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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The XAU/USD pair closed the week higher after two consecutive weeks of losses as the Ichimoku cloud on the daily time frame continued to offer some resistance.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
Check out the Forex signal for the USD/JPY pair here.
The WTI Crude Oil markets rose during the session on Friday, breaking above the $101 level. However, we are still below the recent high of the $102 level that formed a shooting star, leading me to believe that the market is still going to struggle a little bit above current levels.
The EUR USD pair spent most of the day selling off during the Friday, but as you can see found enough support below to make the market pop back above the 1.37 handle. With that, we formed a nice-looking hammer, which is focused just below the 50% Fibonacci retracement level.
The AUD/USD pair rose during the session on Friday, but failed to break out of the reason consolidation that we’ve been stuck in.
The GBP/CHF pair is one of my favorite pairs to trade when the markets finally make up their mind as to whether it’s “risk on”, or “risk off” at the moment.
The USD/CHF pair tried to rally during the session on Friday, but as you can see failed to hang onto the gains. Because of this, the market turn things back around and formed a shooting star.
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Learn where some of the major Forex pairs are headed for the week of April 7, 2014 with this weekly forecast here.
Gold gave up some of its earlier gains against the American dollar during Thursday's session but as you can see the market is still trapped within the last four days' trading range.
The WTI Crude Oil markets rose during the session on Thursday, breaking the top of the hammer from the Wednesday session. This of course is a very bullish sign, and as a result I believe that this market will continue to go higher.
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According to the analysis of NZD/USD and crude oil, trader profited on a binary options trading platform. See how here
During the month of March, four of the signals given were triggered, producing an overall profit of 0.25%. Learn all about it here.