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 fell during the session on Wednesday, but found enough support in order to bounce back and form a hammer.
The AUD/USD pair tried to rally during the session on Wednesday, but as you can see the 0.95 level offered resistance yet again, forming a shooting star by the time the markets closed.
The EUR/USD pair went back and forth during the session on Wednesday, eventually settling nothing but it did in the end form a slightly bearish candle.
Top Forex Brokers
The WTI Crude Oil markets fell during the session on Wednesday, losing quite a bit and testing the $96.50 level. This market of course has been very bearish recently, so I am a bit hesitant to sell down here even though it certainly looks like it wants to fall.
Gold prices (XAU/USD) settled slightly lower after a highly volatile trading session yesterday.
We correctly called the bearish turn at the confluent resistance around the 0.97 level. Although that daily candle did close below 0.9650, it did not close very close to its low, and not within the bottom quarter of its range.
According to the analysis of the AUD/USD and USD/CAD pairs, trader profited on a binary options platform. See how here.
Check out the forecast for the CAD/JPY pair for the upcoming month of November 2013 here.
Check out the CHF/JPY forecast for the upcoming month of November 2013 here.
Bonuses & Promotions
Check out the GBP/AUD forecast for the upcoming month of November 2013 here.
Check out the Gold monthly forecast for November 2013 here.
Check out the EUR/USD forecast for the upcoming November 2013 month.
Last week was a solidly bullish candle. So far this week has been a bearish inside candle.
The AUD/USD pair fell during the session on Tuesday, slicing through the 0.95 level during the day. That is an area that begins a significant amount of support, but I do see that the support goes all the way down to the 0.9250 level, and as a result I don't think that the markets can be sold, even though it was a fairly bearish candle.
The USD/CAD pair initially fell during the session on Tuesday, but bounced by the end of the day in order to form a bullish candle, and a fresh, new high. This of course is bullish, and as a result I think this pair should continue higher.