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/JPY pair tried to fall on Friday, May 23, 2014 but as you can see has found quite a bit of support near the 138.50 level, an area that’s actually little bit lower than anticipated the market testing and still showing somewhat supportive action.
Learn where some of the major Forex pairs are headed for the week of May 26, 2014 with the weekly Forex forecast here.
The XAU/USD pair tried to break the descending trend line, which has been creating a constant pressure on the market recently, after the Reserve Bank of India allowed more companies to buy gold from overseas but upbeat economic reports out of the United States helped sellers to parry the bulls' attacks.
The WTI Crude Oil markets had a negative session on Thursday, testing the resilience of the buyers in this market. The results are in, and we certainly have enough support below to keep this market afloat in my opinion.
The EUR/USD pair fell again during the session on Thursday, testing the bottom of the hammer that we formed on Wednesday. What's in store for the pair today? Find out here.
The USD/JPY pair rose during the session on Thursday, breaking above the highs from the last several sessions, which of course is a nice bullish sign. Get the analysis for this pair for Friday, May 23, 2014 here.
The NZD/USD pair did almost nothing during the session again on Thursday as the pair seems to be pretty much comfortable at the 0.8550 handle. Get the technical analysis for May 23, 2014 here.
According to the analysis of the AUD/USD and EUR/GBP pairs, trader profited on a binary options trading platform. See how here
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
Gold priced ended yesterday's session with a loss as strength in global equities helped draw investors away from the precious metal.
The WTI Crude Oil markets gapped at the open on Wednesday, clearing the $103 level and extending the move to the $104 level.
The EUR/USD pair fell during the majority of the session on Wednesday, as we continue to pressure the 1.370 handle.
The EUR/GBP pair fell hard during the session on Wednesday, breaking below the 0.81 handle and beyond. In fact, we closed towards the end of the range at the bottom, and as a result I believe that this market will continue to go lower.
