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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According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
XAU/USD continued to sink yesterday as strength in the American dollar helped sellers. Demand for the greenback increased after data on U.S. services, factory orders beat estimates and President Obama said “a fiscal deal is achievable in about a week if republicans acknowledge the need to raise taxes on the wealthy”.
The EUR/USD pair tried to rally during the Wednesday session, but we found too much resistance above the 1.31 handle for the second time in three months. The 1.3150 level looks to be overly resistive, and as such it is the top of the larger consolidation zone.
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The GBP/USD pair initially rose during the session on Wednesday as we broke above the 1.61 handle for the second day in a row. However, just like the previous session we solve the market failed to hang onto gains above that level.
The AUD/USD continues to fall every time we reach the 1.0475 level, as shown during the Wednesday trading session. Because of this, it was no surprise that we got a pullback during the Wednesday session, and as a result I think we are simply tightening up this marketplace and waiting for some type of news.
The USD/JPY continues to weaken after a short lived 2 days of being bearish, the pair created a Bullish engulfing candle on yesterdays daily chart that could indicate a pending break of resistance at 0.8290 will be attempted soon.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
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XAU/USD has seen quite a selloff recently as the market conditions (fundamentally and technically) have been working against gold. Unresolved negotiations in the U.S. and fiscal problems in the eurozone have been causing volatility in the markets.
The EUR/USD pair rose for the session on Tuesday, as we continue to chug along for the 1.3150 level. The area is the top of a larger consolidation area, and as such I think there could be some resistance coming up, and the first sign of resistance will more than likely send the pair looking for a pullback.
The NZD/USD pair rose during the Tuesday session, as the New Zealand dollar continues to be a favor way to express a "risk on" attitude for currency traders around the world. However, we did see a bit of a fight at the 0.8250 level, an area that has given this market quite a bit of trouble over the last two weeks.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD rose during the session on Tuesday, but failed to close above the 1.61 level in a sign of strong resistance. The resulting candle is a shooting star, and as a result this looks like weakness showing up in the pair.
The Bulls pushed the GBP/CHF as high as 1.4981 yesterday in the first few hours of the London Session before the pair reversed and fell 76.4% of the daily range, to close at 1.4917 and forming a pseudo hammer or pin bar candle on the Daily Chart.
According to the analysis of the USD/JPY and GBP/USD trader profited on a binary options platform.