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.
Gold prices closed slightly lower on Wednesday, giving back a small portion of the previous day’s gains, as the 1199/7 area continued to offer resistance. U.S. economic data mostly came in worse than anticipated, but the market had a muted reaction.
According to the analyzes of the USD/CAD and EUR/USD, trader profited using a binary options platform. Find out how here for May 6, 2015.
The EUR/USD pair initially fell during the day on Tuesday, but found enough support near the 1.1050 level to turn things back around and form a hammer.
The AUD/USD pair initially fell during the session on Tuesday, reaching towards the 0.7750 handle. However, the Reserve Bank of Australia surprised the market a bit by suggesting that rates cuts start to be over after the one that we saw on Tuesday.
The NZD/CAD pair fell during the session on Tuesday, but found support exactly where you wanted to see it if you are hoping for a rally.
Get the AUD/USD Forex signal for May 6, 2015 here.
Check out the USD/CAD Forex signal for May 6, 2015 here.
Check out the USD/JPY Forex signal for May 6, 2015 here.
Check out the GBP/USD Forex signal for May 6, 2015 here.
Get the EUR/USD Forex signal for May 6, 2015 here.
Get the NZD/USD Forex signal for May 5, 2015 here.
Get the USD/CAD Forex signal for May 5, 2015 here.
Get the USD/JPY Forex signal for May 5, 2015 here.
Get the GBP/USD Forex signal for May 5, 2015 here.
Get the EUR/USD Forex signal for May 5, 2015 here.
