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 other day, I mentioned this pair in my analysis and told many of you that I thought it would start falling again. It has certainly done just that, and it also has done it in congruence with the rising of oil prices.
The USD/JPY pair fell during most of the session on Wednesday, but managed to form a bit of a hammer for the session. While the candle itself isn't that impressive, the fact that it formed just after a massive hammer on Tuesday is what caught my attention.
The AUD/USD has been falling more or less since April 10th and from the 15th until today the pair has been trading in a descending channel seen clearly on the 4 hour time frame.
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According to the analysis of the EUR/JPY and AUD/USD trader profited on a binary options platform.
Gold has been a hot topic in the news recently based on the prices that have fallen drastically. Many people think that this trend could be over but we have the predictions for the next month right here. Get all the information you need for gold prices and what it can mean for your trading.
This time we would like to talk about the merits of two opposing trades: long and short USD-JPY. The rationale is to highlight the reasons in favor of each move and by doing so clarifying the risks of the opposite move. Get the analysis here.
The ounce of gold is bouncing back since several sessions due to its very strong downtrend those past weeks. Get the Forex signal for the XAU/USD pair here.
The XAU/USD pair closed Tuesday's session lower than opening after five consecutive days of gains. Investors turned to the relative safety of the American dollar after the PMI data out of China and Eurozone missed expectations.
The WTI Crude market had a positive session on Tuesday, breaking above the $89.50 level. This move suggests that we are going to see continued bullishness in this marketplace, and could very well see a move to the $90.00 level over the course of the next session or two.
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The EUR/USD pair is a great place to lose money these days. In fact, many of the professional traders that I speak to on a daily basis are simply avoiding it. However, having said that it does look like we have seen a little bit more of a weak turnover the last 24 hours in this marketplace.
The AUD/USD pair fell during most of the session on Tuesday, but as we approached the 1.02 level, buyers stepped in to provide plenty of support. When you look at this chart from a longer-term perspective, you can see that the 1.02 level was of course the bottom of the massive consolidation area that this market has been stuck in for the last 18 months or so.
The EUR/JPY pair fell during most of the session on Tuesday, testing the 1.2750 area. However, you can see the buyers stepped back into the marketplace as you would expect, and sent this market high enough to form a fairly decent looking hammer.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
The USD/JPY pair is currently drawing a double-top on the 99.90 resistance. Get the Forex signal for this pair here.
The XAU/USD pair advanced towards the critical resistance level at 1444 yesterday as a weaker U.S. dollar lured some investors back to the market.