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 AUD/NZD is another pair that has been trading in a well defined descending channel for almost a year. This pair has been trending downwards since at least last July and last week broke this trend by turning strongly bullish and breaking the descending channel at 1.2576 +/- a few pips.
According to the analysis of the GBP/USD and EUR/USD trader profited on a binary options platform.
Learn where the USD/CAD pair is headed with this free Forex signal from the experts at BNRY.
The WTI Crude market initially fell during the session on Monday, as the markets were rocked by the situation in Cypriot banking. As the day unfolded, it became more and more apparent that it wasn't Armageddon, and as a result risk assets were bought back up.
The start of the trading week saw a bullish gap as disappointment over a bailout plan for Cyprus increased desire for safe haven diversification. As a part of the plan, depositors will be required to pay a tax to contribute to the bailout.
The NZD/USD(aka Kiwi) has been trading in a 4 hour descending channel since mid February when the pair broke out of its long running ascending daily channel.
The EUR/USD pair originally gapped lower at the open on Monday, after the news broke that deposits in Cypriot banks would be used in order to pay back a bailout that the country needs.
The USD/JPY pair gapped lower at the open on Monday as news came out about the issues in the Cypriot banking system. The fact that the government was willing to tax individuals and their deposit accounts forced mass selling of risk assets.
The GBP/USD pair had a back and forth session on Monday, as the rest of the currency markets seem to be more volatile by the hour. With the problems being focused on in Cyprus, it seems that the markets had forgotten about the economic issues facing the United Kingdom, even if it was just for a day.
Check out this projected market movement for GBP from Andrew Keene, only at DailyForex.com.
Last week, Norges Bank left interest rates untouched at its meeting while projecting the first rates hike to likely be in March 2014. Check out this weekly outlook for the EUR/NOK pair here from the experts at 24bulls.
If you are curious about the major pairs and what may be in store for them this coming week, check out this Forex forecast and learn how last week's activities will impact your trading these next few days.
Begin your week with a Forex signal for the EUR/NZD pair that is currently heading upwards. Make your moves now.
The WTI Crude market had a good showing on Friday as the bullishness in this market continued. The market rose during the session, mainly pushed along by weakness in the US dollar. As the market is priced in US dollars, it makes sense that we see more of them needed to buy this commodity.
The XAU/USD pair closed the session slightly higher than opening but remained within the last 3 days trading range. Gold prices gained some ground against the greenback after a series of weaker than expected economic data out of the United States increased investors' appetite for the shiny metal.
