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 initially dipped slightly during the session on Tuesday, but found enough buyers to continue higher. That being the case, we are testing the 119 level during the session, and it looks as if we could continue to go higher.
Gold prices ended higher on Tuesday, erasing all of the previous day's losses, as conditions in the market boosted the precious metal's safe-haven appeal.
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The EUR/USD pair tried to break higher during the course of the day on Monday, but as you can see struggled to clear the top of a hammer.
The USD/JPY pair broke higher during the course of the session on Monday, clearing the 118 handle finally. Because of this, I feel that the market is going to head towards the 120 level, which of course is resistance above.
The USD/CAD pair did almost nothing during the session on Monday, as we printed a neutral candle just underneath the 1.20 resistance barrier.
Get the USD/JPY Forex signal for January 20, 2015 here.
Get the EUR/USD Forex signal for January 20, 2015 here.
Get the USD/CHF Forex signal for January 20, 2015 here.
Gold ended the day almost unchanged as the market took a breather after surging to a four-month high on Friday.
According to the analyses of the USD/JPY and EUR/USD pairs, trader profited on a binary options platform. See how here for January 19, 2015.
Get the USD/CHF Forex signal for January 19, 2015
Get the USD/JPY Forex signal for January 19, 2015
Get the EUR/USD Forex signal for January 19, 2015 here.
The EUR/USD pair broke down during the session on Friday, dipping below the 1.15 level, which of course is a large, round, psychologically significant number.
