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 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.
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.
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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.
The AUD/CHF had a bullish session on Wednesday, popping higher and piercing the 0.9750 level. This chart is one of my fair wants to follow, even though I don't traded very often. The reason being is that we have a classic "risk on, risk off" type of marketplace.
The AUD/USD pair had a back-and-forth session during the Wednesday trading hours, but what struck me the most about this pair is the fact that we are hanging tough just above the 1.05 level.
XAU/USD closed slightly lower than opening yesterday but found support at the 1652 level during the Asian session today.
The EUR/AUD has fallen some 440 pips since December 28 when it reached a high of 1.2806, not as high as the September 2012 high of 1.2823, but very close and the double top proved to be an excellent selling opportunity for anyone wise enough to sell the pair at that level.
According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
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Short the Yen as Bank of Japan says sayonara to deflation. Check out this free Forex signal based on the recent FXY movement from Keene on the Market.
The EUR/USD pair attempted to rally during the session on Tuesday, but found the 1.3150 level too resistive to overcome. This was once the site of a massive support, and as a result should continue to be massive resistance.
The EUR/JPY pair originally trying to break above the 115 level during the Tuesday session, but we solve this pair fall as the day wore on. I believe that we are getting close to see in this pair pullback to the 112 level, an area that was a massive gap from two weeks ago.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/USD pair initially fell back through the 1.05 level during the session on Tuesday to show weakness yet again. However, by the end of the session the market bounced and closed above the 1.05 level to form a perfect hammer.
XAU/USD (or gold vs. the greenback) has been basically bearish since October 2012 when it 1795.75. Last week the pair touched 1625.64, the bottom of the descending channel that we have been following since October 5.
Considering the current trends in the major economies, check out this trade idea for the EUR/CAD pair based on recent events in both the US and Europe affecting the markets everywhere.