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 USD/JPY pair fell during the Wednesday session as the pullback continued. However, we got a significant bounce off of the 87 handle, and the site of a previous swing high. The resulting candle of course was a hammer and then of course is a bullish sign.
The USD/CAD pair rallied during the session on Wednesday again, and unlike Monday and Tuesday managed to keep at least some of the gains. However, I still see quite a bit of resistance above at the 0.99 handle, and possibly even lower.
The AUD/USD has been trading in a tight range the past 3 days with progressively higher lows, but similar highs and has now broken below the support at 1.053.
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XAU/USD extended its gains as the bulls manage to clear trend line resistance at 1672.40. The pair also climbed and managed stay above the 1677 level which had been a cap on the prices recently.
The EUR/USD pair pulled back during the Tuesday session in order to test the 1.33 level for support. The pair even managed to fall just above the 1.3250 area, but bounced towards the end of the day in order to show that support did in fact reside in that general vicinity.
The AUD/SGD pair isn't one that many people talk about, but it is an interesting pair to watch for several different reasons. The first and most compelling reason is that it is a measure of trade in Asia. After all, most Asian nations do some business with Australia buying needed minerals and other industrial materials.
The USD/JPY pair fell during the session on Tuesday, proving that it does in fact have to obey the laws of gravity like everyone else. Lately, any pair that is Yen related has been a straight shot against the Japanese currency.
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According to the analysis of the USD/CAD and EUR/GBP trader profited on a binary options platform.
This pair shot through several resistance areas on Monday, but still remains below the 1.25 level. Find out what this means here.
The USD/CAD pair initially tried to rally during the Monday session, but it failed somewhere around the 0.9880 level. Learn more here.
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Sign up to get the latest market updates and free signals directly to your inbox.I see a move above the 1.35 level as monumental in this pair. Get the full analysis here.
Start your day with a free Forex signal for the USD/CAD pair and catch the recommendation for your trading here.
The EUR/GBP has gapped up this week, and after yesterday's trading has also hit the bottom of a resistance zone that held the pair captive from January through March of 2012.