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 EUR/USD pair rose during the session on Thursday, breaking the top of the previous session highs from Wednesday, and even more impressively breaking the top of the shooting star from the Tuesday candle.
The USD/JPY pair fell during the session on Thursday, but bounced hard enough to form a hammer by the end of the day. The market seems to be finding a lot of support at the 102 level, and this level continues to be one of interest for me.
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Today the gold market remains steady during the Asian session as most investors are waiting for the U.S. retail sales and unemployment claims data which will be released later today.
The WTI Crude Oil markets rose during the session initially on Wednesday, but as you can see the area above the $101 level was a bit too resistive, and therefore push the market back down.
The EUR/USD pair fell during the session on Wednesday, breaking the bottom of the shooting star that we had seen form for the Tuesday session.
The USD/JPY pair initially fell during the session on Wednesday, but as you can see found enough support above the 102 level to bounce and form a hammer.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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According to the analyses of the EUR/USD and crude oil, trader profited on a binary options trading platform. See how here.
After five consecutive days of gains, the XAUUSD pair (Gold vs. the American dollar) hit the highest level since November 11. The pair traded as high as 1293.70 after the bulls managed to push prices above the 1278 resistance level.
The WTI Crude Oil markets fell during the session on Tuesday, but found enough support just below the $100 level to form a hammer for the session again. This is the second hammer in a row, and now I feel fairly confident that the $100 level will continue to offer support in this market, pushing the market higher.
EUR/USD rose during the session on Tuesday initially, but as you can see found far too much in the way of resistance at the 1.37 level, thereby turning back around and forming a shooting star.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.