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/JPY pair fell during most of the session on Tuesday, testing the 1.2750 area. However, you can see the buyers stepped back into the marketplace as you would expect, and sent this market high enough to form a fairly decent looking hammer.
According to the analysis of the USD/JPY and EUR/USD trader profited on a binary options platform.
The USD/JPY pair is currently drawing a double-top on the 99.90 resistance. Get the Forex signal for this pair here.
The XAU/USD pair advanced towards the critical resistance level at 1444 yesterday as a weaker U.S. dollar lured some investors back to the market.
The WTI Crude Oil market rose during the session on Monday, breaking the top of the shooting star that had formed on Friday. This is obviously a very bullish sign, but I still am a little bit leery of going long at this point in time.
Yesterday was a relatively boring day in the Forex markets, with very few news events or fundamentals and a low volume Monday to top it off, not many of the major pairs moved much one way or the other.
The EUR/USD pair fell during the Monday session, piercing the 1.30 handle for a moment. However, by the end of the session we bounced enough to form a hammer, and this of course means more confusion.
The USD/JPY pair fell during the session on Monday, as the 100 handle proves to be far too resistant yet again. I have been talking to several people in the industry, and many of them seem to be of the opinion that there must be a large options barrier just above us.
The Mexican Peso isn't one of those pairs that most of you will trade very often, but it really is one you should pay attention to. It's one of the best performing currencies when it comes to trying to track the so-called "emerging markets", and is probably one of the few currencies that most of you can find to trade in Latin America.
Check out this signal for the FXB GBP/USD from pro trader Andrew Keene, only at DailyForex.com.
According to the analysis of the EUR/USD and GBP/USD trader profited on a binary options platform.
For the previous week, the Euro rose to an eight-week high before later crashing and ending the week lower. Italy’s inability to form a government since February’s election cliffhanger is one major reason. Get the analysis for the EUR/USD here.
Some of the major pairs had a bullish week last week. See what this means for your trading for this upcoming week and plan accordingly with this weekly Forex forecast.
Begin your week with a Forex signal for the GBP/USD pair from the experts at BNRY for DailyForex.com. See where this pair is headed here.
Although gold prices closed higher than opening for days in a row, we had a bearish candle on the weekly chart. The XAU/USD pair traded as low as 1321.52 on rumors that the government in Cyprus is going to sell its gold in order to supply additional funds which will be required to solve the crisis in banking sector.
