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 EUR/USD pair has recently picked up a little bit on the bullish side as the 1.27 level offered enough support to keep the sellers a day. With this being said, it looks like we are attempting to break above the 1.28 handle with some significance, and as such, I believe that a reentry into the former consolidation zone could be about to happen.
The GBP/USD pair had a strong session during the Tuesday trading hours as we managed to break above the shooting star highs from Monday. This is a very bullish sign, and as such I believe that the British pound is about to start gaining against the US dollar again.
The GBP/JPY pair rose during the session on Tuesday as we smash through the 130 handle. This is one of the favorite pairs for so-called "carry traders" to be involved with as the swap is fairly strong, and the movement in this pair tends to be rather exaggerated.
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Gold prices climbed higher as the conflict in the Middle East continued to intensify, which increased demand for safety.
The EUR/USD pair had a slightly positive tone to it on Monday, but failed to “stick the landing” as it were, as the 1.28 level keeps up the resistance. The fact that so many of the world’s stock markets exploded to the upside while this pair didn’t really launch is a bit concerning if you happen to be a buyer or bull in general.
The USD/CAD pair has been one that has been in my sights for a while. After all, we got the breakout above 0.99 which should have shown that the markets wanted to get bullish overall.
The EUR/JPY pair is very risk sensitive. The pair will literally rise and fall with risk sentiment, and as long as the market continues to suffer from headline risks, this pair will remain vulnerable.
The EUR/USD pair is one that has caused a fair amount of irritation for a lot of my trading friends. This is a pair that features one economy that is officially in recession, and another one that is trying to throw itself into one.
The EUR/AUD pair isn’t one that most of you trade, and this is unfortunate. After all, a solid trend isn’t something that we see in the FX markets all the time these days. This pair has a habit of trending, and is much less difficult to trade than a pair like the EUR/USD, one that far too many of you focus on.
