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 spent most of the session on Thursday falling, but found enough support near the 102 level to bounce. However, the candle is in exactly overly supportive looking, so I feel that the market will continue to struggle in the short term.
The USD/CAD pair did very little during the session on Thursday, as we continue to meander just above the 1.10 level. With that, I believe that this market will continue to grind sideways, but in the end I also believe that the buyers will start take over again.
The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see found plenty of support at the 0.9250 handle.
The XAU/USD pair closed yesterday's session slightly higher than opening after three consecutive days of losses.
The WTI Crude Oil markets fell slightly during the session on Wednesday, but found a bit of support at the $101.50 level.
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the EUR/USD pair here.
Check out the Forex signal for the GBP/USD pair here.
The EUR/USD pair tried to rally during the session on Wednesday, but found the area above the 1.3850 level to be resistive enough to push the market back down.
The NZD/USD pair initially fell during the session on Wednesday, but as you can see got a little bit of a boost towards the end of the day in order to turn things back around and form a hammer.
The USD/JPY pair fell most of the session on Wednesday, but found enough support right around the 102 level in order to bounce and form a hammer area of course his hammer is a significant bullish sign, and the fact that it is that the top of the mini cluster doesn’t exactly hurt the bullish case either.
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Check out the Forex signal for the GBP/USD pair here.
Check out the Forex signal for the USD/JPY pair here.
