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 fell during the session on Wednesday, something that I had anticipated when the Monday shooting star was printed. Tuesday saw the market rent a hammer, so this of course throws a lot of confusion into the marketplace.
The EUR/USD pair fell during the session on Wednesday, slamming into the 1.30 level during the session. Obviously, the 1.30 level is a large, round, psychologically significant area which of course brings a lot of attention to the market participants.
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Gold prices remained under selling pressure and closed the day lower than opening after better than estimated housing and consumer confidence data out of the world's largest economy reinforced expectations the U.S. Federal Reserve will scale back stimulus this year.
The EUR/USD pair fell during the bulk of the session on Tuesday, continuing to show weakness that we have seen for over a week now. However, I am a bit hesitant to be involved in this market right now, simply because I don't see a buy signal, I certainly see a ton of support just below current levels.
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The AUD/USD pair fell during the session on Tuesday, as the Australian dollar continues to get hit. Read on to find out more.
This pair has a long history of following the 10 year notes from both economies, and as the United States is seen rising interest rates, it makes sense that money flows into this pair on the upside.
When you look at this market, it's a lot like a Ping-Pong match - or table tennis depending on where you live. See more here.
Gold prices ended yesterday's session with a loss as rising expectations that the Fed's quantitative easing program will be scaled back in the near term continued to weigh on the market.
The WTI Crude Oil market initially fell during the session on Monday, but as you can see, traders came back into support the market. This followed an almost lockstep with what the US Dollar Index did during the session, as the US dollar initially appreciated, but fell back down in order to form a shooting star.
The EUR/USD pair fell during the session on Monday, but as you can see bounced significantly in order to form a hammer. What I find interesting about this hammer is that it's based on roughly the 50 day exponential moving average, and the 1.31 handle.
The USD/JPY pair fell during the session on Monday, retracing some of the strength that it had shown recently. Although this market has been falling for the last couple of weeks, I am still fairly bullish of it because I look at the longer-term picture.
The NZD/USD pair fell during the session on Monday, as the selloff of risky assets continued. However, by the end of the day we did see a significant bounce in the New Zealand dollar, and as a result we are closing with a hammer right around the 0.7750 level.
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