friday, but as you can see found enough support right around the $101 level in order to bounce and form a nice looking hammer.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The long-term upwards trend is still entirely intact. Last week was a bullish reversal candle, but it only closed about halfway up its range, so it is not a very reliable bullish sign.
Begin the trading week with a signal for the EUR/USD pair here.
Gold prices fell for the week as investors continued to price in the Federal Reserve’s possible trimming of its massive stimulus later this year. The XAU/USD pair has seen quite a selloff recently as the market conditions (both technically and fundamentally) have been working against gold.