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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Check out the recommendation for the EUR/USD pair here with this Forex signal.
The AUD/USD pair fell hard during the session on Tuesday, breaking the bottom of the hammer from the Monday session. This is of course a very negative sign, and as a result I think this pair will continue to go lower.
The GBP/USD pair initially fell during the Tuesday session, but as you can see bounced high enough to form a supportive candle. The supportive candle of course slammed into the 1.62 handle, which course is a large round psychologically significant number.
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The EUR/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. This of course is a bullish sign, but we did not break above the 1.36 handle, like I had wanted to see.
The WTI Crude Oil markets fell during the session on Tuesday, to test the $93.50 level again. This is an area that has been supportive over the last several weeks, and as a result it does not surprise me that we continue to see it hold up.
Although XAU/USD tried to climb yesterday, the pair run out of gas and fell back to Friday’s settlement.
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The AUD/USD pair spent most of the day on Monday, falling, but as you can see got a bit of a bounce above the 0.91 handle in order to form a hammer.
The GBP/USD pair gapped higher at the open on Monday, but fell apart later in the day. In fact, I was bit surprised to see how much. The market pullback although we were at the top of what could be seen as relatively obvious consolidation.
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The EUR/USD pair initially spent most of the Monday session falling, but ended up bouncing off of the 1.35 level in order to form a hammer. The market saw the area as a “value” area, and as a result a lot of buyers came into the market to take advantage of possible support.
The WTI Crude Oil markets fell initially during the open on Monday, and as you can see, continue to go much lower. However, by the time the day ended, we did form a hammer, which of course is a bullish sign.
The XAU/USD pair scored a gain of 0.83% on Monday as low prices lured some investors back to the market. The XAU/USD pair traded as low as 1226 but prices reacted with bullish sentiment after hitting that low and moved back up.
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The AUD/USD pair fell during the session on Friday, breaking clean below the 0.9250 level, an area that I had been calling for to get below in order to continue to selloff.
The USD/CAD pair tried to rally during the session on Friday, but as you can see ran into trouble above the 1.05 handle. This move was turned back around and ended up forming a nasty looking shooting star at the top of the recent consolidation area.