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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The XAU/USD pair closed higher than opening on Friday as the American dollar lost strength after the unemployment figures came in worse than expected. Initially the pair traded as high as 1682 after the jobs report.
The EUR/USD pair rose again on Friday as the Non-Farm Payroll numbers came out as expected. The lack of bad news allowed the bulls to come back out, and as a result the bullish behavior of this market continued.
The USD/JPY pair continued to rally on Friday as the Non-Farm Payroll numbers came out as expected. The pair has been brutally bullish lately, and I see no reason to think this is going to change.
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The GBP/CHF pair has completely fallen apart over the last several sessions. The Friday session was just another collapse in a long running fall. This pair is a bit like the GBP/USD pair, but on steroids.
The Swissy aka USD/CHF has rejected the 9000 area, at least for now. The pair reached a low on Friday of 0.90215, and printed a daily pin bar in the process.
Gold prices declined yesterday as the adrenalin rush of the Federal Open Market Committee meeting wore off. Yesterday, data from the world's largest economy were mixed. The Chicago purchasing managers index came in stronger than expected with a print of 55.6 and Personal Income rose 2.6%.
The EUR/USD pair fell initially during the Thursday trading hours, but as you can see by the daily chart we had experienced a bit of a rally later in the day. The resulting hammer suggests exactly what I've been thinking for some time now: that the 1.35 level will in the being massive support going forward.
USD/CAD had a very negative session on Thursday as you can see on the daily chart, break in the bottom of the Wednesday shooting star that sent just on top of the parity support level.
The GBP/USD pair had a strong showing on Thursday for the third day in a row. Considering how be of this pair had been recently, it is interesting to see that we are seeing quite a bit of a fight at this area.
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According to the analysis of the USD/JPY and AUD/USD trader profited on a binary options platform.
The XAU/USD pair produced a bullish candle after it pulled itself out of the bears' grip. Poor U.S. GDP numbers and expectations that the Federal Reserve will remain hyper active helped gold prices to rise sharply.
The EUR/USD pair had an extraordinarily strong showing on Wednesday, as we finally broke above the 1.350 level. This area has been of particular interest to me, and just about everybody else in the Forex world, as it represents the neckline of a massive inverted head and shoulders.
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The USD/JPY pair had a positive session on Wednesday, but gave back much of the gains as we found the 91 handle to be just a bit too rich for the buyers. However, what is more telling is the fact that the candle is shooting star shaped.
The EUR/CAD has bumped up against 1.3650, which was the the lows of May 2011, and a level not seen even once in 2012.