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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After a wild week for the EUR/USD last week we can now look back and see some method to the madness, or at least a potential way to trade this roller coaster. The EUR/USD started the week by breaking the previous week's low, and I am sure more than a few traders went short at this point since this was at a key support/resistance area at 1.3100.
The EUR/AUD pair is currently testing the 50% level of Fibonacci. Get the Forex signal here before you begin your weekend.
After a choppy session the XAU/USD pair (Gold vs. the Greenback) closed the day higher as lower prices continued to lure Asian buyers. In addition to increasing demand for physical gold, short covering ahead of the G20 meeting helped the bulls to defend the 1333 support zone.
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The WTI Crude market had a fairly decent bounce during the session on Thursday, as we saw the market break above the $88.00 level. However, the market is still fairly weak as far as I can tell, even though we sit on top of a relatively messy cluster that had formed way back in November of 2012.
The EUR/USD pair rallied during the session on Thursday, but as you can see on this chart sell at the 1.31 handle, showing that we are starting to lose a little bit of momentum in this market.
The GBP/CHF pair had an interesting session on Thursday, breaking above the top of the hammer that was formed on Wednesday. With even more interesting is that this all happened of the 1.42 handle, an area that has been supportive and resistance in the past.
The GBP/USD pair bounced off of the 1.5250 level for the Thursday session, but did give back some of its gains. The pair previously had significant resistance at that level, so the fact that it's acting like support now should be much of a surprise.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
The GBP/USD pair may be heading downward but don't let that stop you from checking out this Forex signal and getting the stop-loss here.
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The XAU/USD pair has been range bound since prices bounced off of the 1320 level. Although gold prices advanced two days in a row, we are still trapped in a relatively small range during the Asian session today.
The WTI Crude market fell during the session on Wednesday, breaking below the $87.00 level. Within this chart, you can see that in the after hours we are continuing the weakness, and a break of the $86.00 level wouldn't be surprising, and it would be very bearish.
The EUR/USD pair had a very negative session on Wednesday, as we continue to flood around the 1.31 handle. In fact, at one point time we put a serious attack on the 1.30 handle, an area that I think would lead to lower prices if we can break down below it on a daily close.
The USD/JPY pair of positive session on Wednesday, but failed to break above the 98.25 level. This area has been support recently, and as a result it was expected to be resistant. In fact, it has acted as such, and as a result the candle couldn't quite break above it and hold for any length of time.
The GBP/USD pair had a negative session on Wednesday, piercing the 1.5250 support level, albeit for just a brief moment or two. Nonetheless, it does appear that we have made a serious attack on the support, and it seems that this market could very easily drop from this level.
The AUD/CHF has printed a Bullish Pin Bar on the 0.9600 support zone after yesterday’s price action. Support is seen at this level from the highs in February, as well as October 2012 and beyond.