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 GBP/USD pair bounced during the session on Monday, showing the 1.59 level as being supportive. Because of this, it appears that the overall consolidation is going to continue, and I started buying this pair early during the Monday session.
The EUR/USD pair initially fell during the session on Monday, but as you can see there was enough buying interest below the 1.35 level in order to continue to show support at this area as we have seen over and over again.
The WTI markets did very little during the session on Monday, essentially reaffirming the fact that the 95 level is going to be a slightly resistive area, while the 94 level will be supportive.
Gold prices (XAU/USD) settled slightly higher yesterday but remained within the previous day's trading range. The XAU/USD pair seems to be trying to form a bottom since the prices bounced off of the 1306.05 level which is also the 50% retracement based on the bullish run from 1251.60 to 1361.76.
Check out the weekly signal for the AUD/NZD pair here.
According to the analysis of the EUR/USD and USD/CAD trader profited on a binary options platform. See how here.
Begin the month of November with the weekly forecast for some of the major Forex pairs here.
The NZD/USD pair fell slightly during the session on Friday, but found support yet again near the 0.82 level.
The EUR/JPY pair fell most of the session on Friday, but as you can see bounced hard enough to form a hammer.
The EUR/GBP pair fell during the session on Friday, but as you can see got enough of a bounce off of the 0.8450 level in order to form a nice looking hammer.
The USD/CAD pair went back and forth during the session on Friday, hovering above the 1.04 handle as you can see.
The WTI Crude Oil markets fell hard during the session on Friday, breaking below the all-important $96 handle.
The XAU/USD pair fell for the week and settled at $1315.54 an ounce on Friday as investors decided to liquidate some of their long positions and turn to the relative safety of the U.S. dollar.
Last Thursday's analysis ended with the following predictions relevant to what has happened since:
Our previous analysis last Monday ended with the following predictions, as applicable to the price action that has occurred since then:
