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/JPY pair will more than likely be the place to be most of the next year or two. The reason I say this is that you will not find a more blatant example of central bank interaction than you will see in this pair.
The EUR/JPY pair has been on fire lately. Because of this, I certainly cannot advocate selling it at all, and as a result I won’t even entertain a short position – no matter how parabolic the market gets.
The AUD/CAD pair continues to fall over the longer-term, and I think December will see more of the same. The reason I am doing analysis on this pair is that it is so useful when it comes to others markets.
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Follow up with the EUR/USD pair with this Forex signal.
Follow up on the GBP/USD pair with this free Forex signal here.
The USD/JPY pair shot straight up during the session on Wednesday, as the battle between the two central banks continues to favor the Federal Reserve.
The AUD/USD pair fell during the session on Wednesday, breaking below the previous low on Tuesday. As you can see, we also broke down below the hammer on the Monday session, and now looks like the pair is ready to continue lower, probably heading towards the 0.90 level.
The GBP/USD pair shot higher during the session on Wednesday, breaking above the 1.63 level. However, we did not manage to close above that level, and as a result this market isn't truly broken out yet.
The EUR/USD pair rallied during the session on Wednesday, but as you can see ran into far too much resistance to stay above the 1.36 level. The 1.36 level is the area that I need to see overcome on a daily close in order to buy with confidence in this marketplace, and as a result I am still flat of this pair.
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The WTI Crude Oil markets fell during the session on Wednesday, falling farther than I honestly thought they would. The $92.50 level of course has been significant support recently, and the nice well-defined consolidation area has been violated.
The XAU/USD pair closed yesterday's session lower than opening after the latest reports released from the Unite States provided further evidence that the world's biggest economy is on the right track.
According to the analyses of the USD/JPY and AUD/USD pairs, trader profited on a binary options platform. See how here.
Be prepared for the upcoming month of December with this forecast of the EUR/USD pair.
Check out the forecast for the USD/CAD pair for December 2013 here.
Check out the signal for the GBP/USD pair here.