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 EUR/USD pair rose during the session on Thursday as traders came back from the Christmas holiday. What I find most interesting though is the fact that I had drawn an uptrend line on this chart a couple of sessions ago, and it appears that we are in fact honoring it.
The USD/JPY pair rose during the session on Thursday as traders came back from the Christmas break. We are now approaching the 105 level, the area that I had targeted initially as where the buyers would drive the market to.
The USD/CAD pair fell during the bulk of the session on Thursday, but as you can see found a bit of support just above the 1.06 handle again. The resulting action formed a hammer, this hammer of course suggests that the consolidation will continue going forward.
Top Forex Brokers
The EUR/JPY pair rose during the session on Thursday, breaking well above the 143 handle for the first time in ages. You can see that we have been struggling to get above it over the last couple of weeks, so this of course is a very bullish sign.
The WTI Crude Oil markets were obviously closed for the Christmas holiday, but as you can see the markets have been hanging about the $99 level recently.
The EUR/USD pair fell on Tuesday, but bounced off of what I perceive as a nice uptrend line. However, Wednesday of course was Christmas, so therefore there was no trading.
In a Forex forecast made in March of 2013, Christopher Lewis made some predictions for the quarter. Was he right? Find out here.
The EUR USD pair has been trapped in a relatively sizable range for several weeks now, and going into the month of January I do not expect to see a whole lot of change to that pattern.
The AUD/JPY pair seems to be finding quite a bit of support right around the 92 handle. This is interesting considering how poorly the Australian dollar has performed recently, socially against the US dollar.
Bonuses & Promotions
The USD/JPY pair has been going higher for a couple of months now. While a pullback certainly could happen, I believe that this pullback would simply be an opportunity to start buying again.
The GBP/USD pair has been very bullish over the last six months or so. That being said, as we approach the 1.65 region, the pair has lost quite a bit of momentum.
The AUD/USD pair has been falling drastically for the last two months, and as a result it takes a certain amount of wherewithal to start buying it in this general vicinity.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold prices declined yesterday but remained within the last two days of trading range as end of year holiday effects started to be felt. Although prices are under pressure after Fed's taper decision, we may not see any true momentum while the market volume is decreasing.
The WTI Crude Oil markets fell during the session on Monday, pulling back from the $99.50 handle. Ultimately, I see a lot of support just below current levels, and therefore I’m not willing to start selling into this move.
The EUR/USD pair rose during the session on Monday, but as you can see gave back about half of the gains by the time the market closed. The 1.37 level has offered a bit of resistance, but quite frankly I think it has more to do with the fact that we are getting to close the Christmas than any type of significant resistance that’s going to keep the market from doing what it wants to.