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 broke much higher during the course of the session on Tuesday, breaking the top of the range for Monday. While I freely admit that this is a very bullish sign, I believe that the 1.10 level above will be important.
Check out the USD/CAD Forex signal for April 29, 2015 here.
Check out the AUD/USD Forex signal for April 29, 2015 here.
Check out the USD/JPY Forex signal for April 29, 2015 here.
Check out the GBP/USD Forex signal for April 29, 2015 here.
Check out the EUR/USD Forex signal for April 29, 2015 here.
The EUR/CHF pair broke higher during the course of the session on Tuesday, slamming into the 1.05 level. This is an area where I see quite a bit of resistance, so we could see sellers step into the marketplace in this general vicinity.
The USD/CHF pair went back and forth during the course of the day on Tuesday, grinding sideways overall. I find this interesting as the EUR/USD pair tends to be the exact opposite of this pair, and then shot straight higher. Because of this, I have to wonder which currency pair is lying at the moment.
The EUR/JPY pair has been gradually going lower over the last several months. Looking at the longer-term charts, the pair has most certainly been bearish overall.
The GBP/USD pair initially fell during the session on Tuesday, but once we got below the 1.52 level we found plenty of buyers in order to turn this market back around. Ultimately, we closed at the highs of the session, well above the 1.53 handle.
Gold prices climbed for a second day and settled at $1211.87 per ounce, gaining $9.69, as more disappointing U.S. economic data weighed on the dollar.
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Get the USD/CAD Forex signal for April 28, 2015 here.
Get the AUD/USD Forex signal for April 28, 2015 here.
Get the USD/JPY Forex signal for April 28, 2015 here.
