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 managed to rally during the session on Tuesday, reclaiming the losses that we had seen in the market on Monday. That being the case, we are still below the 105 level, and that seems to be a magnet for price right now.
The AUD/USD pair fell during the session on Tuesday, showing that the 0.90 level, and just below that area, is continue to offer resistance. This resistant candle looks like a market waiting to continue falling, but at the end of the day I believe that the real move will probably come in reaction to the nonfarm payroll numbers.
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The XAU/USD pair closed yesterday's session slightly higher than opening as the weakness in the dollar lured some investors back into the market. The XAU/USD pair has been resilient to the bears' attacks over the last couple of days and as a result we saw prices rising to the highest levels since December 17.
The WTI Crude Oil markets fell slightly during the session on Monday, testing the $93 level. However, the area offered support and the market down slightly higher as it did back during the month of November several times.
EUR/USD had a slightly positive session on Monday, testing the 1.3650 level but pulling back slightly at the end of the day.
The USD/JPY pair fell during the bulk of the session on Monday, testing the 104 level. This area has been supportive in the past, so it makes sense that we would see a little bit of a bounce from it at the end of the session.
The GBP/USD pair had a slightly negative session on Monday, but only after bouncing significantly from the 1.63 handle. This move produced a hammer, which of course is a very positive sign, and I do believe that the British pound continues to strengthen overall.
Check out the weekly signal for the AUD/NZD pair here.
