The NZD/USD pair rose during the session on Tuesday, slamming into the 0.84 level. This is an area though, that has caused a significant amount of trouble for the buyers in this market.
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.
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The USD/JPY pair rose during the session on Tuesday, bouncing off of the bottom of what has been a fairly reliable consolidation area.
The EUR/USD pair try to rally during the session on Tuesday, but as you can see the 1.38 level has offered resistance yet again.
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The WTI Crude Oil markets fell heavily during the session on Tuesday, retaking a lot of the gains that the market had during the Monday session.
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Check out the Forex signal for the EUR/USD pair here.
Check out the Forex signal for the GBP/USD pair here.
The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.97% on Monday as Russia’s growing military presence in Ukraine boosted the precious metal’s safe-haven appeal.
The WTI Crude Oil markets gapped higher at the open on Monday, primarily in reaction to the Russian invasion of the Crimean peninsula, which of course has repercussions as far as risk appetite is concerned around the world.
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The EUR/USD pair fell during the session on Monday, in reaction to the Russian invasion of the Crimean peninsula.
After the massive price declines we have seen in precious metals over the last 12 months, it will be critical for commodities investors to watch the ways the broader market reacts to short term economic data.
During the month of February, only one of the signals was triggered: an EUR/USD trade, which broke even. Therefore following Adam’s free Forex signals since December 2013 was profitable overall, as his signals in December 2013 were profitable.
Check out the Forex signal for the GBP/CHF pair here.
Check out the Forex signal for the AUD/CHF pair here.
Check out the weekly signal for the CAD/CHF pair here.