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 USD/CAD pair fell during the course of the session on Wednesday, as we have seen time and time again over the last couple of weeks.
The NZD/USD pair had a very strong session on Wednesday, breaking the top of the hammer from the Tuesday session, and then of course going above the orange dashed line that I have on the chart.
The GBP/USD pair broke higher during the course of the session on Wednesday, as we tested the 1.55 level during the day.
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The EUR/USD pair broke higher during the course of the day on Tuesday, as we reached towards the 1.15 level. Quite frankly, if we can get above there I feel that the market is now changing trends.
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The EUR/USD pair initially tried to rally during the course of the day on Tuesday, but ended up struggling towards the end of the day.
The USD/CAD pair fell significantly during the course of the session on Tuesday, dipping well below the 1.30 handle. I believe that there is a significantly supportive zone between the 1.30 level on the top, and the 1.28 level on the bottom.
The NZD/USD pair initially tried to rally during the course of the day on Tuesday, but as you can see turned back around to form a bit of a shooting star.
During the course of the session on Tuesday, the GBP/CHF pair fell significantly. However, we found more than enough support at the 1.45 level to turn things back around towards the end of the day and bounce all the way to the 1.46 level.