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/USD pair fell initially during the session on Tuesday, but as you can see the buyers stepped in yet again to push market higher. This market formed a hammer, and we now are pressing up against the 1.34 handle, an area that I had recently suggested was pretty important.
The USD/JPY pair fell hard during the session on Tuesday, but found the 97 level supportive enough to keep the market somewhat elevated. However, it appears that with the viciousness of the selloff that this market will more than likely continue lower in the short term.
The Yen gained against all of its counterparts yesterday with the USD/JPY finishing just below 97 at 96.98. The pair is inside a daily wedge or reducing triangle formation suggesting that there is a potential big move coming on one direction or another.
Check out the daily forecast for the BTC/USD pair here.
According to Christopher Lewis's analysis of the EUR/USD and EUR/JPY, one trader profited on a binary options platform. See how here.
Gold continued to gain ground against the American dollar as weak economic data out of the world's largest economy and escalating tension in the Middle East region increased gold's attractiveness as a safe-haven asset.
The WTI Crude Oil markets fell during the session as you can see on Monday, but found enough support just below the $106 level to form a little bit of a hammer. I believe that this market will continue to consolidate overall through the rest of the summer, which is rapidly coming to an end.
The EUR/USD pair fell during the session on Monday, but as you can see remains well within the consolidation area that we've seen over the last couple of weeks. Actually, when you look at this chart you can make a little bit of a case for a channel, with a slightly upward bias.
The EUR/JPY pair fell during the session on Monday, which of course wasn't a big surprise me considering that we formed a shooting star for the Friday trading session. The shooting star with at the top of the recent consolidation area, so this simply looks like a return to that as far as I can tell.
The USD/JPY pair fell during the session on Monday, but as you can see really didn't fall very far. In fact, we are essentially in an area that has been supportive previously, so would not surprise me at all to see a bit of a bounce from this general vicinity.
Get a full free Forex signal for AUD at DailyForex.com. Trade suggestion from Andrew Keene of Keene on the Market.
According to Christopher Lewis's analysis of the EUR/USD and USD/CAD, one trader profited on a binary options platform. See how here.
Last week I was mistaken in being overly bullish and not seeing that the short had already come at the time of writing, off the resistance at 0.9220. Get the full analysis here.
The XAUUSD pair rose to its highest level in eleven weeks as disappointing U.S. data boosted the precious metal’s safe-haven appeal. Commerce Department figures showed that sales of new homes dropped 13.4% to a seasonally adjusted annual rate of 394000 in July, well below expectations of 487000.
The WTI Crude Oil markets rose during the session on Friday as you can see, 2 1/2 months now. Get the full analysis here.
