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 WTI Crude had a negative session on Tuesday, pulling back from just below the $95.00 level. I have been speculating recently that we may have just entered a previous consolidation area, and that we could see a bit of choppiness between the $92.00 level on the bottom, and the aforementioned $95.00 level on the top.
The EUR/USD pair rose during the session on Tuesday, breaking above the last remnants of the shooting stars from the past couple of weeks. This of course is a very bullish sign; however we have seen significant resistance of the 1.32 level previously, so I'm not quite ready to start buying yet.
The AUD/USD pair rose during the session on Tuesday, but as you can see the 1.04 level continues to be far too much in the way of resistance for this pair to continue higher. However, I do believe that eventually will breakout above that level, as it is only the "middle line" of a larger rectangle that we have been trading in for roughly 17 months.
The USD/JPY pair fell during the session on Tuesday, and even managed to break the bottom of the hammer from the Monday session. Until circumstances, this is a very bearish signal and I would probably consider selling at this point.
The AUD/USD is currently sitting at a level, 1.0350-1.0400 that has been a key pivotal level for the pair. Looking at a Weekly chart we can see very clearly how important this area is for the Aisa-Pacific currency.
According to the analysis of the GBP/USD and AUD/USD trader profited on a binary options platform.
The GBP/AUD pair is failing to breakout. Get the Forex signal for this pair here.
After the Asian markets opened, Euro received a strong bullish impetus based on news coming from Italy. The newly (s)elected Prime Minister Enrico Letta has quickly settled to the task of governance by appointing 21 cabinet ministers and members of government. Get the analysis for the EUR/USD here.
The XAUUSD pair started the week with a gap to the upside as data out of the United States last week reinforce expectations the U.S. Federal Reserve will remain hyperactive and keep purchasing assets at a pace of $85 billion a month.
The WTI Crude market had a strong showing during the session on Monday again, smashing above and trying to break above the $95.00 handle. It is at the $95.00 level that I feel this market could go much higher if we get above.
The EUR/USD pair showed strength during the Monday session, breaking above the recent shooting star from last Thursday. The candle suggests that we were perhaps going to break down below the 1.30 handle, but the action for Monday suggests the exact opposite.
The GBP/USD pair broke above the 1.55 handle during the session on Monday, an area that I considered very important for this currency pair. However, as you can see on the chart the market failed to stay above there for any significant close, and as a result I believe that the sellers have stepped in at an area that looked a very obvious for resistance to appear.
The AUD/USD pair rose during the session on Monday, breaking through shooting stars that we have formed over the last two weeks. However, the 1.0350 level looks like it's offered enough resistance to keep the buyers at bay.
The GBP/USD traded as high as 1.5545 yesterday and closed as a daily pin bar reversal from this level as well as double Pin Bars on the 4 Hour Time Frame.
According to the analysis of the NZD/USD and CAD/JPY trader profited on a binary options platform.
