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 session on Wednesday, retracing a lot of the gains that we saw on Tuesday. Because of this, it appears that the $97 level will continue to offer buying opportunities though, simply because we bounced off of this area I suspect that others are starting to feel that same way as well.
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The EUR/USD pair went back and forth during the session on Wednesday, ultimately settling on a slightly positive candle. However, we did not manage to close above the 1.38 handle, so I don't have a buy signal quite yet.
The GBP/USD pair fell hard during the session on Wednesday, finding the 1.6350 level supportive though, thereby keeping the sellers somewhat in check. Because of this, I think that we are starting to see a little bit of buying come back into the marketplace, and it's only a matter time before you get that nice buy signal.
The AUD/USD pair fell during the session on Wednesday, pressing up against the 0.9050 level. While this does look very, I do not feel that you can sell this pair until we clear the 0.90 handle decisively, and that these on the daily close.
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The XAUUSD pair rose to its highest level since November 20 after the bulls managed to push prices above the 1252 resistance levels.
The WTI Crude Oil markets rose during the session on Tuesday, breaking above the $98.50 level. That area is the opening to the $99.00 level, an area that I believe will be broken and allow the market to go as high as $101 in the short term.
The EUR/USD pair rose during the balance of the session on Tuesday, but ran into trouble right around the 1.38 handle.
The USD/CAD pair fell during the session on Tuesday, but as you can see the 1.06 level has offered support yet again. That area for me is rather significant, but it isn't the bottom of the support.
The EUR/JPY pair fell after going back and forth during the session on Tuesday. Market is sitting at the 141.50 level, and as a result I think this market will continue to go higher, reaching the 145 level.
