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.
The WTI Crude Oil markets tried to rally during the session on Wednesday, but as you can see it failed yet again at the $94.50 level for the second day in a row. Because of this, it appears that the market is starting to struggle that, and it also doesn't help that we formed a shooting star for the session.
The EUR/USD pair had a positive showing on Wednesday, as the 1.31 level was overtaken during the session. However, we are approaching the nonfarm payroll Friday, which of course normally means of the markets will quiet themselves for roughly 24 hours ahead of time.
The AUD/CAD pair fell apart during the session on Wednesday, breaking well below the parity level. While most of you have been watching the AUD/USD or even the USD/CAD pairs, this one has quietly put in a nice technical sell signal.
The USD/CAD pair tried to rally during the session on Wednesday, but as you can see once he got above the 1.0350 level, it struggled. The resulting pullback formed a shooting star, and I believe that this represents a tightening of the trading range, nothing more, and nothing less.
According to the analysis of the AUD/USD and WTI CRUDE OIL one trader profited on a binary options platform. See how here.
The AUD/USD has certainly fallen from grace, so to speak. But we're still watching it...see why.
The XAU/USD pair closed yesterday's session lower than opening but remained within the last four days’ trading range. Get the analysis here.
The WTI Crude Oil market had a slightly positive session on Tuesday, as we continue to drift just below the $94.00 level. This area is a significant resistance area, on the short term charts.
The EUR/USD pair went back and forth during the session on Tuesday as it typically does, but in the end formed a positive candle. This is a necessarily the clearest indication of a hammer, but it does look somewhat like one.
The AUD/USD pair fell during the session on Tuesday, slamming into the 0.9650 level again. This area has been significant support several times in the past, and has been rather supportive recently as well.
The USD/JPY pair had a back and forth session on Tuesday, as the market formed an inside candle. However, the candle is positive, and it is sitting on top of the 100 handle. This is a natural spot to see support come into the marketplace, and because of this I feel that a break of the highs for the session on Tuesday will be more than enough to get more buyers into the market.
According to the analysis of the USD/JPY and EUR/USD one trader profited on a binary options platform. See how here.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.89% on Monday after the disappointing manufacturing data out of the world largest economy eased concerns that the U.S. Federal Reserve might soon start unwinding its massive stimulus.
The Japanese Yen strengthened against the US Greenback yesterday and fell to a 3 week low at 98.85. The pair appears to have found support at this level however, with highs from both April and early May at these levels.
The WTI markets had a positive session for Monday, predicated mainly upon the fall of the US dollar overall. In a truly ironic turn of events, the PMI numbers coming out of United States and the contractionary mode, albeit just slightly, pushed the value of commodities on the whole higher.
