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 GBP/USD pair tried to rally during the session after the Bank of England failed to produce more quantitative easing measures at its meeting during the session on Thursday.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
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The WTI Crude market fell during most of the session on Wednesday, but as you can see formed yet another hammer focused on the $90.00 level. It is because of this that I feel this market is due for a bounce, and certainly expected sometime over the next couple of sessions.
Gold prices (XAU/USD) settled higher after a choppy session yesterday. The pair traded as low as 1567.36 after the ADP Research Institute said companies in the U.S. added 198000 workers last month but prices bounced back to 1584 as buyers stepped in.
The EUR/USD pair had a negative session on Wednesday, as a close below the 1.30 level for the first time. It has fell below that level previously, but never close therefore the session, a small but crucial difference.
USD/JPY had a strong showing during the session on Wednesday, as it initially dipped lower, but then turned around and bounced fairly hard. At the end of the day, we found ourselves just below the 94 handle, and this of course is a fairly bullish sign.
The USD/CHF pair shot straight up during the session on Wednesday, eclipsing the 0.9450 resistance area. However, the market is running into the 0.95 handle, an area that has been significant resistance in the past.
The AUD/CAD pair breached the 8 month high at 1.0596 yesterday trading as high as 1.0609 before pulling back to close higher than opened at 1.0559 and printing a pseudo pin bar on the Daily chart.
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With limited news out from the Eurozone, EURUSD trades have ground to a near halt as traders pare bets ahead of Central Bank decisions. The major risk factors facing the EU remain unresolved as Italian politics throw the region into further turmoil.
Check out this Forex signal for the EUR/GBP pair from the experts at BNRY and learn where the pair is headed.
The WTI market had a slightly positive session during the Tuesday trading hours, but did not break above the $91.00 level, an area that I would've liked to seen broken to the upside in order to start buying again.
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Sign up to get the latest market updates and free signals directly to your inbox.The XAU/USD (Gold vs. the American dollar) settled slightly higher yesterday, marking the first rise in five trading sessions, as caution set in ahead of high impact economic data releases later today.
The EUR/USD pair had a fairly back and forth session during the Tuesday trading hours, eking out a small gain in the end. However, when you look at this candle, you can see that the range was relatively tight overall.
The AUD/USD pair rose during the session on Tuesday, after forming an absolutely perfect hammer during the Monday session. The thing that intrigued me the most about the hammer on the Monday session is that it was formed at the 1.02 support level.