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Technical Analysis
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.
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Technical Analysis
Technical Analysis
Gold lost ground against the American dollar and closed the day at $1218.05 an ounce after the U.S. Federal Reserve decided to trim the pace of its monthly asset purchases by $10 billion to $75 billion.
Technical Analysis
The WTI Crude Oil markets went back and forth during the session on Wednesday, as we continue to meander around the $98 handle. The $98 handle has shown a significant amount resistance lately, but I don’t necessarily think that it’s any type of major blockade for the buyers, it’s just simply the fact that we’re getting towards the end of the year.
Technical Analysis
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The EUR USD pair initially tried to rally during the session on Wednesday, but as you can see the 1.38 level has caused resistance yet again. The market fell from there, and then of course was helped by the FMOC and its announcement that it was tapering off of the bond purchase program.
Technical Analysis
The USD/CAD pair had an extraordinarily bullish session on Wednesday, lodging for the 1.06 handle and smashing through the 1.07 level. The 1.07 level was the area that I needed to see broken to the upside in order to become very bullish of this pair, and start adding to previous positions.
Technical Analysis
The EUR/JPY pair had a strong session on Wednesday, as the general risk appetite of markets around the world and proved. Because of this, it appears that the market is ready to go much higher, and as a result I feel that this market should go to the 145 level, perhaps even higher given enough time.
Technical Analysis
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Check out the weekly Forex signal for the AUD/USD pair here.
Technical Analysis
The XAU/USD pair closed the day lower after two consecutive days of gains. Without doubt, the outcome of the Federal Open Market Committee meeting will be the next big market catalyst.
Technical Analysis
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Find out how the signal for the GBP/USD pair did from December 17, 2013 here.
Technical Analysis