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 market fell during the session on Thursday, reaching for the $93.00 level as support, and eventually finding it. The market did bounce from that level, and as a result it looks like the area of that is surrounded by $92.00 and $94.00 will continue to be messy and noisy.
The EUR/USD pair went higher during the Thursday session, and actually managed to crack the 1.31 handle for the second day in a row. It should be stated that some of the gains were given back, and the breakout wasn't exactly impressive either. However, it is what it is, and we find ourselves above the 1.31 handle.
AUD/USD had an interesting day as it went back and forth during the Thursday session. As you can see, we went as high as 1.0580, and as low as the 1.05 handle. This tells me that the market is very volatile, but more importantly tells me that the market wants to go higher.
The USD/JPY pair initially fell during the Tuesday session, but got close to the 99 handle and saw a lot of buyers stepped into the marketplace in order to prop it up. This is probably how was pair is going to act in the near-term, simply because the entire world wants to short the Yen, but many of the traders out there would have missed this trade.
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Gold is falling again and this Forex signal for the XAU/USD pair has the information you need for your trading. Check it out here.
Without a doubt yesterday's main event was the release of the minutes from the Federal Reserve's March policy meeting. The American dollar got a lift when minutes of the meeting showed that the Federal Open Market Committee members think that if the outlook for labor market conditions improve as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by year-end.
The WTI Crude Oil market place initially sold off during the Wednesday session, dipping as low as the $93.50 level before bouncing back to the upside. We close that $94.58, which of course shows that we are just over the minor resistance area at $94.50 that I had mentioned previously.
The EUR/USD pair cleared the 50 day exponential moving average just yesterday, but now we have a bearish signal. In fact, this is exactly where I would have anticipated it, assuming that we found ourselves falling back.
The NZD/USD pair rose during the session on Wednesday, finally breaking clear of any and all resistance just above the 0.85 level. This represents a significant breakout as far as we are concerned, and we look at the overall market has been a massive consolidation area between the 0.85 and the 0.75 levels.
The AUD/USD pair shot straight up during the session on Wednesday, showing strength yet again from third session in a row. As you can see, we are approaching the 1.0550 level at the close, and this of course is a very bullish sign.
The Kiwi is at its strongest level ever against the British Pound. This comes as a result of a relatively constant and steady increase in value in the Kiwi Currency combined with a faltering Pound...and now takes us into completely uncharted territory just like Captain Kirk & Jean-Luc Picard.
Begin your day on a high with this Forex signal for the AUD/CAD pair that is currently trending upward brought to you by the experts at BNRY for DailyForex.com
Gold gained some ground against the greenback and covered Monday's losses as mounting tension in the Korea region bolstered the precious metal's safe haven appeal. Gold prices are also supported by growing expectations the central bank of the United States will keep buying assets to hasten economic recovery for the foreseeable future.
The WTI Crude Oil market had a back and forth session on Tuesday, essentially focusing on the $94.00 level. At the end of the session, we have the third the green candle in a row, and it does appear that the bullish case for a breakout above the $94.50 level is starting to gain some strength.
