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 USD/JPY pair fell again during the session initially on Tuesday, but bounced in order to form a hammer for the second day in a row. This supports seems to be focused on the 107 level, an area that has been supportive and resistive in the past.
During the session on Tuesday, the Australian dollar fell again. However, at this point in time it appears that the market is ready to consolidate, at least in the short-term.
As I mentioned yesterday, the USD/CAD pair is trying to break out. During the Tuesday session though, we did in fact see that happen. Broke out and touch to the 1.13 level, an area that of course is a large, round, psychologically significant number.
Yesterday, I produced an article on the USD/INR pair, suggesting that the market was struggling to keep the uptrend going, but the US dollar bounced off of the uptrend line in order to strengthen against the Indian rupee again.
Check out the USD/JPY Forex signal for October 15, 2014 here.
Get the EUR/USD Forex signal for October 15, 2014 here.
According to the analyses of the EUR/USD and GBP/USD pairs, trader profited on a binary options platform. See how here for October 14, 2014.
Get the CHF/JPY weekly Forex signal for October 14, 2014 here.
The XAU/USD pair extended its gains yesterday and scored its highest settlement in four weeks as weakness in the American dollar and pullbacks in major stock markets spurred investors’ appetite for the relative safety of the precious metal.
Check out the USD/JPY Forex signal for October 14, 2014 here.
Get the GBP/USD Forex signal for October 14, 2014 here.
Check out the EUR/USD Forex signal for October 14, 2014 here.
The EUR/USD pair tried to fall initially during the session on Monday, but as you can see the 1.2650 level offered enough support to push the Euro higher.
The USD/INR pair had a very weak session during Monday, pressuring the trend line that has been supporting the US dollar versus the Indian rupee, as we continue to see the US dollar favored in general.
The USD/CAD pair initially rallied during the course of the day on Monday, as the US dollar continued to show strength against its Canadian counterpart.
