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 went back and forth during the session on Wednesday, as we continue to meander around the $98 handle. The $98 handle has shown a significant amount resistance lately, but I don’t necessarily think that it’s any type of major blockade for the buyers, it’s just simply the fact that we’re getting towards the end of the year.
The EUR USD pair initially tried to rally during the session on Wednesday, but as you can see the 1.38 level has caused resistance yet again. The market fell from there, and then of course was helped by the FMOC and its announcement that it was tapering off of the bond purchase program.
The USD/CAD pair had an extraordinarily bullish session on Wednesday, lodging for the 1.06 handle and smashing through the 1.07 level. The 1.07 level was the area that I needed to see broken to the upside in order to become very bullish of this pair, and start adding to previous positions.
Top Forex Brokers
The EUR/JPY pair had a strong session on Wednesday, as the general risk appetite of markets around the world and proved. Because of this, it appears that the market is ready to go much higher, and as a result I feel that this market should go to the 145 level, perhaps even higher given enough time.
Check out the signal for the USD/JPY pair here.
Check out the signal for the GBP/USD pair here.
Check out the signal for the EUR/USD pair here.
Check out the weekly Forex signal for the AUD/USD pair here.
The XAU/USD pair closed the day lower after two consecutive days of gains. Without doubt, the outcome of the Federal Open Market Committee meeting will be the next big market catalyst.
Bonuses & Promotions
Check out the signal for the USD/JPY pair here.
Check out the signal for the EUR/USD pair here.
Check out the signal for the GBP/USD pair here.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Find out how the signal for the GBP/USD pair did from December 17, 2013 here.
According to the analyses of WTI Crude oil and EUR/JPY, trader profited on a binary options platform. See how here.
The XAU/USD pair had a slightly positive session but as we can see uncertainty over when the Federal Reserve would start winding down its $85 billion monthly bond purchases continues to affect the market sentiment.