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.
Most Recent
The USD/CAD pair rose during the bulk of the back half of April. Because of this, we have broken above the top of the hammer from a couple of weeks ago, and fired off buy signals.
Check out the Forex signal for the USD/JPY pair here.
Check out the GBP/USD signal here.
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Check out the Forex signal for the EUR/USD pair here.
Gold prices climbed 1.6% since the beginning of the month, supported by escalating tensions between the West and Russia over Ukraine. Learn where Gold is headed for the upcoming month of May 2014 here.
The WTI Crude Oil markets gapped slightly higher at the open on Monday, but as you can tell by the chart went back and forth and essentially ended the day where we started.
The GBP/USD pair broke higher during the session on Monday, breaking above the 1.68 handle solidly at one point during the day.
The AUD/USD pair tried to rally during the session on Monday, going as high as the 0.9325 area. However, we found enough resistance of the net general vicinity to push the market back down and form a shooting star.
Check out the weekly signal for the EUR/USD pair here.
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During the Friday session, the WTI Crude Oil markets fell rather hard. The candle of course closed just above the $100.50 level, but more importantly close towards the very bottom of the range.
The EUR/USD pair rose during the session on Friday, but as you can see a back about half of the gains. This is unfortunate, because it shows that the market is simply going to stay within the really tight consolidation area that we have been stuck in for some time.
The GBP/USD pair tried to rally during the session on Friday, but you can see that the 1.6850 level offered enough resistance to turn things back around.
The USD/JPY pair went back and forth on Friday, but the one thing that it did show me was that the 102 level continues to be supportive.
The EUR/JPY pair fell during the session on Friday, but as you can see found enough support at the 141 level to bounce again.