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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EUR/USD had a bullish session on Thursday as the 1.2250 level has held as support again. The candle did not quite clear the top of the shooting star from the Tuesday, but the action was bullish enough that it essentially would mean the same thing.
The AUD/USD pair had a slightly bullish session on Thursday as the 1.05 level looks to hold as support again. We had formed a hammer on the Wednesday close, and this of course suggested that the 1.0450 level was going to hold as support as well.
Check out our expert trader's recommendation for the XAU/USD pair.
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According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.
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USD/JPY is one of the most interesting Forex pairs to me right now. This is simply because we have a central bank, the Bank of Japan that is very active in this pair, and perhaps already intervening.
AUD/USD fell during much of the session as the "risk off" trade came back into play during the Wednesday session. However, by the end of the trading day we saw the Australian dollar bounce in order to form a hammer at the vicinity of 1.05 as a very positive sign.
The EUR/USD pair fell during the session on Wednesday as the shooting star on Tuesday got triggered to the downside. The pair is currently drifting higher in what is known as a rising wedge formation, and this of course is rather bearish.
According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.
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Yesterday the EUR/CAD pair made another attempt of breaking back above 1.2250 but was once again unsuccessful.
GBP/USD rose during the session on Tuesday, but just like Monday - it failed to hold above the 1.57 level and formed a shooting star. This is to shooting stars in a row, and under normal circumstances I would find this extremely bearish.
The USD/CAD pair had a relatively quiet day on Tuesday, as the markets simply have very little in the form of headlines to move on. Most of you will know that the Canadian dollar tends to follow the price of oil, and more specifically the light sweet crude markets.
EUR/USD had a bit of a rally during the Tuesday session, but as you can see on the charts, it failed yet again. The failure to clear the 1.2350 level will of course catch the only of many players in the market as it is a level that has both been supportive and resistive over the recent past.
According to the analysis of the AUD/USD and GBP/USD trader profited on a binary options platform.
Last week, the AUD/NZD closed with a 180 pip Bullish Engulfing candle off of the Weekly Support zone at 1.2900 suggesting prices would remain bullish.