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 has been in a massive free fall for the last several weeks. It seems like every time the Pound tries the gain some type of putting, the market slaps it back down. With that being said, there has to be a point in time where the support finally comes back into the marketplace.
The EUR/JPY pair rose during the Friday session as the 120 level continues offer support. This market has been extraordinarily bullish over the last several months as you know, and as a result it does not surprise me that the next major handle from the fall acted as support.
Gold (XAU/USD) Formed a weekly Inverted Hanging Man formation at the close of last week, suggesting that prices could be heading back up.
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The WTI Crude markets fell during the session on Thursday, as a general "risk off" vibe hit the commodities markets. This chart looks like one the ones to grind lower, and I did mention previously that I thought the $92.00 level would be somewhat supportive.
The XAU/USD pair closed lower than opening for a second day as the greenback continued to gain strength across the board after the Chicago PMI data and weekly jobless claims figures came out better than forecasts.
The EUR/USD pair fell during the session on Thursday, as the consolidation continued. Looking at this chart, it's easy to see that the 1.30 level will more than likely offer significant support, as it did back in January.
The USD/CAD pair did something rather bullish during the Thursday session: it broke above the top of the most recent shooting star. This often leads to more bullishness, and in turn an extension of the rally.
Check out where the EUR/GBP pair is headed with this signal from DailyForex.com.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
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Follow up on yesterday's EUR/USD signal from Fadi and learn what the recommendation is here.
The USD/CAD pair may be ending the month on a high and you can too with this free Forex signal from the experts at BNRY.
The WTI Crude market went back and forth during the session on Wednesday, and continued to straddle the $92.80 level that has been a fulcrum for the market lately. As you can see, we have been bouncing off the $92.00 level, and it seems to be offering significant support.
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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) pair settled lower Wednesday, pulling back after sizable gains in the previous sessions, as better-than-estimated U.S. home sales and durable goods data increased demand for the greenback ahead of today’s GDP and unemployment claims reports.
The EUR/USD pair had a strong showing on Wednesday as the 1.30 level has offered significant support. This also would have been predicated upon the idea that the Italians managed to sell a significant amount of bonds earlier in the day, without paying an outrageous yield.
The USD/JPY pair fell again during the Wednesday trading hours, dipping below the 92 handle for the third session in a row. However, for the third session in a row we also saw the market popped back over the 92 handle and form supportive price action.