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 remained slightly bullish yesterday and traded as high as 1674.70. It appears that the bulls gained some strength after Federal Reserve Chairman Ben Bernanke said nothing to reinforce the hawkish reading of the latest FOMC minutes.
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According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
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Some of the major Forex pairs weren't so hot last week while others were. See what is in store for them this coming week and make your trading moves carefully.
XAU/USD (gold vs. the greenback) had a slightly positive week as the bulls continued to defend the support level at 1652. Get the gold analysis here.
The EUR/USD pair smashed through the 1.33 resistance level on Friday as the uptrend continues. Obviously, we have broken out and the fundamental outlook for this currency pair has completely changed.
The USD/CAD pair fell during the Friday session as we broke below the recent lows in order to make a serious attempt at the 0.98 handle. However, by the end of the day we get a significant enough bounce order to form a hammer.
The GBP/AUD pair initially fell during the Friday session, but bounced off of the 1.5250 level in order to climb back above the 1.53 handle.
The GBP/CHF, not unlike the USD/CHF has been trading in a descending channel since July 22 when it reached the high for 2012 at 1.5479, a level not seen since February 2011.
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The EUR/USD pair shot straight up like it was fired out of a cannon on Thursday. The pair was reacting to a few answers during the post meeting by European Central Bank Chairman Mario Draghi relating to a more upbeat than thought assessment of the economy.
The EUR/AUD pair is one that I don’t normally follow much. However, the session on Thursday was so pro-Euro; I started to look around the Forex markets at all of the EUR/XX pairs, and came across this one.
The AUD/USD pair is about to become my favorite pair I think. The 1.06 level just above is massive in its implications, and I think that this could be a serious move up. The pair is often used as proxy for China, and the Chinese let loose with very strong import/export numbers over the last 24 hours.
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Sign up to get the latest market updates and free signals directly to your inbox.XAU/USD ended yesterday’s session higher, supported by strong Chinese trade balance data and weak demand for the U.S. dollar. The data out of China, the world's biggest gold consumers, showed the country’s trade surplus surged from $19.6 billion to $31.62 billion in December.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
The EUR/USD pair fell during the session on Wednesday, but has hit an interesting area that is causing a bit of confusion for traders out there. For starters, we have an uptrend line that is now looking more and more supportive, and the action on Wednesday would have done nothing to dissuade traders from believing in the validity of this trend line.