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/CAD pair broke down pretty hard during the session on Tuesday, and quite frankly surprised me a bit. I feel that breaking below the 1.10 level is a sign of the seller starting to gain control, but at the end of the day I still believe that there is plenty of support only down to the 1.09-ish area.
The EUR/USD pair has been in a gradual grind higher over the last couple of years. However, it’s been a very choppy pair in general, so anyone expecting some type of easy trade is probably deluding themselves.
The silver markets have been a difficult place to be involved in over the last several weeks. After all, all you have to do is look at the chart and recognize the fact that we have been stuck in a fairly tight range for roughly 6 months.
The NZD/USD pair has been gradually grinding sideways over the course of the last several weeks, and as a result I believe that this is a market that is trying to build up enough momentum to continue going higher.
The USD/JPY pair fell during the course of the month of April, but only slightly so. Quite frankly, we have been grinding sideways for about two months now, and we are approaching an uptrend line. The question is now whether or not that trend line holds.
The USD/CAD pair rose during the bulk of the back half of April. Because of this, we have broken above the top of the hammer from a couple of weeks ago, and fired off buy signals.
Check out the Forex signal for the USD/JPY pair here.
Check out the Forex signal for the EUR/USD pair here.
Gold prices climbed 1.6% since the beginning of the month, supported by escalating tensions between the West and Russia over Ukraine. Learn where Gold is headed for the upcoming month of May 2014 here.
The WTI Crude Oil markets gapped slightly higher at the open on Monday, but as you can tell by the chart went back and forth and essentially ended the day where we started.
The GBP/USD pair broke higher during the session on Monday, breaking above the 1.68 handle solidly at one point during the day.
The AUD/USD pair tried to rally during the session on Monday, going as high as the 0.9325 area. However, we found enough resistance of the net general vicinity to push the market back down and form a shooting star.
Check out the weekly signal for the EUR/USD pair here.
According to the analysis of EUR/JPY and crude oil, trader profited on a binary options trading platform. See how here
