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.
Forex Technical Analysis
Forex Technical Analysis
The XAU/USD pair rose for a third consecutive day as concerns over the world's largest economy continued to lure some investors to relative safety of the precious metal. Gold prices reached $1338.85 an ounce yesterday, the highest level in 16 weeks, before pulling back slightly to the 1335.
The WTI Crude market went back and forth during the session on Monday, essentially settling nothing. The one thing that the chart does show me is that the $102 level is currently acting as a little bit of a support level.
The EUR USD pair went back and forth during the session on Monday, essentially settling nothing. However, we did show the 1.37 level to be supportive still, and as a result I believe that we are still in the consolidation area that is bordered by both that level, and the 1.38 level on the top.
The USD/CAD pair has been one that’s been interesting to follow lately, as we have had such a bullish run by the US dollar. However, they did in fact come to an end, if only temporarily so, during the Monday session.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
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Check out the signal for the EUR/USD pair here.
Check out the Forex signal for the USD/CHF pair here.
Check out the Forex signal for the EUR/CAD pair here.
Check out the weekly signal for the EUR/CHF pair here.
Gold continued to gain ground against the American dollar as disappointing economic data out of the world's largest economy (especially on the housing front) and escalating tension in Ukraine increased the shiny metal's attractiveness as a safe-haven asset.
The WTI Crude Oil markets fell during the bulk of the session on Friday, but as you can see found enough support at the $102 level to turn back around and form a hammer by the end of the day.
The EUR/USD pair went back and forth during the session on Friday, essentially hovering above the 1.37 level yet again.
The CAD/JPY pair fell during the session on Friday, but as you can see found enough support at the 92 handle in order to bounce and form a hammer for the second day in a row. This is a pretty strong sign, and because of that I believe that this pair is in fact going to go higher.