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 EUR/JPY pair had a strong session on Wednesday, as the general risk appetite of markets around the world and proved. Because of this, it appears that the market is ready to go much higher, and as a result I feel that this market should go to the 145 level, perhaps even higher given enough time.
Check out the weekly Forex signal for the AUD/USD pair here.
The XAU/USD pair closed the day lower after two consecutive days of gains. Without doubt, the outcome of the Federal Open Market Committee meeting will be the next big market catalyst.
Find out how the signal for the GBP/USD pair did from December 17, 2013 here.
According to the analyses of WTI Crude oil and EUR/JPY, trader profited on a binary options platform. See how here.
The XAU/USD pair had a slightly positive session but as we can see uncertainty over when the Federal Reserve would start winding down its $85 billion monthly bond purchases continues to affect the market sentiment.
The WTI Crude Oil markets have a positive session on Monday, breaking above the $97.50 level for the close. As a matter of fact, we went as high as $98, but stopped abruptly and turned back around as the area showed itself to be far too resistive.
The USD/JPY pair fell during the majority of the session on Monday, but as you can see formed enough support in order to bounce high enough and form a nice-looking hammer. This hammer is focused on the 103 level, which of course is a large, round, psychologically significant number.
The EUR/USD pair try to rally during the session on Monday, but as you can see the 1.38 level has offered resistance yet again.
