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 WTI Crude Oil markets fell during the bulk of the session on Thursday, testing the $99 handle. This is an area where I expect to see a significant amount of support, so the fact that we bounced a little bit towards the end of the day really doesn’t surprise me much.
The EUR/USD pair broke out to the upside slightly during the session on Thursday, but as you can see the 1.39 level offered enough resistance to push the market back down, forming a shooting star.
The USD/JPY pair fell initially during the session on Thursday, but as you can see we bounced off of the 102 level in order to form a little bit of a hammer.
The GBP/USD pair tried to rally during the bulk of the session on Thursday, but as we approached the 1.69 level, sellers came back into the marketplace to push the British pound back down.
The EUR/CAD pair rose during the session on Thursday, but as you can see found resistance at the 1.5250 level again, in order to pull back and form a shooting star.
Gold weakened against the American dollar for a third session on Wednesday after the Federal Reserve announced that it will cut monthly purchases by another $10 billion to $45 billion.
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.
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The XAU/USD pair fell for a second day as the bulls failed to clear trend line resistance around the 1300 level.
The WTI Crude Oil markets tried to rally during the bulk of the session on Tuesday, but as you can see found enough resistance near the $102 level to keep the market somewhat soft.
Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the EUR/USD pair here.
